Description
If you are looking for how to start a trading business in Dubai or how to start general trading in the UAE, this article has all the answers to all your burning questions. No doubts, Dubai is one of the fastest growing trading centers in the world. It houses the largest number of multinational companies, investment and corporate headquarters and stock markets. This status gave it a high potential in trading. The country offers various attractive packages, including free registration, low transaction fees, free trade licenses and several other benefits.
But before you can start off your business in the emirate, you should obtain a general trading license from the Dubai ruler or Federal National Authority. The license proves that you have a minimum level of knowledge in trading and should be able to trade according to the rules of the country. The license also proves that you have a sound understanding of business laws of the country. You can search for a trading license at the Dubai ruler's website or via the Federal National Authority's website. You can apply directly or through your company representative, who will then be paid once the process is completed.
As you venture into the world of general trading in Dubai, it is important for you to understand that there are a variety of types of businesses that you can start off in the city. You can either be a supplier, wholesaler or manufacturer. Your primary task will be to find a business partner for your venture. However, you can also go to any of the registered brokers in the city to start your own business.
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