How to Get a General Trade License Dubai?

Published on: 23 October 2020 Last Updated on: 06 November 2024

Dubai is one of the most admired cities for various types of businesses. Many entrepreneurs prefer trading in the UAE because of the tax-free environment. and due to the UAE’s numerous Dubai visa types and easy application options, including online visa application systems, as well as many other types for entrepreneurs, investors, and businessmen. General trading is among the most profitable business ventures in Dubai. This is due to the huge local demand for various supplies because of the diverse cultures in the region. This includes essential items and even machinery.

As an entrepreneur or an aspiring business person, you should know that all businesses in the UAE require a trading license. It’s necessary to understand the different types of licenses. A general trade license allows you to conduct all your business activities with a single license.

General Trading License/Business in Dubai

A general trading license is ideal if you’re looking to start a business in the UAE. This license covers multiple trading activities in the same or various industries. These activities include import, export, and other activities like trading in electronics, furniture, clothes, etc. You should also get a general trading license if you wish to venture into the wholesale business.

This license allows you to trade in Dubai and other Emirates. However, you should understand regulations on specific products like pharmaceutical products, alcohol, and frozen goods. Many opportunities allow entrepreneurs to explore multiple businesses. There are 3 options for entrepreneurs to set up companies in Dubai; the Free Zones, Mainland, and Offshore.

Steps to Get a General Trade License in Dubai

The thought of conducting multiple tax-free businesses is very attractive to many individuals. However, you can’t do business in Dubai without a trading license. Below are the steps you need to follow to obtain your general trade license.

Choose a Location

You need to understand the different types of jurisdictions for business activities; these are the Offshore, Mainland, and Free Zones. There are 48 Free Zones in Dubai to choose from; they give you 100% ownership of your corporate and personal income. A Mainland business requires you to have a sponsor who will own 51% of the shares. An Offshore business operates in a different jurisdiction from its parent company which is usually in another country.

Business Activities

A general trading license allows you to conduct multiple businesses; you can choose up to 10 business activities. Apart from the restricted products like pharmaceuticals, guns, alcohol, and tobacco, you can trade in any other business.

Choose a Trade Name

One of the first steps is to choose an appropriate name for your company; this is one of the most important parts of your business. Choose a memorable, catchy name; it should help potential customers understand the type of business you run. You also have to follow name rules and regulations in the UAE. For instance, the name and the type of business should not contradict, you should not choose a name under copyright by another business in the UAE, it should not contain indecent or obscene words and should not offend the public, and you should not include God’s name or His attributes in English or Arabic. You can make your work easier by consulting a legal expert from a law firm in Dubai to guide you on how to choose a name.

Apply for the License

You need to apply for the license and submit various documents these include;

A license application signed by the manager or legal representative
Memorandum of association
A copy of your passport
2 color passport photos with a white background
A No Objection form from your employer (where applicable)
Passports of all the partners
Complete application form.

You can consult your legal advisor from a law firm in Dubai if you’re not sure you’ve got the right documents. The Commercial Revenue Authority reviews and validates your documents; your business name is then included in the Commercial Registry. The Department of Economic Development forwards these documents to the Federal Ministry of Economy responsible for publication. After this, the ministry issues an approval letter. The next step is for the Department of Economic Development (DED) to issue you with a commercial registration certificate and original trade license. Your license expires after 1 year. Once renewed; the license is valid for 5 years.

Choose a Business Premise

You need an office and a warehouse; you need to store your goods. A Free Zone license has limitations on the location of warehouses to choose, while a Mainland license has more freedom. Some Free Zones are more flexible; for instance, IFZA allows entrepreneurs to operate in virtual offices. Consider the location of the warehouse and your office, size, security for your goods, utilities, storage environment, and climate control like having an AC for hot weather.

General trade businesses are some of the most lucrative businesses to start in Dubai. You can trade include 10 activities and enjoy a tax-free lifestyle. However, every company in the UAE requires a license. It’s necessary to follow all the steps for the license application to save time and avoid issues.

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Understanding The California License Points System

Points are assigned for accidents and traffic tickets. The revocation or suspension of some or all of your driving privileges can take place if you receive a particular number of points within a certain period, depending on the violation you committed. If you speed, run a red light, or do any other moving crime, you will get points. As a driver in the state, you need to understand the system regarding California points on your license, as it is very important to maintain a clean driving record and keep your insurance premiums in check. By exploring how points are assigned, the consequences of their accumulation, and the options for point removal, you can equip yourself with the knowledge needed to proactively manage your driving privileges. How Points are Assigned When you violate traffic laws in California, points are assigned to your driving record based on the severity of the offense. Minor infractions typically result in one point being added to your record. These can include speeding, running a stop sign, or making an illegal U-turn. More serious violations, like reckless driving or driving under the influence, can lead to two points or more being assigned. The number of points you accumulate within a certain time frame can have consequences such as license suspension or increased insurance premiums. It is important to note that receiving too many points within a specific period can result in harsh penalties. For example, if you accumulate four points in just 12 months, six points in 24 months, or eight points in 36 months, your license may be suspended. Being mindful of the points system and driving responsibly can help you maintain a clean driving record and avoid potential repercussions. Consequences of Accumulating Points Accumulating points on your California driving record can lead to various consequences, including license suspension and increased insurance premiums. If you accumulate 4 points in 12 months, 6 points in 24 months, or 8 points in 36 months, the California Department of Motor Vehicles (DMV) may suspend your license. Driving with a suspended license can result in further penalties and fines if caught. Insurance companies often review driving records when policies are up for renewal. With points on your record, you may face increased insurance premiums or even have your coverage dropped altogether. Drive safely and avoid accumulating points to maintain a clean driving record. Remember, points stay on your record for 3 to 7 years, depending on the violation. Being mindful of your driving habits can help you steer clear of these consequences and keep your driving privileges intact. Point Removal and Reduction Options To improve your driving record in California, you can explore various options for removing or reducing points accumulated due to traffic violations. One way to reduce points is by attending traffic school. By completing a state-approved traffic school course, you may be eligible to have one point removed from your record. This option is available once every 18 months. Another method to reduce points is through a 'Negligent Operator Treatment System' (NOTS) hearing. During this hearing, you can present your case and potentially have points reduced or removed. If you maintain a clean driving record for a certain period, points can also be automatically reduced. For instance, one point is typically deducted after driving for one year without any additional violations. It's necessary to understand these options and take proactive steps to improve your driving record and avoid potential consequences such as license suspension or increased insurance premiums. Impact on Auto Insurance Rates Reducing points on your driving record in California can positively impact your auto insurance rates. Points on your record signal to insurance companies that you may pose a higher risk on the road, potentially leading to increased premiums. By maintaining a clean driving record, free of points or with reduced points, you demonstrate to insurers that you're a responsible driver, which can result in lower insurance costs. Insurance providers often review your driving record when determining your rates. Having fewer points can lead to discounts or better offers, as it shows that you're less likely to be involved in accidents or commit traffic violations. Some insurance companies offer specific programs for drivers with good records, allowing them to save even more on their premiums. By taking steps to reduce the points on your California driving record, such as attending traffic school or driving violation-free for a certain period, you can potentially enjoy savings on your auto insurance rates. It's a proactive approach that not only improves your driving record but also benefits your wallet. Tips for Avoiding License Points To maintain a clean driving record in California, follow these practical tips to avoid accumulating license points: (1) Always obey traffic laws and signs. This includes following speed limits, stopping at red lights, and using turn signals consistently. (2) Stay focused while driving. Avoid distractions like texting, eating, or adjusting the radio. Keeping your full attention on the road can prevent careless mistakes. (3) Be mindful of road conditions and adjust your driving accordingly. This means slowing down in adverse weather or heavy traffic to reduce the risk of accidents. (4) Maintain your vehicle properly to prevent mechanical failures that could lead to violations. Regularly check your brakes, tires, lights, and signals to ensure they're in good working order. (5) If you receive a traffic ticket, consider attending traffic school to prevent points from appearing on your record. By following these tips, you can steer clear of accumulating license points and maintain a clean driving history. Conclusion Understanding the California license points system is highly important in maintaining a clean driving record. By knowing how points are assigned, the consequences of accumulating points, and options for removal and reduction. You can avoid potential penalties and higher insurance rates. Remember to drive safely, follow all traffic laws, and stay informed about your points to keep your license in good standing. Read Also: The Evolution Of Braking Systems In Modern Vehicles: A Leap Towards Preventing Rear-End Collisions 7 Important Car Driving Safety Tips You Should Not Skip! Are Trucks Safer To Drive Than Cars?

Advantages Of Hiring A Truck Accident Attorney

There are many reasons that truck driving accidents happen, and all can be very dangerous. As a driver in a passenger car, you must be very careful around truck drivers because they can’t always see you and where you are. It is also very difficult for them to stop quickly, even when they are watching closely. If you are a truck driver or a driver of a passenger car, you know that accidents between these two vehicles happen. In the event that it happens, the services of a truck accident attorney are very much needed. To rule out differences between these 2, you will need to be able to have the right type of attorney to do the job correctly. What To Know Because big rigs and other commercial trucks can be larger and more difficult to drive, there are things that can happen that don’t happen with passenger cars. They need more room to turn, smaller roads are hard to manipulate, and they are more difficult to stop quickly. Because of these things, they are more likely to have accidents if they are not careful. Learn here about the difficulties that can happen with big rigs: https://www.consumerreports.org/car-safety/the-hidden-dangers-of-big-trucks/. There are other things that can cause accidents with these big trucks, and they could be caused by the truck driver or the driver of the passenger cars. Big Rigs Inadequate Training – Sometimes the truck driver hasn’t had all the training that they need and that can cause accidents. They haven’t learned all the driving techniques, safety techniques, and defensive driving. If they haven’t learned all this, they are more likely to not be able to drive safely. Fatigue or Exhaustion – Truck drivers have tough schedules set forth by trucking companies and they are expected to be places quickly to make the company money. Sometimes this causes the truck driver to have to drive for too many hours at a time. Some trucking companies even expect the drivers to speed to get to places in time, as well as get fewer hours of sleep. They even pay their drivers more money if they can make more deliveries in shorter amounts of time. Passenger Car Drivers Sometimes the accident is caused by the passenger cars because they don’t realize how big the truck really is. They also don’t realize that trucks don’t operate the same as passenger cars and that this can cause difficulties. See here for some defensive driver hints when you are dealing with big rigs. You can learn how to be more careful around them. Disabled Vehicles – Sometimes passenger vehicles become disabled and must go to the side of the road. If the cars don’t get completely off the road, it can cause problems for other vehicles on the road. This can be especially bad for truck drivers who have vehicles that are bigger and harder to drive. If a passenger car is only partially off the road, a truck driver can easily hit it. Blind Spots – Truck drivers have bigger blind spots than passenger cars and sometimes passenger cars drive in those spots. If that happens, the truck driver can’t see them and they may make moves that can cause an accident. Driving Between Big Rigs – Sometimes passenger cars get into a hurry and decide that the best place for them to be is between two big rigs. This can be very dangerous because it makes it difficult for the truck drivers to see them and if there is a reason to stop suddenly, the passenger car will get caught between the rigs. Fast Maneuvers – Cars will sometimes make fast maneuvers like changing lanes quickly in front of the trucks. This means that truck drivers can’t stop in time to avoid accidents. The smaller cars don’t realize that these big rigs can’t stop quickly. Moving into Traffic – Passenger cars don’t always accelerate quickly enough to move into traffic from the shoulder or from the on-ramps. If they move in front of a big rig, this could cause problems and the car could get hit. Right Turns – Car drivers don’t always realize that big trucks need more room to make right turns and they move into the space that the truck driver needs to turn in. If the truck driver doesn’t see the car in time, this could cause an accident. Passing too Close - If a passenger car gets too close to a big rig while trying to pass them. They don’t expect the turbulence or crosswinds that happen and they can get blown off the road or into oncoming traffic. Left Turns – If the car is making a left turn in front of the big rig and don’t realize how fast they are going, it can cause an accident. They forget that the big rigs can’t stop quickly, and it is also difficult for them to slow down quickly. Trucks Merging – Passenger cars will often fail to speed up or slow down when trucks are merging, and they can get hit when that happens. When to Consult an Attorney You will want to consult an attorney as soon as you can after you have alerted the authorities, especially if you are injured. You need to handle things differently than if you have an accident with another car. Trucking companies can afford to make accidents and victims disappear with a little money. You have to be careful, especially if you have extensive injuries because the costs may end up being more than they are offering. You will need to consult a truck accident attorney to make sure that you are compensated for all your medical expenses, your lost wages, and your pain and suffering. There may also be other expenses that are caused by the accident and you want to be sure that you are compensated for that. Conclusion There are many reasons that accidents happen between passenger cars and big trucks. It doesn’t really matter what the cause is if you are injured and can’t work. You will want to be compensated for this, so you will want to call a truck accident attorney to help you get what you deserve. Read Also: 3 Safety Regulations That Indiana Truck Companies And Drivers Must Follow 10 Tips to Prevent Truck Accidents: The Complete Guide for Truck Drivers A Set Of The Best Exercises For Truck Drivers

Different Types of Lawsuits you should know about

The legal sector is jam-packed with countless lawsuits. Some lawsuits are common but the general public is not aware of them. Most of the time, people do not know about their legal rights, and they let go of a situation. Many of these lawsuits might require going to courts, while others can be handled by an experienced lawyer. Mentioned-below is lawsuits you should know about: Different types of lawsuits you should know about: 1. Medical Negligence Medical negligence occurs when a patient is harmed or becomes sick due to carelessness concerning clinical faculty. In this claim, your attorney will decide whether there was a breach in standard care, the danger of injury because of the actions of staff, and gather proof. These claims can be complicated, and it is important to have a clinical malpractice lawyer on your side. 2. Product Liability Lawsuits Damaged items, for example, toys, machines, vehicle seats, brakes, air sacks, etc., can cause injuries that may qualify as a case for product liability damages. Regardless of whether the imperfection happened in the design, assembling, maintenance, or during repair, you could recover money-related remuneration to help take care of your medical bills. Like different kinds of injuries, a product liability attorney can make the cycle a lot simpler. Paraquat Lawsuit is similar in the sense that paraquat is a harmful chemical that can cause Parkinson’s disease. You can file a lawsuit if you have ever been in contact with such products containing this chemical. 3. Accident lawsuits Car crash lawsuits are one of the most famous personal injury claims. Regardless of whether it is a minor accident, or include drivers, travelers, and pedestrians, a car accident lawsuit can be filed. Managing the insurance agency can add to the pressure so it might be ideal to hire an accomplished Atlanta Car Accident Attorney who can assist you with getting a proper settlement. 4. Workers' Compensation Laborers' compensation benefits are given when workers are hurt at work. Managers are lawfully answerable for keeping a safe workplace for their workers, and even though you can't record a claim against an employer, recruiting a lawyer can assist you with getting the benefits. This may incorporate pay, time off work, and guaranteeing your position doesn’t end because of your physical injury. 5. Discrimination Discrimination claims may not only be documented by workers of an organization, but also by clients, providers, patients, sellers, and others who have an association with the business on the off chance that they were dealt with unreasonably because of race, color, religion, age, handicap, and different factors. 6. Dog Bite Lawsuits Around 5 million dog bite accidents happen each year in the U.S., and around 800,000 of those occurrences require clinical care. While laws with respect to dog bite differ from state to state, most of the time the proprietor of the dog is liable for any wounds caused by the dog. As a rule, dog bite victims are reluctant to look for a lawyer in light of the fact that the dog was a pet of a friend, relative, or neighbor. In any case, an accomplished lawyer can help moderate the pressure and continue with a claim in a manner that fulfills all parties involved. More About Your Lawsuits Here are some of the common queries every law student will have before they can jump into getting a specialization. 1. What Kinds of Lawsuits Offer the Biggest Payouts? Personal injury suits, medical malpractice cases, and product liability claims get any client the highest rewards. Often, these involve catastrophic injuries or deaths that substantial settlements or verdicts match that. For law students looking for a practice area that offers the most opportunities while presenting challenges, any form of personal injury, which includes other big businesses or health sectors, is the way to go. 2. What Are the 2 Most Popular Types of Civil Cases? The two most popular types of civil cases are personal injury and contract disputes. Personal injury lawsuits involve one party being injured or suffering harm due to the actions of another party. Contract disputes occur when one party fails to fulfill the obligations outlined in a legally binding contract. Especially when there has been an official signing of contracts between the two parties. 3. What Are the Different Types of “Sue”? Some of the more typical types of lawsuits are civil lawsuits, criminal lawsuits, and small claims suits. Civil lawsuits are disputes between people or organizations. Criminal lawsuits are when the government prosecutes someone for committing a crime. Small claims courts are for cases with a small amount of money on the line and are often available for cases other than specific family law-related ones. 4. What Personal Injury Lawsuits Can Pay the Most? Personal injury lawsuits where a catastrophic injury or death occurs tend to be the personal injury lawsuits that pay the highest compensation. In fact, you can expect multi-million-dollar settlements. These verdicts are not uncommon in cases involving wrongful death due to negligent product design or manufacture, severe burns, or brain damage. It often causes defective products or other personal injuries that cause life-altering damages. 5. How Much Do Personal Injury Lawyers Take? Personal injury lawyers usually work on a “no win, no fee” contingency basis and take 25% to 40% of your settlement as their fee. This arrangement allows you to make a claim without having to pay upfront fees. Plus, it gives your lawyer an incentive to aim for the maximum compensation the law allows. 6. How Much of the Settlement Does the Attorney Take if They Win a Personal Injury Trauma Lawsuit? For personal injury trauma lawsuits, most lawyers charge a contingency fee ranging from 33% to 45% of your settlement (depending on where you are located and how much experience your lawyer has). These percentages increase if the case goes to trial and he or she wins. Read Also: What Do Criminal Defense Attorneys Do? Here’s What You Do After Being Involved in an Accident at Work How To Settle Claims In Case Of A Personal Injury Incident?

How to Get a General Trade License Dubai?

General Trading License/Business in Dubai