A general trade license allows you to trade unrelated goods with a single license. This means you can export, re-export and import a number of different items, like furniture, food, toys and electronics, with just one license. Getting such a license is the first step towards starting a business in Sharjah. A few industries are restricted, like tobacco, alcohol, cars and medicines, and they need special approvals. The authorities may issue:
- Entrepreneurial Business License
- Business Operation Permit
Sharjah has a strong presence in the Middle East and is a gateway to conduct business with every corner of the globe. The city is well-connected to the large and diverse Arab Gulf markets. Having a general trade license further makes Sharjah a sought-after place for trading across domestic regions and internationally.
Sharjah is home to one of the largest industrial zones in the UAE. It is called the Industrial Area, which contributes 16% GDP of the emirate alone. State-of-the-art infrastructure, robust legislative and security framework and strategic location lure major foreign investors, which ultimately helps to solidify its position as a leader in the world economy. Here are the top advantages of having a general trading license in place.
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Endless Scope
You can trade in almost anything! It includes retail and wholesale goods, food, pet supplies, hardware, garments, baby products and accessories. A good business set-up platform will help you with the compliance and paperwork to generate a license in 45 minutes. Now you can go ahead and expand your business in the local markets or export to a country of your choice. Look for a free zone that lets you combine up to 5 activities for a single license for a seamless and affordable experience. Pick from more than 1,500 activities with 0% taxes and customs duties and complete ownership.
Simple Procedure
It is far from being time-consuming or overwhelming. All you must do is:
Step 1: Register your company with a trade name as per UAE naming conventions.
Step 2: Register for e-channel services to speed up the application.
Step 3: Activate your status change which is quite easy
Step 4: Take the medical test to apply for the Emirate ID. This will include X-rays, blood tests and similar relevant check-ups.
This ID will be needed to prove your identity to rent a home or open a bank account. The entire process is straightforward. But while it is not a cakewalk, you can work with a reliable business set-up advisor who can ease the entire journey. There are fewer chances of loopholes that only delay the procedures.
Low-Cost License
The license price in Dubai ranges between AED 9,000 to AED 40,000. Even the cheapest trade license there, which is the Meydan Free Zone License, comes between AED 10,000 to AED 13,000. But a good Sharjah free zone offers the license beginning at just AED 5,750!
Several factors are taken into account, including the type of business activity, the visa quota, the business structure of the enterprise, the number of business partners involved and the location of the warehouse, among others.
While this fee is to be paid just once, the perks and benefits continue for years. Find out a free zone that ensures up to 10 years of trade license. It is a good idea to talk to an expert and learn about the additional costs for better financial planning. Further, check out the ‘dual licence option’ that ensures a mainland and free zone under one application.
Tax Free
Most countries levy heavy taxes on the import and trading of different products. Manufacturing them is not possible without paying a hefty amount. This is a great cause of concern in investor decisions. Increasing the sales tax leads to a fall in the equilibrium prices. It also prevents entrepreneurs from expanding their businesses into new markets.
The good news is that there are no corporate or personal taxes in the UAE for doing business. This means anyone with a general trade license is exempted from taxes on the profits. Collaborate with a free zone authority whose top priority is to simplify the process.
Easy Sponsors
The general trading license makes it easy to apply for UAE visas for their employees. They can get it in a fast and hassle-free way. Try setting up your business in a free zone in Sharjah that provides up to 20 visas under one license. You are not required to obtain NOC from a sponsor. There is no need to submit auditing reports in Sharjah as well once the license is in your possession. Start your business right away without worries.
Look for a free zone that is located at the heart of Sharjah. The best one will offer a perfect mix of retail, co-working, storage and commercial buildings to help you grow and thrive in your niche without worrying about trade licenses or entry permits. These will be actively taken care of by the free-zone authority itself.
A general trade license allows you to trade unrelated goods with a single license. This means you can export, re-export and import a number of different items, like furniture, food, toys and electronics, with just one license. Getting such a license is the first step towards starting a business in Sharjah. A few industries are restricted, like tobacco, alcohol, cars and medicines, and they need special approvals. The authorities may issue:
- Entrepreneurial Business License
- Business Operation Permit
Sharjah has a strong presence in the Middle East and is a gateway to conduct business with every corner of the globe. The city is well-connected to the large and diverse Arab Gulf markets. Having a general trade license further makes Sharjah a sought-after place for trading across domestic regions and internationally.
Sharjah is home to one of the largest industrial zones in the UAE. It is called the Industrial Area, which contributes 16% GDP of the emirate alone. State-of-the-art infrastructure, robust legislative and security framework and strategic location lure major foreign investors, which ultimately helps to solidify its position as a leader in the world economy. Here are the top advantages of having a general trading license in place.
Endless Scope
You can trade in almost anything! It includes retail and wholesale goods, food, pet supplies, hardware, garments, baby products and accessories. A good business set-up platform will help you with the compliance and paperwork to generate a license in 45 minutes. Now you can go ahead and expand your business in the local markets or export to a country of your choice. Look for a free zone that lets you combine up to 5 activities for a single license for a seamless and affordable experience. Pick from more than 1,500 activities with 0% taxes and customs duties and complete ownership.
Simple Procedure
It is far from being time-consuming or overwhelming. All you must do is:
Step 1: Register your company with a trade name as per UAE naming conventions.
Step 2: Register for e-channel services to speed up the application.
Step 3: Activate your status change which is quite easy
Step 4: Take the medical test to apply for the Emirate ID. This will include X-rays, blood tests and similar relevant check-ups.
This ID will be needed to prove your identity to rent a home or open a bank account. The entire process is straightforward. But while it is not a cakewalk, you can work with a reliable business set-up advisor who can ease the entire journey. There are fewer chances of loopholes that only delay the procedures.
Low-Cost License
The license price in Dubai ranges between AED 9,000 to AED 40,000. Even the cheapest trade license there, which is the Meydan Free Zone License, comes between AED 10,000 to AED 13,000. But a good Sharjah free zone offers the license beginning at just AED 5,750!
Several factors are taken into account, including the type of business activity, the visa quota, the business structure of the enterprise, the number of business partners involved and the location of the warehouse, among others.
While this fee is to be paid just once, the perks and benefits continue for years. Find out a free zone that ensures up to 10 years of trade license. It is a good idea to talk to an expert and learn about the additional costs for better financial planning. Further, check out the ‘dual licence option’ that ensures a mainland and free zone under one application.
Tax Free
Most countries levy heavy taxes on the import and trading of different products. Manufacturing them is not possible without paying a hefty amount. This is a great cause of concern in investor decisions. Increasing the sales tax leads to a fall in the equilibrium prices. It also prevents entrepreneurs from expanding their businesses into new markets.
The good news is that there are no corporate or personal taxes in the UAE for doing business. This means anyone with a general trade license is exempted from taxes on the profits. Collaborate with a free zone authority whose top priority is to simplify the process.
Easy Sponsors
The general trading license makes it easy to apply for UAE visas for their employees. They can get it in a fast and hassle-free way. Try setting up your business in a free zone in Sharjah that provides up to 20 visas under one license. You are not required to obtain NOC from a sponsor. There is no need to submit auditing reports in Sharjah as well once the license is in your possession. Start your business right away without worries.
Look for a free zone that is located at the heart of Sharjah. The best one will offer a perfect mix of retail, co-working, storage and commercial buildings to help you grow and thrive in your niche without worrying about trade licenses or entry permits. These will be actively taken care of by the free-zone authority itself.