How to get medical equipment with a trading license in Dubai?
The medical equipment trading license is an essential commodity, and as such, you should treat it with care. However, there are rules and regulations to ensure that the equipment is used correctly. In this article, we are going to take a look at the medical equipment trading license. This license is necessary when importing medical equipment in Dubai. In fact, the owner must obtain this type of trading license before importing any goods. 1. What is a trading license? A trading license is a permit granted by the government that allows a company to trade certain goods. A trading license in the UAE is an authorization to commence and carry out the business of trading here. The holder of a trading license can import certain goods and operate commercial establishments. Besides, the holder can engage in other commercial activities to work here. You can obtain a medical trading license from the DED. Once you have that license, you can start with the activities related to your business and generate new sources of income for you and your project. 2. What types of trading licenses are in Dubai? You have access to the trading licenses in the Dubai Land Department. These are necessary for trading in real estate. In fact, there are four types of trading licenses: 2.1 Commercial license A Dubai commercial license is authorization from the government to carry out commercial activities in Dubai. The commercial license is the legal document that allows a company to start its commercial life in Dubai. 2.2 Professional license The professional license is issued to qualified individuals to practice a profession. To qualify for a license, you must have a degree in undergraduate or graduate education. This has to be under the approval of the Ministry of Education of the United Arabic Emirates. 2.3 Industrial license An industrial license in Dubai is essential for any company interested in doing commercial activities. It is a legal document that you can get from the Department of Economic Development (DED), and you can renew it every year. The industrial license in Dubai can only be acquired by companies that have a valid trade license by the DED. Besides, the company has to fulfill specific requirements to obtain these documents. For example, you need to have a particular location and an operational plan. 2.4 General trade license A general trade license in Dubai allows businesses to engage in various commercial activities. The kind of activity that a company wishes to engage in will determine the specific requests they need to follow. As a result, the general trade license is perfect for small businesses. 3. How to obtain a trading license in Dubai? The first requirement is to fulfill the minimum capital requirement of AED 500,000. This is the essential requirement for the trader to start their own business. The second requirement is that you must be over 18 years old and have a valid UAE residency visa or an Emirati passport. Besides, you need to be fluent in languages. You need to speak Arabic and English at a minimum level of proficiency. You also need to provide your company name, telephone number, and the type of goods or services you offer. 4. What are the advantages of having a trading license? A trading license is necessary for any company that trades goods. It is also crucial for any company that offers financial services or advice. On the other hand, the benefits of having a trading license are as follows: 4.1 Boost international and local trade With a general trading license, you have the opportunity to start manufacturing or importing the services of your business. Whether you choose to sell locally or abroad, you can likely dominate the market with a bit of effort and experience. Besides, you will be able to make good earnings in one way or another. 4.2 Increase customer trust Many companies are willing to bend the rules to increase their profit margin. Meanwhile, other companies stay well within their legal boundaries. Customers who trust a company could create a loyal fan base. Likewise, the medical trading license helps the business gain a strong reputation and improves its reputation inside the market in which they operate. That increases its exposure and ensures a better customer base. 4.3 Enjoy tax benefits in your business One of the many reasons business people want to move to Dubai is the few tax incentives. Most countries require entrepreneurs to pay significant taxes, but Dubai does not. Since Dubai barely has taxes, those who trade can increase revenues. With this, you can reinvest the money you gain thanks to your company. 4.4 Easy set-up process Getting a Dubai trade license is much faster than the other business licenses in the United Arabic Emirates. Besides, Dubai’s trade license processing rates are cheaper than the licenses from other countries. This means you can typically set up a new business in just a few weeks. On the other hand, this also allows you to handle your own business in any free zone or Mainland. Once you have your license, you do not need to submit any paperwork. This saves a lot of time later. 4.5 Sponsor opportunities One of the most important things about getting a medical trading license in Dubai is to sponsor family members or employees. You can bring with minimal effort to Dubai if that is what you want. The fact that you can obtain a trading license and support your employees and family is helpful for many owners. By bringing them to Dubai, you will have more help and support. 5. Why should you apply for a medical equipment trading license in Dubai? When the COVID-19 pandemic started, hospitals need more medical equipment than ever. Since that moment, the demand has only grown, and it is not likely to go down anytime soon. Hospitals and medical professionals need quality medical equipment to continue to work successfully and help residents and visitors. If you want to set up a medical equipment company, you need a medical equipment trading license.
