This license is required for businesses engaged in trading activities, such as importing, exporting, or distributing goods. It applies to retail stores, wholesale suppliers, and logistics companies operating on the mainland or in free zones.
The application process involves submitting detailed documentation, including trade agreements, lease contracts, and proof of financial capacity to authorities. Commercial licenses are subject to strict trade regulations, including customs compliance, product safety standards, and regular audits.
Businesses must specify their trading activities during the application, as the license restricts operations to approved categories. Renewals require updated financial records and compliance reports, with penalties for late submissions.