How You Can Set Up an Import-Export Business in Dubai

Nowadays, there is a lot of hype of entrepreneurs going to Dubai for starting a business. There are various reasons you might want to set up an import and export business in Dubai. It is truly at the crossroads of the world, with easy access to the continents of Asia, Africa and Europe. In addition, it has a world-leading transportation hub that allows goods to enter and exit easily. Let's start with the location - the UAE is connected to Africa, Asia and Europe and has large international airports and ports. There is also a well-developed road network everywhere. In addition, Dubai and the UAE are known worldwide as business hubs attracting investment from all over the world.

The UAE's main export destinations are Saudi Arabia, India, Iraq, Switzerland, Oman and China. In terms of imports, China, India, the United States, Japan and Germany top the list. One of the main features for UAE import-export business owners is that it is easy to set up. Working with a business creation specialist like Creative Zone means you can get to work quickly - while making sure you follow guidelines. Later we will look at the many advantages of free zones in country as well as continent options.

Steps to Start an Import-Export Business in Dubai

Let's find out how to get Dubai, UAE export-import license.

Choose Your Trading Activity

The main solution is to decide exactly what to trade as it will affect the type of license you need. You may want a general trading license that allows you to trade unrelated goods. Other popular choices include everything from jewelry to beauty products to auto and airplane parts. However, it is important to make sure that the activity you choose is in accordance with the business activity you will be doing. So that everything here is clear and compatible, it is worth using the services of specialists for setting up a business in Dubai.

Select a Company Name

The UAE is quite strict when it comes to naming companies so it is important to know the regulations. Basically, you should avoid any language that could be considered offensive or blasphemous. You should avoid any name that already belongs to a well-known organization. When naming your business after your own name, be careful not to abbreviate your name. So John Smith Trading is fine, but J Smith Trading is not. Of course, you also need to make sure that your chosen company name is still available for registration.

Select a Business Set Up

You can start your import and export business either in mainland Dubai or in the UAE free zone. Due to its excellent free zone location (with direct connections to ports, airports, and highways), this is often the best option. In addition, the free zone offers 100% exemption from all import and export taxes and no currency restrictions. You can also repatriate all capital and profits. However, there are a few additional steps you need to take if you want to trade the local UAE market directly - a business formation specialist can guide you through this process (the mainland setup allows you to trade directly with the UAE market right away). ).

Apply for License

For business set up in Mainland, you can contact the Ministry of Economic Development (DED) or the municipality in the emirate of your choice directly; or if you select a free zone, go to the governing body of the zone. A business formation professional can walk you through all of these steps and even do it on your behalf.

Cost of an Import Export License in Dubai

Now let's take a look at the import-export license prices in Dubai.

Overall, the price will range from AED 15,000 to 17,000. However, the costs will vary for many shareholders and you will also need to consider any tax implications if you want to sell goods on the local market. For up-to-date prices tailored to your specific needs, contact a professional business set up firm for an accurate quote.

Documents Required for Import-Export License in Dubai

The exact documents you will need to start an import and export business in Dubai will depend on your company and location. However, in most cases, you will be asked to provide the following:

· Completed application form

· Passport copy of the proposed owner/s

· 2 passport size photos

· Customs import codes, where applicable

Working with a Professional Business Consultancy Firm

So, these are the most important points to consider while preparing your UAE export-import license. Now is the time to work with a professional to ensure your new business is set up smoothly.

If you're looking to start an import and export business, rest assured a professional business set up in Dubai Service Company will keep you updated and updated from the people who do it every day. At a professional business set up in Dubai Service Company, they offer the best solution to start your business in UAE. Get fast, reliable and impartial advice on your unique business facility needs. They can help you choose the right type of license for your chosen business/activity and walk you through the entire process from start to finish.

You can leave the inconvenience of registering a business with us while you focus on your business. And working with us means you get the best budget and cost-effective solutions to make your business dreams come true.