How to start an import and export business in Dubai?
Import and export business in Dubai is also referred to as international trade. Dubai import and export business is one of the best ventures to consider if you are planning to start a business. Before we understand how to start an import and export business in Dubai, we need to comprehend how beneficial would it be to start an import and export business in Dubai and what are the formalities involved while starting an import and export business in Dubai.
Import and export business in Dubai basically exists because one group or country has a supply of some product or commodity that is in demand by another group or country. But apart from this generic explanation, the major existence and boost provided to the import and export businesses in Dubai are for several reasons.
Here are the top three reasons why the import and export businesses in Dubai do well:
Dubai is a great location to start an import and export business. Dubai is centrally located between the Asian, Africa and European continents and most of the trade in the world pass through Dubai. The location also offers a great time zone that allows import and export businesses in Dubai to coordinate and work with the east as well as the west.
Supply and Demand Channel
The Dubai market is largely dependent on import and export businesses and trading industries. This mainly because Dubai and the entire Gulf region has limited production and most of the commodities need to be imported into the country. On the other hand, UAE and the neighboring gulf regions are some of the biggest exporters of natural resources and oil.
The above-mentioned benefits further encourage the government to diversify the economy through the trading sectors. Hence, the Dubai government provides a lot of perks to import and export businesses in Dubai. Eventually, the government’s economic diversification efforts create more opportunities for import and export businesses in Dubai.
The above three points ensure that starting an import and export business in Dubai can be rewarding both in terms of profitability and expansion opportunities. So, if you want to learn how to start an import and export business in Dubai speak to a live business setup consultant or book a free appointment here.
Or simply follow the below procedure to start an import and export business in Dubai:
Apply for a Trade License
To a start an import and export business in Dubai firstly you will require to apply for a trade license and register the import and export company in Dubai. To do so you will have to apply to the Department of Economic Development (DED).
- Submit the company registration application to the DED
- Notarize the company’s Memorandum of Association in DED
- Submit the required paperwork with the DED
- Pay the fees and obtain the trade license
Rent a warehouse/space
Import and export business in Dubai needs you to have a physical presence, which means you will have to rent office space or warehouse to stack your imports or exports. Also, the DED along with the Dubai Municipality proposes certain norms depending on the commodities you are importing or exporting in Dubai. Renting is done during the stage of applying for the trade license and only after submitting the rental documents the trade license for import and export business in Dubai is issued.
Dubai Trade and Customs
The Dubai Trade and the Dubai Customs plays a very important role and you must take the procedures into consideration from the initial stage. If you are planning to start an import and export business in Dubai registering with the Dubai Customs also must be done. Online registration with the Dubai Customs is possible however documentation and paperwork will have to be submitted relevant to the products and commodities you would be importing and exporting.
There are other factors that you will have to consider while starting an import and export business in Dubai. Such as getting quotes from the Dubai Chambers of Commerce; planning the distribution and warehousing of the products; finalizing the freight brokerage service provider or collaborating with a Dubai import-export business agent – the involved are several and a guided development is advisable.
Thus, simply call a business setup expert from Shuraa Busyness Setup. We can help you with all the procedural barricades and ensure that you start an import and export business in Dubai in no time! For more information or to book a free consultation contact us on +97144081900 / WhatsApp on +971507775554. You may also email us on firstname.lastname@example.org or log on https://www.shuraa.com/