import export license in Dubai
Not only is the UAE perfectly placed to do business with both established and emerging markets in Europe, Asia, the Middle East and Africa, but with two-thirds of the world’s population within an eight-hour flight, it’s the ideal hub from which to trade with all corners of the globe. This position is only strengthened by comprehensive road, sea and air links: the UAE is home to some of the world’s busiest airports and seaports.
Naturally, such infrastructure along with the UAE’s position at the crossroads of busy trade routes between Europe, China, the Indian subcontinent and the Middle East and North Africa (MENA) region makes it hugely popular with Dubai import export business. In 2016 alone, the UAE exported some USD 98.8bn worth of goods, with imports reaching USD 184bn in the same year. It’s perhaps unsurprising then that the trading license is one of the most sought-after in the Emirates – with overseas entrepreneurs commonly choosing to set up in the UAE’s many free zones.
Prior to operating Dubai import export business, it is first necessary to follow the steps outlined below in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefit for the business owner.
- Submit the company registration application and the proposed company name to the Department of Economic Development (DED) - Notarize the company’s Memorandum of Association in DED - File company documents with the Department for Economic Development (DED) and obtain trade license and the Chamber of Commerce and Industry - Make a name board - Apply for establishment card at the Ministry of Labor - Register native workers with the Ministry of Labor - Register native workers with the General Authority for Pension and Social Security The basic requirement for all business activity in UAE is one of the following three categories of licenses:- - Commercial licenses covering all kinds of trading activity.
- Professional licenses covering professions, services, craftsmen and artisans.
- Professional Trade license Dubai or Artisan Company’s where100% foreign ownership is permitted.
The seven categories of business organization defined by the law are:- - General partnership company - Partnership-en-commendams - Joint venture company - Public shareholding company - Private shareholding company - Limited liability company - Share partnership company The various types of companies that can be registered in UAE are the below:- - Free zone company - Offshore company - Limited Liability Company - Branch and representative offices - Mainland companies(trade)
Industrial licenses for establishing industrial or manufacturing activity UAE Ownership Requirements:- Fifty-one per cent participation by UAE nationals is the general requirement for all UAE established companies except - Where the law requires100% local ownership - In the Free Trade Zones where100% foreign ownership is permitted - In activities open to100% AGCC ownership - Where wholly owned AGCC companies enter into partnership with UAE nationals - In respect of foreign companies registering branches or a representative office in Dubai.
Dubai import export business
Starting a Dubai import export business is a profitable venture. The environment for international trade in Dubai as shown by above figures is growing fast with various opportunities can be undertaken with multiple industries. We have listed down some potential import and export business options for you if you are looking to explore trade sector in Dubai.
import export license in Dubai agent: Trade agent can be a person or company who sends and receives products to and from other countries. In order to start this business you must be aware of currency transactions and import and export laws and policies by the government.
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We are Business advisers in UAE. We provide services for <a href="http://shamsconsultant.com/dubai-import-export-business/">Dubai import export business</a>i, mainland business setup, free zone business setup, offshore business setup, <a href="http://dubaibusinesscenters.com/import-export-license-dubai/">import export license in Dubai</a> and provide sponsorship to new businesses.
We are Business advisers in UAE. We provide services of business setup in dubai, mainland business setup, free zone business setup, offshore business setup and provide sponsorship to new businesses...