Why import-export in Dubai?

How to start import and export business in Dubai? Can I start import export business in Dubai?

With this article we are starting a new series of how to import & export business in Dubai?

In this particular article we give a quick guide and knowledge that how you can start and establish your business in Dubai. 

Why Dubai is the best place for import and export business?

In short there are two main reasons for starting a business in Dubai. 

1. Geographic location 

2. Huge infrastructure 

1. Geographic location 

Dubai has a central location in our geographic area. Approx 70% of the sea cargo passes through the Arabian sea. Particular this location is great for sea cargo. 

2. Huge infrastructure 

We all know that Dubai has wonderful and large infrastructure. Dubai has biggest mall's, tallest building, and many artificial islands too. Now a days Dubai has becoming a bussines hub. So many warehouses and long shipping yards with the largest ports. 

So your business can grow rapidly and quickly. 

Trading is one of the most important industries in the UAE, as this is one of the richest countries in the world when it comes to crude oil, petroleum, and petroleum-based goods. The UAE also imports many products, among which foodstuff and machinery and equipment occupy the first positions among the most imported products in the Emirates.

Recent surveys show the United Arab Emirates as the 25th largest exporter in the world. The UAE also has one of the most complex economies in the world, according to the Economic Complexity Index (ECI). Based on a very successful economic diversification plan, the UAE Government has succeeded to attract an important number of foreign entrepreneurs seeking for development and expansion opportunities in the Middle East.

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How start a trading company in Dubai?

Starting a trading company in Dubai

Most of the import and export activities in Dubai are completed through trading companies. Foreign entrepreneurs can open trading companies in Dubai or in one of its free zones. The main difference between onshore trading companies and free zone companies is the requirement of having a local partner in the first type of company. Once the company is formed, the business owner is required to apply for an import-export permit with the Dubai Customs.

The import license will allow the company to bring good from outside the UAE, but also from any of the free zones in the UAE. The export permit will allow the company to send locally produced and to re-export imported products from other countries. Free zone companies are required to obtain import and export licenses even if the products come from the UAE.

How can I start my company in Dubai?

Here some points that helps you how can you started company in Dubai for export import trading. 

1. Trade licenses 

2. Office or warehouses 

3. Dubai trade and custom 

1. Trade licenses

First of all you need trade license for starting a trade business in Dubai. For that license you need to apply at 

Department of economic development (DED).

For this application you need some paperwork to apply at DED.

2. Office or warehouse

Once you get the trade license you need office or warehouse to do your work. If you have a strong financial condition you can acquire both the office and ware6as well.

I suggest you in begging phase you need only one place at a time.

Dubai has so much rent for warehouses. Every person can not afford it in begging phase. You can work without a warehouse or office as well but for this topic we will discuss further.

3. Dubai trade and customs

Once you complete all the formalities. You are ready to start your business.  Once you are ready with your first shipment you need license for customs. Dubai customs clearance are very difficult for beginner. First all you need to complete your custom license you will apply it online. You can hire a person for that complete process.

Import and export procedures in Dubai

 Foreign investors setting up trading companies in Dubai must get familiar with the import and export procedures in the UAE. When importing goods to Dubai, a company must go through the Dubai Customs and supply the following documents:

•  a declaration form for the import of goods,   a permit in the case of importing restricted merchandise,          
• a delivery order,          
• the invoices accompanying the merchandise,          
• the packing list,          
• a certificate of origin,          
• the trade license,          
• a DFSA declaration.

The DFSA declaration will be issued by the Dubai Customs Services. The same documents are required when exporting goods from Dubai.

In this article we give a brief introduction how you can establish a trading company in Dubai.

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