- September 6, 2020
- Posted by: DBS Editorial Team
- Category: Business Setup in UAE
If you are wondering why to start an import export company in Dubai and not anywhere else. Then you must know that the Middle East ranked 12th globally for providing import export business opportunities. And the region of Dubai is an epicentre of the Middle East.
World’s largest exporters and importers in Dubai are encouraged and accommodated at various levels. As Dubai offers a diversified economy and has rapidly promoted the non-oil sectors that subsidies 70% of Gross Domestic Product (GDP). While the import export business in Dubai has contributed to an outsizes a part of this!
So, what exactly has promoted investors to pond their resources and money in Dubai’s import export companies? And why starting an import export company in Dubai is the right option for you? Let’s find out!
Here are the top reasons you must start import export company in Dubai:
Significant Trading Environment for Import Export Companies
Dubai and parts of the UAE have been rich in natural resources and traded copper, spices, minerals and pearl. This trade continued with leading countries for several years before the discovery of oil. As a result, Dubai established a significant trading environment! In 1960s, the shipping sector became a serious route between Asia and Europe on an east-west axis, whereas the US and Africa started trading on the north-south axis. Moreover, the invention and export of oil came into existence in 1962, which became another major trading milestone. Thus, trading has always been within the roots of the region, favouring the scope of businessmen wanting to start a trading or import-export company in Dubai.
Suitability To Start Import Export Company In Dubai
Dubai’s strategic location and the suitability it offers import export company in Dubai cooperative environment serves imports, exports and re-exports industry on a progressively large scale. The potential market of over 2 billion people from the Asian and European regions can reach within four hours of travelling time. this can be perfected by a sturdy
airline network of local and international carriers, well-executed technological implications and logistics centres. Further, the geographical position, world class infrastructure and also the visionary leadership the UAE has made Dubai an acceptable hub for trading.
Favourable Import and Export Procedures
Start import export company in Dubai to take advantage of the favourable procedures. Be it a free trade zone or a mainland business – Dubai offers several perks to trading businesses. However, setting up an import export business requires licensing, documentation and permissions associated with import and export. The Dubai Government has made it extremely convivial. It includes having a sound trade license issued by a Dubai license issuing authority and being registered with the Customs Department in the UAE.
Beneficial & Opportune UAE Trade Laws
The UAE Trading Law in Dubai are constructed to promote a fair competition, protect the rights and interests of companies. The UAE Customs Zones are subjected to duty under the GCC’s Common Customs Law. However, the duty is charged way lower compared to most other courtiers in the world. On the other hand, goods destined for Free Trade Zones are exempted from duty. This opportune law also offers a conclusive atmosphere for SMEs and other start-up corporations. Moreover, Dubai also offers tax benefits and open-door policy being a GAFTA member.
Need more reasons on why to start import export company in Dubai? Speak with an expert!
To a start an import export company in Dubai or to get bespoke solutions, speak to our experts! Contact DBS Business Setup to book your free consultation and understand the fesibility of setting up a import export company in Dubai.
Call us on +97145667485 or WhatsApp us on +971555813673. You may also follow this link https://www.dubaibusinessservices.com/contact-us/ to connect with a business setup consultant right away!