When it comes to setting up a business in Dubai, it is essential to be aware of the restrictions and advantages associated with exporting goods. To trade in goods or services produced locally or between the free trade zone of the United Arab Emirates, an export license is required. Goods exported to any of the free zones of the United Arab Emirates are exempt from customs duty. Dubai offers companies tax and financial incentives, as well as electronic services to help businesses run smoothly and efficiently.
To obtain a residence visa, those setting up their own business in the United Arab Emirates must take responsibility. After paying the registration fee, companies will receive a registration certificate from the Dubai Chamber of Commerce and Industry. The excellent infrastructure and strategic location of the United Arab Emirates make Dubai an ideal place for import and export businesses. In certain businesses, permission from a certain authority is necessary; for example, the Central Bank regulates finance and the municipality of Dubai regulates engineering and construction.
Free zones are attractive places to establish import and export businesses in Dubai, offering several benefits such as tax exemptions, no currency restrictions, and 100% foreign ownership. It is important to have a good understanding of the Dubai market when setting up an import-export business. Embassies and consulates at seven locations abroad carry out outreach activities to raise awareness of re-export control requirements among foreign business communities. IMC Group can provide assistance with setting up an import-export business in Dubai. For more information on opportunities to do business in the United Arab Emirates, contact the DIT team.
International trade or import-export businesses in Dubai are highly lucrative due to its infrastructure, import and export facilities, and logistical support.