If you’re thinking of setting up a business in the UAE that involves importing international goods, then you need to think strategically about how to capitalise on the region’s location. You also need to know the requirements to start a business in the UAE so that it’s operating legally.
One of the reasons Dubai and the UAE are culturally rich when it comes to dining, and comprise shopping destinations is because of how much trade passes through the region and its exposure to goods, consumer practices, and tastes from across the world. With the increased focus from Dubai’s government on both business development and travel and tourism, that makes this prime opportunity to plan an import startup business in the UAE. As the owner of an import startup business in the UAE, this provides you with a large market interested in a variety of consumer goods.
It’s a great idea to consider running an import startup business in Dubai. Not only is there a significant focus from the government on boosting the economy through business, but the UAE’s geographic location puts it at the epicentre of trade from around the world. This includes extensive road connectivity throughout the UAE, and direct international sea and air routes with the MENA region, Europe, Asia, and beyond.
In order to bring goods into the region, whether by sea or air, you’ll require an import code from UAE customs. In order to acquire an import code, you have to register your business in Dubai with customs authorities. This is an online process in which you must submit documentation about the goods you want to bring to the country. Alongside this requirement are other forms of documentation that must accompany the goods you’re bringing into the region. A commercial invoice from your exporter must detail these items, such as a description of the goods, quantity, and price.
You can set up your import company in one of the many Dubai free zones or consider a business license in Dubai mainland. Licenses to trade from free zones or the mainland are economical and include lots of flexibility. For example, a general trading license allows a business to import a variety of goods under one document. This gives you the freedom to think about strategies to optimise your business, such as the right location. If you want to import food products, for example, you’ll need to consider renting a warehouse near airports or seaports. To discover which type of license would work best for you, contact business consultants in Dubai for more information.
Contact Decisive Zone today to discuss opening a trading business in one of Dubai’s free zones, and learn more about how to acquire import license.