Dubai has one of the world’s fastest-growing markets, which makes it a great place to do business. With good sea and air links, the UAE is only an 8-hour trip away for two-thirds of the world’s people. There are many ways to make money in Dubai, but the import-export business is one of the best. Setting up an import-export business in Dubai is easy because it has modern facilities and is in a great location. To help with this, the government has set up a number of e-services to make it easier to buy and export goods.
Benefits of Having an Import-Export Business in Dubai
- Strategic Location: Dubai connects major global trading routes between East and West.
- Tax Benefits: No corporate or personal income taxes for most businesses.
- Free Zones: Numerous free zones offer 100% foreign ownership and no import/export duties.
- World-Class Infrastructure: Advanced ports, airports, and logistics facilities.
- Business-Friendly Regulations: Simplified processes for starting and operating businesses.
How to Get an Import-Export Business License in Dubai
Getting a trading or general dealing license from the right people is the first thing you need to do to start an import-export business in Dubai. You can bring goods into and out of the country with this license. You need to sign up with the Dubai Customs department once you have the business license. For special or limited items, you need extra permission from the right government offices. For example, the Dubai Police need permission to trade in gold, the Dubai Narcotics Department needs permission to trade in chemicals, and the Dubai Municipality needs permission to trade in food items.
Step-by-Step Guide to Getting an Import-Export Business License in Dubai
- Reserve the Trade Name:
- Choose a unique trade name for your company.
- Select the Trading Activity:
- Determine the specific trading activities your business will engage in.
- Appoint a Local Sponsor:
- A local sponsor is required to start a business in Dubai.
- Select a Location:
- Choose an office, shop, or warehouse location and secure a rent agreement.
- Sign the Memorandum:
- Sign the memorandum of the company at the UAE notary public or the Department of Economic Development (DED) via E-agreement.
- Submit Documents to DED:
- Submit the necessary documents to the DED and receive a payment voucher.
- Pay the Fees:
- Pay the required fees to obtain your business license.
- Register with the Immigration Department:
- Register your company with the immigration department.
- Get an Investor/Partner Visa:
- Obtain an investor or partner visa for the company owner.
- Register with Dubai Customs:
- Register your company with Dubai Customs and obtain an import-export code.
- Start Importing or Exporting Goods:
- Once all registrations and approvals are complete, you can begin your import-export activities.
Cost of an Import-Export Business License in Dubai
The cost of obtaining an import-export business license includes:
- Trade License Cost: Approximately AED 13,500
- Import Export Code Fees: AED 350
- Local Agent Service Fee: AED 10,000
- Office Rent: Subject to availability, location, and area of the office (virtual office options available)
Note: All fees are illustrative and subject to change.
Documents Required for an Import-Export Business License
To start an import-export business in Dubai, you need to submit the following documents to the DED:
- Company name reservation choices
- Company registration application form
- Passport copy of the owner
- Visa copy (visit visa or residence visa)
- NOC letter from the current sponsor if the owner is already working in the UAE
Dubai Customs Procedure:
- Trade license
- MOA of the company
- Passport copy of the owner
- Visa copy (visit visa or residence visa)
- Rent agreement
- Fees payment receipt
Conclusion
Starting an import-export business in Dubai is a promising venture due to its strategic location, modern infrastructure, and business-friendly environment. By following the steps outlined in this guide, you can obtain the necessary licenses and registrations to launch your business.
For a hassle-free setup, DXB-VIP can assist you with the entire process, from obtaining licenses to handling all necessary documentation, ensuring a smooth start for your import-export business in Dubai.
