The location of your export import business makes all the difference between a successful commercial venture and a failed one. So, it is a must that you choose a location that gives all you need to make export/import easier, faster, and cost-effective. So, before we say that Dubai is the best location to start your export/import business, let’s find out why you should consider Dubai even an option.
Why Choose Dubai for an Export/Import Business?
Dubai is the hyper-connected emirate that acts as the central point for trillions of dollars of business and investment not only in the UAE but the entire Middle East, Africa, Asia, and beyond. Thanks to its strategic position, Dubai opens new avenues for export/import/re-export businesses and provides an expansive reach to up to billions of consumers sprawling throughout Middle East countries, China, Japan, India, Europe, the USA, and various other countries.
Even though Dubai has nothing much to export in terms of natural resources except for crude oil and minerals, the emirate has turned itself into one of the world’s top cities to carry out financial, commercial, and service activities. Equipped with world-class infrastructure and super connectivity, Dubai attracts worldwide exporters to gather in Dubai and then re-export to other countries while enjoying liberal business policies and exposure to an immensely huge audience base.
The important partners of Dubai for imports are India, Japan, Thailand, Singapore, and South Korea, and the key partners for exports are the US, UK, Germany, France, and Italy. That’s all the big countries where you can find the most promising audience and earn a fortune.
If you also wish to start your own export, import, or re-export business in Dubai, you can do it easily with the help of a bespoke business solutions provider in Dubai.
What Should I Know Before Starting Import Export Business in Dubai?
Before you plan to start an import-export business in Dubai, you must know about the import-export code and various other aspects which are mentioned below:
- First of all, you will need to apply for a trade license from any of the free zones in Dubai or the mainland.
- Then, you will need to register your company with the Customs Department of Dubai to be able to start your export-import business in Dubai.
- Apart from acquiring a trade license, you will also have to get the customs registration clearance processed.
- Further, you will need to obtain an import-export code from the Customs Department.
- You will be allowed to trade only those goods that are mentioned in the trade license of the company.
- It is a requirement that the goods must reach their destination within 72 hours of the customs declaration.
- All the goods you will import or export will first be checked by the Customs Department.
- You will be required to submit a customs clearance letter to the concerned free-zone authorities if you need to store the goods in the warehouses for trading in the UAE market.
- If you choose to be a free zone company and wish to trade in the local market of the UAE, you will have to appoint a local distributor.
So, keep all these things in mind to make an informed decision. The rest of the work like registration and checking what documents you will need to submit to which authorities and departments can be easily done with the professional help of a bespoke business solution provider in Dubai.