Establishment of an import and export company in the UAE
Establishment of an import and export company in the UAE:
The UAE's position as a strategic route for diversified free trade has emerged until it has become a commercial environment full of opportunities, not to mention the natural gifts it enjoys, the state has provided many services to investors to support their activities, and one of the most important advantages of establishing an import and export company in the UAE is:
A reduced tax system to support all business activities regardless of the nationality of the investor or the legal form of the enterprise.
It includes some of the best and most mobile airports and ports in the world such as Sharjah Airport and Jebel Ali Port.
Reduced duties of up to 0% on import, export and re-export traffic to support entrepreneurs.
Less value proposition than VAT, federal taxes on corporations and corporate branches.
Developed infrastructure both in terms of flexible digital system and transport schemes inside and outside the country and others.
In addition, investors have multiple options, which ensures that they have more flexibility in choosing the right alternatives, whether at the company's site, in choosing the legal structure or in choosing the right activities to start the business.
How to get an import and export license?
We mentioned in the previous paragraphs that the establishment of an import and export company in the UAE requires obtaining an import and export license, and because the process of obtaining the license requires a few additional steps that we decided to clarify in a separate paragraph to learn how to obtain an import and export license from the UAE in detail.
Documents required to obtain an import and export license:
List of businesses.
Approval of the trade name by the Department of Development.
A copy of the passport of all founders.
A copy of the entry stamp or visa page.
A copy of the UAE residence visa.
A copy of the passport and identity card of the local sponsor.
Steps to obtain an import and export license from the UAE:
Apply for an import and export license to the Department of Economic Development.
Attach the aforementioned documents to the application, in addition to the duly notarized memorandum of association.
Obtain preliminary approval and additional approvals according to the recommendations of the Department of Economic Development.
Pay the fees due, and then issue the license either through the service centers or electronically.
Cost of Import and Export License in UAE:
The cost of an import and export license in the UAE varies from region to region, as well as depends on what business activities you wish to engage in when setting up an import and export company in the UAE, for example, the cost of an import and export license in Dubai and Sharjah starts from AED 24,000, while the cost in Ras Al Khaimah drops to start from AED 20,000.
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