Export Business Opportunities in Dubai

Business Opportunities in Dubai

Dubai’s strategic location and access to a dynamic port make the export business lucrative. The dynamic market further adds to the reasons why you must invest in an export business in Dubai. Company formation in Dubai in the export sector will help you gain access to an evergreen market of goods and services ranging from luxurious brands to automobiles. In this blog, we will delve into the details about why you should consider business setup in Dubai focussing on the export sector. 

Why Start an Export Business in Dubai?

Dubai acts as a simulator for the rise of business in the UAE due to its strategic location, access to a vibrant market and infrastructure support of world-class ports. The following reasons will help you understand why you should consider setting up a business in Dubai.

  • Implementation of micro-strategies by the UAE administration encouraging business development
  • Strategic location having access to the versatile markets in the MENA region
  • High investment provides competitive tax advantages
  • Access to a dynamic port

These, accompanied by many other reasons, make company formation in Dubai dealing with export business beneficial.

What are the Major Export Businesses Opportunities in Dubai?

Dubai is home to a lively market supported by a strong currency. A variety of sectors such as electronics, luxury products, automobiles, art and building materials are excellent fields for setting up a business. Here, we will discuss the major sectors that thrive in the export business in Dubai. 

  1. Art Export

Dubai is undergoing a major cultural resurgence, fuelled by international art galas, galleries and events of cultural importance. If you are looking for company formation in Dubai focussing on the art sector, you can consider a variety of art such as 

  • Antiques
  • Sculptures
  • Cultural artefacts
  • Ceramics and Pottery
  • Artworks of cultural importance
  • Digital art depicting major events

Getting in touch with gallery owners and local artists will help you lay a strong foundation for your business. 

  1. Electronics and Technology

The technology sector in Dubai is growing at a steadfast pace. The tech-savvy global population constantly seeking novel electronic appliances can be a strong customer base for your business. You can utilise Dubai's favourable tax incentives to start a tech-based export business that is assured excellent growth. Exporting commodities such as smartphones, tablets, televisions, and smart home devices can be profitable for your business. 

  1. Automobile and Automobile Parts Export

Dubai is located at the heart of the MENA (Middle East and North Africa) region which makes it convenient to sell auto-products. The growing automotive sector has a high demand for new cars and post-production items. Capitalising on the supply chain, you can begin a business that has a promising future in this sector. Dubai’s automobile sector is supported by a strong policy of encouraging domestic-built vehicles. Exporting these vehicles such as cars, trucks and SUVs that are in high demand worldwide can reap monetary benefits for your business.

  1. Luxury Goods Trading

Dubai is known as the heartland of global luxury products. A wide range of fashion expos, gold and diamond exhibitions and the selling of wealthy goods are common phenomena here. Capitalising on these, you can set up an export business focusing on the export of luxury watches, perfumes, clothes, jewellery and other accessories that are in high demand due to the quality stamp on products of Dubai. 

  1. Beauty and Cosmetics Products

The Beauty and Cosmetics sector is very beneficial for company formation in Dubai because of the quality of products and the innovative strategies that are deployed for cosmetic production. Exporting these products to other countries that see an acute rise in demand will be beneficial for your business. Collaborating with local popularizers, salons and cosmetic retailers is imperative and can help you export quality products at competitive prices. 

DAFZA is a popular choice for setting up an export business in Dubai due to its proximity to the airport and port. You can consider DAFZA for your company formation as well. 

These are a few of the trending business sectors that are suitable for setting up a business in Dubai dealing with exports. Ensuring that you take advantage of the quality stamp on consumer minds about products coming from Dubai can take your business to new heights. 

In order to understand the process of business setup in Dubai and begin your own export business, you can reach out to our consultants at Business Setup Worldwide today. You are assured of a timely response and a solution to even your minor queries.

FAQs

Who issues the license for import-export business in Dubai mainland?

The Department of Economic Development issues licenses for the import-export business in Dubai.

Whether import-export code required along with the license for trading?

Yes

What are the steps required for getting the import-export license?

The steps required for getting import-export licenses are,

Select your business activity from the DED's list of option
Choose a legal structure for your company
Choose a trading name and receive DED approval for it
Request DED's preliminary permission
Prepare the MOA or LSA Agreement and sign it

Is the import-export business profitable in Dubai?

Yes

What is Dubai famous for exporting?

Dubai is famous for exporting natural gas and crude oil.

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