Dubai has a particularly advantageous strategic geographic location and serves as an important commercial centre connecting Africa, the Middle East, and East Asian economic and logistic networks. Moreover, the UAE's economy has grown as it has shifted away from reliance on oil and gas income and toward greater use of shipping, transportation, and logistics.
While coming to the trading perspective, there had been various formalities regarding the import business in Dubai. This is where an agent comes in. An agent would provide ample details to make the process easier for entrepreneurs and investors.
Benefits of Importing Things to Dubai
When individuals talk about importing in the form of trade, they refer to the purchase of goods or services from another nation. The importing company or individual then sells these commodities or services to customers, increasing their purchasing possibilities.
However, this is not the only advantage of importing; there are other more to consider.
Here are a few examples.
- Market introduction of new items
- Cost-cutting measures
- Developing become an industry leader by offering high-quality products
What do People in Dubai Import?
In Dubai, typically imported products include machinery, food, chemicals, and transportation equipment. In addition, Dubai imports Chinese textiles, metals, Indian cotton, fabrics, machines, instruments, and plastics.
Jewellery and gold are two of the most essential imported items in Dubai. Import partners include the United States, Japan, and ermany.
Other imported commodities in the UAE include electronic equipment, precious metals, furniture and fixtures, inorganic chemicals, footwear, minerals, apparel, leather, engines, ceramic products, alcoholic drinks, and dairy products.
How can Importers in Dubai Become Market Leaders?
Everyone wants to be a leader, right?
Can everyone be in the same position place at all times?
No, not at all. Each person's leadership style differs in how they do business.
Read the blog to learn about an importer's leadership qualities.
One of the primary advantages of importing items is that the sector becomes more popular.
Because developing new and better items is a never-ending process, many firms worldwide take advantage of the opportunity to import nique and distinctive products before their competitors.
Why did the Business People Seek the Advice of Professionals?
Investors and entrepreneurs choose agents to start an import business for the following reasons:
- Lowering the expenses of selling and distributing
- Knowledge and Special Skills
- Increased representation
- Local market knowledge
- Customer preference
The facts mentioned above are only a few things about import-exports agents in Dubai. Meanwhile, choosing an established business consultancy is wise for companies or entrepreneurs who want to start and grow their businesses in Dubai.
Steps to Open an Import Company with the Help of Business Consultants
Business consultants are the ones who guide you in setting your business in the convenient location you desire for. Therefore, seeking the advice of the experts would make a time-saving process. Also, it helps you to complete the process quickly and straightforwardly.
Below are the few steps one should consider before starting an import business in Dubai
The entrepreneur should select the appropriate import activity. Following the selection of the business activity, the business specialists would assist them in determining if the intended action could proceed or not.
Choose an Appropriate Trade Name
Choosing a specific trade name is required for any business. You can select roughly three words and submit them for approval.
The business expert can assist you in determining whether the trade name is appropriate for your company. If it does not apply, the Department of Economic Development may cancel your proposal.
In addition to that, one should know the norms of choosing a name for Dubai's import or export business.
Find a Suitable Location
While starting a business, it's a pretty standard thing that one must find a suitable location depending upon your business.
If you need any suggestions regarding choosing any strategic location, you can directly seek assistance from professional experts. One of the extensive consulting services is Business Set up Worldwide.
Also, you can select mainland, freezone or offshore, depending upon the needs of your business.
It provides many services to business people and investors who wish to start a business in Dubai.
Moreover, it is good to start a business in the Dubai Free zones because of the various opportunities it provides.
Obtain a Trade License
To import your goods, you must first get a general trade licence.
To obtain the licence, you must submit the necessary documentation to the Department of Economic Development.
You may hire a company expert who is a specialist in this industry to make the complete licencing procedure more accessible and save you time.
Once you have dealt with your experienced specialists, you should have the licence within two to three working days.
Furthermore, both imports and export require the same general trading licence. Therefore, if you think you are proceeding with opening the company, you can read the blog about import and export licences in Dubai.
You should select visas for yourself and your staff based on the nature of your firm.
If you want to understand more, you may look into visa services in Dubai.
Obtaining a visa is not an easy procedure. Only with the aid of the business will you be able to get the appropriate visa for you and your business employees.
I believe the preceding article provided sufficient information regarding starting an import business in Dubai. Furthermore, you have a clear framework of the responsibilities and how a business consultant might assist you.
If you are happy with this blog, you may contact us if you need any professional assistance. We take great delight and joy in guiding entrepreneurs and investors.
1. What are the documents required to obtain an import-export license?
The documents needed to get an import-export license are,
- Trade name options
- Business activity
- Passport copies of all the shareholders
Copy of an entry stamp or visa page if the partner is on a visit visa
2. What are Dubai customs?
Dubai Customs is a significant government department involved in importing and exporting goods.
3. Who issues the general trading license in Dubai?
The Department of Economic Development issues a general trading license in Dubai.
4. What are the main routes for importing goods into the UAE?
The main routes of importing goods into the UAE are air, sea and road.
5. What are the things that need special permission for importing?
The things required special permission for imports such as:
- Pharmaceutical products and medical/surgical instruments, and machines
- Weapons and military equipment
- Print materials, publications and media product
- Alcoholic beverages