Today’s world is globally connected. Think of a global brand or its product, and you can get it delivered to your doorstep or find it easily available in market outlets. All this has become possible because of international traders who enable buyers to purchase products from global sellers.Talking about the United Arab Emirates, the global sector of the nation has seen significant growth in recent years. The effective logistics system, its central geographic location, along with customs tax relaxation, has acted as a magnet for global traders who are using it as a launchpad for success.In 2024, starting an import-export business in Dubai stand as one of the most promising and profitable ventures.

Let us dig deep into this business: what is the hype all about, the steps one needs to follow for a successful launch, the perks of starting one, along with the costs of the necessary licenses needed. This guide will help you understand international business better in the UAE and how you could create a business for yourself.

Why to startimport export business in Dubai:

Starting an importexport business can be a strategic choice for entrepreneurs, given the ever-growing international trade sector in the nation, which is worth billions. Some of the profitable import export business ideas in Dubai include petroleum products, gold and precious metals, jewellery, auto parts, electronics, motor vehicles, etc.

There are many benefits to starting an importexport business in Dubai, including:

1. Affluent population: Dubai boasts a high per capita income, with people increasingly seeking premium brands and products from abroad.
2. Vast global reach: The ideal location of Dubai between Asia, Europe, and Africa makes access to international markets easy and efficient.
3. Rising demand for products: The demand for imports and exports is rising in the UAE, with Dubai products being highly regarded (especially in countries like US and India) while foreign products are increasingly sought after in the city.
4. Thriving economy: The UAE economy is flourishing, and being part of the importexport sector is bound to thrive as well.
5. Strong logistics support: The infrastructure and logistics system in Dubai is robust, with top-notch sea, air, and road connections facilitating smooth shipment and transit of products.
6. Huge tax savings: Reduced customs duties and taxes allow import export companies in Dubai to retain more profits.
7. Easy business setup: The process to start a business in Dubai is relatively fast and straightforward. Additionally, fewer restrictions on international trade make the importexport business more favourable.

How to start import export business in Dubai:

Here is the process for starting an international business in Dubai:

1. Decide the jurisdiction:
   First, you need to decide whether to launch the importexport business on the mainland or in a free zone in Dubai. Although both economic zones have their own benefits and regulations, the decision should solely depend on your business needs and requirements.
2. Trade name registration:
   The next step is to finalize your venture’s business name. The name must comply with UAE government regulations and only then can it be approved by the concerned authorities.
3. Decide the legal structure of your business:
   You will have to choose a legal form for your importexport business. This means deciding whether to operate as a sole proprietor, an LLC, a branch of an international company, or something else. Your choice will depend on your personal business goals, selected jurisdiction, nature and scope of business.
4. Secure initial approval for business:
   You must get a No Objection Certificate (NOC) from the Department of Economic Development (DED) before moving forward with the licensing process. This provides a green signal to proceed.
5. Acquire office space:
   For your importexport business, you will need to determine your office space, warehouse space, and other premises concerns. The type of space you will need will depend on the nature and scope of your business activities.
6. Business registration:
   After finalizing the trade name, office space and legal structure, you must register your business with the DED.
7. Apply for the trading license:
   Next, you must submit an application for the importexport business license to the relevant authority:
   1. For mainland: Submit it to the DED.
   1. For free zone: Submit it to the relevant free zone authority.
8. Registration with Dubai customs:
   All import andexport companies in UAE must register with the Customs Department of the respective emirate. In Dubai, the concerned body is Dubai Customs. You will need to submit an application along with essential documents like your trade license. Upon approval, the Customs Department will grant you an Import Export Code (IEC), which will officially authorize you to conduct importexport activities with foreign countries from the UAE.
9. Get a bank account and visas:
   Finally, you must visit a suitable bank to open an account for your venture. Additionally, you should apply for the necessary visas for yourself, your dependents, and your staff.

Where to find importers and exporters in Dubai:

For your international business, you can find suitable importers and exporters through various channels:

• Online directories like Dubai Trade
• Industry trade shows and events.
• Dubai Chamber of Commerce
• Freezone and local government authorities.
• Local business directories.
• Local agents and distributors.
• B2B platforms like Alibaba.
• Trade associations and groups.

Alternatively, you can get in touch with local business consultants as well.

Requirements for import export business in Dubai:

The following documents are needed to start an international business in Dubai:

1. Passport copy of business owner
2. Passport copy of local sponsor, if needed
3. Description of business activities
4. Trade name alternatives
5. Company’s Articles of Association
6. Copy of visit/resident visa
7. Ejari contract
8. IEC application letter
9. Any documents as asked by the authorities.

At Dubiz, we handle the legal paperwork for business setup in Dubai end-to-end ensuring your peace of mind. Feel free to contact us.

Import export business license cost:

The cost of import export business license is as follows:

• For RAKEZfreezone: AED 6,000* onwards
• For Dubai mainland: AED 12,000* onwards
• Ajman freezone: AED 5,600* onwards

Please note that costs are subject to change and will depend on your specific business requirements. Contact experts at Dubiz Business Setup to know more.

Startimport and export in UAEwith ease:

Starting an importexport business in Dubai opens doors to unlimited opportunities. However, to begin, you must be aware of the legal formalities and licensing regulations prevailing in the city. Being inexperienced can lead to difficulties, and incomplete applications may result in delays or cancellations, leaving you puzzled.

That’s why we recommend getting the expertise from Dubiz Business Setup. Our experts are ready to guide you through the processes of registration, licensing, visas, and opening a bank account with dedication and professionalism.Let us create the best import export business in Dubai. Get a free consultation today:

Call or Whatsapp us at: +971 562986853 

Mail us at: info@dubiz.co