Import Export Business License in Dubai

Dubai has become a well-known logistic hub due to the multitude of benefits offered. From its strategic location to a business-friendly environment, entrepreneurs and international investors are drawn to setup an import and export business in Dubai. Navigating the local laws and regulations is necessary for a smooth company registration experience. Obtaining an import and export license in Dubai is essential for conducting trading activities. In this article, we will learn about the benefits, legalities, and other necessary details for establishing a Dubai import-export company successfully.

Why Dubai for Conducting Import and Export Business?

Several reports and data portray Dubai has a stronghold over importing and exporting worldwide. Here are some reasons why the Emirate has emerged as a favourite trading hub among entrepreneurs:

1. Strategic Location

Dubai provides easy access to the MENA region, connecting you with a vast network of traders. Additionally, access to modern airports and infrastructure helps streamline the import-export process.

2. Easy Accessibility and Government Support

The Dubai government has established e-services to streamline tasks and improve efficiency. An online platform called ‘Dubai Trade’ was set up by the authorities to act as a one-stop shop for all import-export processes.

3. Free Trade Agreements (FTA)

Free Trade Agreements (FTAs) allow the import and export of various goods and facilitate commercial ties with countries. The United Arab Emirates (UAE) has signed FTAs with over 70 countries, making it the ideal hub to set up your import-export business.

4. Business-Friendly Environment

Dubai has focused on increasing business investment and promoting entrepreneurial development by creating a business-friendly environment. Offering tax breaks, ensuring streamlined regulations, and establishing multiple free trade zones make Dubai the ideal destination for an import and export business.

How to Obtain an Import and Export License in Dubai?

You must obtain ageneral trading license to conduct business operations for a Dubai-based import-export company. Let us look at the steps in detail:

1. Register Business Name

Select a valid Dubai trade name and submit it to the authorities at the Department of Economic Development (DED), Dubai, for review. On approval, you can obtain the trade name certificate.

2. Choose Business Structure

Select a legal business entity for the business after analysing the pros and cons. Common business structures include Limited Liability Company (LLC), branch office, sole proprietorship and partnership.

3. Get Initial Approval

Apply for initial approval from DED for the business establishment by submitting the requisite documents, such as the notorised Memorandum of Association (MoA).

4. Rent an Office Space

Obtain the rental agreement or tenancy contract by availing an office space in Dubai. It proves the business's physical presence and helps avail the business license.

5. Obtain Additional Approvals

Apply for any additional approvals and permits from the relevant authorities. This depends entirely on the chosen trading activities.

6. Pay Requisite Fees

Once all the steps mentioned above are completed, you must pay the Dubai import export license fees in person at the service centres of DED or through the Dubai Trade platform and collect the trade license.

Note: Non-GCC residents require a local agent and must sign a Local Service Agent Agreement.

Documents Needed to Obtain Import and Export License in Dubai

The documents which must be submitted when applying for the license include:

• Import Code.
• Copy of Lease agreement.
• Copy of trade Name Certificate.
• Copy of Emirates ID (if applicable).
• Copies of business registration documents.
• Passport copies of company owners/directors.
• Memorandum of Association (MoA) and Articles of Association (AoA).
• Copy of the entry stamp on the visa page if the partner travels on a visit visa.

Factors to Keep in Mind While Conducting Trading Activities

You must follow specific regulations when you engage in import and export activities in Dubai. Here are a few factors to keep in mind.

For Export

1. Having the export declaration certificate is mandatory during customs checks at the airport.
2. Obtaining a permit from the customs office or concerned authority if the exported goods fall under the restricted list.
3. Always address an invoice to the receiving company outside the UAE, providing information regarding the value of each item, quantity and description of goods.

For Import

1. Get cargo clearance, submit the Bill of Lading, and clear the dues 3 to 4 days before the vessel arrives.
2. Submit the import declaration form online and make the necessary payments to receive the customs import declaration certificate.
3. Ensure the importer has a detailed document containing information like the weight of each product, the quantity of goods, packaging details, and the Harmonised System (HS) code for all the items.
4. You must obtain an import permit from the appropriate authorities to import restricted goods.
5. Avail the certificate of origin approved by the Chamber of Commerce in the export country to import goods.

Why Commitbiz LLC?

Navigating local laws and regulations is crucial for a successful business setup in Dubai. You need a proper business plan, navigate the legalities, and identify potential markets to establish a thriving import and export business.Commitbiz LLC has experts who can handle all back-end tasks and help you accomplish your business goals. We provide comprehensive packages to remove the need for multiple services to turn your business dreams into reality.