Do you want to start an import export business from India to Dubai? If yes, you are on the right track!
Starting a business in Dubai has many benefits, and if you push it and give it your all, you will undoubtedly see results right away. Furthermore, the import-export business has been essential to Dubai’s traders. The UAE has a history of selling a wide range of goods on a global scale, including oil, diamonds, gold, automobiles, and tugboats. And if you too want to establish an import-export business here, stay with us!
This blog will walk you through everything you need t know – the goods that are imported and exported, benefits, steps, documents, and costs involved in starting an import export business from India to Dubai.
What Are the Different Types of Goods Imported and Exported in Dubai?
Goods Imported in Dubai
In Dubai, foreigners make up 90% of the workforce, and most food, construction supplies, and automobiles are imported. Below is a list of some of the goods imported into Dubai:
- Petroleum products
- Gold and Jewelry
- Furniture and fixtures
- Cotton, fabrics, and leather
- Food, Dairy products, and so on.
Goods Exported from Dubai
According to a survey, the UAE’s exports are anticipated to rise at an average annual pace of more than 6% to reach Dh1.1 trillion, or $299 billion, by 2030 as the nation diversifies its economy and takes a leading role in driving global trade movements. Below is a list of some of the goods exported from Dubai:
- Petroleum, both crude and processed
- Metals such as copper or aluminum
- Chemical products
- Electronic goods- IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, and so on.
What Are the Benefits of Starting an Import Export Business in Dubai?
Are you thinking about what motivates Indian investors and merchants to put their money into Dubai’s export-import operations? The following are some of the benefits of doing import export business from India to Dubai:
- Dubai’s trading laws are intended to promote healthy competition, protect the rights and interests of businesses and consumers, and provide a stable environment for SMEs and other companies. Furthermore, Dubai offers good tax advantages, allowing foreign traders unrestricted trade.
- The United Arab Emirates has a cooperative government and a rapidly expanding technology industry. As a result, establishing an import/export business in Dubai would be necessary.
- You won’t have trouble getting the required visas if you want to start an import/export firm in the UAE. The UAE has changed its visa policies to accommodate foreign investors.
- Dubai’s airports and seaports are located in areas with excellent connectivity to the rest of the world. This makes logistics for import and export operations more convenient.
What Is the Process of Starting an Import Export Business in Dubai?
Establishing an import export business from India to Dubai is a straightforward process. Following is a brief overview of the same:
1. Choose Your Business Name
Dubai has stringent rules regarding business names. As a result, it is essential to be well-versed in the applicable laws and regulations.
It is critical to avoid using words that may offend members of the UAE community. Furthermore, you must confirm that the name is available when registering it. Also, avoid using names that are similar to those of existing businesses. But that’s not all. There are other rules about naming your business. Thus it is advisable to get assistance from experts like UAE Expansion India branch professionals to avoid mistakes.
2. Decide Your Company Structure
Choosing an appropriate company structure is essential in starting an import-export business. You can choose from various business structures, such as a sole proprietorship, an LLC of a foreign company, or a foreign company’s branch office.
3. Choose Company Location
In Dubai, you can open a business on the mainland or in numerous free zones. Once you’ve chosen the location, pick an office space based on the size of your business, the amenities you’ll need, and your budget. Take into account any other needs, such as a warehouse or transportation.
4. Apply for a License
All businesses in Dubai require a valid license issued by the authorities. You can apply directly to the DED (Department of Economic Development) or the municipality of your chosen area if you want to start a business on the mainland. Furthermore, if you’re going to trade a highly regulated good, you may need to obtain additional permits from other relevant authorities.
Thus, to make the licensing process more manageable, you can seek advice from a business consultant expert.
5. Get Your License
You will be able to get your license once you have fulfilled all the prerequisites. There are additional provisions. As a result, you can get help from the UAE Expansion India branch staff with bank accounts, other expenses, and visa eligibility.
What Are the Documents Required to Start an Export Import Business in Dubai?
Before starting the application process for an India to Dubai export business, ensure you have all the required paperwork. You must submit the following documents:
- Copies of passports and visas
- Two passport-size photographs
- Entry visa and stamp pages
Additional documentation may be required depending on the firm structure, the goods to be imported or exported, the chosen location, and more. The experts at the UAE Expansion India branch can provide you with a detailed list of required documents.
What Is the Cost of Starting an Import Export Business in Dubai?
Exporting goods and services in Dubai is now simple. Starting an import export business from India to Dubai will cost roughly AED 20,000 to AED 30,000.
However, it’s important to remember that several factors impact the final cost of starting an import-export business. These factors may add to the costs. Thus, it’s advisable to have an expert opinion. UAE Expansion India branch professionals will break down the final cost for you and ensure you don’t pay a penny more than what’s required.
Start Your Export Import Business Business With UAE Expansion
Dubai is one of the biggest export centers in the world. As such, establishing an import-export business here can prove to be highly profitable. Not to forget the conducive trade environment that can help you expand and grow exponentially.
Now, although the process looks easy, there are a few more details that you must know. Moreover, it’s best to seek expert assistance from experts like the UAE Expansion India branch professionals to avoid mishaps.
Our knowledgeable and experienced professional will walk you through the process and help you at each step. Furthermore, we will take care of all the preliminary paperwork, visas, bank accounts, and other relevant tasks. All you have to do is contact us!