Trading in the UAE - Advantages

Trading business in the UAE is a dynamic and promising field that offers great opportunities for both experienced and novice entrepreneurs to quickly enter the country's market. Modern, chic shopping malls, a variety of product groups and first-class service levels attract millions of shoppers from all over the world, creating an ideal platform for trade.

In this article, we will tell you about the prospects of registering a trading company in the UAE and which goods are currently in greatest demand.

Trading in the UAE market

The United Arab Emirates is the largest trade and logistics hub with a promising market. This status is due to its favorable geographical location, high level of economic stability, safe business environment, developed logistics infrastructure, and much more.

The population's high standard of living ensures high purchasing power. As a result, the Emirates market is experiencing growing demand not only for everyday goods, but also for exclusive, expensive products.

Due to the fact that the country's economy is largely dependent on imports, the government is creating all the conditions to attract foreign investors who want to open a business in the field of trade in the UAE. This creates a favorable climate for entrepreneurs and allows them not only to stay afloat, but also to expand their activities.

Opportunities for Entrepreneurs Starting a Trading Business in the UAE?

Businessmen who wish to trade their business in the Emirates can engage in the following activities.

Export and re-export

• Opportunity to reclaim 5% tax previously paid on imported goods on re-export;
• Access to markets;
• Established logistical links with other countries;
• Absence of export tax;
• Minimization of bureaucratic delays.

Import

• Ease and efficiency of customs clearance;
• High demand for imported goods in the UAE market;
• Tax benefits;
• Common customs area with the countries of the Cooperation Council for the Arab States of the Persian Gulf.

Trading under the Emirates flag.

• Access to international markets;
• Ability to freely withdraw capital;
• Opportunity to increase profits.

Advantages of doing business in the UAE

The United Arab Emirates is attractive for business due to its low tax burden and lack of restrictions on the types of activities. Other advantages of doing business in the country include

1. Geographical location. The UAE is located at a key point on the world map, providing easy access to markets in Asia, Europe and Africa, making it a hub for international trade.
2. Favorable Investment Conditions. The stability of the political and economic environment, the absence of taxes (except for 5% VAT and 9% profit tax) and restrictions on profit repatriation make the UAE an attractive place to invest and do business.
3. Developed infrastructure. The UAE offers convenient conditions for trade and logistics thanks to its constantly upgraded infrastructure, including ports, airports and transportation networks.
4. Multilingual and Multicultural Environment. The Emirates attract highly skilled professionals from around the world, creating a multilingual and multicultural workforce that offers the opportunity to build an international team and expand business relationships.
5. Standard of Living. The high standard of living and stable social environment create a high demand for goods in the domestic market.
6. Convenience of starting a business. The process of company registration is carried out with minimal bureaucratic delays, which contributes to the rapid start of operations and business development.
7. State protection. All conditions for healthy competition have been created in the UAE, providing equal opportunities for both local and foreign entrepreneurs.

Trade in the Emirates: promising niches

The high standard of living and consumer culture make the Emirates a promising market for the sale of various goods:

• Food products. As many food industries cannot fully develop due to climatic conditions, there is a high demand for imported food products: vegetable oils, vegetables, fish, meat and dairy products.
• Luxury goods: jewelry, precious metals, fashionable clothing, household goods. Due to a consumer culture in which luxury, elegance and first-class quality play an important role, premium goods are perceived as part of the population's lifestyle.
• High-tech goods. The Emirates is a center of innovation, so the constant demand for modern technology and gadgets opens up opportunities for successful trade in this area.
• Light industrial goods. The UAE ranks third in the world in textile exports, providing exporters with high returns.
• Construction materials. The Emirates is one of the centers of international real estate, so the demand for building materials for the construction of residential and commercial projects is constantly growing.
• The United Arab Emirates has been and continues to be an attractive marketplace for trading companies, offering ample opportunities for growth and success on an international scale. If you want to enter the UAE market quickly, contact us. StableGrowz will take care of all the hassles of setting up a business, helping you to minimize risks and allocate resources properly.

What is required to organize trading in the UAE?

Before you start trading in the UAE, you need to consider a number of important legal aspects:

1. When registering a company in a free zone, it is only possible to trade within the zone. When opening a company on the mainland - on the territory of the whole country.
2. A license to trade in the UAE is a prerequisite for all entrepreneurs. You can only sell goods that are licensed for trading.
3. Goods imported into the UAE must be accompanied by certificates and import permits.
4. Some imported goods are subject to mandatory inspection.
5. To conduct business in the UAE, it is necessary to open a business bank account in one of the local banks.
6. Before trading, it is necessary to consider the availability of storage facilities, the logistics chain, and to find responsible and reliable partners.

Complying with local laws and regulations and adapting to the Emirati business environment provide excellent opportunities for successful business development.

Contacts

United Arab Emirates, Dubai, Barsha Heights, I-Rise Tower, 29th Floor, Office 5