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How to Start an Export Business From India to Dubai?
Are you looking to grow your export business in order to benefit from Dubai’s rising global economy and global businesses?
Dubai has positioned itself as a re-export business center for international trade and has structured itself as an economic hub for East-meets-West corporate activity.
This post will examine the following if you’ve been thinking about how to launch an export business from India to Dubai:
- Benefits of exporting to the UAE and Dubai
- How to launch an export company from India to Dubai
- the paperwork needed to launch an export operation from India to Dubai
- What can I export to Dubai from India?
- Employing business trade license
Why is it a good idea to sell goods in Dubai and the UAE?
Dubai has become one of the fastest-growing economic hubs in the world and an exciting place for tourists and travelers to visit. More than 90% of its people are foreigners, and they all enjoy a high standard of living thanks to the UAE’s business-friendly and tax-free environment.
The United Arab Emirates has world-class roads, airports, and seaports that make it easy to do business and trade.
We’ve already talked about how Dubai’s perfect East-meets-West location makes it a leader in the re-exports business as a hub and an ideal way to get into the UAE and Middle East markets.
To take advantage of Dubai’s growing economy, just call the company formation experts at Biztrack and ask them to help you start an import-export business.
We’ll help you with your import-export license, documents like your approved export declaration certificate, the customs office, and department, opening a bank account for your business, registering, getting your visa stamped, and more.
How to start a business that sells goods from India to Dubai
All companies that do business in Dubai have to follow rules about how to set up their business, get a business license, name their company, do business, and more. This section will show you how to start a business that exports from India to Dubai.
1. Work with a Biztrack
To start an import-export business in Dubai, the first step is to become a partner with the Biztrack.
Our professional services will take care of everything related to your import-export business license so that your import-export business can trade legally, including company registration and setting up.
We will also tell you what Dubai Customs documents you need from this government agency and get approvals from outside parties on your behalf.
2: Pick a business name
Biztrack will help you choose a company name and register it with the Registry Office of the UAE.
You can use your name in the company’s trade name, but you must use it in full and not just your last name or initials.
The business name must follow the rules for business names in the UAE. For example, a business name can’t use offensive or profane language or mention Allah or Islam.
3: Decide what kind of business you want to run.
For your Dubai import-export business license, you must describe what you do in your import-export business.
Your import business license lets you do a number of things that Dubai’s Department of Economic Development (DED) has set out as appropriate for this type of business and company.
If you don’t list all of your business activities, you could be fined. It is best to partner with a company formation expert such as Biztrack to align your license application and business activities.
4: Define the company’s legal structure
In Dubai, you need an import-export business license for every type of import-export business. The UAE government’s legal necessities for this type of company structure require a local sponsor to partner with a foreign entrepreneur or investor.
The local sponsor must be a citizen of the United Arab Emirates and own at least 51 percent of the company’s shares.
When doing business in UAE customs territory, owners of export-import businesses must apply for a Commercial License and register their business as a Limited Liability Company (LLC).
As defined by the legal necessities of the Dubai Customs agency, company structure laws stipulate that foreign entrepreneurs and investors need to apply for their business license from the Dubai Department of Economic Development (DED).
Once these companies have got their trade licenses, they must register as an import-export business with Dubai Customs before trading legally.
Recent changes to business laws in the UAE have made it easier to start an export-import business in Dubai.
However, if you are unsure of any steps, seek expert advice from the Biztrack to help you successfully obtain your import and export business license in Dubai.
5: Apply for the first approval to do business with imports and exports
To do business in the local market with an export and import permit and trading license, you must apply for initial approval from Dubai’s DED.
This initial approval signifies that Dubai’s government authorities have no objections to your export and import license. This is not the same as a temporary export permit, which is something that needs to be said.
6: Preparing documents required
To proceed with the export and import license application process, all partners, shareholders and the company’s local sponsor must sign the company’s Memorandum of Association (MOA) or Local Service Agent Agreement (LSA) documents at the DED.
7: Choose a business location
All import-export license holders must rent a business location. The rental agreement/tenancy contract must be provided with the other documents required for the import-export license application.
Dubai has a world-class infrastructure, with business locations in prime zones that are close to each other. This makes transportation and logistics for businesses that import and export goods easier.
Finding a business location is easy; choosing which one is best suited to your company’s needs requires the help of experts.
Biztrack can guide you in selecting ideal offices and logistics spaces for your business.
8: Registering with Dubai Customs
Once the DED has notified you of your successful import-export license and paid for the trading license, you must register your business with Dubai Customs.
This step will get your business its unique Customs Code, allocated to export-import business entities.
This Customs Code must be supplied with each import and export activity.
You know low-cost business setup in Dubai is easy if you work with a team of experts like Biztrack. Starting an import-export business in Dubai can be hard because of how to get a license, how to set up the business, how to handle the documents needed, and how to get visas.
When you work with the best business setup consultant in Dubai, UAE, they’ll help you avoid delays or rejections that aren’t necessary and speed up the whole process.
Biztrack’s company formation experts can get started once you give us some basic paperwork and some information about your import-export business and business activities.
Then you can relax and let our team handle the rest. We’ll take care of your business license and visa applications, talk to all local departments and authorities, and let you know when you’re ready to trade. It’s really that easy.