In the UAE you can find products from all over the world, thousands of enterprises and industries and the optimal geographic location between East and West. In addition to completely tax-free export operations, the state guarantees the support of banks and the protection of foreign investors, ample opportunities for entering international markets and for scaling your trading business.
Main UAE exports
A sought-after product group in theactively developing GCC countries
Precious stones andmetals
13% of all exports fall into this productgroup
The total volume of exports in thiscategory increased by 31% over 5 years
10.1% of all export operations are in aluminum and alloys
Including equipment and spare parts, this category accounts for 7.5% of exports
UAE ranks third in the world by volume of apparel and textile exports
Benefits of exporting and re-exporting from theUAE
SORP Group specialists will help you develop and launch a concept for conducting export and re-export operations from the UAE. They will leverage the legislative framework and agreements regarding Free Trade Zones and the Common Customs Space of the Gulf States. SORP will provide full support for your business including helping with mandatory licensing procedures.
Jurisdiction of incorporation for UAE export activities
Free Zone companyincorporation
A tool for conducting international activities. Itoffers the possibility of renting a warehouse only in the place of incorporation, with some visa and territorial restrictions. They vary in license types and infrastructure.
- It gives companies the right to conduct business only in the territory of the incorporation zone and abroad.
- The UAE FTZs differ in the types of licenses and formal business incorporation procedures.
- Full 100% foreign ownership is permitted without the need to involve a local partner.
Banks have their own internal rating of each of the UAE zones, which they use to determine the overall reliability of companies registered there. Choosing a good zone can significantly ease opening bank accounts. Customers and suppliers also pay special attention to the jurisdiction of incorporation. Therefore, if you are depending on the support of banks to carry out settlement operations, you should pay special attention to premium FTZs or open a business in the Mainland.
SORP expert solutions for exporting products from the UAE
We will identify a suitable businesslicense, then select the best legal entity type for your activities
Fast incorporation through ourclose collaboration with the state licensing authorities
Outsourcing of corebusiness processes
Administrative, tax, accounting,legal and PRO support by SORP Group experts 24/7
Rent space in our SORP businesscenter for office accommodation and fast licensing procedures.
We steer you through passingthe KYC procedures of banks using our close cooperation
Local partneror agent
Nominee service from SORPInvestment LLC protected by waiver of rights in the court.
To start a re-export business here you need to understand and comply with the requirements of Economic Substance in the UAE. SORP solutions provide you with all the resources and guidance you need. That includes proof that where the company was incorporated is where business operations occur, that you have a confirmed management and decision-making center in the UAE, and that your operations are formally affiliated to the UAE tax system.
UAE is an ideal platform for exporting activities
HSBC estimates that, on average, total merchandise exports from the UAE will grow by about 8% yearly in value terms between 2021 and 2030. By 2030, the goods of the non-oil sectors will account for more than 70% of total exports.
The World Bank recently ranked the UAE as the 26th easiest country to do business in and 5th for international trade. The country has a wide foreign trade network covering over 220 countries and offering markets for a diverse portfolio of goods and services.
The UAE is the 3rd largest export and re-export center in the world after Hong Kong and Singapore. A vast volume of cargo from different countries transits through the air and sea ports of the UAE. Due to the country’s exceptionally favorable location, cargo flows come from the EU, India, China, the countries of the Middle East and North Africa.
Modern logistics solutions
The UAE has the best transport infrastructure in the Middle East and ranks 11th in the world in terms of logistics efficiency. An innovative project has started in Dubai, building a framework that will include a network to support unmanned cargo transportation with ground infrastructure, drone ports, loading bays and service stations.
International Trade Hub
The country has a wide foreign trade network covering more than 220 countries. In addition to the Customs Union with the 5 other GCC countries, the UAE is included in the GAFTA list of 18 countries according to the Agadir Agreement. This permits customs-free and duty-free trade across the entire zone.
SORP is your reliable partner in the UAE
SORP offers comprehensive support for acquired companies and their shareholders: from licensing, maintaining Bank accounts to obtaining the status of a tax resident of the country
Your requirements are unique. That is why we treat every business individually to tailor the right services to achieve your priorities.
15 years of successful work
We have helped thousands of clients acquire, build and develop businesses in the UAE
Assistance in choosing a bank that is suitable for your purposes, support with bank accounts opening and passing KYC procedures (know your customer).
Learn how to organize profitable exports
SORP Group specialists will help you determine the ideal development strategy and choose the optimal place of incorporation and form of legal entity.
Take the first step today towards creating your business in the UAE!