The United Arab Emirates is the largest hub connecting the world's logistics and trade routes, with opportunities for developing international trade. However, to successfully organize a business in the Emirates, you need expert knowledge of local legislation, business traditions, and market specifics. SORP Group specialists, in collaboration with the professionals of the Svoi Lyudi import-export group of companies, will help you to successfully organize logistics and conduct trade operations in the UAE.
The UAE’s biggest import categories
A popular product group in the activelydeveloping GCC countries
Precious stones andmetals
This product group accounts for 13% of allimports
The total volume of imports showed anincrease of 31% over 5 years
The UAE ranks 21st in the world in termsof food imports to the country
Smart devices andsoftware
7.5%: share of equipment and softwareimports to the UAE
The UAE is the 3rd largest importer of textileproducts in the world
Total commodity imports in value terms
Of the total volume of export operations
For by non-oil group products by 2030
Key steps and stages of entering the ArabEmirates market
Analysis of the market, competitive environment and market trends
Deciding where to incorporate
Analysis of UAE legislation relevant to your business area
Registering and licensing your business
Obtaining an import permit
Marketing and promotion
Organizing and managing the business
Business Analysis — the first step for entering the UAE market 1
Unique solutions at the intersection ofacademia and business practice to realize your profitable ideas
Simulation and resolution of existingbusiness problems for entrepreneurs and managers based on best practices
Customers from allover the world
Scale your business based on the uniquecapabilities of the Emirates and maximize retained profits
Determining the geography of the businessactivity and choosing where to incorporate
- Some business licenses need to be incorporated in the form of LLC with a local partner 51% (possibly on a nominee basis with the registration of a waiver of the share ownership in the Dubai court).
- In a professional company (SE or CC), a contract is signed with a local agent. The agent is not a shareholder.
- Freely conduct trade and services, or manufacturing in the domestic market and abroad.
- Simplified visa procedures for shareholders and employees. Obtaining the status of a tax resident provides UAE banks with confidence.
- 100% foreign ownership permitted. Ideal for conducting international operations, while there are a number of restrictions on activities in UAE market.
- Free international trade, export and re-export, wholesale trade in the UAE through intermediaries or distributors.
- Execution of works and rendering services within the Free Trade Zone and in international markets without restrictions.
- Resident visas available for shareholders and employees. Proving economic presence (economic substance) in the UAE is a requirement.
Analysis of UAE legislation: key points3
Regulate the conduct of business onthe mainland
Regulate the conduct of businessin Free Trade Zones
Govern Intellectual Property(IP) Rights
Determine EconomicSubstance Requirements (ESR)
Business incorporation and licensing: stages 4and process
The Emirates adheres to international standards for the protection of intellectual property rights, having signed all major agreements:the Berne Convention, the TRIPS Agreement (on Trade-related Aspects of Intellectual Property rights), the Paris Convention for the Protection of Industrial Property, the Patent Cooperation Treaty, the WTO Agreement on the Protection of Intellectual Property, and individual agreements with a number of countries.
Regulated by Law No. 37 of 1992
"On the Regulation of the Use and Registration of Trademarks”
Specialized agencies can submit additional requirements for the marking of goodsor check compliance with the registration class (45 types)
The applicant must have an active business in the United Arab Emirates, usually for a periodof at least 6 months
The trademark must be verified for uniqueness before the applicationfor registration is submitted
Terms of registration
Registration period: up to 14 months
Obtaining an import permit6
A company must first be incorporatedand an importer’s code obtained
Registration in the Tax Refund systemand with the Federal Tax Authority.
The correct documents must be carefullyprepared, assembled and submitted
Payment of customs and port fees andfilling in the customs declaration.
Permission to import controlledgoods
After the company is registered, it isnecessary to obtain an import permit
Permit for the activities of theimporting company
Registration of the company with theauthorities to obtain an import permit.
Delivery of goods tothe port/airport
Customs clearance with the help of acustoms broker.
A number of product types are subject toinspection and tests upon arrival.
Release of goods from the port anddelivery to the importer's warehouse.
Marketing and promotion7
Supply management and first steps8
Legal Support and PRO business servicesLearn more
A comprehensive set of solutions for legal and public relations support
Comprehensive management of the supply and sale of goods in the UAELearn more
Solutions to promote your products in the Emirates market
Integrated business support streamsLearn more
Administrative and accounting support solutions
The UAE is a jurisdiction with transparent legislation and the most favorable environment for doing business. However, the legal landscape and business practices of the country have their own subtleties and peculiarities, which can be difficult to understand on your own. SORP Group and the Svoi Lyudi group of import-export companies will provide comprehensive support to your business in the UAE, taking care of all the requirements of local legislation.
Your reliable long-term partners 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).
Ensure success for setting upyour UAE business and ongoing support
Contact us today and get a comprehensive solution to achieve your objectives!