Trade in the Arab Emirates market: the availability and profitability of this industry is ensured by high purchasing power and financial stability, well-functioning logistics and the absence of major taxes (except for 5% VAT on a number of internal operations). At the end of 2020, the country was ranked 11th in the world in terms of exports and 14th in terms of imports of goods. Among the Middle East markets, it is the undisputed leader in these indicators. The Emirates is a gateway to the Arab world and African countries, as well as a historical trade intermediary between Europe and Asia.
Main areas of trade in the United Arab Emirates
Precious metals and jewelry
Transport and smart devices
Prospects for foreign investors
Manufacturers of flour and vegetable oils, vegetables and nuts, meat, fish and dairy products really have something to offer the food market of the United Arab Emirates - the demand for these product groups is traditionally high.
According to statistics, the profitability of wholesale trade operations for these groups of goods is 7% higher than the industry average. In the retail segment, this difference exceeds 12%.
Precious stones, metals and jewelry
Prospects for foreign investors
Government support for the sector allows local jewelers to buy cheap raw materials. This stimulates the development of the jewelry industry and opens up vast opportunities for creating a new jewelry production facility or relocating an existing one.
UAE light industry facts
The retail trade sector in the United Arab Emirates gives foreign manufacturers and suppliers of clothing, footwear, and consumer goods easy access to the market and even higher profitability - 17% more than industry averages. The choice of this direction is supported by the high purchasing power of the population, a huge number of tourists who consider shopping to be an integral part of recreation, and a mass of business placement options - from a retail warehouse in a specialized textile quarter to a boutique in a prestigious shopping center.
Take full advantage of the UAE jurisdiction forthe success of your business
We will provide you with professional support in obtaining allpermits at every stage of your company incorporation. We will explain all the aspects of any business area including legal requirements, approvals and necessary documents.
Construction and finishing materials, furniture
The UAE is an ideal platform for operating a trade business
The demand for home furniture is no less high, both in the upper and in the lower price segments. The indigenous population of the Emirates, investors and top managers of foreign companies are responsible for the upper segment. Their high incomes ensure a stable demand for premium furniture. On the other hand, the level of labor migration in the UAE is quite high. People from other countries come here to work, then leave, and others come to replace them. What are the newcomers doing? Throwing away the old furnishings and purchasing new ones. Due to this, the demand for budget class furniture is also extremely high.
Landscaping and gardening materials
An additional demand for landscape materials in the wholesale sector is created by developers and builders - they are obliged to landscape and garden new city quarters, saturating them with parks and public gardens.
Private houses and villas surrounding business districts seem to compete with each other in the quantity and quality of greenery and sophistication of landscape design. Wealth allows homeowners to purchase large quantities of not only publicly available but also exclusive landscaping materials, hence the high return on sales in the retail segment.
It is not surprising that everything related to engineering, design and landscaping - trees, shrubs and flowers, planting materials, irrigation systems, improvement elements and beautification features - here automatically refers to high-demand goods. If you work in this segment, the UAE is one of the first markets you should pay attention to.
Transport, devices and equipment
In addition, the drive towards diversifying the economy and abandoning oil dependence has led to the emergence of new local industries, laboratories and research centers that are in dire need of high-quality equipment.
High standards of living is a guarantee that your business for the sale of equipment or devices, as well as vehicles, will always be in high demand.
SORP Group's many years of experience in the UAE marketis the key to the success of your trading business
Organizing theimport of goods
Registration of the importer's code, obtainingthe import permit for goods, supporting the process of customs clearance and organizing warehouse storage
Organizing theexport of goods
Certification of invoices and consignmentnotes, selection of appropriate shipping companies, completing and filing customs declarations
Obtaininga trade license
Ensuring prompt incorporation and licensing,obtaining permits through well-established interaction with government departments and familiarity with legal requirements
Passing examination in the Agency forStandardization and Metrology of the UAE (ESMA), support in laboratory testing, registration of goods
Individual consulting on the topic of logisticsand search for carriers, obtaining certificates for imported goods, customs clearance of goods
International tradebusiness optimization
Analyzing the competition, optimizingbusiness processes, developing profitable supply schemes, help in communication with partners and UAE government agencies
The global trend towards increased control over business leaves fewer legal methods to minimize the tax burden, optimize cash flows and allocate funds to accounts. To minimize the risks of having your international activity considered suspicious, illegitimate or suspended, we recommend that you comply with all legal requirements for confirming Economic Presence (ESR) in the UAE.
SORP Group solutions for efficient trading under the UAE flag
Local companyfor complex tasks
Wide possibilities for conductingtrade transactions and ease of opening accounts at UAE banks
Free Trade Zone companyfor re-export
Consolidated warehouses,zero customs duties for the import and re-export of goods.
Close cooperation with UAEbanks, knowing their procedures and assistance in passing KYC.
Tailor-made solutions to improvethe efficiency of tax optimization mechanisms and the development of tax schemes for international business
To protect against automaticexchange of tax information, we will obtain a Domicile certificate confirming your status as a tax resident of the UAE
Proof that you are conductingoperating activities at the company’s place of incorporation, and tax affiliation of operations to the UAE
The United Arab Emirates is the largest hub connecting the world's logistics and trade routes, with many opportunities for the development of international trade. However, to successfully organize a business in the Emirates, you will need the knowledge of local legislation, business traditions, and market specifics. SORP Group specialists will help you organize logistics and successfully trade in the UAE.
SORP Group will become your reliable long-termpartner in the UAE
Leading consulting group providing the full package of services for the incorporation, support and management of business in theUAE and worldwide. We have an impeccable reputation, broad capabilities and substantial assets
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).