The United Arab Emirates is a low-tax jurisdiction with a high level of economic stability and security. Its high-quality infrastructure and promising sales market provide unique and exciting opportunities to develop a trading business. At the same time, achieving success requires a sound understanding of local laws and market traditions. SORP provides this. We will help shape a successful business model and ensure its implementation.
Opportunities that you find when incorporating a trading business in the UAE
High dependence on imports means strong demand, backed by a well-developed infrastructure and minimal customs burden
Ample sales markets across the 6 GCC countries, ultra-modern logistics solutions and the state’s preferential tax policy
Trade underthe UAE flag
Access to international markets, investment protection and hassle-free capital withdrawal all help to maximize profits
Factors to consider when organizing trade in the UAE
A license is required to conduct trade in the local UAE market, as well as for other types of business
Importing goods into the UAE requires product certification and obtaining an import permit
Trade and logisticssolutions
Finding the best trade logistics solutions is the key to successful trade in the UAE
Advantages of the UAE for doing trading business
SORP expert solutions for formation of a trading business in 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 using our close cooperation with banks
Local partner or agentfor LLC incorporation
Nominee service from SORPInvestment LLC protected by waiver of rights in the court
SORP specialists will help you develop a business model and plan for your trading activities in the UAE, based on your areas of interest and the results of market research and competitive analysis. We will assist in licensing and company incorporation, obtaining the necessary certificates, approvals and permits, and provide business support and consulting at all stages of formation and doing business in the UAE.
SORP Consulting solutions for trading business in the UAE and abroad
Business hypothesis validation
The basis for optimal licensing and launch of your trading business, as well as the possibility of expanding into international markets.
Methodologies and business analysis
We will conduct market and competitive research, select areas for doing business in the UAE and implement an effective strategy.
Opening bank accounts
Close cooperation with leading UAE banks guarantees passing legally required KYC quickly and professionally.
International tax planning
Individual solutions based on UAE legislation to improve the efficiency of tax optimization schemes for international business .
Registration of tax residency
Help in obtaining a tax domicile certificate as proof of compliance with requirements of belonging to UAE jurisdiction.
Economic substance confirmation
Proof that the company operates and is managed at the place of incorporation and that its affairs belong under UAE jurisdiction.
Key success factors for a trading business in the UAE
Favorable tax climate
The absence of corporate tax and one of the lowest VAT rates in the world, coupled with a high standard of living and consumer demand, create an ideal business environment for the development of trade in the Arab Emirates market, attracting hundreds of thousands of foreign investors and entrepreneurs to the country every year.
Well-developed banking system
In September 2020, the assets of the UAE banking sector amounted to AED 3,252.5 billion, which is 7.6% higher than in September 2019. There are 48 banks in the country, 27 of which are foreign. They offer a wide range of products and services, low rates, leasing and credit programs, the latest digital technologies, mobile and online banking.
High purchasing power
The standard of living and per capita income ($ 43,103 in 2020) in the United Arab Emirates ensures high consumption and constant demand in the domestic market, including for expensive goods such as jewelry, luxury cars, exclusive items, etc. The UAE is in the TOP-10 countries the world in terms of purchasing power.
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 that will include a network to support unmanned cargo transportation with ground infrastructure, drone ports, loading bays and service stations.
Low level of bureaucracy
Typified by transparency of procedures, reduction of bureaucratic delays due to widespread digitalization and successful implementation of blockchain technology in the systems for providing public services. In particular, the Blockchain Business Platform (UBRP) was created in Dubai in 2019, simplifying the processes of incorporating companies and obtaining licenses.
Promising domestic market
The volume of retail trade in the UAE in 2020 amounted to $ 58 billion. Steady market expansion is assured because of a constantly growing consumer base due to the migratory population that is always increasing and the millions of tourists who visit every year. Dubai is one of the ten most attractive cities in the world and about $ 40 billion was spent there in 2020 by 16.73 million tourists from 233 countries. Experts agree that the UAE will continue to increase trade volumes and the numbers will at least double by 2022 despite the global crisis.
SORP's long-term experience guarantees success for your trading company
SORP Group is a leading consulting group providing the full range of services for business incorporation, management and support in the UAE and abroad. We offer you our proven expertise, impeccable reputation, great opportunities and significant 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).
Get a trading license inthe UAE
SORP Group specialists will help you choose the appropriate type of license, the best place for business incorporation and form of legal entity.
Take the first step towards establishing your trading company in the UAE!