The UAE provides unique opportunities for international trade through its business-friendly taxation, freedom of capital movement, absence of inflation, guarantees of investment protection and strict confidentiality, favorable geographic location and the country’s prestige on the world stage. SORP Group specialists will help you to gain an understanding of the legislation’s nuances and select the best solutions for successful trade under the UAE flag.
Setting up a trading business in the UAE willopen up new prospects. You can:
The ability to capitalize on profits tothe maximum within the group.
Related to the protection of mutualinvestments, free trade, avoidance of double taxation.
Apply legal price regulation to withdrawprofits based on secure business structures and a control center in the UAE.
Potential to obtain trade licensesfor difficult-to-license goods (tobacco, pharmaceuticals, etc.)
Present a positive consolidatedfinancial history to qualify as a serious bidder.
Create a unifiedsettlement center
Optimize the activities of the entireinternational business: payments for third parties, offsetting mutual claims.
The uniqueness of the UAE jurisdiction forinternational trading companies
No corporate taxes when conductinginternational activities and no personal income tax.
Wide sales market
Common customs space within the 6 GCCcountries, free trade agreements.
All business owners can apply for tax residentstatus and receive protection from information exchange.
Respectability of jurisdiction
Despite its tax-free jurisdiction, the UAE is notincluded in any of the "black" and "gray" lists of the OECD and FATF.
Guaranteed anonymity of data on foreignbusiness people. No exchange of tax information
Lack of currency control, freedom ofmovement of funds, simplified KYC procedure for transactions in dirhams
Available licenses for trading activitiesfrom the UAE
Oil and petroleum products
Precious metals and jewelry
Manufacturing raw materials
Medicines and chemicals
SORP Group solutions for efficient trading under the UAE flag
Local company for complexsolutions
Ample opportunity for domesticor international trade and ease of opening accounts with leading UAE banks
Company in FTZ forre-export
Creation of consolidated goodswarehouses, application of zero customs duties for the import and re-export of goods
Acquisition of an existingcompany
Turnkey solution for generatingprofits as well as for building business schemes or corporate structures
Construction of tiered structures toprotect shareholders, including elements of an Arab trust tool
Provision of a technical directorwith limited rights to perform various functional corporate tasks
Through close cooperation withUAE banks and knowing their process to assist in passing KYC
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 risk of your international activity being deemed “suspicious” or not legitimate, and possibly having bank accounts suspended, we recommend that you comply with legal requirements to confirm your Economic Presence (ESR) in the UAE.
Integrated solutions for international tradeactivities from the UAE
Proving the concept provides therationale to choose the correct license, launch a business, and implement a strategy - with the potential to expand internationally
Analysis of legal international taxplanning methods based on many previous successful cases, thereby offering you optimal solutions for a tax-free business
SORP business center providesoffice space for young businesses and startups seeking licenses as well as proof that control and management occurs in the UAE.
Individually tailored solutions forinternational business that deliver more efficient tax optimization schemes based on UAE legislation
Registration oftax residency
Support in obtaining a tax domicilecertificate as proof of compliance with the requirements of belonging to the UAE tax jurisdiction
Confirmation ofeconomic presence
Proof that the center of control andmanagement is at the company’s registered address and operations belong in the UAE jurisdiction
Success factors for tradingunder the UAE flag
International trade activities, including re-export, are tax-free. The absence of taxes allows you to extract the maximum profit and create effective trading schemes on world markets. In the international ranking of fiscal freedom for 2020, the United Arab Emirates is in fourth place with an index of 99.
Favorable geographical location
The location at the intersection of global logistics and trade routes, combined with the country's high-quality infrastructure, has made the United Arab Emirates one of the key international transport and trade hubs of global importance, connecting the East and West, and the gateway to the Middle East and North Africa market.
High reputation of the country in the world business arena
The United Arab Emirates enjoys a well-deserved reputation in the global economy. In the IMD 2020 ratings, the UAE ranked 9th in the world in terms of economic competitiveness and 14th in digital. The country’s prestige increases the credibility of companies based here and provides them with access to participate in international tenders and projects.
Favorable conditions for doing business
The regulatory and legal environment of the UAE provides a comfortable environment for creating companies and organizing their activities. In terms of ease of doing business, the Emirates is ranked 1st among the countries of the Middle East and North Africa and 16th in the world, with high indices in many categories, including the level of protection for minority investors.
International trade agreements
International agreements create favorable conditions for foreign trade activities under the UAE flag. The Emirates are part of the common customs space of the GCC and are bound by free trade agreements with the EFTA countries, Singapore and New Zealand. It is in the process of concluding similar agreements with the EU, Mercosur, Australia, Japan, and a number of other countries.
Developed transport infrastructure
The country has 8 cargo airports and 15 sea trade ports, two of which are rated in the world TOP 50. The UAE is ranked 10th in the world in terms of the quality of its trade and transport infrastructure. The wide use of the latest digital technologies provides a high degree of automation of loading and unloading operations, warehousing and cargo handling.
The UAE is not considered by the world community as a “gray” offshore zone with questionable tax rules. The country is not included in any OECD or FATF black or gray lists, has joined the Automatic Exchange of Tax Information Standard (CRS) and enjoys full trust and recognition from major international institutions.
SORP Group offers the benefits of many years ofexperience to resolve complex business issues
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).
Start trading under theUAE flag
SORP Group experts will select the best solutions for organizing your international trade business and provide you with comprehensive support.
Today you can take your first step towards a new business