imports and exports in dubai
TRANSCRIPT
Imports and Exports in Dubai
A presentation brought to you by CompanyIncorporationDubai.com
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Trading in Dubai
Recent surveys show the United Arab Emirates as one of the largest exporters in the world.
Trading activities in Dubai are among the most popular types of commercial activities in which foreign investors engage.
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Imports in Dubai
The main imported products in Dubai are:
• machinery, • food, • chemicals,• transport equipment.
Dubai also imports textiles and metals and various primary products such as: cotton, fabrics and plastic products.
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Exports in Dubai
The main export commodities include natural gas and crude oil, as well as foodstuffs and products that will be re-exported.
Dubai also exports metals, like aluminum or copper.
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Dubai’s Main Trading Partners
Dubai’s main trading partners, when it comes to imports, are China and India.
Other import partners are the United States, Japan and Germany.
Apart from Germany and the UK, in Europe Dubai’s main trade partners are France and Italy.
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Import and Export Procedures in Dubai
Foreign investors setting up trading companies in Dubai must get familiar with the import and export procedures in the UAE.
When importing goods to Dubai, a company must go through the Dubai Customs.
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Documents Related to Imports and Exports in Dubai
The following documents are required in import and export procedures in Dubai:
• a declaration form for the import of goods,• a permit in the case of importing restricted
merchandise,• a delivery order,• the invoices accompanying the
merchandise,• the packing list,• a certificate of origin,• the trade license,• a DFSA declaration.
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Trading Companies in Dubai
The most important legislative documents that influence and control the manner in which companies can perform trading activities in Dubai are:
• the Companies Law;• the Commercial Agency Law;• the Control Law;• the Electronic Transactions Law.
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The Trading License in Dubai
Businesses in Dubai will also need to obtain trading licenses suitable for the type of services they wish to provide.
The available types of licenses for trading activities are the commercial and the industrial ones.
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Thank you for your attention!
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www.companyincorporationdubai.com10