Dubai is a business hub where businesses of every type are booming. This fact is accepted by people from all around the world who have made Dubai their residential place. It is the reason that foreigners living in Dubai comprise more than 80% population of this emirate and many among them are there to explore business opportunities in the city. One such lucrative business opportunity is related to international trade (import and export) of products.
Trade opportunities in Dubai
Dubai is a coastal city located at a strategic location and the area includes two seaports of Jebel Ali Port and Port Rashid. The government of Dubai is trying to utilize its position to its full potential by providing lucrative business and trade opportunities in these seaports for traders.
One such opportunity is the presence of free zones in these seaports and their nearby areas in Dubai. All these free zones provide best opportunities for international traders to import and export products. Few of the best facilities provided to these free trade zones are complete foreign ownership, exemption from income tax, 100% repatriation of profits and exemptions from import and export tax.
Apart from these trade-friendly free zones, there are immense trading opportunities available in Dubai mainland as well. Dubai mainland has its own unique features for traders from around the globe.
Trading activities in free zones
Jebel Ali is a man-made seaport that started its operations in 1979. The port is currently the biggest and the busiest port in the Middle East while it is also the world’s largest man-made harbor. Jebel Ali is also hosting an important free zone, Jebel Ali Free Zone (JAFZA). The international importance of JAFZA is evident from the fact that around 100 companies in the list of world’s 500 biggest companies are based in this free zone while there are over 7,000 global companies in JAFZA. This specific free zone is located inside Jebel Ali area which makes it an ideal place for any import and export business. It is because the area is closer to the biggest seaport of Middle East along with holding the benefits available for free zone areas.
Apart from JAFZA, there are other free trade zone areas also present in Dubai. Most of these free zones are located closer to ports and provide best opportunity for international trade. Another very popular free zone regarding trading of various products on international level is DMCC (Dubai Multi Commodities City). There are several rules and regulations in DMCC for better functioning of this trade-specific free zone.
Free zones in Dubai deals with three types of international trading (import and exports) business. These include import, import for re-export and export of products and goods. Dubai Customs is the department that registers companies for import and export business. All these activities have different registration process and an interested company needs to submit required documents for registration.
Trade in Dubai Mainland
The trading opportunities are not confined to free trade zones in Dubai. In fact, the mainland area is also very friendly to assist international trading of goods from all parts of world. For this purpose, there is a complete procedure to follow. This can be understood through a guide of product registration in Dubai. International trade through product registration in Dubai mainland has several unique properties as compared to trading in free zones.
If you want to take advantage of the best trading opportunities available in Dubai and have intentions to open import and export business in Jebel Ali Free Zone (JAFZA), DMCC or any other free zone area in Dubai, then you can contact us for company registration and free consultation. We at Riz & Mona Consultancy have years of experience in establishing companies related to international trading in DMCC, JAFZA and other free trade zones of Dubai that focus on international trade. We also have expertise in establishing trading companies in the Dubai mainland. You can contact us via our email address firstname.lastname@example.org.