Dubai is the global trade hub of the Middle East and the most profitable market. According to the global investment report issued by UNCTAD (United nations conference on trade and development, the UAE is the second largest beneficiary of foreign direct investment in Western Asia. The UAE stands 33rd out of the 183 countries for the overall ease of doing business. Dubai is the ideal crossway between the east and west that opens immense doors for any business. Dubai has transformed into a business giant, rivaling globally. Today, Dubai is an extremely attractive trading business destination for any company that wants to capture Asia, Middle East, and Africa’s faster-expanding markets which is the reason why opening a trading company in Dubai comes with a great reward.
Reasons to Open a Trading Company in Dubai
The freedom and convenience provided to traders to establish open trade partnerships are called free trade policies. They encourage many trading companies from all over the world to open a trading business in Dubai. Trades can create an open trade partnership, free from discrimination between import and export of foreign authority.
Top Factors Why Foreign Investors are Attracted to Open Trade in Dubai
Dubai provides ease of doing business with the competitive and fostering environment to all the foreign investors. Dubai has a state-of-the-art infrastructure that attracts foreign investors and entrepreneurs in business across the world. Most foreign investors prefer opening a trading business in Dubai because it provides major logistic services. Dubai has a culture of free and open trade with its trading partners and has cheap freezone license registration procedures.
Dubai is an open port with no tax and low import duties; it offers great value. Most products and goods that are imported into Dubai enjoy low import duties.
- A stable and growing economy
- No tax
- Easy to operate the company
- Low cost starts up consulting companies in UAE
- Low cost of company formation
- Easily getting a trade license registration in Dubai
- Translucent laws and regulations
- Government support
- Strategic location
Advantages of Opening A Trading Company In Dubai
Setting up a trading company in Dubai has many benefits which are availed by almost every trading business;
- Low-cost company formation
Opening a trading business in Dubai is relatively reasonable. Business owners must submit the business plan and necessary documents, and the projections of the profits.
- Visa Facility
Dubai offers a visa facility once the company registration in Dubai is done. The owner and the family members of the owner will get residency visa in Dubai and get renewed every two years if the company is up and live, each company also can sponsor employee visas up to their requirement without any hesitation. There is also a new 10 years gulden visa policy that was introduced in UAE which give flexibility and encouragement for investors to start a business in Dubai. The multiple visas allow the trading company to keep the physical existing in Dubai.
- Visa sponsorship
After receiving a visa, you can sponsor other people, and a sponsored person can get a visa easily by following the simple procedures.
- Trade locally and internationally
Opening a trading company in Dubai, a foreigner can sell the imported goods in UAE as well as overseas countries’ markets. The re-export of the goods also can be managed easily.
- Reduced barriers to trade
The costs of opening a trading company in Dubai is less and is faster to get a trading license. The entrepreneurs and foreigners holding the Dubai mainland trading license are exempted from the paid-up share investments which increases the profit of the trading business.
- E-trader license
The company formation regulation and license sector understand the requirements of regulation in the e-trading business. That is why they have introduced the e-trader license to allow both the GGC countries and UAE to conduct their business on digital platforms.
- 0% Tax rate
As per the UAE Ministry of Finance, there is no corporate tax or income tax levy on the earned profits in the company or individually. Many entrepreneurs and foreigners are lured to business across the world where they find tax haven like UAE. They only need to pay the processing fees during the registration process.
Best Business Setup Consultants in Dubai
Dubai is the world’s leading place for company formation, and every visionary entrepreneur has a dream of setting up a business where he can open a business with proper guidance and support. Are you thinking of opening a trading company in Dubai? Or looking for the best business setup consultancy to help your business expand your trading business, you need to contact Avyanco team of business setup consultants to guide you strategically.
Our best business startup consultants in Dubai can help foreign investors interested in setting up trading businesses in Dubai. We can guide you through the entire company registration process and advise you on the best industry to invest in depending on your past experience and your future plans. Call/WhatsApp: +971 50 3989000, (T): +971 4 240 5000, Email: email@example.com