How to Start Electronics Trading Company in Dubai: A GuideJanuary 20, 2023
Entrepreneurs who want to start electronics trading business in Dubai is an excellent proposition given the fact that UAE is considered as one of the leading consumers of electronics appliances. The industry is bound to observe unprecedented growth in the coming years now that it is the hub of trade and pristine living. Foreign investors around the world consider the country as one of the best and business-centric economic hubs to start and run businesses in various industries including electronics trading companies. Investors can now enjoy 100% ownership of the business.
So this makes it a viable prospect to start electronics trading company in Dubai. The first step will be to acquire an electronics license which can be acquired as follows:
Electronics Trading License in Dubai
In order to acquire an Electronics Trading License in Dubai, you need to have a number of valid documents and pay a substantial fee. But it can all be made up for a little time, given the rate at which business is growing in the region. But it is not that simple to acquire the license on your own. You need the help of a business setup consultancy service like Avyanco that is familiar with matters pertaining to the acquisition of business licenses in Dubai and the UAE.
The license falls under the umbrella of a commercial license if you wish to establish electronics business in Dubai as retail and wholesale. Although there aren’t many electronic items that may be exempted from import, but it is best to check with professionals that can guide you through the process and check for minute intricacies that may slip your attention otherwise.
Avyanco can help you with an easy and smooth acquisition for Electronics Trading License in Dubai so that you can start your business at the earliest.
Cost of Electronics Trading License in Dubai
The electronics trading license cost in Dubai would be starting from AED 20,000/-. The exact figure may vary depending on many other factors that may influence the overall cost. Factors affecting the costs include the type and size of the business, jurisdiction, the type of business license, and more.
It is better to have a team of professionals to do this for you instead of trying to do it yourself. So opt for Avyanco where you will find qualified and professional licensing and taxation experts that will tell you the exact cost of starting electronics trading company in Dubai.
Details of Electronics Trading License Cost in Dubai
|Government Charges||Fees AED|
|Trade Name (in English)||620|
|Tasheel Memorandum of Associate||345|
|Trade License fees||11960|
|Foreign Trade Fees||2000|
|Corporate PRO Services Fees||6000|
|Total Cost of electronics trade License||21 395|
Documents required to Get Electronics trading license
There are a number of documents that you need to start electronics trading company in Dubai, some of which include:
- Few Name choice for company name reservation
- Your passport with previous tourist, residential visa, or entry stamps from any of the UAE airports
- NOC from current sponsor if existing resident visa
- License application form
- Memorandum of Association
- Tenancy contract either actual office or virtual office.
These documents only make up a few. There are many others that you will need depending on your jurisdiction requirements, scale, and other factors influencing your business. It is noteworthy that you will also be required to provide a visa and passport of partners which includes a dependent resident visa. All of these are complicated steps that have a high probability of mistakes.
Let our expert team at Avyanco handle this for you. We can help you acquire your Electronics trading license in Dubai in little to no time.
Options for Setting up Electronics Trading Company in Dubai
If you want to start electronics trading company in Dubai, you will have three main options in terms of location. These are:
Starting a business in Mainland costs more than freezones. But it has a lot of perks to offer including better business growth opportunities, prominent locations, access to a wider market, and convenient transportation. The mainland is monitored by DED which is a government body. You will have complete control over your electronics trading company and you can do business anywhere with no restrictions. With the mainland license investor can do retail shop or showroom which will lead to increment of many customers.
DAFZA (Dubai Airport Freezone Authority)
An advanced Freezone established by the government with a location next to airport, which offers amazing business prospects. It offers a friendly environment with tax exemption, excellent infrastructure, complete repatriation of earnings as well as ownership. They are called the fastest-growing economic Freezones of the MENA region.
There are no currency restrictions and a dedicated logistics center, which makes it more convenient for an an electronics trading company.
Other UAE Freezones
In total, there are 40 multidisciplinary Freezones in UAE that offer foreigners and expatriates complete ownership of their businesses. The freezones are characterized by distinct services that guarantee a smooth flow of work and offer highly efficient infrastructure. This saves businesses a ton of time and effort.
But which freezone is right for you is not up for debate. Ranging from start-up costs and available funds, there are many factors that drive these decisions. If you are unsure in which direction to proceed, let the experts at Avyanco help you out.
Benefits of opening Electronics Trading Company in Dubai
Opening electronics trading business in Dubai offers a number of benefits such as:
1. Trade Benefits
With benefits like exemption from taxes and all the way to a variety of Freezones, if you start an electronics trading business in Dubai, you can not only succeed in local trade as the economy is rapidly expanding but also benefit from exporting to nearby countries that rely on goods from Dubai and hold them as top quality goods in comparison to goods from China or other neighboring countries.
2. Custom Benefits
Dubai customs offer a lot of benefits to electronics trading businesses. Some of the most notable benefits include:
- Low shipment charges
- Low custom charges
- Faster clearance time in comparison to other countries
- Clearance Approval is also fast in comparison to other countries and regions
- Demurrage and storage cost are significantly lower than that of other countries and regions
3. Port Benefits
Dubai’s ports allow businesses to have easy and affordable international access. Being a global economic hub, Dubai’s port allows businesses to receive and send shipments across the globe with easy access and low duty in comparison to other ports around the globe.
4. Import Export policies
Lenient and convenient import-export policies make Dubai the perfect place to start your Electronics trading business.
As we have already discussed, there are a lot of exemptions from taxation for businesses, especially in Freezones. It makes for an ideal business environment for start-ups to grow and flourish.
How Avyanco Can Help you Setup Electronics Trading Business in Dubai
To start electronics trading business in Dubai, you need a lot of professional help. Many businesses either suffer to flourish when they try to start a business on their own especially in Dubai, this is why seeking the help of professionals is advised. You need trustable and reliable partners to help you establish yourself as an electronics trading company.
Avyanco is the leading business setup company in Dubai that has helped numerous businesses startup. Ranging from helping them find the right location to the acquisition of necessary documentation, if you are planning to invest in electronics trading let our team help you open electronics trading company in Dubai. Feel free to reach out to us, we are just one message away.