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How to start an import export business in the UAE?

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Question added by Nasser Khan , manager , Godrej Group
Date Posted: 2013/06/25
Muhammed Ragab Hanafi Madbuli
by Muhammed Ragab Hanafi Madbuli , Sales Excutive , MARATHON TRADE For Commercial Agencies LTD

Prior to operating any business in UAE, it is first necessary to follow the steps outlined below in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefit for the business owner.
- Submit the company registration application and the proposed company name to the Department of Economic Development (DED) - Notarize the company’s Memorandum of Association in DED - File company documents with the Department for Economic Development (DED) and obtain trade license and the Chamber of Commerce and Industry - Make a name board - Apply for establishment card at the Ministry of Labor - Register native workers with the Ministry of Labor - Register native workers with the General Authority for Pension and Social Security The basic requirement for all business activity in UAE is one of the following three categories of licences:- - Commercial licences covering all kinds of trading activity.
- Professional licences covering professions, services, craftsmen and artisans.
- Industrial licences for establishing industrial or manufacturing activity UAE Ownership Requirements:- Fifty-one per cent participation by UAE nationals is the general requirement for all UAE established companies except - Where the law requires100% local ownership - In the Free Trade Zones where100% foreign ownership is permitted - In activities open to100% AGCC ownership - Where wholly owned AGCC companies enter into partnership with UAE nationals - In respect of foreign companies registering branches or a representative office in Dubai.
- Professional or artisan companies where100% foreign ownership is permitted.
The seven categories of business organization defined by the law are:- - General partnership company - Partnership-en-commendam - Joint venture company - Public shareholding company - Private shareholding company - Limited liability company - Share partnership company The various types of companies that can be registered in UAE are the below:- - Free zone company - Offshore company - Limited Liability Company - Branch and representative offices - Mainland companies(trade)

first to take trading licence

rashid mujahid
by rashid mujahid , SALE + INTERNATION IMPORT , AKR INSTRUMENT

FIRST OPEN COMPANY IN UAE ,THEN REGISTER  AND FIND WHICH PRODUCT YOU NEED ,

Sreejit Menon
by Sreejit Menon , Sourcing & Sales Officer , United International Oilfield Supplies & Services L.L.C

Dear Sir,

 

Me and my wife is working in AbuDhabi but we want to start Import and Export Business of Vegetables and Handicraft Items .

 

Can We get the Export License If we are in Employment Visa.

 

Kindly guide me 

I have helped more than hundreds of companies to start exports. I am a News paper article writer connected exports/imports Kindly contact me for more details. CONTACT B.RADHAKRISHNAN.

INTERNATIONAL TRADE AND BUSINESS CONSULTANT(itbc)

MOBILE.

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