How to start trading in the UAE

For a quick and successful start look into the specifics of incorporating and running a
trading business in the market of a country with unique economic opportunities

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SORP.AE

The United Arab Emirates is a low-tax jurisdiction with a high level of economic stability and security. Its high-quality infrastructure and promising sales market provide unique and exciting opportunities to develop a trading business. At the same time, achieving success requires a sound understanding of local laws and market traditions. SORP provides this. We will help shape a successful business model and ensure its implementation.

SORP Group offers bundled solutions for your business in the UAE

Legal
support
Preparation and professional assessment of all documents, interaction with UAE authorities, due diligence where needed

Doing business in a foreign country requires good knowledge of local practices and legislation to enable sound decision-making.


SORP’s experienced lawyers will resolve any law-related issues for your business through legal procedures, consulting and verifying contracts, and representing you with UAE regulatory authorities.

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Opening and operating
bank accounts
Comprehensive client support for the processes involved in opening or maintaining corporate accounts as working settlement tools

A business bank account is a vital necessity but banks don’t make it easy. You need to understand and comply with their procedures for new customers.


SORP Group has long-standing working relationships with major UAE banks and familiarity with their compliance as well as with KYC procedures to help ensure a successful application.

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Management of
business processes
Administrative support, operations management, reviews, oversight and crisis control provided to your company in the UAE

Management and fine-tuning of your business processes by local experts delivers a solid foundation on which to grow your UAE business.


SORP Group’s expertise will help you to set up your business from scratch, implement operations management, and respond capably to any internal and external business risks.

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License
renewal
Professional assistance in license renewal procedures and fulfilling all the requirements of the UAE governmental authorities

Every business in the UAE obtains one or more licenses to operate a certain type of activities within the country and these must be renewed annually.


SORP’s specialists have built up deep knowledge about all renewal procedures and the processes specific to regulatory governmental authorities to provide fast and cost-effective solutions.

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Legalization
of documents
Business support for the process of legalization of any documents issued either in the Emirates or in another country

The multi-stage business document legalization procedure in the UAE often requires significant time, effort and expense.


SORP Group’s international network of agents and well-established relations with the Emirates’ authorities enable it to perform document legalization quickly and properly.

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Taxes and
accounting
Registration with the Federal Tax Authority, provision of audit and accounting services, preparation and timely filing of tax returns

A crucial task for any business in the UAE is to arrange knowledgeable and professional book-keeping, as well as tax accounting, and financial reporting.


SORP’s experts provide businesses with high-quality accounting services and assure fulfillment of the regulatory requirements related to timely financial reporting, preparation and filing.

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Trade and logistics
solutions
Market study, developing road maps, obtaining import permits, customs clearance, transport and storage of goods.

To efficiently carry out trade operations in this country, you need to understand the ins and outs of authorizations, also permissions and how the system works.


SORP Group offers a complete bundle of trade and logistics solutions related to obtaining licenses and permits, import/export arrangements, storage and transport of goods and more.

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Product
certification
Confirmation that all relevant UAE standards are met, as well as certification and labelling of goods to be imported

Many products and raw materials must undergo mandatory certification by the relevant authorities before being allowed into the UAE.


Businesses can take advantage of SORP’s knowledge of the processes and legislation to ensure their supply lines run smoothly, thus avoiding potentially costly delays, shortages and hassle.

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Nominee
services
Nominee director or shareholder services provided to enable efficient configuration of your business

Nominee services are widely used in the UAE, are in full compliance with the legislation and represent a business tradition of Emirates’ companies.


SORP provides nominee services in order to obtain licenses, confirm economic substance in the UAE and fulfil a number of other special roles for your business.

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SORP Group has two units that provide you with comprehensive business support

Center of
business expertise
Expertise on tap centered around strategic planning and business analysis
25
strategic areas
  • Minimizing the need for highly-paid staff by engaging SORP’s knowledgeable and very experienced specialists in the field of business planning and analysis
  • Validating business plans, evaluating and tweaking strategy, developing financial policies and honing them to suit a UAE setting
  • Analyzing proposed business models in-depth to highlight potential strengths and weaknesses as regards local customs, laws and business environment specifics
  • In-depth evaluation and advice surrounding tax risks, developing tax optimization strategies on the basis of tax planning tools to mitigate a tax burden
  • Developing mechanisms and methods to deliver reliable protection against automatic exchange of tax information internationally under CRS
  • Assessing and verifying legal and financial documents to ensure full compliance with UAE legislation in all relevant matters
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Multifunction
outsourcing center
An array of support services for many operations management tasks and roles
54
in-house experts
  • Annual license renewals, professional assistance in the areas of law, immigration, administration, and business process management
  • Audit control and crisis-management of your business, support in opening and maintaining corporate accounts, and getting through the bank compliance procedures
  • Recruiting local UAE personnel as needed in order to obtain the required licenses, building a sales force, legalization of documents
  • Confirmation of business management and control center at the company’s registered address in order to comply with economic substance requirements
  • Preparing formal financial reports under IFRS, and all the company’s documents, in order to submit them to the auditors
  • Trade mark registration, obtaining permits from the UAE Ministry of Economy and professional assistance in all the document preparation and execution procedures
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Although the UAE is a very favorable jurisdiction for doing business, with excellent transparency of the law, like every country it has its own quirks and peculiarities in the legal and commercial framework. It is often difficult to understand them on your own and that presents risk. SORP Group will provide your business in the UAE with comprehensive support across all aspects based on our intimate knowledge of the country’s business customs and legislation.

Crisis-management solutions for subscribers

30% discount

Registration
of legal entities

Incorporation of local companies, holdings and other structures to run a business in the UAE

30% discount

Office spaces in SORP’s
Business Center

Free-of-charge rent of offices, work stations in co-working and virtual office options

30% discount

Local sponsor or agent’s
services

Provided to obtain and renew local licenses (DED) and solve many special business requirements

SORP provides professional support to your business to meet all requirements of UAE law

SORP Group is a leading consulting group providing the full range of services for business incorporation, management and support in the UAE and abroad. We offer you our proven expertise, impeccable reputation, great opportunities and significant assets:

Complex of all services

SORP offers comprehensive support for acquired companies and their shareholders: from licensing, maintaining Bank accounts to obtaining the status of a tax resident of the country

15 years of successful work

Expert knowledge and 15 years' experience in conducting professional consultations, opening, and comprehensive support of companies in various sectors of the economy.

Banking support

Assistance in opening bank accounts, choosing a bank suitable your purpose, support during the KYC procedure (“Know Your Customer”).

Examination of documentation.

Checking your company's concept for strategic and legal errors. SORP Group strategic partnerships with the best lawyers in the UAE and around the world will provide prompt legal support for your business.

Confidentiality and Protection

We will ensure the confidentiality of Your data and take appropriate measures to comply with current legislation, as well as solutions on corporate, tax and judicial law and economic substance requirements.

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