Trading is one of the most rapidly developing and robust sectors of the UAE economy and is supported by the government. Efficiency is the key to operating a well-run trade and logistics business and SORP’s experts know the ins and outs of how best to configure import and export processes using their understanding of certification and customs procedures, and specifics of international trade.
SORP Group’s long-term experience in the UAEmarket ensures your trading business succeeds
Registering an Import Code, getting import permits, providing support for the customs clearance of goods and arranging transport and warehouse logistics and management.
Certifying VAT invoices and goods waybills, finding and choosing relevant and reliable shipping companies, preparing and filing customs export declarations.
Providing fast and sound registration and licensing services, promptly obtaining special permits due to well-established relations with the relevant public agencies.
Getting approvals from the Emirates Authority for Standardization and Metrology (ESMA), representation in laboratory tests of products, certification of products and goods..
Individual consulting on logistics challenges and desired outcomes, hiring shipping and freight forwarders, obtaining certificates for imported goods, customs cargo processing.
Internationaltrading business optimization
Analyzing competitive market environments, improving business processes, developing profitable supply schemes, communicating with trading partners and UAE public bodies.
The United Arab Emirates represents a major world hub, a junction of global logistics and trading routes, with many opportunities for developing international trade. However, to run your UAE business successfully you need to know the local laws, regulations, business traditions and market specifics. SORP’s specialists are ready to help you to tune your logistics and successfully carry out trading operations with your partners and stakeholders in the Emirates.
Milestones for your trading startup in the UAE
Choosing a business model
The first step is to carry out a comprehensive market analysis and action plan to adapt your business model to the market specifics, taking into account things like infrastructure and transport links as well as accessibility of premises and utilities, and bank servicing with optional trade funding
Choosing an organizational and legal form
Setting up the right organizational business structure within the most appropriate legal entity format that corresponds with your planned trading activities is the cornerstone of a successful business, while at the same time being a simple and cost-effective solution.
Obtaining import permits
Some types of goods are subject to mandatory certification before they can be traded in the UAE and within GCC countries, so the trading company must undergo goods certification and trade mark registration procedures at the competent Emirates’ authorities.
Undergoing customs procedures
Every company carrying out trading activities in the UAE must undergo a number of relevant customs procedures, such as obtaining an Import Code, preparing and approving customs entry forms, and exercising control over all payments of customs duties and levies.
Finding best logistics solutions
Seeking and choosing reliable shipping suppliers and freight forwarders, organizing efficient, timely and profitable goods deliveries and outbound shipments, controlling goods transport and reducing storage overheads are the key tasks when starting up your trading activities in the UAE.
Taking your first steps in trading
Choosing a corporate services provider to fulfil non-specialized administrative functions related to activities such as hiring personnel, obtaining visas and providing your business with support for licensing, tax and accounting as a bundle of professional services.
Analysing the legal framework
Knowing the peculiarities of local law and understanding the benefits and correct usage of the UAE’s legal framework enables companies to achieve the ultimate goal, which is getting tax benefits or gains from trading contracts without regulatory breaches.
Getting licenses and extra permits
High-quality and fast licensing of a trading business, timely annual renewal of licenses, and getting special permits from competent public authorities that are needed for certain license types.
Using nominee services
Nominee services make it possible to resolve special business challenges, in particular ensuring confidentiality about the company’s beneficiaries, providing an opportunity to use transfer pricing principles and settlements between affiliated structures.
Opening bank accounts
Successfully opening a corporate bank account with a leading UAE bank by undergoing and passing the bank’s KYC procedures and ensuring compliance, maintaining smooth communication with the bank’s officers while justifying transactions.
Getting tax resident status
Professional consulting from SORP’s experts on tax planning issues, obtaining UAE tax resident status ensure protection of your business against automatic data exchange under CRS and provide an opportunity for application of double taxation treaties.
Optimizing supply chains
Developing profit-making supply chains due to well-developed UAE logistics infrastructure, controlling logistic operations efficiency to achieve cost-cutting in goods flow, monitoring goods acceptance and unloading procedures, correct preparation of documents.
Comprehensive services offered by SORP Group
Market and businessanalysis
Organizational and legalstructure
Delivery andstorage of goods
Licensesand extra permits
Obtainingtax residency status
SORP Group’s long-term experience guaranteesa fast solution of all your business tasks
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
Your requirements are unique. That is why we treat every business individually to tailor the right services to achieve your priorities.
15 years of successful work
We have helped thousands of clients acquire, build and develop businesses in the UAE
Assistance in choosing a bank that is suitable for your purposes, support with bank accounts opening and passing KYC procedures (know your customer).
Get a free consultationwith a SORP expert
SORP Group’s specialists will get back to you and provide a best fit solution for your business across all aspects of trading activities.
Contact SORP Group right now and ensure that your UAE trading business grows rapidly and profitably!