Until very recently, Dubai’s main trade commodites were crude oil and natural gas, but the Emirate has a remarkable capacity for development and growth and, in recent years, the main export commodities have begun to include non-oil products.
Companies that perform activities in the trade sector and deal with imports and exports in Dubai
will need to register with the relevant authorities, like the Dubai Customs. Our law firm in Dubai
can help you obtain all the necessary documentation and register your company, if you are interested in doing business in this sector.
Dubai also has free zones and imports from these zones into the United Arab Emirates and the Gulf Cooperation Council countries are regulated by a series of licenses for companies. Our Dubai attorneys can offer you detailed information about this aspect and help you submit the documents necessary for clearing the import of goods into the free zones.
Exports in Dubai
The United Arab Emirates are a member of the World Trade Organization and the Emirates are an important trading partner for approximately 32 countries worldwide. The main export commodities include natural gas and crude oil, as well as foodstuffs and products that will be re-exported. Dubai also exports metals, like aluminium or copper.
Dubai’s main export partners are: Japan, South Korea, Thailand, India and Iran.
Imports in Dubai
The main imported products in Dubai are: machinery, food, chemicals and transport equipment. Dubai also imports textiles and metals from China and various primary products such as: cotton, fabrics, machinery and instruments or plastic products from India. Among the main imported commodities, jewelry and gold are also significant. Other import partners are the United States, Japan and Germany.
In order to encourage and sustain trade in Dubai and in the other Emirates, the representatives of UAE have signed a number of free trade agreements that limit the amount of tariffs enforceable on goods trade between countries. Dubai is constantly trying to make import and export activities as straightforward as possible and double tax treaties are also in force in the city.
If you are interested in detailed information about the laws governing international trade, our Dubai law firm
can help you with a series of legal services. Our lawyers can also help you open an import-export business in Dubai