Prime Tower, Office# 2707, Business Bay, Dubai, UAE
The commodity business is thriving in Dubai very well, being a port that is connected to world corners it has been proved heaven for import and export of the goods. A classic trading company is intermediary about buying from producers and selling to consumers, over the past decades a big element of that was actually in the commodities world.
The roles of the general trading companies are to eliminate the imbalance between the stuff produced and where they are needed. The trading companies are not having much in terms of fixed assets that is more about working capital receivables. Inventory analyst love things with fixed or under to understanding the business. The scenario has changed for the general trading companies comparatively 30 years ago, the availability of IT has made the presence easy and in control for the companies. The IT has lead to the informational advantages about the market trends across the global corners.
Global trade is the hottest topic in the world of politics and economics right now - be it China and the US; the Belt and Road Initiative, or the UK/EU Brexit negotiations. While the outcomes are uncertain today, therein huge opportunities lie. Business confidence in the UAE is on the upswing as preparations for Expo 2020 Dubai gain momentum, two surveys show. The survey of over 9,100 companies in 35 countries and territories, noted that with businesses, tourists and officials from 190 countries set to visit the UAE for Expo 2020, companies in the UAE are already assessing the medium to long-term international opportunities the global event will bring.
from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
2 Persons can open up an LLC
The maximum number persons or employees an LLC can have is 50
If you want to open an LLC in Dubai then you have to invest a minimum of AED 300,000/- or USD 81,744/- which is abysmally when compared to the higher forms of organization set ups.
If you want to open an LLC in emirates other than Dubai, then the capital requirement is further down to AED 150,000/- or USD 40, 872/-.
The DED is the vital government body for registering and licensing companies who intend to do business in the mainland of Dubai. The DED recently has been updating its rules and regulations to act as a one stop shop service centre for all licenses in mainland Dubai. Today DED provides fast track services compared to most of the government authorities in other emirates or neighbouring Gulf countries.
Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space
Apply for a trade license
Submit docs and pay license fee
Obtain license & start business operationbr>