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Start Foodstuff Trading Business in Dubai

    Home Blog Start Foodstuff Trading Business in Dubai
    Start Foodstuff Trading Business In Dubai

    Start Foodstuff Trading Business in Dubai

    By Reda Mansour | Blog | 0 comment | 11 April, 2020 | 0

    Dubai has historically been a trading centre and that is owing to its geographical location and financial placement in modern world economics. This is why setting up a business in Dubai would not be surprising taking into account the atmosphere of the business and the provisions that enable it rather than discourage it. UAE is also a member of the WTO (World Trade Organisation) and has the provision for free zone company setup and other facilities that is sure to bear a positive impact on your business. Dubai also has minimal foreign exchange restrictions which makes it a very good option for setting up any trading business. Out of all the sectors within trading, foodstuff sees a lot of competition and that is because of the standard that UAE maintains regarding the quality and the reputation it has earned as a reliable foodstuff trading hub.

    If you are also thinking about getting started on the foodstuff trading in Dubai, you should take a look at the following steps that will help you.

     

    Steps To Be Followed for Starting Foodstuff Trading Business In Dubai

     

    • Plan your business – Just wanting to know what you want to operate in is not enough. Before you apply to register yourself as a company in Dubai, you need to have a concrete plan of business. Some of the decisions that you might have to take include the location of office, the number of employees, any tie-up with a bigger brand or whether you want to operate as a wholesale company or a retailing one. It is only when you have these nuances figured, will you be able to paint a reliable picture of yourself and make the setup easy.

     

    • Get in touch with a registration agent – There are a varying degree of licences and jurisdictions to choose from and each allow a certain kind of activity and liberation. You will have to figure out the combinations that work for you and a registration agent will not only help you figure this out but will aid you in the registration as well. This is a very important step as it will determine your space of operation and can make or break your business.

     

    • Get your licence – If you are setting up your business in the free zone, there will be a 100% investor ownership whereas this will be shared if you get a local licence. The licence may vary in costs and will help you delve in more products as you go higher. General licence will give you the right to trade a wider range of products. The documents required from your side here would include visas, employee information, and domain name registration and so on.

     

    • Find a sponsor – If you are operating locally, which is common for foodstuff trading in Dubai, you would need to finalise on the local sponsor you want and their degree of involvement and concern.

     

    • Get the itemised costs – You would have to cover the itemised costs for the registration to be completed and this would be exclusive of the visa costs. It usually takes 45-60 business days to get this completed but you constant availability can speed up the process.

     

    Business Link UAE will help you in setting up a foodstuff trading in Dubai and will help you navigate through all these steps without much hassle.

    Business Setup in UAE, Company formation in Dubai, company setup in Dubai, Food and Beverage startup in Dubai, Foodstuff trading business in Dubai, setting up a business in Dubai

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