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A Simple Guide To Register A Dubai Trading Company With Ease

By:Ramapati Singhania

There is a large market for trading companies in Dubai imports of foreign products to cater to the needs of the locals, as well as exporting local products to foreign market. Tapping into this opportunity in setting up a local Dubai trading company can open up your investment to greater heights; but before you get excited over its potential, it is best if get to know the processes involved in opening one up in the city.

Step 1: Business Planning - Finding the Right Opportunity

Opening up a Dubai trading company will require you to plan out the business, especially with the rules and regulations involved in opening up an import or export venture. First, there is a need to look into the local market -- what type of products you can use in your business that spells the most profit on your end. If you're not familiar with the opportunities available in the city then having a native UAE agent to scout around for you might be a good idea.

Step 2: Types of Business You Can Open Up In Dubai

A Dubai trading company is often attributed to import and export duties -- this involves selling local products to the international market or bring in goods from the outside that is a trend in the city's lifestyle. However, it would be best if you get to acquaint yourself in the types of businesses you can open up in the city.

There are two business options available -- one is to open up a partnership business that requires you to have a local sponsor who owns a majority of the shares. The second option is the sole ownership opportunity to give you complete control of the venture. However, the latter is mostly restricted to Free Trade Zones in Dubai which is unfit for small-scale business due to the high operations cost attributed to it.

Step 3: Hook Up With a Sponsor

Starting a Dubai trading company on your own might be difficult due to the various rules and requirements necessary in opening up a business in the city. Enterprise in Free Trade Zones can give you full access to its faculties without requiring an agent; but in most cases, you need a local sponsor to help you out. Finding one is easy, just make sure that your local agent knows about the business your planning to set up in the city.

Alternative Solution

If you're above the possibility of setting up a Dubai trading company on your own or your having problems scouting for a sponsor to help you out then it would be best to have a local UAE business consultant firm cater to your needs.
Many foreign investors are opposed to the idea of hiring a business consultant firm in Dubai to help them open up a business in the city due to the cost. After all, if they can do it on their own then why do you need to pay someone to take care of it for you? However, there are certain advantages to having an expert deal with this project, such as:

1. Local Experts to Plan Your Business

Keep in mind that there are plenty of factors involved in setting up an investment -- more so in terms of planning for the niche that would be most profitable and staying away from those that might give you financial hurdles later on. An expert can help generate solutions on the best opportunities for a venture in the city using their knowledge of the local market.

2. Itemizing Costs and Financing Options

A business consultant firm is capable of utilizing various experts in the field to come up with an itemized budget plan for your intended enterprise in the city. Also, they can hook you up with financing institutions that offers affordable loans and other financing options to help in setting up your business or the possibility of expansion later on.

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Article keywords: Dubai Trading Company, Investors

Article Source:

Ramapati Singhania specializes in creating and managing web businesses. His
latest website focuses on dubai company formation helping you to incorporate offshore companies in Dubai, Sharjah Airport, Jebel Ali and Ras Al Khaimah in the United Arab Emirates.

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