Chapter Fifty Two: Importing opportunities in Dubai
Let’s talk about starting an import and export business in Dubai as we all know Dubai is a major hub for setting up business especially when it comes to trade, and the city offers endless opportunities for new and upcoming entrepreneurs. But what makes this place the home and heart of trading?
Dubai has built one of the strongest reputations for importing and exporting that it now trades with the whole world and is ranked 24 in exports and 22 in imports, making it one of the wealthiest of the 7 emirates. Dubai’s taxing policies and business climate are key factors that have helped position the city as the home and heart of trade business opportunities.
What is Dubai’s main exports and imports?
Dubai strengthened their portfolio by transitioning away from oil-based exports and moving towards an ample variety of metals, in terms of imports their main ones consist of Chemicals, Footwear and Minerals, however their biggest and most demanding imports are metal and textiles. The United States, Japan, China, and India are the region’s largest import markets.
Imports and exports:
- Precious metals
- Crude oil
- Natural Gas
Setting up an Importing and exporting Business:
Setting up any business in Dubai comes with many advantages however its extremely beneficial for those who want to set up an import/export business as Dubai has access to regional markets making it a big advantage. There are also low set up cost advantages as Dubai offers the lowest corporate and personal tax rates in the world.
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