Why The UAE
Dubai has a robust economy that is growing continuously and has set its sights on constantly diversifying; this makes the area conducive to foreign investment.
The UAE is home to ‘free zones’ where foreign investors can operate free of income tax while retaining ownership of their company.
Setting Up to Launch
As a non-resident importer, it’s important to understand the necessary requirements for importing your goods into the country. First, you will need to obtain a VAT Registration number and comply with periodic filing requirements as assigned by the local tax office, which is typically on a monthly or annual basis. Additionally, the UAE has strict regulations in place for product compliance, so you may need to secure authorized representation or responsible persons for certain goods such as food, contact materials, electronics, and toys
Launching Your Brand in The UAE
Even with a VAT number, you will still need an Importer of Record to act on your behalf when importing your goods into the UAE. Please be aware that VAT of 5% will be payable on the import value (usually the selling price) of your goods, but this can be reclaimed. It is also important to classify your goods accurately as duties will depend on the classification and are non-refundable. Don’t hesitate to contact us for more information on launching your brand in the UAE and to help you navigate the import process.