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Spices are one of the most important imports and exports in the UAE. It has thriving cardamom, nutmeg, cumin, turmeric, and other spice trade. The UAE is designed for this type of business. A strategic location at the crossroads of Asia, Africa, and Europe, as well as direct air and sea connectivity throughout the world, make it simple to import and export a wide range of goods.
The spice trade was once the world’s largest enterprise; it created and destroyed empires, led to new continents, and helped set the groundwork for the modern world in many ways. Its scarcity kept its worth high, making it one of the most valuable commodities of the time.
Spice trade is still a major industry today, owing to its widespread use around the globe. The commodity’s demand is continually high, allowing it to maintain its prominent position in the market. DMCC recognizes the potential of this commerce in making spices more accessible to the rest of the globe.
Steps To Start A Business In Dubai
If you have great business ideas in dubai, you must utilize them. It is not so difficult to start a spice business in a free zone. The legal departments of the free zone need only minimum of paperwork. The following are the necessary stages to start a spice business in a free zone.
- Determine the legal entity’s kind.
- Choose a business name.
- Make an application for a business license.
- Select an office location.
- Obtain pre-approvals, register your company, and obtain a license.
There you must look upon the requirements and also make a proper budget estimation for starting a healthy spice trade business.
Overview
- Determine the legal entity’s kind. Choose the legal structure for your company. One of two types of businesses can be established in a free zone: Free Zone Limited Liability Company (FZ LLC) or a Free Zone Company (FZ Co.) (FZE). The distinctions are based on the number of shareholders and whether the shareholder is a natural or legal person.
- Choose a business name. You require DED to authorize a legal trade name, it must meet the following criteria: The legal name of the company, must be followed by the company’s legal form and has not been previously registered. And it must be compatible with the required type of activity. The legal status should not contain names of any religion, governing authority, or names or logos of any external bodies.
- Make an application for a business license. Your company’s core activity determines the sort of business licence you apply for.
- Select an office location. In free zones, you can even lease or buy office space. The size of your office is determined by the number of employees and the nature of your firm.
- Obtain pre-approvals, register your company, and obtain a licence. Companies based in free zones are subject to the rules of the free zones in which they operate. You must apply with the required documentation in order to obtain the relevant approvals.
Therefore, take accurate decisions on time.
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