Start an auto parts trading business in Dubai, UAE
Dubai is famed around the world and a trade and logistics hub. There are few goods that do not pass through the UAE in the form of imports and exports, from food and beverages, to minerals, tobacco, technology, and textiles.
Another thriving trade out here is auto spare parts. Thanks to the UAE’s incredible location and world-class infrastructure, our auto aftermarket industry is estimated to be worth almost USD 320m and predicted to grow at a CAGR of 14.8% up to 2025.
For those with the skills and resources to trade in this growing market, the UAE is home to a huge opportunity right now. And when you start a UAE business with the help of Meydan Free Zone, the process of starting an auto spare parts trading company can be quick and easy. Our team are experts in business setup in Dubai and can help you with licensing, visas, and much more.
In this article, we’ll cover everything you need to know to start your auto spare parts trading business in Dubai, UAE, including:
Benefits of starting an auto spare parts trading business in Dubai, UAE
Dubai is home to one of the most thriving vehicle re-export markets in the Middle East, as well as one of the largest tire trading industries in the region.
It is also primed for global trade. Direct links by road, sea, and air, incredible transport and logistics infrastructure, plus tried and tested import and export processes, are just some of the reasons why.
When you trade out here, you will also benefit from the UAE’s tax rate of 0% on both corporate and personal income. And there are more advantages when you start your trading business in a UAE free zone. These include 100% customs tax exemption and the freedom to repatriate capital and profits.
Set up in Meydan Free Zone and you’ll also benefit from:
Premier location
Being at one of the most sought after centrally located commercial addresses in Dubai puts you minutes away from major pulse points and vital commercial and financial hubs of the city.
Easy start up
Benefit from a smooth registration process with access to priority government relations assistance and broad support services, tailored to address your individual business needs.
A great place to live and work
Take advantage of the unique opportunity to live and work in Meydan’s premium mixed-use developments offering innovative office spaces that encourage business growth.
Membership of the Meydan Group Enjoy unparalleled benefits including access to a fully equipped business centre, luxurious hotel accommodation and the group’s comprehensive support network.
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The procedure to get an auto spare parts trading license in Dubai
Setting up in a free zone is almost always the most straightforward and cost-effective way to start an auto spare parts trading business in the UAE. And when you establish your business at Meydan Free Zone, our expert team can guide you through the following company formation process.
We will get the ball rolling by helping you choose and register your company name.
The UAE has a very clear set of naming parameters that you’ll need to stick to. But don’t worry, all are straightforward and largely common sense. Essentially, you should avoid blasphemous and offensive language and names of well-known organisations. There are a few more rules too which we will cover in your initial consultation.
Once this early decision is successfully navigated, your dedicated contact will assist you through the UAE trade license application process. During this process, you will be asked to submit a completed application form containing details about your business and its shareholders, as well as proof of address and identification. A full list of the documents required to start a business in the UAE is below.
To reside in and run your business from the UAE, you will also require a residency visa. As part of this process, you’ll need to undergo a fitness test, blood test, and chest x-ray. You can also sponsor the visas of others such as dependent children and parents, your spouse, and any domestic staff.
Finally, all UAE businesses require a corporate bank account. Meydan Free Zone can help with this step too, advising on the right financial institution for your needs and circumstances.
Documents required to get an auto spare parts trading license
When applying to start an auto spare parts trading business in the UAE, you may be required to submit any of the following documents:
Dubai auto spare parts trading license costs
A spare parts auto trading license in Dubai costs in the region of AED 10,000 to AED 40,000, depending on many factors, such as the size and location of your business.
For a full breakdown of costs get in touch with the team at Meydan Free Zone.
Take your business to new heights at Meydan Free Zone
Meydan Free Zone is a thriving, centrally located economic district with one of the most prestigious business addresses in the region.
We offer our businesses a host of innovative investment and lifestyle benefits in a secure regulated environment that empowers productivity. And we can help you join them too.
Our expert team can assist you across the entire company formation journey, from registering your company name to managing your license and visa applications.