The Business Traditions: For a long time, Dubai has taken up an exceptionally good position on the trade map of the region. Its business centre is definitely growing rapidly and its own Creek has performed an important role in the development of current economic climate which is attained by this city. It includes constantly been a essential and safe harbor for small and medium size boats which sail to the plug-ins of Arabian Gulf region, the countries of the East Africa and Indian sub-continent. These parts are loaded with variety of goods which can be re-exported to these various parts.
Business activities in Dubai: Dubai is recognized as one of the trade centers in the Arabian Gulf region. It offers obtained this position for different reasons, that are summarized the following:
Firstly: In the middle of the UAE coastline extending along 400 miles Dubai occupies a tactical competitive location. Due to the distinct location in the Southwestern part of the Arabian Gulf Dubai can play a dynamic trading role in linking the maritime lines and also it can facilitate the travelling of goods between the east and the western world.
Secondly: By seeking a free and balanced economical insurance plan Dubai has strengthened its distinguished strategic location which includes trained with a good reputation in the industry, economic and international communities. This encourages the nationwide and international capitals to get in to successful investment projects in different professional, commercial and services field.
Thirdly: By setting up complete infrastructure tasks and also other utilities and services Dubai has better the importance of its strategic location and provided special importance to its free economic plan. Dubai has put these facilities in operation with high efficiency which made an instant and positive effect on development rates in the social development, economic industries and improvement in individual's living standards. In general Non-oil trade and oil producing and exporting are the two main activities in which the market of the Emirate of Dubai is dependant on.
For the previous three ages Dubai has observed rapid progress of its trade and industrial activities. The trade and professional activities are taking the benefit of Dubai's several characteristics including its proper location over-looking the Arabian Gulf, the completion of its infrastructural projects and the performing of these facilities based on the latest standards. For this reason reasons Dubai is one of the most crucial centres for imports, exports, and re-exports in your community. Dubai has been very successful in building world-class infrastructure and services to get business and industry.
With the aim of diversifying the income resources Dubai spent some time working to improve its industrial bottom going back 2 decades. Therefore, it has generated heavy industrial jobs in the Jebel Ali Free Area. The effective private sector has directed at establishing small and medium creation industries attaining some sort of self-sufficiency in some goods. And local needs are exceeded even in certain commodities and the surplus is exported to overseas markets.
In business, the government of Dubai is focused on free market insurance policies, liberal and the creation of an business environment outcome to commercial activity. This approach is well provided by the bonuses available to buyers in Jebel Ali Port where 100% international ownership is permitted; otherwise it is restricted to 49% possession.
RECENT TRADE PERFORMANCE
Dubai's leading export marketplaces are: USA (Dhs 440 million), Japan (Dhs 427 million), India (Dhs 416 million), Iran (Dhs 349 million), S. Korea (Dhs 316 million), accompanied by Kuwait, Netherlands, UK, Taiwan, Yemen.
Dubai's main export products are : Basic Metals and Products, Prepared Foodstuffs, Textiles, Natural stone Concrete, Ceramic and Glass Products accompanied by Mineral Products, Chemical or allies establishments, Plastics and rubber products
Dubai Exports for the year 2011 amounted to 25347million Dirham's, and concentrated in the following six main categories:
Base metals and articles
Products of chemicals and allied industries
Mineral products
Prepared foodstuffs and beverages
Textile and textile articles
Articles of rock, cement, asbestos, ceramics and glass
As the main regional trading hub, for overseas companies in an array of industries Dubai offers access to a market of outstanding potential.
Some of its key characteristics are:
A large market - more than $ 17 billion in domestic imports yearly; gateway to a $150 billion, $1. 4 billion people regional import market.
A growing market - Dubai's imports have doubled since 1989; regional economic development and liberalization is defined to improve demand.
A productive market -opportunities for suppliers of all products; an accessible market - dished up by more than 170 delivery lines and 86 airlines; vast transfer requirements; An open up market - no exchange controls, quotas or trade barriers.
Dubai Foreign Trade: During past years, overseas trade in Dubai was very energetic and attained a significant surge in the rates of trade exchange expansion internationally, regionally and locally. It is because of a reflection of the necessity of the neighborhood and regional markets covered by trading programs, which are the free import of all capital, intermediate and consumable goods. Also Dubai will take the lead on the list of other Emirates in the volume of exports because of the nature of item exports (non-oil) and their geographical location. Dubai's exports constitute around 77. 9% of the country's total exports.
In terms of its show of imports Dubai needs the first place among other Emirates, which equalled 70% of the worthiness of the UAE total imports. All over the world Dubai imports from 159 countries. 68. 7% of the total imports initiated from United States of America, India, South Korea, China, Japan, United Kingdom, Germany, Japan, Indonesia and Taiwan. Dubai has been popular as a dynamic centre for re-export trade to the neighbouring Gulf Countries as a result of dynamics of Re-exported Commodities and their Geographical Distribution over its long commercial background.
Dubai's re-exports have vanished further that to attain the eastern coasts of Africa and the Indian sub-continent. For all the gulf and Arab countries and Euro, Asian, American countries and some African states that includes a re-exporting about 70% of its total gross annual imports Dubai has invested its own abilities and take good thing about its different diversified facilities to grow its re-export activities.
During the seventies, large sums were spent to perform most infrastructural tasks and facilities, thereby creating a healthy atmosphere for the stream of investments into Dubai.
Dubai Chamber of Commerce and Industry's continuous monitoring of trade development at GCC level after the implementation of the Traditions Union (CU) in 2003 shows that the role of Dubai as a major port of entrance to products destined to the Middle East and North Africa is becoming a lot more significant. The surge in exports of Dubai to the GCC in 2011 seems to verify the positive impact of the CU on Dubai's trade. Along with the efficiency and increasing capacity of Dubai slots and the efficient travel facilities to the other GCC countries, the role of the Dubai as a respected port of accessibility of products destined to the other countries also to the rest of the GCC is indeed expanding.
Re-Exports
UAE ranks the third most significant re-export centre in the world (after Hong Kong and Singapore respectively). Re-export trade forms a considerable one-third of the whole trading sector in the UAE. In Dubai, where a big area of the re-export trade is targeted, it forms a much greater proportion of this emirate's total income. The re- export strength of the UAE is based on bulk buys, low taxes, good infrastructure and an historical awareness of professionals. Reduced delivery lead times are also a significant reason behind the success of the trade. Although Iran (equipment, textiles, vehicles) and India (silver, sterling silver jewellery) feature prominently as vacation spot countries there is a fairly even disperse of re-exports across at least 35 countries. The main destination market segments for re-exports are: Iran, India, Switzerland, Iraq, Pakistan, the united kingdom, Saudi Arabia, Algeria, Libya and Kuwait.
Re-exports of Dubai for the year 2011 amounted to 24930 million Dirhams, and concentrated in the following seven main categories:
Pearls, precious stones and metals
Products of chemicals and allied products
Base metals and articles of bottom metals
Machinery, acoustics recorders and televisions
Textiles and textile articles
Vehicles, aircrafts and vessels
Vegetable products
Jebel Ali Free Zone:
Jebel Ali Slot is the world's major man-made harbor and the biggest port in the centre East in terms of size. Location of the port The Jebel Ali Interface is 35km from the town of Dubai. Dock services being one of the most modern plug-ins in the area, Jebel Ali Port renders various navigation, commercial and commercial services, such as: Safe-keeping Services, Land Move Maintenance & Repair Services Industrial Zone Free Storage Area.
The Jebel Ali Free Area lies between the East and Western and is also well placed to provide both. Situated at the base of the Arabian Gulf, the Free Area is a great place for supply to the marketplaces of the region with commodities and products manufactured
by factories located in it. The Jebel Ali Free Area is currently considered one of the very most attractive free zones for different kinds of investments. This is consolidated by its strategic location, the option of modern infrastructure and the non-existence of any administrative complications in addition to the availability of large plots to set up an increasing amount of tasks and the availability of different sources of energy. Additionally, within the Free Zone there is a harbor capable of handling any class of boats: there are 67 berths, over 15 km of quay and a box terminal with the most modern handling equipment.
The Government of Dubai has spent more than $2. 5 billion to build the giant organic at Jebel Ali, which includes Dubai Ports Power, the Port of Jebel Ali (the biggest man-made port on the globe) and the commercial and commercial free area. Even though infrastructure of the complex is almost complete, constant initiatives are still being made to construct more highways, labor camps, warehouses and office buildings.
The UAEs 12 Free Trade Zones (FTZs) can be an attractive option to establish a small business entity for overseas investors. Currently in expanding online non-oil exports and getting a large amount of companies and overseas direct investment the free zones have been successful. The main benefits in setting up an enterprise entity in a free of charge zone is that you will be entitled to:
100 % foreign possession of the business: Companies keep full control of their businesses at all times because setting up a small business in JAFZA will not require a local partner.
100 per cent repatriation of capital and earnings: Hence there is no restriction in currency all profits can be transferred out of the country as and when required.
No personal taxes and corporate fees: For a period of fifty years you will see any corporate taxes for companies set up in the Free Area.
No recruitment problems: Company can recruit skilled employees from an easily accessible central pool. And to work in the Free Area companies are absolve to generate their own employees.
Unique personnel accommodation and community enclosure: To make a peaceful and substitute environment for multinational staff JAFZA staff accommodation has been specifically made with a variety of amenities and facilities.
Abundant energy: It is very cost-effective to perform almost any kind of business in the Free Area due to abundant energy items.
Availability of pre-built offices, warehouse/factories and land: To suit individual requirements high quality pre-built facilities can be changed. Companies can develop their own service on the plots of land that are available for lease.
An self-employed Free Zone Specialist (FZA) is the agency responsible for assisting companies which create their business in the FTZ and they are also accountable for issuing FTZ functioning licences. FZA governs each free area.
Investors can either register a fresh company in the form of a Free Zone Establishment (FZE) or just establish a branch or representative office of these existing or parent company structured within the UAE or in foreign countries. A Free Zone Establishment (FZE) is a restricted liability company which is governed by the guidelines and polices of the Free Area in which it is established. Under Federal Laws No. 15 of 1998, "except for acquiring nationality in the UAE, the procedures of the CCL will not apply to FZE's provided that the Free Zone has special provisions regulating such companies. "
Once a legal existence has been set up in the Free Zone, the business will demand leasing premises on land and obtaining an operating licence from the FZA. There are different types of licences apply in the various types of Free Zone. Generally companies with commercial and trade licences can only carry out business within the Free Zone of abroad. An UAE public agent is required to sell their products in the UAE. Products and services can be acquired from and within the UAE lacking any agent. Service licences and countrywide licences will be the other styles of licence available. These licences cover banking, delivery, insurance etc. They could be renewed annually as long as a lease contract is in effect with the FTZ.
The types of procedures for establishing a company in a FTZ are usually very easy and if there are no environmental issues included it could be completed within short time. A questionnaire from the relevant FZA must be packed, which will help in assessing the company's needs. After submitting the questionnaire, planning documents, a licence request and a consumer obtain electricity will be given. Provisional acceptance is given with a specimen rent agreement. The particular documents which will include company or personal details are prepared quickly following the company specimen and the expert have satisfied and finalized information on the project
About ARMEN INTERNATIONAL FZE
Armen International FZE was set up in 1998 by Mr. Saied Hossein Manshaie, in Dubai, United Arab Emirates. With an increase of than 20 years International experience the company concentrates in supply of chemicals with deeper understanding of paint, resin, covering and ink recycleables and poly Urethanes. The Company can be found in the Jebel Ali Free Area (JAFZA), one of the most attractive free zone in Middle East.
In today's highly competitive global market, it is a basic need to provide customers with the "Best Services" and "Highly Quality Products" yet with "The Competitive Price. Having accepted these key points, Armen International FZE, endeavour to be more than only a seasonal buyer and seller of commodities. Today the business is one of the leading distributors of chemicals in the region.
Since this past year the business has extended its operations because they build warehouse for import and safe-keeping of products in large and exporting of chemicals. The company provides their customers with total business alternatives for their natural material requirements by giving them constructive professional advices and information and finding them alternative products when needed.
Armen International FZE provides quality, cost-effective and timely alternatives for their customer which is a one-stop look for all the substance requirements. The concept objective of the company is to carry out basic industrial substance trading. Armen International FZE offers a multitude of chemicals suitable for paints, resin, finish and printer ink industry as well as for polyurethane industry.
Armen International FZE distributes chemicals to GCC countries- Gulf Assistance Council Countries (Bahrain, Saudi Arabia, Qatar, Oman, and Kuwait), European countries, Iran and PARTS OF ASIA.
The company source materials regularly, establish long term marriage with the manufacturers and customers, positively promote the best products and continue to be committed to their concepts and beliefs.
The company's success has been gained via an unwavering determination to "Integrity", "Ethics", "Fair Dealings" and last but not the least, "Expertise & Knowledge of the Markets".
The quest of the company is to create products of quality which complies with needs and prospects of these esteemed customers also to provide assistance where necessary to customers to enable them to desire expected benefits from the use of the products.
The eyesight of the business is to keep a harmonious and challenging environment where employees are encouraged to increase and develop to their fullest potential and also to provide their customers the best products and services available on the market to meet their needs and also to go beyond customer expectation in terms of Customer Pleasure, Consistency and Confidentiality.
Company's major clients are Berger Paints, Kemsol Ltd, Hitech sectors, ENOC, Asian Paints LLC, Jotun, Eurochem, Khemji Permoglaze, FSL Chemical Solutions, Al Nahda International Chemicals.
Armen International FZE offers a multitude of chemicals to two major establishments, namely
Paint, resin, covering and printer ink industry
Poly urethane industry
