In a world dominated by the continuous growth of globalization, there are more and more businesses who choose to undertake sales abroad and for this reason it is always greater than request Of specific consultancy tointernationalization.
We have often talked about the benefits that exports (digital and otherwise) can bring for many Italian companies, underlining at the same time the importance of being assisted in this process by professionals with proven experience in the sector.
Today we will discuss of consultancy tointernationalization in relation to the United Arab Emirates, which represents an expanding market of great interest for exports in many fields.
For what reasons the United Arab Emirates is becoming an increasingly popular destination for exports in recent years?
Mainly due to their political stability and a prosperous economy, which translates into a high per capita income in all member states of this federation. This makes the UAE among the continuously growing countries (source Trading Economics).
The Emirates are in 19th place in the importers ranking (source il World Investment Report 2022) for a turnover of up to 21 billion dollars, thanks also to the fact that investors from abroad can now obtain the 100% for the ownership of companies located in the area.
In fact there are in the country of Free Trade Zone (source Italian Trade Agency) where there are no limits to the management of profits, with the possibility of obtaining tax relief for up to 50 years. At the same time, you do not have to pay customs duties.
Important advantages, even if the import tax is around 5% in areas outside the FTZ, therefore not high.
Made in Italy is particularly appreciated in the United Arab Emirates, in particular for the jewelery sector which constitutes 18.8% of global exports (source: Ministry of Foreign Affairs).
Next we find machinery, clothing and cosmetics.
We notice being virtually all business sectors to grow, therefore sell in the United Arab Emirates represents an excellent business option for many Italian companies that wish to expand their business beyond national borders.
An internationalization process, however, requires careful preliminary evaluation and the setting of a strategy that allows the company to optimize time and resources.
There are many possibilities for exporting many products successfully, but to establish your brand in a truly successful and lasting way, several factors must be analyzed with extreme care. They can be listed as follows:
What are the products you would like to export to the United Arab Emirates?
Who are your main competitors?
Do you have an e-commerce that allows international purchases?
You already sell abroad? With what profit margins?
What are your goals, and your timeline?
These are just some of the basic questions for a internationalization consultancy that can allow an internalization process that is truly beneficial for your business, that minimizes risks and fully expresses its potential.
There are some export-related areas in the UAE that will tend to receive greater demand in the future. We talk about renewable energy, new technologies, infrastructure.
As we have already said, however, there are many the sectors market in which to sell in the United Arab Emirates.
Octagona can help you develop internationalization consultancy that allows you to establish your brand abroad in the most effective way, not only in the planning and strategy that underlie this process, but also by dealing with bureaucracy and logistics related to export.
Contact us today to find out everything we can do for you and your business.
Are you interested in our service?
Fill out the form or contact us at the number
+39 059 9770184
Copyright © Octagona. All rights reserved. P.I. 02646871208
