How to start Aircraft Spare Parts Trading License In Dubai?
AIRCRAFT SPARE PARTS TRADING LICENSE
Distributors, manufacturers, maintenance, repairs, and overhaul organizations always search and buy aircraft parts and components. They strive to promote their services and try to make new business connections. Being different from other competing platforms Dubai is one of the emerging markets providing extraordinary functionality and a multilingual approach.
The growing demand in different regions forces aircraft part suppliers to have different distribution channels and Dubai is the gateway between the west and the east due to its geographical importance, so there is the best possibility to thrive well in Dubai. Aviation spare parts buying and selling can be done easily from Dubai, thousands of parts are available in the market what is required to make a new plane.
The International Air Transport Association (IATA) in a studied projection said the UAE’s aviation sector would grow 170 percent, support 1.4 million jobs and contribute $128 billion to the nation’s economy by 2037.
In its latest study on the importance of air transport to the UAE, the Montreal-based organization said the domestic aviation industry at present supports nearly 800,000 jobs and contributes $47.4 billion to the economy, accounting for 13.3 percent of the UAE’s GDP. The past 10 years were marked by key milestones for UAE aviation in terms of fast expansion of airlines’ network, fleet, crew, and infrastructure, as well as the presence in the international markets.
Today the UAE is ranked No.1 globally for air trade facilitation, tops the Middle East region for visa openness, are an aviation powerhouse and its airlines carry the country’s flag to all corners of the globe. To maintain the country’s competitiveness as a leading global aviation hub, sufficient air space capacity to meet demand, infrastructure investments aligned to growth, and rapid implementation of new technology are essential.
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Mainland Company Setup
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
Presently, there is no requirements to deposite the share capital in UAE local bank.
Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space