Dubai’s economy continues to surge, with its GDP growing by 3.1% in the first nine months of 2024, reaching AED 339.4 billion, driven by robust performances in logistics (+5.3%), finance (+4.5%), and wholesale trade (+2.9%). 

The Central Bank of the UAE projects 4.7% GDP growth for 2025, supported by non-oil sectors and strategic initiatives under the Dubai Economic Agenda D33. 

Non-oil trade surpassed AED 2 trillion in the first nine months of 2024 (+14.9% YoY), with Russia-UAE bilateral trade hitting $9 billion in 2022 (+68% growth). 

For Russian investors, setting up a trading business in Dubai offers a gateway to the region’s rapidly developing economy. Continue reading further to learn more. 

Why Setup a Business in Dubai from Russia? 

According to a recent report by the Dubai Chamber of Commerce, 29,000 new businesses in the trading and services sector joined the chamber in 2024. As more Russian companies seek expansion, Dubai has emerged as a favored destination. Key reasons include:

1. Ease of Business Setup

The UAE government has streamlined processes for establishing businesses, particularly in Dubai’s free zones. Russian entrepreneurs benefit from simplified regulations and 100% foreign ownership.

1. Sanctions and Restrictions

Many companies face operational challenges due to sanctions on Russia. Dubai’s neutral stance and exemption from these restrictions make it an attractive alternative. Dubai’s regulatory framework complies with international laws while offering neutral trade access. 

1. Free Trade Agreements

The UAE’s numerous free trade agreements reduce trade barriers, enabling Russian investors to export goods and services more efficiently.

1. Low Taxes

Dubai offers zero corporate tax for most businesses and no personal income tax, maximizing profitability for Russian investors. Mainland businesses face 9% tax on profits over AED 375,000, while free zones offer 0% tax on qualifying income. 

1. Residency Options

The UAE provides long-term visas and the Golden Visa program, granting residency to business owners and their families. 

Residency visas require approval from the General Directorate of Residency and Foreigners Affairs (GDRFA). Fees start at AED 2,000 annually. 

1. Free Trade Zones

Dubai’s special economic zones (SEZs) and free trade zones (FTZs) offer tax exemptions and regulatory flexibility, attracting global businesses, including those from Russia.

Trading Company License in Dubai

Russian investors must obtain a Dubai trading license to start a trading business. A general trading license is essential for conducting diverse trade activities. 

Dubai’s commercial licensing framework allows businesses to operate across sectors under a single license. Acquiring this license is critical for legally establishing a trading company.

How can a Russian investor start a trading company in Dubai?

Russian investors must take specific steps in order to launch a trading business in Dubai, including.

1. Select a Trade Name

Choose a unique, relevant name for your business that complies with Dubai’s naming regulations. Ensure it is not offensive or already registered. Submit the name for approval to the Department of Economic Development (DED).

• Plan Business Activities

Define the products or services you intend to trade. Specify these activities in your license application to align with Dubai’s regulatory framework.

• Apply for Initial Approval

Submit an initial license approval application to the DED or a free zone authority. Partnering with a business setup consultancy (e.g., JSB Incorporation) ensures a seamless process.

• Pay License Fees

Costs vary by jurisdiction and activity. For mainland companies, consult the DED portal; free zones publish fees on their official websites. Submit original documents to the Department of Trade Licenses for final approval.

Cost of Trading Company License in Dubai

In Dubai, a trading license costs between AED 25,000 and AED 50,000. Your business type, size, the jurisdiction in which you will operate, the nature of your business, and other factors may affect the cost of starting a trading company.  

You can streamline the process, reduce expenses, and enter the Dubai market with ease by working with an expert business setup consultancy like JSB Incorporation.

Documents Required to Register a Trading Business in Dubai from Russia

Every potential Russian investor must meet specific requirements, such as providing the necessary paperwork, to establish a trading company in Dubai. 

A list of crucial documents that you will need to submit to the relevant department to obtain a commercial license for an import-export business setup in Dubai is provided below.

• Trade name confirmation
• Passport copies of shareholders and directors
• Memorandum of Association (MOA)
• Shareholder agreement
• Proof of ID and address for all stakeholders
• Initial approval from government authorities

Exact document requirements depend on business type and jurisdiction. Refer to the DED checklist.

How JSB Incorporation Facilitates Your Business Setup

In order to assist entrepreneurs and companies in building a solid foundation for success, JSB Incorporation provides a comprehensive trading business setup in the UAE.  

From choosing the best legal structure to acquiring the required licenses and permissions, and more, our team of professionals will help you every step of the way as you set up your company.

Book your free consultation call today with the experts of JSB Incorporation to get started.