Thing to know before applying for certificate of orgin in Dubai
Importance of certificate of origin in Dubai?
The certificate of origin(CO) is essential for commercial invoices and it has to shipped to the providers to get the privileges of international trade from the UAE. This certificate is helpful for reducing product shipping prices or manufacturing of products bound for exports and provides preferential treatments of import. To prohibit international entry of unauthorized goods helps in the regulation of trades. Free trade and trade relations between export and import companies are added advantages. Business setup in Dubai must complete the process of getting a certificate from the government authorities. This compulsory document is issued by the chamber of commerce in Dubai.
Certificate of origin will be beneficial to obtain preferential duty treatment which is recognized by a free trade agreement.GCC customs unions, European free trade, GCC Singapore are the recent trade agreement of UAE. Those who wish for company formation in Dubai should get confirmed the origin of goods to check whether the shipment requires preferential treatment for their trade relations. It is very important to collect each and every aspect of trade treatments for reformation and agreeing with future trade policies between the trading countries. Collecting import tax procurement of the country enables the trader for reduced customs duties of free trade member countries. To get the benefits, these certificate of origin needs to be submitted with each shipment.
How to apply for Dubai certificate of origin regulations
You can apply certificate of origin for trade from the chamber of Commerce of Dubai online. It is relatively simple and saves time and cost.
- you need to submit a copy of your trade license, your business activity, and other details of the business setup company in Dubai (company name, place, form, the valid trade license, and trade license renewal if).
- Produce the supporting documents and related material that shows the manufacturing/production location of goods.
- Pay the fees from the respective chamber of commerce where you would like to operate your company.
- After submitting your certificate of origin, the respective people will review and verify your rights and forward the certificate to the logistics company/importer of corresponding emirates of UAE.
Dubai customer rules taken the proof of origin of goods from GCC law's article 25. It is said that the framework of international and regional economic agreements is subject to the proof of origin of imported goods and services.
Details of certificate of origin
-Shipping details exporters company, location and contact information
-port details of loading and discharging goods
-voyage details
-Date and time of departure from export company
-Certificate number
-Letter of credit and reference note(if any)
-3rd party trade agreements
-Shipping numbers, packages, description, Tariff code, HS rates, weight of good, marks are included
-Authorization of company representative
You can approach business setup consultants in Dubai for obtaining a certificate of origin from the chamber of Commerce to initiate your trade license agreements for the quickest and easiest services.
Comments
Post a Comment