DISPLAYING ITEMS BY TAG: Trade

Dubai Chamber of Commerce’s services such as Certificates of Origin, and attestation will be accessible on the Dubai Trade Portal

Dubai Trade, a DP World company and the Dubai Chamber of Commerce have signed an agreement to allow the local business community easier access to the Chamber’s trade services. This includes certificates of origin, attestation, and other membership services, which will be accessible on the Dubai Trade Portal, a single window platform for international trade.

The agreement was signed by H.E. Hamad Buamim, President & CEO of Dubai Chambers and Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza.

H.E. Hamad Buamim, President & CEO of Dubai Chambers said: “Our aim has always been to cement Dubai’s position as a leading global business hub and facilitate Dubai’s trade and investment flows with other markets around the world. Through our collaboration with Dubai Trade, we believe that our aim of enhancing the Emirate’s competitiveness in key sectors such as trade and logistics will be much more achievable, as we will be able to integrate various services on a common platform and ensure faster and easier business operations. Moreover, this strategic partnership with Dubai Trade falls in line with our digital transformation efforts and Dubai’s Paperless Strategy, as the platform will further encourage us to adopt a paperless approach to trading operations and payments.”

Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza said: “As a leading trade enabler, we believe in providing integrated trade solutions that enable our customers to look beyond the horizon. Through our partnership with the Dubai Chamber of Commerce, we aim to further enhance our customers’ experience, helping them leverage through key services and providing a wider range of solutions. In addition to that, we are confident that our collaboration with Dubai Chamber of Commerce will open doors for our users to deal with global corporations and investors, uplifting their businesses to greater standards by capitalising on international trading opportunities.”

Hussain Al Blooshi, COO, Dubai Trade said, “Dubai Trade has played a pivotal role in increasing the competency of the industry by leveraging the robust trade and logistics capabilities through its Single Window. We work closely with our clients to develop a thorough understanding of their requirements and collaborate with key players in the trade sector, which has established us as a single-window for cross border trading in Dubai. Dubai Chamber of Commerce services are a significant addition to our customers to facilitate trade and further enhance ease of doing business, and we believe that this partnership will surely add value to our platform’s users, enabling seamless access to international markets.”

The latest collaboration between Dubai Chamber of Commerce and Dubai Trade aims to boost Dubai’s position as a leading global trade hub by streamlining the trade process and offering faster operations for more than 180,000 customers.

Dubai Trade offers 24/7 access to over 700 digital trade and logistics e-services, allowing its customers a seamless trading experience. These include Customs eClearance, ePermits, Port eClearance, ePayments, company licensing and Free Zone administrative services.

Dubai government has launched Ecommerce strategy in Sep 2019, with aim to transform Dubai into a world class Ecommerce hub will which benefits Dubai’s economy.

It is based on three key pillars:
1. Make Dubai as logistics hub to serve the region
2. Promote Dubai as service and talent hub and attract leading global Ecommerce players
3. And lead by example for Safe Ecommerce market

Project aims to fulfill these strategic objectives and ambitions to make Dubai as Ecommerce hub.

This initiative will have changes in existing Dubai Customs processes wherein the Ecommerce companies can submit bulk E-Commerce Declarations and avail E-Commerce (B2C) benefits. Various other impact on other Declaration processing stages have been assessed and implemented as part of this release.

There are many logistics companies operating in free zones having contract with overseas and local Ecommerce companies to store goods in their premises (warehouse). Customs shall now be able to identify the actual associated companies i.e. actual owner of the goods where 3PL is acting as Free zone Importer / Free zone Exporter using “Cargo Ownership” and “Associated Owner” attributes.

Further to identify a transaction as E-Commerce or non E-Commerce, there is introduction of a new field in declaration called "Trade Type". Trade Type should have two values (E-Commerce or non E-Commerce) in applicable declarations.
Below additional information via Dubai Trade user interface or B2G channel is required:
• Trade Type = E-Commerce or Non-E-Commerce
• Cargo Ownership = Self Ownership or Other Company Ownership (if declarant is 3PL Company)
• Owner Associated Company = Business Code of the Associated Company (in case Cargo Ownership = Other Company Ownership)

With help of this initiative, we will be able to identify declaration as E-Commerce or Non E-Commerce in order to encourage and retain E-Commerce players in the region. Recognize E-Commerce companies to ease regulations and provide benefits. Aapplicable declaration service charges/duty/deposit will be made cheaper.

Dubai Customs takes another step forward in supporting Traders within Dubai to overcome business challenges by launching the ‘Trader Export Report’ service, which will help support traders to zero rate goods exported by clearing agents or assigned freight forwarders by overseas buyers. These Traders faced a challenge whereby they were unable to zero rate exported goods due to the lack of documentary proof of export.

The new online service aims to provide the necessary official proof required by the VAT legislation in order for these Traders to zero rate the export of goods within the specified period.

The Importer is requested to provide the correct import declaration numbers to the exporting agent of the overseas buyer so that correct import declarations will be referenced in the export declarations. This will enable the importer to generate the Trader Export report with accurate records of imports and exports in order to provide proof of export in conjunction with the Exit Certificate.

‘Generate Trader Export Report’
• Importer/Exporting Agent will generate the report by providing Importer Business Code and period range in which report data is required.
• Importer/Exporting Agent will then view and download this Trader Export Report to support the zero rating of exported goods.
• For purpose of FTA verification of the validity and authentication of the report, Customs is also providing a facility for FTA to view, search, download or generate the report, whereby the FTA can search the report submitted by an importer/Exporting Agent or can generate a new report based on the importer’s TRN. The FTA may also request the Importer/Exporting Agent to provide the Exit Certificate.

The user-friendly service is available on Dubai Trade Portal and will be applicable for the following cleared declaration types:
• Import to Local from ROW
• Import to Local from FZ
• Import to Local from CW
• Import to Local from GCC (Statistical Import)
• Export from Local to ROW or Export from Local to GCC (statistical export) which mention any of the above inbound declaration types as Previous Declaration Number (PDN) in the applicable line items

Note that the trader is still required to meet all the other requirements for zero rating the export of goods, including the retention of the exit certificate and commercial documents proofing the export, and ensuring the goods are exported within the prescribed period of 90 days of the date of supply. This Trader Export Report will only apply to imported goods, which were subsequently exported, and does not apply to goods acquired locally.