BHARAT MART
The Comprehensive Economic Partnership Agreement between the UAE and India is supposed to be improved by Bharat Mart. The project aligns with the overall objective of giving Indian companies an effective platform to contact customers around the world.
- An new marketplace called Bharat Mart is set to start up in Dubai in 2026. The UAE and India will have closer trading relations as a result of this project. DP World introduces the initiative. This project will help reach the $100 billion non-oil bilateral trade target by 2030.
- The proposed project has a 2.7 million square foot footprint. For Indian companies, Bharat Mart would act as a big distribution center. There are 1.3 million square feet in the first phase. The UAE will benefit from this project’s promotion of internal trade and reexporting to foreign markets. The market will be located in the Jafza, or Jebel Ali Free Zone. With 1,500 showrooms, it will provide services for both retail and wholesale. A Grade A warehouse spanning over 700,000 square feet will also be included. The close proximity of the marketplace to Jebel Ali Port and Al Maktoum International Airport guarantees smooth multimodal logistics solutions for exporters based in India.
What are the license costs?
Jebel Ali Free Zone
Compared to other businesses of a similar nature in Dubai, the license fees for Jebel Ali Free Zone and Bharat Bazaar Traders Market are 15%–20% less.
| Jebel Ali Free Zone (pure Free Zone / non-retail proposition) | Amount (AED) |
|---|---|
|
Registration of Business (one time cost) |
5,000 |
|
Trading License cost per commodity (Commodity specific) |
5,000 |
|
Other Fees |
0 |
|
Cost for First Year |
10,000 |
|
Cost from second year onwards |
5,000 |
Additionally, a general trading license covering all approved commodities and goods is offered for AED 15,000 per year.
| Bharat Mart Traders Market (hybrid proposition: Free Zone + Retail) | Amount (AED) |
|---|---|
|
Registration of Business (one time cost) |
5,000 |
|
Trading License cost per commodity (Commodity specific) |
5,000 |
|
Other Fees |
1,050 |
|
Cost for First Year |
11,050 |
|
Cost from second year onwards |
6,050 |
What are the costs for the warehouse and showroom?
Warehouse costs
Warehouse Sizes : 150 sq.mt. | 220 sq.mt.
Cost of leasing or renting per square meter annually (in AED) : AED350
- The rental or lease costs listed below are merely estimates based on Phase 1 of the Traders Market, which has been put into operation in Jebel Ali.
- The actual costs will be disclosed beforehand and are subject to change at the time of final agreements.
- Additional arrangements are being devised specifically for India’s exporters and traders, including early bird discounts, grace periods for payments, and other offers.
- Within the Bharat Bazaar, distinct clusters of stores selling commodities (such as leather, textiles and clothing, and electronics) will be established.
- Showroom leases are for a minimum of two years and a maximum of three years, renewable after that.
- A specialized warehouse lease will have a minimum term of two years and a maximum term of three years, renewable after that.
- In addition to this, “pay per use” common user warehouses are offered.
Showroom costs
Showroom Sizes : 17 sq.mt. | 21 sq.mt. | 27 sq.mt.
Cost of leasing or renting per square meter annually (in AED) : AED 500 to AED 1000 depending on location and size of the shop
- The rental or lease costs listed below are merely estimates based on Phase 1 of the Traders Market, which has been put into operation in Jebel Ali.
- The actual costs will be disclosed before and are subject to change at the time of final agreements.
- Additional arrangements are being created specifically for India’s exporters and traders, including early bird discounts, grace periods for payments, and other offers.
- Within the Bharat Bazaar, distinct clusters of stores selling commodities (such as leather, textiles and clothing, and electronics) will be established.
- Showroom leases are for a minimum of two years and a maximum of three years, renewable after that.
- A specialized warehouse lease will have a minimum term of two years and a maximum term of three years, renewable after that.
- Furthermore, “pay per use” common user warehouses are offered.
Starting a Bharat Mart Business
With the help of Start Any Business (SAB), establishing a business in Dubai is simple. This short guide will take you through the process of setting up a UAE mainland business in Bharat Mart.
- Selecting a Business Activity and Obtaining Approval for Name:
Decide on the kind of business activity you wish to take part in and get approval for your business name. - Get an Initial Approval:
Send in your application to get permission to establish your business. - Get the MOA and court notarization ready:
Finalize the required legal paperwork, such as the Memorandum of Association (MOA) and Court Notarization. - Get a Tenancy Contract and Office Space:
To run your business, find an office and complete the tenancy agreement. - Last Resignation for Company Structure on Mainland:
Finish the last procedures needed to establish up your mainland business in the United Arab Emirates.
Establishing a business in the United Arab Emirates, like Bharat Mart, has several benefits.
- Corporate tax exemption of 100%.
- For a local Dubai mainland license, there is no capital required.
- Ready to do business anywhere in the mainland United Arab Emirates.
- Simplified procedures for obtaining work permits.
- 100% of capital and profits may be returned.
Disclaimer: Above all information is for general reference only and sourced from internet, before making any kind of decision please visit the authorized websites of authorities and service providers.