A courier company is a business that specializes in the transportation and delivery of items, such as documents and packages, from one location to another. They offer pick-up services, sort and package items, utilize various modes of transportation, provide tracking and documentation, and ensure timely delivery to the recipient’s specified address. Courier companies play a crucial role in facilitating commerce by offering efficient and reliable delivery services to individuals and businesses across different sectors.
The business activities that fall under Courier Company are:
Courier activities (5320.00): This refers to the operations of companies that provide courier services without a universal service obligation. These companies specialize in picking up, sorting, transporting, and delivering letter-post, mail-type parcels, and packages domestically or internationally. They may use various modes of transport, including private or public vehicles, to ensure prompt and secure delivery. Courier activities also include the distribution and delivery of mail and parcels, as well as home delivery services. However, the transport of freight is excluded from this class, as it focuses on smaller items that can be efficiently handled within the courier network.
- Third-party Approval (POST): After obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Emirates Post Group / Roads and Transport Authority (RTA).
- Filing of Economic Substance Return: Business activity 5320.00 is exempt from this requirement.
- Anti-Money Laundering Compliance: Business activity 5320.00 is exempt from this requirement.
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