Used Spare Parts Trading in Dubai involves buying and selling pre-owned or used spare parts for various industries, including automotive, aviation, machinery, and more. The market of Used Spare Parts Trading in Dubai is broad, allowing businesses to specialize in specific sectors or offer a wide range of used spare parts.
For instance, in aviation, a Used Spare Parts Trading license in Dubai enables trading aircraft scrap and used spare parts obtained from dismantling and scrapping old aircraft. This can include components such as engines, landing gear, avionics systems, control surfaces, and other parts that are still in usable condition. The scope of this business activity allows companies to serve both domestic and international clients, catering to the needs of airlines, aircraft maintenance organizations, and other entities involved in the aviation industry.
4669.77 Aircraft Scrap & Used Spare Parts Trading
Apply for your business license under Wholesale of Waste and Scrap and Other Products n.e.c. and choose the business activity Aircraft Scrap & Used Spare Parts Trading with activity code 4669.77.
With your Used Spare Parts Trading license, you can resale aircraft scrap and used spare parts. You can acquire these items by dismantling and scrapping old aircraft. As a licensee, you can trade these specific goods, offering them for sale to customers in the aviation industry or other relevant sectors.
In addition to the Used Spare Parts Trading, your trade license for wholesale of waste and scrap and other products n.e.c. (not mentioned elsewhere), encompasses the wholesale of various products. This includes industrial chemicals such as aniline, printing ink, essential oils, industrial gases, chemical glues, colorants, synthetic resin, methanol, paraffin, scents, flavorings, soda, industrial salt, acids, sulfurs, starch derivatives, and more. The license also covers wholesale trade in fertilizers, agrochemical products, plastic materials, rubber, textile fibers, paper in bulk, metal and non-metal waste, and scrap for recycling, as well as materials for collecting, sorting, separating, packing, repacking, storing, and delivering. However, it does not involve a process of real transformation. Furthermore, your license permits dismantling of automobiles, computers, televisions, and other equipment only to obtain reusable parts for resale.
Certain activities are explicitly excluded from your Used Spare Parts Trading license under wholesale of waste and scrap and other products not elsewhere classified (n.e.c.). These exclusions include the collection of household and industrial waste and treating waste not intended for further use in an industrial manufacturing process but for disposal. Additionally, the processing of waste and scrap, and other articles into secondary raw materials is excluded unless a genuine transformation process is involved, resulting in secondary raw materials suitable for direct use in an industrial manufacturing process (but not as final products). Furthermore, your license does not cover dismantling automobiles, computers, televisions, and other equipment for material recovery. The shredding of cars using a mechanical process, ship-breaking, and the retail sale of second-hand goods are also not included within the scope of your license.
Used Spare Parts Trading in Dubai does not require third-party approvals to operate in Dubai. This means businesses engaged in these activities can start and run their operations without additional approvals or permissions from external entities.
ESR & UBO
Businesses related to Used Spare Parts Trading are exempt from UBO (Ultimate Beneficial Ownership) and ESR (Economic Substance Regulations). UBO refers to the identification and reporting of individuals who have ultimate ownership or control over a business entity, while ESR pertains to regulations that require businesses to demonstrate legitimate economic activity and substance within the jurisdiction where they operate.
AML (Anti-Money Laundering) regulations do not apply to Used Spare Parts Trading. AML regulations in Dubai primarily focus on preventing and detecting money laundering and terrorist financing activities.