July 17th news, recently, the Middle East market cross-border e-commerce company Jollychic (JollyPaic) payment platform JollyPay (practice payment) officially obtained the UAE related payment license, becoming the first batch of companies to obtain such licenses in the UAE.Founded in 2017, JollyPay specializes in payment system construction and services. It has independently built its own payment system and wind control system, and can provide a full-link payment solution. The core members of the team have extensive experience in overseas and localization. Currently, JollyPay has established s...
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When entering the Saudi market, commodities must prepare relevant customs clearance information. Some commodities will have other relevant requirements under specific circumstances. Then what specific matters need to be paid attention to? Let's take you a look at the next part.Customs clearance requirements and import requirements of Saudi Arabian special line(1) The actual consignee or the final consignee needs to designate a Customs registered importer, IOR, to clear the customs, to submit the customs clearance documents and pay the import tariffs, to ensure the smooth arrival of the goo...
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His Highness Sheikh Hamdan bin Rashid Al Maktoum, Chief and Minister of Finance of Dubai and Chairman of the Federal Taxation Bureau of the Free Trade Agreement, has issued a decision that the Tobacco and Tobacco Products Labelling Scheme will be implemented on e-cigarettes and water-cigarettes from 1 November 2019.The plan also determines the date of issuance of the Digital Seals of the Tax System and their storage standards.The Regulatory Authority explained that the plan would help monitor local markets and customs ports, prevent the sale of contraband and unpaid goods, and combat commercia...
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On July 15, it was reported that the Payment and Settlement Department of the Central Bank had recently interviewed some third-party payment institutions to stop cooperating with irregular cross-border payment companies within six months. A person familiar with the matter confirmed the news to reporters. It is worth mentioning that the relevant cross-border business institutions have responded in recent days. For example, PingPong said that it had recently launched an upgrade plan for business models, and Gleebill said it would suspend payment services at Amazon stores in Europe and the United...
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In October 2018, Saudi Minister of Transport announced that Saudi Arabia would build 10 new logistics zones and open them to the private sector. The logistics industry in Saudi Arabia currently has a scale of 65 billion rials and is expected to reach 70 billion rials (about $18.7 billion) by 2020. Zhouyu of Zhonghengyuan believes that with the continuous advancement of Saudi Arabia's relevant planning, Saudi logistics industry will usher in a new period of rapid development in the future. It is mainly based on the following four aspects: 1. Saudi Arabia has obvious geographical advantages...
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Recently, Saudi Standards (Saudi Standards, Metrology and Quality Organization) issued another announcement informing about the latest plans to increase the number of products under five Technical Directives requiring compulsory certification through the SABER system.SASO official website of Saudi Standards Bureau:www.saso.org.saAddress of SABER Certification System (for registration only by importers or agencies):https://saber.sa/Since August 1, 2019, the following five categories of products must submit applications using SABER system and obtain relevant certificates:1. Technical regulation ...
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Because of its huge potential and special business habits, the Middle East has always been a market full of temptation and mystery for Chinese enterprises. The purchasing power of Middle East countries is slightly higher than that of the general Asian countries. The price of the same products in the region remains basically between 6% and 30% and the target and product category positioning. Trade covers 1.3 billion people.According to statistics from the International Monetary Fund, trade growth in the Middle East and Asia has further accelerated, driven by the improvement of the world economy...
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