Home » Services » Door to Door » IMEA » Israel » Payment Israel

Enhancing Trade Dynamics Between UAE and Israel Through Efficient Logistics Solutions

UAE-Israel

Payment

Understand the secure payment methods, currency details, and payment terms involved in transactions between the UAE and Israel.

Payment Methods

Trade between the UAE and Israel uses secure payment methods, ensuring reliability and trust for both parties. Common methods include bank transfers (SWIFT), letters of credit (LC), and online payment gateways, which provide secure channels for cross-border transactions.

Escrow services are also used for high-value shipments, ensuring funds are released only upon successful delivery. These methods offer financial security and mitigate risks for importers and exporters.

Currency

The primary currencies used in UAE-Israel trade are the United Arab Emirates Dirham (AED) and the Israeli Shekel (ILS). Both currencies are freely exchangeable through international banks and exchange services.

For larger transactions, the US Dollar (USD) often serves as a stable intermediary, especially in contracts involving multiple parties. Exchange rates may fluctuate, so businesses are advised to consider forward contracts or currency hedging to manage risks associated with rate changes.

Payment Terms

Typical payment terms range from 30 to 60 days after delivery, depending on the trade agreement. Advance payments or deposits may be required for new partnerships, with flexible credit terms extended to established partners.

Frequently Asked Questions (FAQ)

What are the primary trade routes and transit times between the UAE and Israel?

The main routes include air, sea, and land options. For example, air transit from Dubai to Tel Aviv takes around 4-5 hours, while sea routes from Jebel Ali Port to Haifa Port can take 12-14 days. Detailed transit modes and estimated times are provided in our "Routes" section.

What documentation is required for imports and exports between the UAE and Israel?

Essential documents include a Commercial Invoice, Bill of Lading or Air Waybill, Certificate of Origin, Packing List, and, where applicable, an Insurance Certificate. Export licenses and Certificates of Conformity may also be required based on the goods being traded.

What taxes and tariffs apply for trade between the UAE and Israel?

The UAE generally imposes a 5% customs duty, with exemptions for free trade zones and specific products, while Israel imposes a VAT of 17% on most goods. Both countries have additional tariffs and exemptions based on product type.

Are there any restricted or licensed goods for import/export between the UAE and Israel?

Yes, both countries regulate the trade of items like firearms, pharmaceuticals, and cultural artifacts. Specific licenses and documentation are required to ensure compliance with import/export restrictions.

What payment methods are commonly used in UAE-Israel trade transactions?

Secure payment methods include bank transfers (SWIFT), letters of credit (LC), and escrow services for high-value shipments. Common currencies used are AED, ILS, and USD, with payment terms typically ranging from 30 to 60 days.