Every year, many people from India visit the multicultural metropolis that is Dubai. There are number of Indian entrepreneurs wishing to start a cosmetics business in Dubai, UAE.
However, there’s a lot of confusion seen in the process of how to start a cosmetics business in Dubai, UAE. Hence, today we’re going to discuss and share in detail and in-depth knowledge on how to start a cosmetics business in Dubai, UAE.
Government officials in the United Arab Emirates are making it easier for Indian cosmetics entrepreneurs to set up shop in Dubai.
The licensing and authorization processes for a cosmetics trade corporation are simple and inexpensive to implement. Working with the business advisors at ReCorporate simplifies the processes even further.
Let’s Understand What is a Cosmetic Trading Business in the UAE
In the United Arab Emirates, cosmetics trading is a flourishing business. People from all over the world flock to Dubai in search of their favorite beauty items, and you can find them all here.
In addition, the UAE’s selection is unsurpassed in comparison to other beauty markets.
If you want to open a cosmetics store in Dubai, you’ll need to apply for a cosmetic trading license. With a mainland company establishment, investors can freely trade within Dubai and among the other Emirates. Entrepreneurial-minded Indians and other foreigners can find a lot of financial success in this field.
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What are the Steps to Set Up a Cosmetics Business in Dubai?
In order to conduct business in the United Arab Emirates (UAE) without incident, it is essential to adhere to all local laws and regulations. You need to know the rules and regulations surrounding the import and sale of perfumes and cosmetics, as well as the norms and standards associated with international trade.
Here are the steps you must follow to launch a cosmetics business in Dubai:
- Listing of Business Activities
- Name & Initial Approval
- Selection of a Perfect Business Location
- Products Registration
- Cosmetics Trading License Application
- Managing Visas & Opening a Bank Account
Now let’s discuss all these steps in detail:
1. Listing of Business Activities
To launch a successful cosmetics company in Dubai, you need to compile a list of all the necessary business tasks. Make sure you include all the operations that your organization will perform once it is up and running.
You might also seek external authorization to expand your current scope of operations. To do so, simply make contact with the corporate specialists at ReCorporate. We will assist you with submitting applications, gathering necessary paperwork, etc., in order to gain external approvals.
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2. Name & Initial Approval
Getting a business name registered is the first and most important step in starting a cosmetics shop in Dubai. It helps you build the identity of your brand while also serving the aim of protecting it. Be consistent with government procedures by adhering to the prescribed name conventions.
Avoid using language that are offensive to others or that could be seen as a slight to a person’s religion. Keep in mind that registering a trademark for a foreign trading name will cost more than registering a trademark for a domestic one.
3. Selection of a Perfect Business Location
Where in Dubai would you like to open a beauty supply store? The free zones and the mainland are both viable possibilities for you. Your company’s goals and resources will dictate where you should set up shop.
A cosmetics business can be launched in both the Mainland and the Free Zone. If you want your business to succeed, you need to pick the right place.
4. Products Registration
Before beginning marketing efforts, Indian investors and other foreigners must first register their cosmetic items with the government. Simply complete the registration process on the Dubai Municipality’s product registration portal.
ReCorporate’s business advisers are here to assist you in registering your cosmetics with the Dubai Municipality through their online portal. The best thing is that the prices for these services are really competitive.
5. Cosmetics Trading License Application
Following the aforementioned procedures, you will be eligible to apply for a cosmetics trading license. In addition, Indian entrepreneurs who wish to establish a presence on the mainland can apply to the DED for the necessary licenses.
Contact the relevant authority to inquire about setting a shop in a free zone or offshore jurisdiction. Also, don’t miss the deadlines for submitting required paperwork and paying off balances.
6. Managing Visas & Opening a Bank Account
Processing visas in the UAE is simple and quick. If you follow the steps to establish a company, you’ll be able to apply for visas for you and your loved ones. If everything you filed for your visa application is in order, you will receive the necessary permits.
When it comes to handling the financial activities of your business, having a corporate bank account is essential. Always choose a trustworthy financial institution that provides you with excellent services and long-term benefits when opening a bank account.
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Cost of Starting a Cosmetic Business in Dubai?
Opening a cosmetics trade firm in Dubai might be expensive for a number of reasons. The first investment required to launch a cosmetics company is roughly AED 28,000. Expatriates and Indian investors will have both upfront and ongoing expenses.
while you choose ReCorporate, you can rest assured that you won’t have to pay any hidden fees while incorporating your business. By following our open procedures, you can save time and resources that can be put to better use elsewhere.
Benefits of Establishing a Cosmetics Trading Company in Dubai
Extensive Selection of Goods & Products: You can legally sell a wide variety of items when you open a cosmetics shop in Dubai. Cream, lotion, perfume, deodorant, skin products, gel, and many more are only few examples of the wide variety of cosmetics available.
Moderate Taxes & Other Benefits: The low tax rates in the UAE are the nicest thing about doing business there. In addition, there are no corporation taxes to pay, and the VAT rate is only 5% (VAT applies only to sales within the UAE; sales outside the UAE incur no VAT).
Flexible Location Options & Possibilities: Renting an office in Dubai is a simple process, so you may open for business immediately. Another plus is that moving is easy and inexpensive.
Launch your Cosmetics Business in Dubai Today!
Several factors make it a good idea for you to launch your cosmetics company in Dubai. You have a lot of leeway in the kinds of goods you can trade, where you can set up shop, and in the kinds of taxes you pay.
Now is the time to get in touch with ReCorporate’s professional business consultants. We handle the paperwork associated with licensing, banking, translation, and much more so that you don’t have to. If you’re looking for a reliable business partner in Dubai, ReCorporate is there for you at this exciting time.
If you still have any questions or queries on how to start a cosmetics business in Dubai, please feel free to comment below or contact us to have a free business consultation.