Dubai is a multicultural hub that observes a high inflow of Indians each year. The UAE’s government continues to introduce new reforms to empower and encourage Indian business investors to start a cosmetic business in Dubai.
Launching a cosmetics trading company is hassle-free as the licensing and approval processes are well-defined and cost-effective. Furthermore, the procedures become easier than ever when you collaborate with the business consultants at Shuraa Business Setup.
What is a Cosmetic Trading Business in the UAE?
The cosmetic trading business is a booming industry in the UAE. Dubai is a popular tourist destination, and people from around the globe find the desired cosmetic products here. Moreover, the diversification of products in the UAE is unparalleled when compared to other cosmetic hubs.
You need to apply for a cosmetic trading license to set up a cosmetics business in Dubai. In addition, investors enjoy free trading within Dubai and across other Emirates with company formation in the mainland region. It’s a lucrative business venture that can be explored by Indian business aspirants and other expatriates.
What are the Steps to Set Up a Cosmetics Business in Dubai?
It’s imperative to follow all the rules and regulations established by the UAE’s government to enjoy risk-free business functioning. In addition, you should be well-versed with the protocols on how to import and sell perfumes & cosmetics, trading guidelines, etc.
Here are the steps you must follow to launch a cosmetics business in Dubai:
- List Down the Business Activities
- Name approval Registration
- Choose the Preferred Business Location
- Register the Products
- Apply for a Cosmetics Trading License
- Manage Visas and Open a Bank Account
Here, we discuss all these steps in detail:
1. List Down the Business Activities
You must shortlist all the business activities required to start a cosmetic business in Dubai. Ensure that you cover all the business activities you’ll be carrying out the post-successful establishment of your company.
Moreover, you can also apply for external approvals to make amendments to your existing list of activities. For that, all you need to do is get in touch with the business experts at Shuraa Business Setup. We’ll help you raise requests for external approvals by taking care of application forms, documentation, etc.
2. Name approval Registration
Name registration is an initial & mandatory step for opening a cosmetic business in Dubai. It serves the purpose of brand protection while also helping you to establish your brand’s identity. Ensure that you follow all the naming convention guidelines to align the government’s protocols.
Never use derogatory terms or words that hurt an individual’s sentimental or religious beliefs. Furthermore, remember that the trademark registration process involves an additional fee in the case of a foreign trading name.
3. Choose the Preferred Business Location
Where do you wish to set up a cosmetics business in Dubai? You have flexible options including the mainland region & any of the free zones. Your business activities and budget will help you decide the ideal business location.
You can start your cosmetics company in the Mainland and Free Zone. Make sure to choose the best business location as per your requirements.
4. Register the Product
Indian investors and other expatriates need to register their cosmetic products before starting with marketing activities. All you need to do is visit the Dubai Municipality’s product registration portal and finish the registration procedure.
The business consultants at Shuraa Business Setup help you with cosmetic product registration in Dubai on the Municipality’s portal and much more. The best part is that all these services are cost-effective and among the lowest in the industry.
5. Apply for a Cosmetics Trading License
You can apply for a cosmetics trading license once you’re done with all the steps mentioned above. In addition, Indian business aspirants can approach the DED for license approval if they’re opening a mainland company.
For a free zone/offshore establishment, you can get in touch with the concerned jurisdiction. Moreover, ensure that you submit all the mandatory documents and settle the outstanding payments within the deadlines.
6. Manage Visas and Open a Bank Account
Visa management in the UAE is hassle-free and straightforward. You can apply for visas for yourself and your family members by following the business setup process. You’ll get the visa permits if all the documents and applications you submitted are in order.
A corporate bank account plays a pivotal role in managing your company’s monetary transactions. Always open a bank account in a reliable bank that offers top-notch banking facilities and long-term benefits.
How Much Does it Cost to Start a Cosmetic Business in Dubai?
The cost of your cosmetic trading company in Dubai depends on multiple factors. You can expect anywhere around AED 28,000 as the setup cost of your cosmetics business. The expatriates and Indian investors need to pay one-time and recurring costs as part of establishment costs.
Shuraa Business Setup company formation experts ensure that you don’t pay a single penny extra for starting your company. Our transparent procedures help you save a handful of money and time that can be utilized in other activities.
Benefits of Establishing a Cosmetics Trading Company in the UAE
- Wide Range of Products: you have permission to deal in a wide array of products when you start a cosmetic business in Dubai. The diversified cosmetic products include creams, lotions, perfumes, deodorants, skin products, gels, and a lot more.
- Low Tax Rate: the best part about conducting your business activities in the UAE are the low tax rates. Furthermore, you don’t need to pay any corporate taxes, and the VAT rate is also a very nominal 5% ( VAT is only applicable when products are sold within UAE, products sold outside UAE will have 0% VAT )
- Flexible Location Options: you can easily rent office space in Dubai and get started with your business operations. In addition, relocation is hassle-free and doesn’t cost a lot.
Launch your Cosmetics Business in Dubai Today!
Your decision to start a cosmetics business in Dubai is the right one, thanks to several business benefits. You can deal in a wide variety of products, choose the desired business location, and enjoy various tax exemptions.
All you need to do now is connect with the business experts at Shuraa. We take care of licensing, banking, translation work, and a lot more for your sheer convenience. Now is the right time to set up a cosmetics business in Dubai, and Shuraa Business Setup is your ideal business partner.