FMCG Company Setup in Dubai: Wholesale & Retail business is considered to be Dubai’s most vital industries, due to the coming of foreign visitors in large numbers to the emirates annually. Majority of the products offered by Dubai companies belong to the FMCG (Fast Moving Consumer Goods) sector, represented by toiletries, cosmetics and foodstuffs. A specific aspect associated with Dubai’s FMCG sector is majority of the cosmetics offered by retail stores tend to form Dubai’s luxury market. Hence, if interested to establish a company in FMCG sector, there are several products to sell. Moreover, companies are allowed to be formed by foreign investors in Dubai’s FMCG industry or any of its freezones.
We have our company formation agents providing support to clients in Dubai. Our agents do offer valuable information pertaining to FMCG industry related legislation.
Licensing & Registering FMCG business in Dubai
Wholesale & retail sector at this point of time is found to employ over 20 percent of Dubai’s workforce. Majority of the employees are employed in supermarkets and small shops and mostly in shopping malls. When trying to start a business in Dubai’s FMCG industry, you need to register your business with Dubai Dept. of Economic Development to make application for commercial license.
However, the FMCG company is to comply with numerous requirements pertaining to documents essential for the permit including discounts, prices and advertising of products that are meant for sale, so as to avail commercial license.
Dubai FMCG Companies – Special Requirements
As per International Standards & Industrial Classification, alcohol and tobacco products are regarded as FMCG products. Special requirements do apply to retail such products.
It is crucial for foreign investors trying to set up business in Dubai’s FMCG sector to know that it is only at special places and having valid permit that alcoholic beverages should be sold. Even if the UAE is considered to be more permissive when compared to other regional countries, it is essential to adhere to the set laws concerning alcohol sale.
FMCG Company Setup Cost in Dubai
You have to go through several steps, some of which are complex and less complex. In general, the first thing to do is to choose a business activity. From here, you need to determine the company name, fill out and submit registration documents to the relevant institutions, open a bank account, and apply for the necessary visa.
The details of this process vary greatly depending on the type of license you apply for and the type of business you want to run. Therefore, before starting any of these steps, the first call port should always consult a company setup specialist. The company walks through all aspects and ultimately the whole process takes less than a few hours.