The fast-moving consumer goods or the FMCG sector in Dubai represents the important part of the wholesale and retail in the UAE. Cosmetics, hygiene/cleaning products, and foodstuff enter the FMCG category, one of the most profitable worldwide from the business point of view. If you are interested in opening a company in the FMCG sector in Dubai and need details about the taxes involved, we recommend you solicit help and legal services from our lawyers in Dubai.
How to register your company in the FMCG sector in Dubai
A business in the FMCG sector in Dubai is a profitable one, which is why numerous entrepreneurs, local or from abroad choose to open such firm. The products of this category are for daily consumption, have low costs and come in large quantities. Businessmen interested in opening a company in FMCG sector in Dubai need to obtain approval from the Dubai Department of Economic Development. The necessary documents must contain details about the prices, advertising and the permits for selling all kinds of products. We remind that specific requirements and licenses apply when selling alcohol and tobacco.
Details about the legislation regarding the fair competition among retailers in the UAE can be entirely explained by our attorneys in Dubai. Even more, if interested in the taxation system in the UAE, our advisors can provide you with comprehensive information.
The key characteristics of FMCG in Dubai
From a retailer’s or future entrepreneur’s point of view, the FMCG field has a widespread distribution system, high volumes, and low contribution restrictions. When opening a business in the FMCG sector in Dubai, an entrepreneur knows that this sector involves a rapid consumption, low prices, regular acquisitions and low contribution when choosing a product.
Why open a business in the FMCG sector in Dubai?
Dubai is among cities where tourism developed quite fast in the last decade. The market also increased during these years, offering numerous possibilities for entrepreneurs to access the FMCG sector. Retailers can be found in Dubai’s well-known and appreciated malls, shops, or supermarkets. Businessmen interested in opening companies in the wholesale sector can easily set up an enterprise, and as soon as the documents have been approved, they can start selling their products in various ways, through shopping malls, small shops, or via the internet. It is good to know that the luxury market in Dubai is quite appreciated, developing in a fast manner, according to statistics in this subdivision.
If you want to know more details about how to open a company in the FMCG sector in Dubai, and about the requirements you need to consider, we invite you to contact our law firm in Dubai.