Besides its futuristic architecture, great culture, or desire for luxury, Dubai is known as a shoppers’ heaven, where tourists can buy everything they wish. Setting up a shop in Dubai can be a great opportunity for young entrepreneurs or for businessmen who decide it is time to set up their activities as retailers on the opened market of the Emirates. There are several conditions to meet when opening a shop in Dubai, and complete legal support in this matter can be obtained from our lawyers in Dubai.
How to open a shop in Dubai
There are numerous companies operating in Dubai’s retail, a sector which flourishes each year. Entrepreneurs who want to open a shop in Dubai must first register the company under which the activities will take place. The Dubai Economic Department issues the necessary commercial licenses in order to open your store, but please consider that other permits might be required for different types of products you wish to sell in your shop. The company registration in Dubai is an easy process, but complete legal help in this matter can be offered by our attorneys in Dubai. When drafting the documents, our team can help speed up the procedures, in order for you to start your activities as a retailer. As a recommendation, a merchant account is necessary for your store, in order to offer different payment possibilities for customers, besides the cash method.
For more details about how to set up a shop in Dubai, please watch the video below:
What can you sell in Dubai
An entrepreneur can sell anything he/she wants through a shop in Dubai. Food, beverages, clothes, jewelry, electronics, cosmetics, or products related to sports can be found in varied stores in Dubai, among many others. Even though the market is attractive and there are numerous shops providing different products, one can direct the attention on imported goods like quality coffees and linked products to sell in his/her store. The purpose is to attract customers with a variety of goods which cannot be found in every shop or which are from countries which want to enter the rich market in Dubai. Please consider that a special import license needs to be obtained if you decide to import products from abroad and sell them in your shop in Dubai.
Anyone who wants to work as a freelancer can apply for both a visa and a freelance permit. A bachelor’s degree or specialist diploma is required of the principal applicant. Additionally, they need to demonstrate that they made at least AED 360,000 in the previous 2 years. So, feel free to contact us for support in getting a freelance visa for Dubai.
Information about the retail sector in Dubai
Dubai is home to about 100 shopping malls, each of them hosting varied shops, in a continuous search of providing what’s best on the market for tourists around the world. As it is known, shopping is an important part of the economy of the Emirates, including Dubai which is known as a preferred shopping destination for numerous tourists worldwide. Even though the retail sector in Dubai is challenging, any entrepreneur can establish a company in the city with the purpose of opening a shop and sell all kinds of items. As for the numbers in this area, about AED 220 billion are expected in the retail sector this year.
Complete legal assistance when setting up a shop in Dubai can be requested from our law firm in Dubai if you contact us.