The cosmetics business is one of the most lucrative and fast-growing industries in the world. Dubai, being a cosmopolitan city, offers immense potential for cosmetic businesses. If you have a plan to start a cosmetics business in Dubai, then you need to know some basic things about this industry.
The following guide will help you find out how to start a cosmetics business in Dubai:
- Choose your product range
- Register your business
- Hire employees and set up your workspace
- Obtain the necessary licenses and permits
It is mandatory to register your cosmetic products with the Department of Economic Development (DED), Dubai. The law requires that all cosmetics and personal care products be registered before they are sold in the country. The registration process is quick and simple. - Once you have completed your online application, we will take care of everything else on your behalf from obtaining the required permits and the cosmetics trade licenses to submitting your product information to DED and getting your products approved for sale.
What is Cosmetic Trading Business?
The cosmetic business is an industry that deals with manufacturing and selling beauty products and services. It includes different types of products such as skincare products, make-up products, hair care products, etc. The beauty industry has been growing rapidly over the years. It has become one of the largest industries in the world with huge scope for growth and expansion. There are many multinational companies operating in this industry but there are also small local players also trying their luck from time to time.
Cosmetics companies have a wide variety of products to choose from: skincare, makeup, and perfumes are some of the most popular ones. There are also companies that specialize in hair care and nail products as well as those which provide home-based beauty services such as manicures and pedicures.
Why Start a Cosmetics Business?
There are many reasons why one should start a cosmetic business
- It is one of the most lucrative industries in the world today which offers huge growth potential for new entrepreneurs looking to enter this field.
- You can start a small scale operation with little investment initially but once you gain experience you can expand your business further.
- It is not very expensive to set up a cosmetics business in Dubai as compared to other sectors like real estate or construction because of all. According to Euromonitor, the global market for cosmetics was valued at over USD 400 billion in 2017. The UAE’s share of this market is expected to rise from USD 1.4 billion in 2016 to USD 2.5 billion by 2023.
The following are the requirements to register your cosmetic products
- Passport copy (with a validity of more than 6 months)
- Visa copy (issued by the Ministry of Foreign Affairs or a commercial visa if you’re not an Emirati national)
- Emirates ID copy (if you’re an Emirati national)
- Company registration certificate (for companies registered in Dubai only) and trade license (for sole proprietorships and partnerships registered outside Dubai)
- Tax number from the Department of Finance – Commercial Taxes Directorate (for sole proprietorships and partnerships registered outside Dubai only)
We provide a wide range of services throughout Dubai and the UAE, including cosmetics business setup, availing legal support, passport renewal & visa assistance from our partner firms, and accounting and other commercial drafting services to help our customers with their accounting requirements for their businesses. Hassle-free to contact us at +971 558005160.
