Dubai is established as the business, financial, and commercial hub in the Middle East. It is well known for its hospitality and rich heritage culture. Setting up a clothing store in Dubai is quite promising. Dubai is known to be one of the trendsetters in the fashion world and it hosts several shopping festivals around the year. Hence setting up a clothing store business in Dubai is one of the best ideas.
Here’s how you can start your retail clothing store in Dubai
The Department of Economic Development (DED) will monitor all sorts of businesses in the city. In order to open a retail shop, one has to adhere to the rules and regulations of the authority. Whether you decide on specializing in branded or high-end fashion clothes you need to fulfill the Department of Economic Development (DED) criteria.
- Support of a local partner:
In order to open a retail shop in Dubai, it is mandatory to obtain the support of a local partner who has not less than 51% of share in the business.
2. Obtaining a commercial license:
The businessmen have to obtain a commercial license and in order to do so, the company must be registered under the company register.
- Submit the passport and visa copies
- Obtain the No Objection Certificate (NOC) which is required for initial approval and name approval
- Draft and sign the Memorandum of Association (MOA) with the local UAE partner.
- Decide on the shop space for your business
- Submit all the above documents with the Department of Economic Development (DED) in order to generate a payment voucher.
- Collect the license.
Set up your clothing store in Dubai with the help of MSZ Consultancy!
Obtaining a license from the Department of Economic Development (DED) will allow you to import, manufacture and sell your garments in Dubi. You can also re-export these clothes to other countries as well.
The process of obtaining a license and setting up a clothing store in Dubai seems to be tedious and lengthy, hiring a consultant will be your best option. MSZ Consultancy will provide you the perfect business solutions. Our team of experts will not only guide you in setting up the business but will also help you in every documentation process. Get in touch with us today or talk to our expert before you plan to set up your business in Dubai.