The fashion business is a store that sells stylish, jewelry, or other luxury goods. Opening a fashion store in Dubai can be a great investment opportunity for entrepreneurs as there is always a demand for new styles and great deals on designer clothes. However, to open a fashion business in Dubai, it requires a lot of planning and decision making. Let us understand how to open a fashion store in Dubai.
Why should you open a fashion store in Dubai?
The fashion industry holds a huge market in the regions of Dubai. If you are planning to start a fashion boutique in Dubai then you need to understand the fashion industry and market that you want to target and provide the necessary products/services accordingly.
Wide range of location options:
One of the major reasons for investors to invest in the Dubai market is the availability of different location options. Each of the options helps their business to set up the company according to the financial stability they hold.
Easier registration process:
The process of incorporating a business in the UAE is easy if conducted with the help of consultants who have in-depth knowledge regarding the proceedings.
Requirements for opening a fashion business in Dubai:
Obtain local support:
Once you have organized your business plan to set up your fashion store in Dubai. Obtain support from the national UAE local partner. The UAE national owns not less than 51% of share in the company.
Business license and registration:
Apply to the Department of Economic Development (DED) to obtain registration and licensing.
Rent shop premises:
Find the right location to rent your shop. And also obtain permission from the necessary authorities.
Paperwork and PRO services:
There are certifications, visas, permissions and PRO services required from various entities required to open a fashion business in Dubai
Procedure to start a fashion store in Dubai:
- Fill the application form related to business incorporation
- Submit your passport and visa copies
- Obtain No Objection Certificate (NOC)
- Draft a Memorandum and Articles of Association with a local partner
- Decide on the location of your business
- Submit the necessary documents with the Department of Economic Development (DED)
- Obtain a business license from necessary authorities
- Open a corporate bank account
Benefits of starting a fashion store in Dubai
- Taxation benefits
- There is no minimum capital requirement
- No restrictions on trading locations
- Dubai is the fastest-growing economy
- Free zone benefits
- First-class infrastructure
- Work along with government bodies
- There is no restriction in currency limitation
- Low import duty
- More options for business activities.
- There are no limitations to the number of visas.
Are you willing to set up a fashion store in Dubai?
Starting a fashion business in Dubai requires following various formalities, licensing procedures, and more. MSZ Consultancy is one of the leading business consultancy services in Dubai. We will not only assist you in how to establish business in Dubai, but will also help you in understanding the types of company formation in Dubai, and more. Get in touch with us today!
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Plan your own logistics consultants business in Dubai Running a logistics business is a challenge, but starting a business where your goal is to help others run their own more efficiently such as a logistics consultancy is doubly challenging. You will need adequate...
The world’s most flourishing economies were not ready for the COVID 19 pandemic that has shunned every country’s normal routine. During these desperate times the primary goal of every country was to reduce the spread of the virus across the citizens and take care of...
When it comes to Mainland Company Formation, Limited Liability Formation in UAE is known to be one of the most developed business entities. There are three kinds of licenses to be issued for business setup in Mainland Company Formation in UAE, namely – Commercial,...
The industrial license in Dubai authorizes business or a company to perform industrial activities such as manufacturing, processing, and other activities in Dubai. To start any business operations in Dubai it is mandatory to obtain an industrial license. This license...
When it comes to senses, fragrance holds a unique place. Perfumes have the essence of bringing back the cherished moments. Perfume comes with a unique identification which is highly acknowledged in the UAE market. Commonly known as “Attar” which is a concentrated form...
Health and fitness are now trending in Dubai and is becoming a fashion in the UAE. Every individual whether local Emirate or ex-pat is working on achieving the goal of attaining the ideal condition of health. Which is giving rise to setting up a gym in Dubai and...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news
Request a call back
Would you like to speak to one of our business advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.