The Healthcare industry is one of the major sectors of any country in today’s scenario. It is also one of the largest contributors to a country’s economy. The UAE government is actively focusing on developing and increasing healthcare offerings. It is building world-class hospitals, using the latest technologies, and more. There is a major scope in starting a medical equipment company in Dubai.
The UAE is the popular business destination for enterprises due to its strategic location, excellent transportation system. Its entrepreneur-friendly and the ease of laws makes it simple and cost-effective for business setup in Dubai
How to set up a medical equipment company in Dubai?
The UAE Ministry of Health and Prevention is responsible for maintaining a register of all medical equipment and pharmaceutical products. If you are willing to set up a medical equipment company in Dubai then you will have to obtain registration with the UAE Ministry of Health and Prevention
Procedure to start a medical equipment company in Dubai
- Obtain initial approval from the Department of Economic Development (DED)
- Get the trade name approval from the Department fo Economic Development (DED)
- Prepare and sign the memorandum of Association (MOA) from the local sponsor.
- Rent a physical office for your business
- Submit the tenancy contract
- Obtain the trade license
Which license is required for starting a medical company in Dubai?
In order to start a medical business in Dubai, the company has to obtain a commercial license and register your business in Dubai Mainland. The Department of Economic Development (DED) is the licensing authority that issues license for companies.
- Trade name options
- Specify the business activity that you will be engaged in with relevant to the medical equipment company
- Passport copy of all the shareholders
- Detailed company profile
- Emirates ID of the local sponsor
- Obtain necessary documents with the UAE Ministry of Health and Prevention
Challenges and growth in the healthcare industry in Dubai post COVID-19
The healthcare industry in Dubai is transforming at a substantial pace. With the pandemic outbreak, the UAE health ministry has taken the necessary steps to prevent the spread of the virus across the country. However, health technology leverages smartphones to make a substantial impact in providing care to various regions of Africa.
Saudi Arabia and UAE have taken local manufacturing initiatives and are continuing to invest. Overall the healthcare sector region is one of the most promising and continues to grow dynamically
Setup your medical equipment company in Dubai with MSZ!
If you are planning on business setup in Dubai, you will have to contact the best business consultancy services in Dubai. MSZ Consultancy is one of the leading business consultancy services in Dubai. Our team of professionals will not only assist you on how to establish business in Dubai but will also help you with licensing, understanding the types of company formation in Dubai, and more. Get in touch with us today!