Everything You Need to Know About Setting up a Retail Business in Dubai - PowerPoint PPT Presentation

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Everything You Need to Know About Setting up a Retail Business in Dubai

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Opening a retail business in Dubai whether grocery or makeup stores in Dubai, is an exciting venture. Knowing the legalities, defining your speciality, and selecting the right spot, you can turn your dream into a successful retail store. By following the above tips, you will be on your way to being among the successful retail companies in the UAE! – PowerPoint PPT presentation

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Date added: 12 June 2024
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Title: Everything You Need to Know About Setting up a Retail Business in Dubai


1
EVERYTHING YOU NEED TO KNOW ABOUT SETTING UP A
RETAIL BUSINESS IN DUBAI
2
INTRODUCTION
Dubai is the shining city of the United Arab
Emirates that opens its doors to businessmen with
its strong economy, developing tourism, and
advantageous geographical position. If you have
decided to open a retail business here, then you
are in for a great ride! Here is a detailed guide
that will provide you with all the information
needed to go through the procedure and start
retail companies in the UAE.
3
EMBRACE THE
OPTIONS
  • The following are the legal forms of business
    structures that are available to retail companies
    in the UAE through Dubai. Here are the two most
    common choices
  • Mainland License This gives you full control of
    the business but requires having a UAE national
    as a sponsor who has a 51 share.
  • Free Zone License There are many benefits to
    operating within a free zone, such as full
    ownership of the company, freedom from corporate
    tax, and other bureaucratic procedures. Some of
    the commonly used free zones for retail business
    include the Dubai Multi Commodities Centre (DMCC)
    and the Jebel Ali Free Zone (JAFZA).

4
FINDING YOUR
NICHE
  • Dubai has a highly developed consumer market, and
    there is a demand for virtually any type of good.
  • Based on your knowledge and research of the
    market, choose a specialisation.
  • For example, the beauty care segment is
    especially active, and there is a great need for
    beauty retail stores in Dubai.
  • Regardless of whether you want to open a store
    that focuses on luxury brands, organic cosmetics,
    or a particular makeup trend, there is always a
    place for your idea.

5

LOCATION
  • There are several kinds of shopping paradises in
    Dubai, each targeting a specific type of
    customer. Here's a glimpse into some popular
    options.
  • Malls Dubai is home to some of the largest
    shopping malls, such as Dubai Mall and the Mall
    of the Emirates. The advantages of opening a
    store here include the fact that there is a lot
    of traffic and people will easily recognise your
    brand however, the cost of rent is relatively
    steep.
  • High-Street Locations Choosing a location in a
    busy street such as Sheikh Zayed Road or Jumeirah
    Road can be cheap and bring in people within the
    premises.
  • Community Centres Opening a store in a community
    centre serves a particular area, which creates a
    loyal clientele.

6
LICENSING AND
APPROVALS
  • After the selection of the business structure and
    the location, the next thing to consider is the
    licensing.
  • The Department of Economic Development (DED) is
    the main issuing body of trade licenses in Dubai.
  • If you have chosen a certain type of activity,
    you may need additional permits issued by certain
    authorities.
  • It is, however, also possible to consult business
    setup specialists in Dubai to ease the process.

ESSENTIAL
CONSIDERATIONS
  • Beyond the paperwork listed above, obtaining the
    required visas, hiring employees with similar
    demographics, developing a marketing strategy,
    and making sure all legal requirements are
    metincluding social media marketing for
    tech-savvy clientsare all critical to running a
    successful business in Dubai.

7
CONCLUSION
Opening a retail business in Dubai whether
grocery or makeup stores in Dubai, is an exciting
venture. Knowing the legalities, defining your
speciality, and selecting the right spot, you can
turn your dream into a successful retail store.
By following the above tips, you will be on your
way to being among the successful retail
companies in the UAE!
8
THANK YOU
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