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If one wants to start a foodstuff trading business in Dubai, obtaining a license is one of the most thrilling moments for those willing to venture into the F&B market of the city. The location and market of Dubai provides immense potential to the business holder who has dream to expand their business locally as well internationally.
To achieve this, one needs to have proper knowledge about the needful as well as the regulatory need of the marketplace. Even as simple as to conduct market research or choosing between operations as a sole trader or a registered company.
It therefore means that by doing the necessary legal background check, incorporating, strategizing and meeting all the necessary legal requirement it is possible to set up a legal, efficient and profitable foodstuff business in Dubai.
F&B has recorded fast growth in Dubai, as it is a major market center for international and regional food trade. Covering export and import, distribution and sale, this market is virtually inexhaustible for business entities of any scale.
For the licit operation, one has to obtain a Foodstuff Trading License in Dubai from the Department of Economic Development (DED) .Besides, this license can help you legitimize your business, gain entrance to Dubai’s market, and import/export goods as well as establish credibility.
Solutions for licensing include preparing for your license application.
1. Conduct Market Research Know what is trending, what the customer require and what your competitor is offering. Market knowledge will guide you to the right products to trade as well as locate your business within the market structure for effectiveness.
2. Selecting the Form of Business : Choose your type of business location as district or in free zone area.Free zones are known to have a tax incentive while on the other hand a mainland afforded for an easy access to the local market.
3. Select a Trading Name: Choose the appropriate brand which complies with the UAE laws regarding the business name. Solicit approval for a few choices with the DED.
4. Secure a Physical Location: Having one’s own office or commercial warehouse is necessary.To avoid penalties always guarantee that your facilities meet the Dubai Municipality’s set food safety standards.
You’ll need the following:
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