The Cosmetics business in Dubai is quite profitable. Dubai is a great place to conduct any kind of business. The cosmetics industry, which has a sizable market in every country in the world, is one of the most profitable sectors in the world. Euromonitor International has provided information showing that consumers in the UAE spend US$239 per person on cosmetics and personal care items. This shows the enormous potential for the cosmetics sector, which is aiming to make Dubai the new global center of beauty. If you are a business owner or investor looking to make an investment, you may want to consider the cosmetics sector, which has a lot of potential.
This article will highlight the main points that will make it clear to you why you should move forward in this field and establish a business in Dubai. Let’s get in-depth.
Why open a Cosmetics Business in Dubai?
There are numerous reasons to launch a Cosmetics business in Dubai:
- It is one of the most lucrative sectors in the world today and provides new entrepreneurs wishing to enter this industry with tremendous development possibilities.
- With little initial expenditure, you can start a small operation; yet, as you gain experience, you can grow your firm even more.
- It is not very expensive to set up a cosmetics business in Dubai. The entrepreneur can easily start a cosmetics business.
10 great reasons to start a Cosmetics business in Dubai
Underneath, I will describe each point as follow:
1. Easy access to both domestic and international markets
One of Dubai’s greatest strengths is its geographic location. It is best suited for starting a cosmetics business because of its location. First off, a cosmetics business in Dubai has simple access to regional markets. A cosmetics business can also expand and simply access adjacent international markets.
2. Variety of products
There is currently a huge variety of items available in the cosmetics sector. To target various customers and boost sales, you might concentrate on every category. Below are some of the products:
- Lotions, gels, creams, etc.
- Face mask
- Products for Cleaning and Conditioning
- Perfumes, deodorants, skin care Perfumes
- Personal care products,
- Electrical products
3. Popular tourist destination
Dubai is one of the most popular tourist destinations. Every day, millions of tourists come to the city, which again multiplies the economic chances for the traders who have settled there. Dubai is a well-known location for the cosmetics industry, and visitors do purchase goods there since they believe the city to be distinctive and home to an established brand. Because the area allows traders to transact in any currency, it significantly contributes to leveraging the business to a considerable amount.
4. Full support of the Dubai Government
The Dubai government will give your firm the full and unwavering support it needs by offering the services it needs. The government will also provide a supportive business environment that will ensure the expansion of the company. The Dubai government also makes it simple to register and introduce new cosmetics.
5. Multi-cultural hub
Dubai is renowned as a multiethnic city that is the residence of millions of ex-pats worldwide. There are people of many ethnicities there, and each person has a particular aesthetic preference when it comes to cosmetics. Therefore, there are numerous opportunities for entrepreneurs to step forward and plant their roots.
6. Easy access to Business licenses
Every business must now receive a special license that enables them to conduct business operations as part of the incorporation process. In Dubai, you must currently possess specific permits from recognized government agencies before starting a cosmetics business. One of these licenses is a business license, Regulation HS/001, issued by the Public Health and Safety Department and issued by the Department of Economic Development.
7. Location options
Another factor that encourages investors to invest in Dubai is the availability of a wide range of location alternatives, including Mainland, Free Zones, and Offshore, each of which has unique advantages. Before choosing the best location for your company, you must be certain that you are fully aware of all of the options.
8. Low taxes
The investor or business owner now worries about dealing with tax proceedings when it comes to their business. To attract additional investors, the UAE government has created liberal regulations. The payment of income tax is not required of working professionals, and the UAE recently implemented VAT, which requires businesses to pay a VAT of 5% but only at the Mainland. Therefore, you can start your cosmetics business in Dubai without worrying about paying high taxes.
As a result, it is clear that the mentioned factors are what attract investors and business owners the most. Dubai is regarded as one of the most important business hubs, making it a wise and profitable decision to launch a firm there. In order to incorporate a business, you must be aware that there are legal requirements that must be followed. At this time, wise business owners choose business advisors who can provide them with pertinent incorporation guidance.
9. Protection of brand names and labels
Once you have registered your cosmetic company’s brand name as a trademark with the relevant authorities it then falls under the purview of the government to safeguard it from unauthorized usage.
10. Current Beauty Industry trends
French cosmetics and beauty products are currently quite popular in the UAE. These goods are renowned for their exceptional quality. The following are a few of the hottest trends in the cosmetic and beauty sector:
- Men’s skincare, grooming, and style items are all included.
- Skincare and cosmetics items are made using natural components.
- Adjusting beauty services and products to the needs of the customer.
- Body and facial cosmetic surgery, including BOTOX injections, silicone implants, and fillers body-shaping cosmetic procedures that dissolve fat.
- Less invasive procedures that leave little to no scars on the patient’s skin include facelifts, liposuction, and eye lifts.
In Dubai, a cosmetics business has a good chance of succeeding and establishing itself because of the supportive atmosphere and abundance of business options. It is the ideal time for cosmetic firm establishment given the present trend in the UAE for looking flawless and gorgeous.
If you’re thinking about opening a cosmetics business in Dubai, the first and most important step is to register the firm with the relevant official. After that, the authority will grant you a business license so that you can operate without restriction.
Masar Al Ameen Group, one of the leading business advisors in the UAE, has consistently offered prestigious clients incorporation services in accordance. Their business professionals are familiar with the incorporation process and other business procedures, so they can advise you appropriately at each stage.