As per the growing population, starting a grocery store or Supermarket would be a great strategy for every household need. By making available plenty of daily essentials, these stores offer an easy-to-reach experience at one stop. Dubai is one of the emerging economic hubs in today’s time and business setup in Dubai has become more easy and reliable. Starting a grocery store in Dubai is no less than a profitable business keeping in mind the target audience.
It is a very smooth process to set up a business like a grocery store in Dubai if you keep in mind all the rules and regulations.
Business Setup in Dubai: Ideal for Your Grocery Store Venture
For many years, Dubai has consistently been the most visited economic hub reaching the heights of the target market for business purposes. The increasing population in the Emirates demands more grocery stores to fulfill the needs of daily essentials such as food and drinks.
So, when there is potential demand and customers to consume the commodity, It becomes easy for a business setup in Dubai to gain potential profits through such a market.
How profitable is it to start a Grocery store in Dubai?
Startup refers to any opportunity that has not been grabbed till now. There are numerous significant reasons to start a grocery store in Dubai. The population rate of Dubai is increasing day by day and generating new opportunities for entrepreneurs.
The ease of opening a grocery store is also one of the reasons. The only requirements are a prime location, a wide range, excellent packaging, a supplier network, and acquiring a business license to work in Dubai.
Which steps to follow to start a Grocery store in Dubai?
By following some of the crucial steps, and with a proper commercial business license Dubai, your business setup in Dubai easily.
1) Partner Up with Business Consultant Service
Initialize with a well-performing business consultant to acquire a business license. From the application of the business to all the set-up processing and talking with the relevant government authorities, it’s all done by Business Consultants.
2) Choose among the business activities
From more than 2,000 business activities present in UAE, you need to find your niche to apply it on your trade license which will define your position of activity in the market. The Emirates authorities may charge several penalties if someone conducts business without true business activities.
It is important to remember all the crucial rules and regulations developed by the Dubai authorities to avoid any hassle in the near future.
3) Choose an appropriate location
Directions of the grocery store directly hamper the revenue of the business. It is the most vital part of the Dubai business setup.
Competition analysis should be done while choosing a good location.
4) Company Name
The government of Dubai has strict rules regarding company names of the business. The company names in Dubai :
- Should not contain offensive language
- Avoid the names of already-known brands
- No abbreviations if using your own name.
5) Application for Initial Approval
A proper set of documentation is required to get approval for your initial trade license in Dubai.
Copy of the owner’s passport and visa, lease contract, and Municipal, and company name approval are the important steps to business setup in Dubai.
6) Submit Your Application
After you are done with the application for a business license, and apply for initial approval, now you need to submit the final application. This process can also be executed by your Business Consultant without any errors or time delay.
7) Apply for a Visa
When you’re done with the payment of your trade and business license, you need to apply for a residential and work visa to operate your work in Dubai. Your family visa may be sponsored by your commercial business license as per your work conditions.
8) Opening a corporate bank account
The last step of the process involves opening a corporate bank account for your work purposes., By this, you can start taking payments from your customers easily.
What is the cost of opening a Grocery store in Dubai?
The cost of opening a supermarket in an area like Dubai ranges between AED 10,000 to AED 50,000 depending on several factors including fees, business license, location, and maintenance of the store. Initial Investment will be required to stock up on products, sales, or other pieces of equipment.
Important things to keep in mind when starting a store in Dubai?
Always remember the crucial points, to avoid any legal involvement in your business setup in Dubai.
- No selling of fake products because it’s strictly prohibited by UAE government authorities.
- The VAT (Value-Added Tax) registration needs to be done while opening a grocery store in Dubai.
- The DED (Department of Economic Development) in Dubai is the head of approvals for any changes in business licenses or any other approvals.
Starting a grocery store in Dubai is a very simplified process if you involve a well-qualified Business Consultant who will manage your application process from licensing and will keep you out of legal expenses by making the process easier.