The ideal place of Dubai is one of the perfect targets with respect to the clothing business. If you ever visit Dubai and wander the shopping centers located in the area, you will have a fair idea about the lucky opening that it hosts. So, if you are interested and want to know how to open a fashion store in Dubai then there is one best way is to get in touch with Start Any Business consultants in Dubai who will surely help you in this entire process and make reliable, easy, and hassle-free in a dedicated manner.
Dubai’s population is willing to invest in the fashion sector, which built a large demand that requires to be completed. If you are an amazing fashion designer who dreams of having a big fashion store or even an investor who seeks investment opportunities, then the Dubai fashion industry transforms into a perfect mix. Let’s dive deeper and understand more about starting a fashion business in Dubai.
The Process To Open a Fashion Store in Dubai
The Department of Economic Development support as the monitor that oversees many factors of business incorporation in the sector. If you have decided to go ahead with the clothing store in Dubai, then you have to adhere to the process given below as explained by the authority.
- Completely fill the application form identified with business joining
- Submit the copies of your visas and passport
- Get the No Objection Certificate required for name approval and initial approval
- Ensure that to make a draft of the company’s Memorandum of Association with a UAE local sponsor
- Decide an appropriate location for your fashion business in Dubai
- If you work as a wholesaler, the better choice will be to proceed with a business center.
- Once you present all the necessary documents, then you need to make payment of the license fee required.
- After the approval of your business license, you need to get the business license from the Department of Economic Development.
- Once received, you can go ahead with the business conductions
- Appoint the right employees to effectively handle your business.
- Then you need to open a corporate bank to handle your business transactions.
- A legal permit that you get after accomplish the procedure would help you to deal with export and import, retail within the territory of Dubai and in the country. Incorporating a business in Dubai provides an outstanding possibility for the business investor to take pleasure of several advantages such as:
- Full tax exemption on personal income
- Many locations choices
- Stands as an international gateway
- Increases the company’s goodwill
- No currency restrictions
- Flexibility to appoint global staff
Reasons To Open a Fashion Store in Dubai
Well, if you are still not sure and wondering why the fashion sector is at its height in Dubai, then take a look at the points given below:
1. Huge Potential
The fashion industry has a large market when it comes to Dubai grounds. The Dubai region is home to a population ranging from approximately 200 nationalities to over 3 million. This makes a big requirement for business investors to come forward and invest in this field. You require to understand and analyze the Dubai market that you wish to target and offer accordingly concerning services and products. Dubai is also a top tourism location at a global level, which builds again a great possibility for business specialists.
2. Wide Range of Location Options
One of the best grounds that allure the business people to come ahead and invest in the Dubai region is the availability of various location choices that the location has, including free zone, mainland, and offshore. Every one of the available opportunities assists the business people to establish their business as per the financial sustainability they have. If a business specialist chooses Dubai mainland, they are allowed to conduct business activities in the UAE, not like free zone that has restrictions. Prior to choosing any place, you require to have a clear thought about the availability of each area so that you may choose the very beneficial location which will boost your business development.
Benefits of Open a Fashion Store in Dubai
- Taxation advantages
- No requirements for minimum capital
- No restriction on the trading sector
- Multiple free zone advantages
- Work with the governmental bodies
- No currency limits
- Many choices for business activities
- Multiple visas benefits
Above we mentioned a little guide on how to open a fashion store in Dubai we hope these all things will help you. If you want to know more about the process then you need to consult with the best business setup consultants at Start Any Business (SAB) who will provide you delightful services and support you completely throughout the procedure.
Also read, How to Setup a Boutique Business in Dubai