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Open a Boutique in Dubai, UAE

Open a Boutique in Dubai, UAE

flybiz By  July 4, 2022 0 103
Dubai is home to 3.33 million residents from 192 countries across the globe. The fashion industry in Dubai has been estimated to be worth AED 193 billion or approximately $52.55 billion (this is the same as £38.61 billion) and increasing at an annual rate of 8%. Spending on fashion, fragrances, and beauty / personal care in Dubai is one of the highest in the world. This translates into a lucrative business opportunity for those in the fashion industry, even if you happen to cater to a niche segment alone.

The first step is to decide on your location. You could choose to be located in a free zone like Dubai Design District, where a lot of fashion designers and luxury retail brands have their presence. If you don’t want to be located next to your competitors, you could look at the mainland, which is the part of the United Arab Emirates that is not part of a free zone. It makes sense to be located in the shopping district, close to major residential areas. A business setup consultant can advise you on the right location for your boutique.

If the space you have selected is on the mainland, someone experienced in matters of company formation in Dubai can help you enter into a Tenancy Agreement with the owner of the premises. This Tenancy Agreement needs to be registered so that it becomes a legally binding Tenancy Contract or Ejari. But before you do this, it is important to incorporate your company, so that the space is leased in your company’s name – this helps in no small way when applying for a Business License to operate your luxury boutique.
A company formation expert can draw up the company formation documents. Along with the Ejari, the company formation documents are submitted to the Department of Economy and Tourism, Dubai. If all the documentation is in order, you could expect to receive your Trade License in a matter of days. In a free zone, you lease commercial space from the Free Zone Authority in charge, so the process of company registration, entering into a Lease Agreement, and applying for a Business License are done together.
Boutique Shop Business Setup in Dubai
This is only an indicative list and not exhaustive. Sometimes, additional documentation may be required, such as proof of residency in your country of residence (if different from the United Arab Emirates). This could be something as simple as a bank statement or a utility bill. A business setup consultant experienced in matters of company registration in Dubai can advise you further in this regard. He/She can also inform you of the exact costs associated with new business setup in Dubai.
Owing to strict anti-money laundering regulations, opening a bank account in the United Arab Emirates is not as easy as it sounds. But a business setup consultant can assist you with opening a corporate bank account in Dubai, so that you can make and receive payments with ease. He/She will also help you obtain dependent family visas for your family members, as well as work visas for your staff. It is strongly recommended that you work with someone who has prior experience with company formation in Dubai.

We have years of experience with business setup in Dubai, United Arab Emirates. Our team of professionals consists of those with proven expertise in Business Consulting, Tax Advisory, Legal, and Corporate Finance. We have made a name for ourselves as one of the leading providers of business setup services in Dubai. Our team speaks multiple languages, and we have been of assistance to clients from 100 countries around the world. For more details, please call 055 113 4789 or email info@flybiz.ae

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