Regarding business, Dubai is one of the first places that come to mind for many aspiring entrepreneurs. And since Dubai is an international trade hub in the Middle East, it has some of the world’s best cuisines and food varieties. As a result, food and beverage traders in UAE have a great chance to flourish, just like any other industry. And therefore, starting a food trade business in UAE is a profitable venture.
If you’ve given thought to investing in a business in UAE in the food and beverage industry, then keep on reading:
Starting A Natural Essential Food Business In UAE
Setting up a planned business is quite a simple process. Still, it can be intimidating for someone unfamiliar with the ins and outs of managing a business in UAE. Below are a few pointers you must keep in mind to help you understand how to launch and operate a successful food trading business in Dubai.
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Apply For A Food Trade License
Food Stuff Trading License is a popular business license type in the Free Zones, the Mainland of Dubai, and the whole of UAE. So, one of the foremost things you must do is obtain a trade license. To get this license, you will need two different types of permits. One is your food and trade license from the Food and Safety Department, and the other is your trade license from the Department of Economic Development (DED). Get Affordable Spectrum cable TV packages give you access to free Prime time On-Demand. You can watch your full TV lineup, and up to 60,000 titles on-demand.
Depending on the nature of the business activity, the investor can choose the right business license category – Commercial or Trading License.
Here is a list of the documentation required to launch a food trade business in Dubai:
- Copies of shareholders’ passports
- Visa of the shareholder – residence or visit visa
- The Emirates ID card of shareholders having a resident visa
- NOC from the shareholders’ current sponsor, if the shareholder has a residence visa
Decide On Your Business Name
After gathering all the documents, it’s time for you to officially decide on your business name to file for your trade license. Now, for naming the business, the Government of UAE has established certain rules to which you must adhere. These rules are:
- The name should not contain profanity and shouldn’t sound offending
- In case the selected name is a person’s name, the person must be a partner or owner
- Family or country names should not be used as trade names
- Special characters aren’t allowed
- The company name must reflect the business’s services
- The name cannot begin with “Global, International, Middle East,” etc.
Once you choose a name for your trading company, submit it to the DED for approval.
Finalize All The Paperwork
To conduct hassle-free foodstuff trading in Dubai, you must follow certain documentation rules. For instance, compile all of your paperwork, request any clearances, and obtain any necessary external certificates you may need later on.
Once you’ve drafted all the necessary business documents, you need to get them signed by a public notary.
Select A Good Location
After obtaining the necessary permits, you’ll need to decide on a good location for our business. Before selecting a spot, do your homework and identify areas where your business will yield the most benefits. Never settle on a random location, as it can do a lot of damage to your business.
Obtain Your Foodstuff Trading License
Once you’ve completed all the abovementioned requirements, you can apply for a foodstuff trading license in Dubai. The licensing acts as a legal permit that gives you a green signal to go ahead and carry out the business operations. And now, you can craft your business plan. This includes financial planning, market research, and strategic planning. By performing this research, you’ll thoroughly grasp your business’ expectations and the market surrounding it.
Benefits Of Foodstuff Trading In The UAE
Since the food industry is among the fastest-growing sector in Dubai, it’s also one of the most profitable. Some major benefits of investing in this industry:
- With Dubai being the center stage for various world events, exhibitions, and meetings, some high-level catering services will always be in demand.
- Not much paperwork or clearance is needed to start a food trading business in the UAE.
- Due to the country’s diverse culture with many multi-talented people, there is a huge labor market available in UAE at a fair price.
The Bottom Line
Given the information mentioned above, it’s safe to say the UAE is a prosperous region for food and beverage industry. And no matter what part of the foodstuff industry you’re in, whether it’s coffee, crisps, organic fruit syrups, or mineral water, it’s profitable. Although there are countless firms like these, there’s plenty of room for new foodstuff trading companies to grow and succeed swiftly.
To get an example of a successful food trading business, consider checking out companies like The Swift Trading Company.