Setting up a Pharmaceutical Business in Dubai, UAE is Simple

The healthcare sector is growing across the world. UAE is one of the fastest-growing economies with its top-notch infrastructure. Among many industries that are making their presence felt in UAE is the pharmaceutical industry, in which investors from every part of the world are willing to invest. To set up a pharmaceutical company in Dubai (UAE), you will need to follow the rules and regulations of the Health Authority in Dubai. In this blog, we will try to find out how to start a pharmaceutical company in Dubai.

The process to start a pharmaceutical company in Dubai:

• Get the approval from the necessary authorities
• Fill an Application form
• Keep a copy of the tenancy contract handy
• Blueprint of the location
• Passport copy of the owner
• Obtain a pharmaceutical license from the Dubai Trade Register

Essentials to start a pharmaceutical company in Dubai:

• All the medical devices must be approved by the UAE Ministry of Health (MOH)
• Fill the application form, stamped and signed by the authorised person
• Detailed company profile
• List of products manufactured in your company
• Legal and manufacturing license issued by the authorised body

Essential points you must follow to set up a pharmaceutical company in Dubai

• Do a market analysis
• Be aware of your competitors’ strategy
• Choose an appropriate location
• Obtain a business license
• Submit essential documents to the government authority
• Open a bank account
• Find a physical office space

Benefits of setting up your business in Dubai

Here are some reasons that prove beneficial for businesses in Dubai:-

• Tax benefits
• Ease of forming and doing business
• A simple company formation process
• Minimum paperwork
• There is no minimum capital requirement
• No restrictions on trading locations
• Dubai is the fastest-growing economy
• Free zone benefits
• World-class infrastructure
• Work along with government bodies
• There is no restriction in currency limitation
• Low import duty
• Unlimited options for business activities
• No limits to the number of visas

The UAE healthcare sector is expected to grow and meet the challenges it is supposed to face in the years to come. As per many studies, the industry will likely rise to a 101.94 billion AED business by the end of 2025. This blog will help you get an insight into how to start a business in the pharmaceutical sector in UAE.

The industry has strengthened and expanded exponentially over the past few years. By providing world-class healthcare facilities and infrastructure, the UAE government is working to drive medical business to the next level in the UAE.

Pharmaceutical Centers in the UAE

Several areas of the UAE are considered to be the hub of the pharmaceutical industry:-

• Dubai Healthcare City
• Dubai Science Park
• Jebel Ali Free Zone

Why UAE for Business in Health Sector?

The UAE has expanded significantly in the medical and pharmaceutical industries. Whether you are a beginner or own an existing firm, UAE is a perfect destination to start or grow a business. Some factors that encourage investors to choose this as an alternative:

• Many options to start a company, such as Mainland, Free Zone and Offshore.
• The UAE government has introduced several schemes to encourage the medical industry.
• UAE has many unique centres for pharmaceuticals
• Easy entry option for neighbouring countries to join
• The robust infrastructure
• Easy transport and networks that simplify business operations
• Each Emirate has taken the initiatives needed
• Opportunity to partner with MNCs in the same segment
• Usage in the medical sector of the new technologies
• The biggest hub that manages diagnostic equipment
• A healthy relationship with medical equipment companies in the United States.

Advantages of Setting Up a Pharmaceutical Business in Dubai

• Full ownership
• No Corporate Tax
• No Customs
• Strategic Location
• Multiple Collaboration

Why OBK Business Centre for Company Incorporation Services?

Here are some reasons that you must hire experienced business setup professionals:-

• Quick legal procedures
• Hassle-free process
• Faster phase execution
• Professionals help you do proper market analysis
• Get business insights in a more relaxed manner

Dubai’s is open to all possible business sectors, including the pharmaceutical business. If you have an intention to set up a company in the pharmaceutical industry in Dubai, then this is the time to act on it. Starting a business in this sector is easy if you have the right people around you to guide you to help you accomplish the complete process smoothly.

OBK Business Centre is one of the leading consultants dedicated to providing investors with the best business integration services. We take utmost care to deliver the best company formation services that meet your business needs. Contact us for further details.