Over the last few years, Dubai has positioned itself as the regional hub for fashion entrepreneurs, designers, stylists, and international retail brands. By implementing numerous business strategies, the fashion industry has covered a vast market in UAE. If you want to start a fashion business in Dubai, then read this blog.
Fashion Industry in Dubai
The fashion industry turns out to be an extensive market that if captured with proper strategies, can be profitable. Dubai is a perfect destination to implement the idea of incorporating a business entity in the fashion domain.
The fashion industry in Dubai has a sea of opportunities. Some of them are
- Fashion Consulting Business
- Fashion Blogger
- Personal Styling Business
- Personal Styling Business
- Opening a Fashion Boutique
- A Complete Online Business
- Manufacturing Business
- Wholesaler
Why Start a Fashion Business in Dubai
If you are wondering why the fashion industry is at its peak in Dubai, then look at the following points highlighted below.
- Huge Potential
The fashion industry holds a huge market regarding the grounds of Dubai. Dubai also tops the global tourism destination, creating a massive potential for business professionals.
- Wide Range of Location Options
One of the best grounds that attract business investors to come forward and invest in Dubai is the availability of different location options that the region holds, which holds Mainland, Free Zones, and Offshore.
Each of the options available helps the business investors to set up their business according to the financial stability that they hold
- Simple Business Registration Process
Since the number of global investors has reached a great count, the Emirati government has been taking adequate measures to build a friendly business climate to ease the business setup process in Dubai.
How to Start a Fashion Business in Dubai?
To incorporate a fashion business in Dubai, you must go through the following steps sequentially.
1. Initial Approval
Choose a unique trade name for your business, finalize the activities Duly fill the application form related to business incorporation and get the initial approval.
2. Decide a Strategic Location
As mentioned above, the UAE region provides the flexibility of selecting a location for your business, so make sure you choose the right location to meet your business needs.
3. Submit the Documents
To get the company registration on paper, you must submit essential documents to the Department of Economic Development (DED).
Documents Required to Start a Fashion Business in Dubai
The set of documents includes the following essentials:
- Duly filled the application form
- Passport and Visa copies of the shareholder
- NOCs for initial and name approval
- Memorandum and Articles of Association (MOA/AOA)
- An Outline of your Business / Business Plan
4. Collect the License
Once approved, you need to collect a specific business license. The license obtained will act as a legal permit allowing you to conduct the business activities.
Start a Fashion Business in Dubai with Commitbiz
The fashion industry is an extensive market that can be profitable if captured with proper strategies. Dubai is a perfect destination to implement the idea of incorporating a business entity in the fashion domain.
However, proceeding ahead with the rules and regulations with proper knowledge might turn out to be challenging. The best practice to start a fashion business in Dubai would be to join hands with business consultants who can analyse, streamline and guide to conduct the process in a hassle-free way.