How to Open a Fashion Store in Dubai?

Open a Fashion Store in Dubai

Do you love fashion and clothing? In that case, you should consider Starting a fashion store in Dubai. This could be a great investment opportunity for you, given the increasing demand for new fashion styles and great deals on designer clothing. However, you should conduct a lot of planning and steps to open your fashion business in this city. Today, we will explore how to kick-start your fashion store in this city. Moreover, we will disclose the perks of starting your fashion store in Dubai.  

Advantages of beginning your fashion store in Dubai

Launching fashion shop in Dubai can be a profitable decision because there are countless benefits to opening your fashion store in this city. Let us dive into the top advantages of starting your fashion shop in Dubai:  

• Huge potential: The fashion industry has a wide market within Dubai. Therefore, you should kick-start your fashion business in this city to enjoy this potential. 
• Strategic location: You can choose an area from various options, such as Dubai Free Zone, Offshore, and more. These locations offer diverse benefits in terms of nature, company size, and available capital.
• Easy startup process: You may effortlessly start your fashion store in Dubai if you seek the help of business consultants, like Flyingcolour Business Setup, who have deep knowledge regarding the proceeding. 

Is the fashion business profitable in Dubai?

You might be familiar with the fact that Dubai is the hub among the significant malls for shopping worldwide. The fashion industry has demonstrated an annual increase of 5 percent to further achieve its standings as one of the world’s fashion centres. Whether you begin a physical shop or an online fashion or clothing company in the retail sector, your fashion business will undoubtedly be successful.   The profitability of your brand will also rely on your marketing team more than the production team. Remember, the best quality clothing products are not only the secret to success in the fashion industry in Dubai. To thrive in the fashion industry in this city, it is crucial to market and showcase your clothing ideas and trends effectively. As a result, you must include an expert marketing team in your fashion business in this city.   

What steps you must follow to begin your fashion store in Dubai?

If you're interested in opening either an online fashion store or a physical store, there are a few steps you need to follow. Below are the steps to initiate your fashion store in Dubai.  

1. Partner with Flyingcolour Business Setup

Initially, you should consult and merge with the Flyingcolour Business Setup to handle the process of your Boutique registration in Dubai.  Furthermore, our expert team will assist you in obtaining the trade license for your fashion store in this city and guide you through the complete process of setting up your clothing shop in this city.   

2. Choose a name for your fashion store

It is essential to select a fitting trade name for your fashion store to acquire a . While choosing a name for your fashion shop, you should follow the UAE naming guidelines as the country has strict regulations for fashion store name regulation.  You should ensure that your business name doesn’t have offensive or profane terms or references to religion. Moreover, you should make sure your chosen trade name is available for trade name registration. However, the nation allows you to choose your own name but you should avoid using the abbreviated or short version of your name. Instead, you must use your complete name as your fashion store’s name. Plus, you should submit at least three potential names of your fashion store to the UAE’s registry office.   

 3. Select business activities for your fashion store.

Once you have decided on the business name for your fashion store, you must specify the business activities that you want to conduct in your fashion store to acquire a trade license in Dubai. However, we know finding your preferred business activities from the list of more than 2000 business activities might be daunting for you but you must find them. If you fail to select all business activities and conduct those activities, you must face severe penalties.  

4. Choose your legal structure.

Next, you should determine the reliable legal structure, such as a Mainland or Free Zone company for your Fashion retail business in Dubai. Free Zone companies let you hold 100 per cent ownership of your fashion business. However, you must take extra steps in order to trade within the UAE’s domestic market.  On the other hand, the Mainland company lets you trade under the UAE market effortlessly. But, you must partner with a local sponsor who will hold 51% of your fashion company. Therefore, you must select your company’s legal structure as per your needs. Flyingcolour Business Setup can help you determine an appropriate legal structure for your fashion store.  

5. Apply for the initial approval 

After determining the legal structure for your fashion business in Dubai, you need to apply for the initial approval in this city. Here, you must submit a few documents to the Department of Economic Development (DED). Let us take a look at the documents you must submit at this step:  

• Dubai municipal approvals and other external approvals
• Trade name approval from the Registry Office
• Completed MOA and AOA
• Business plan copy
• Shareholders’ passports and visas copy
• Office space and retail store lease agreements copy
• Your passport and visa copy

6. Submit the trade license application

Lastly, you should prepare and submit your General trading or E-commerce license application based on your requirements. At this point, Flyingcolour Business Setup will assist you in submitting an accurate and error-free application.   

7. Get visas plus open a corporate bank account

Once obtaining the trade license for your fashion store, you can apply for the visas for yourself and your staff or family members. In addition, you should open a corporate bank account for your fashion store in Dubai.   

How can Flyingcolour Business Setup help you?

You can enjoy several advantages by Starting a fashion store in Dubai. However, you need to go through a complicated process to kick-start your fashion business. Flyingcolour Business Setup has the potential to make this process more efficient. Our experts can guide you to the easiest path for starting your fashion store in Dubai.  To learn more about Starting a fashion store in Dubai, book a free consultation with one of the Flyingcolour team advisors. Please note that this article was published on  08/06/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.