How to Start a Homemade Products Business in the UAE?
Start a Homemade Products Business in the UAE
Do you have enough skills to create homemade products for your home or family? We recommend you use that skill to make some money in the UAE. Indeed, you have guessed it right! You should consider starting a homemade business in UAE.
We are sure you might be feeling overwhelmed because you don’t know how you can start your Homemade products business in UAE. If so, you must be with us for a couple of minutes because we will disclose a guide to begin your Homemade products business in this country.
Why UAE is the best place to start a Homemade Product Business?
You might be thinking the UAE is popular for big companies, innovative startups, or established startups so how can your homemade products business succeed in this country? Indeed, there is a popular misconception in the world that the UAE is only suitable for well-established. Still, the reality is the nation is suitable for all kinds of organizations.
Any entrepreneur can start their business in the UAE and make it a big success as long as they have a robust business idea and skills. You can also make your business succeed with the right effort. The market in the United Arab Emirates (UAE) is ripe for people who craft unique and high-quality items, which might make you happy to know. With the right approach, you can convert your passion into a profitable business.
Requirements to start your Homemade product business in the UAE
Before launching homemade products in UAE, you should ensure you meet certain requirements set by the UAE government. Mostly, you should only submit a few documents to start your homemade product business in this country. Let us look at the list of common documents and other requirements to start your homemade product business in the UAE:
- Membership numbers for the Chamber of Commerce and MOHRE (Ministry of Human Resources and Emiratisation)
- Renewal of your trade or commercial license for more than 1000 commercial activities
- Registration of your trade name
- An establishment card gained from the FAIC (Federal Authority for Identity and Citizenship)
- Ability to hire employees, with the availability of up to 3 work permits
What are the steps to start your homemade products business in UAE?
Indeed, you can earn enough profits by starting your homemade products business in the UAE. But a single error in setting up your homemade products business in this country can ruin your dream of turning your hobby into a profitable venture. Therefore, we recommend you follow the following steps to start your homemade products business in the UAE carefully with the help of Flyingcolour Business Setup:
1. Choose a business activity and other details
Initially, you should consider figuring out the specific products to sell in your homemade products business in the UAE. Once you have a different and innovative concept, you should opt for a reliable trade or company name for your homemade products organization that represents your business while adhering to the UAE’s naming guidelines. Remember, your selected business name should be captivating and exactly reflect the business nature because the homemade and online product space is a little saturated.
There may be other requirements to meet depending on your selected business activities. For example, a food business might be required to rent a small commercial kitchen. Flyingcolour Business Setup will be glad to help you to meet and identify these needs.
2. Submit your e-commerce license application
Trade licenses play an essential role in starting any kind of business. You might have to face countless problems, such as penalties if you start your homemade products business without a trade license.
Remember, you have the option to choose from numerous types of trade licenses. However, if you want to start a homemade products business in the United Arab Emirates, you should apply for an e-commerce or online business license. This license will allow you to sell your homemade products online, making them accessible to a broad market in the United Arab Emirates.
If you want to apply for the e-commerce license for your Homemade products business in the UAE, you should submit the application along with the following documents:
- A copy of your passport
- A No Objection Certificate, if you are employed in a UAE company
- A tenancy contract
- An attested Memorandum of Association
- A copy of your Emirates ID
- The application form for your home jurisdiction’s license.
You should remember one thing here: you might also want to submit a few more documents based on the selected business activities. Our experts at Flyingcolour Business Setup can clarify with exact documents you need for your homemade products business. However, you need to understand that the cost of starting your homemade products business differs based on the selected location.
3. Open a Corporate Bank Account
Once you have gotten your e-commerce business license for your homemade products business, you should open a Corporate Bank Account in any bank in the UAE. Remember, every business operating in this country must have a designated corporate bank account.
This bank account will help you separate your personal and business finances, making it easier to manage your transactions and track your business’s financial health. Therefore, you should select a reputable bank for your Corporate Bank Account and ensure you meet all requirements to open this bank account in the UAE.
4. Establish your brand and online store.
Lastly, you should develop your brand and online store for your homemade products business in UAE. Ideally, you should create a website or social media storefront to showcase your products and reach potential customers.
Here, you should ensure that your online store is user-friendly, consistent with high-quality brand images, and accessible on mobile phones and desktops. In addition, you should incorporate a secure payment gateway and dedicated customer service channel to address any concern in your online store.
How Can Flyingcolour Business Setup Help You?
Starting a homemade products business in UAE is an excellent idea to convert your passion into a profession. However, creating your homemade products business in this country isn’t easy as you should take care of several aspects and adhere to the UAE rules and regulations. Flyingcolour Business Setup can help you develop your homemade products business in the UAE. Our experts can ensure you didn’t break any rules or regulations while starting this business in this country.
To learn more about Starting a homemade products business in UAE , book a free consultation with one of the Flyingcolour team advisors.
Please note that this article was published on 24/05/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
