How to Start a Perfume Business in Dubai?
Start a Perfume Business in Dubai
Starting a perfume business in Dubai provides an enticing venture for passionate people for fragrance. Dubai’s perfume industry is boosting and has a great potential for success. Expert predicts the fragrance market in the UAE generate revenue of $142.6 in 2024. According to the forecast, the market is expected to grow annually by -0.91 per cent (CAGR 2024 – 2028)
The best thing about starting a perfume business in Dubai is that the city provides the opportunity to enter the international market. This opens doors to numerous global customers, making it a profitable venture for foreign investors. Attar is the one type of perfume in the UAE considered the future of Dubai’s perfume sector.
If you are someone planning to start perfume business in Dubai, you have landed in the right place. Here, you will get an in-depth guide to set up your perfume business. Furthermore, we will highlight the advantages of starting this business in Dubai.
What Are the Benefits To Start a Perfume Business in Dubai?
By starting perfume business in Dubai, you may enjoy countless benefits. The benefits of starting a perfume business are mentioned below:
1. Wide range of fragrance
Dubai will give you access to a wide range of fragrances. Being an investor in the perfume business allows you to deal with numerous fragrances in this emirate. Fragrance lovers living in this city currently prefer rich, warm, and natural fragrances.
2. Lower tax
The best thing about set perfume business in Dubai is lower tax rates. Dubai offers lower tax rates, even 0 percent corporate tax for foreign investors (T&C Apply). The VAT rate is 5 percent is applied only for selling perfume products in this country. However, there is a 0 pe cent VAT rate for selling perfume products outside the United Arab Emirates.
3. Technological advancement
Dubai has among the most updated digital facilities. Moreover, Dubai is on the method to a technologically advanced future and to be called the world’s best digital hub. With the help of technology and the internet, you can list your perfume company in eCommerce and social media. It will help you enhance brand awareness about your perfume company.
4. Supportive government
The United Arab Emirates is one of the multicultural destinations that gets a high inflow yearly. The UAE Government continues to develop new regulations and policies to encourage and support foreign investors to run and start perfume business in Dubai.
5. Easy licensing and launching
Launching a perfume company is a straightforward process because the approvals and licensing methods are well-defined and cost-effective. In addition, getting a perfume business license is easy when you connect with Flyingcolour.
6. Flexible location
Flexible location is another benefit you may enjoy by start a perfume business in Dubai. Being a business owner in Dubai, you are free to choose any office space for rent and start your business operation.
Documents Required To Begin a Perfume Business in Dubai
There are a few documents you may need to gather for a perfume business license and start your business setup in Dubai. Therefore, you need to understand what documents you need to begin your perfume business in this city. Here is the list and details about the documents you need for this business:
- Certificate of free sales: The certificate of free sale may be needed to confirm your perfume is legally sold in your home country or any other relevant jurisdiction.
- Laboratory Test Report of Perfumes: You must provide a laboratory test report for your perfumes to verify the quality, safety, and compliance of your products.
- Analysis Report on the Perfumes: An analysis report detailing the composition and ingredients of the perfumes you want to sell is required. This report assists ensure compliance with regulations and standards set by relevant authorities.
- Registration Certificate of your Company: You must submit the registration certificate of your perfume company, which demonstrates your business is legally established and recognized in Dubai.
Steps To Start a Perfume Company In Dubai
Indeed, starting perfume business in Dubai is straightforward. However, there are a few steps you must follow to start your perfume company in this city. The following are the steps to start your perfume company in this emirate:
➣Create a business plan
You can never perform anything without proper planning and research. Therefore, you should initially develop a comprehensive business plan outlining your mission, objectives, product offerings, budget, and capital requirements.
➣Innovation
After creating a business plan for a set perfume business, you must appoint experts and researchers to assist you in developing your unique perfume. You may perform research on different perfume recipes or develop exclusive blends by purchasing some crucial oils in the smell of your preference. After blending and experimenting with a few fragrances, you can start with the most-liked perfumes on the significant production.
➣Source bottles and design packaging
After innovating new perfumes, you must find wholesalers to buy scent testers, samples, and bottles for your perfumes. In addition, you should design attractive packaging reflecting your brand and consider choosing bottle sizes and shapes that complement your fragrance offerings.
➣Build a brand.
The long-term success of your perfume company depends on whether your perfume business dubai can establish itself as a brand or not. Therefore, you must hire a creative designer to design a brand logo appealing to your target audience to demonstrate your company. These creative designers may help you to design a marketing strategy for your brand. In addition, you must register your trademark with the authorities in Dubai.
➣Obtain a license.
The most crucial step to start your perfume company is obtaining a perfume business license from the Department of Economic Development. At this stage, we recommend you consult Flyingcolour because we can help you to get the license.
➣Develop a manufacturing facility.
Lastly, you must develop a manufacturing facility in Dubai for the manufacture of perfumes. For investors, there are many free zones to set up your manufacturing facility. Dubai Free Zone and Jebel Ali Free Zone are some perfect areas that offer facilities to establish perfume manufacturing units.
Why Should You Consult Flyingcolour?
Flyingcolour Business Setup has years of experience to help you set up your business in the UAE. We have a team of experts who can guide you through the complete process of opening perfume business in Dubai. Moreover, we can help you in solving any confusion about the process of starting this business in Dubai.
To learn more about Start a Perfume Business in Dubai, book a free consultation with one of the Flying Colour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.
*Please note that this article was published on 16/02/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant
