How to Start a Garments Trading Company in Dubai

Posted by Saad Mir on November 15th, 2020

Dubai is home to a booming textile and garment industry for people of all ages. Moreover, its booming economy creates an ideal climate for conducting corporate activities. These factors make Dubai the perfect destination for business setup of a garment trading company.

So, if you are interested in starting a garment trading company, then a consultant of business setup in Dubai can help you get started.

Here are the steps for business setup of a garments trading company in Dubai.

Why Start a Garment Trading Business in Dubai?

Many entrepreneurs consider Dubai to be the dream destination for business setup. Especially businesses operating in the textile and garment industry, there is great potential for growth:

• Huge international market to access
• Access to nearby markets
• Exposure to international customers
• Easy procedure for business setup in Dubai
• Cost and taxation friendly policies

How to Start a Garments Trading Business in Dubai

If you are interested in business setup in UAE for a garments trading company, the first step is to obtain the trading license. The trading license in Dubai is necessary for legally establishing and running your business in the Emirates.

The steps for obtaining a trading license for business setup in UAE of a garment trading business are as follows:

1. Select a trade name and legal business structure for your businesses. Obtain required NOC for initial name approval

2. Determine where to setup the business. It is possible to establish a garment trading company in the mainland or various free zones, but there are benefits and restrictions of each. Consult with an expert of business setup in Dubai to determine the best business structure.

3. Gather all required documentation, including passport and visa copies, the Memorandum of Association (MOC) and documents which have been approved by the relevant government authorities

4. Complete the application with accurate and up to date information, and then submit the application for initial approval

5. Finalize the business location and have the tenancy contract attested. Your location must be within the bounds of your business structure, whether mainland or free zone

6. Submit the completed application to the Department of Economic Development (DED) for the final approval of the trade license

7. If approved, submit the payment for the trading license Dubai fees, along with the issuance free for obtaining the license

8. If operating in the mainland, you must find a local sponsor to become a silent investor in the company.

Once you have obtained the trading license, you are legally allowed to operate the garment trading company in the UAE for as long as designated on the license. You must renew the license before expiry day in order to avoid legal complications.

The cost of running a garment trading business in Dubai will depend on various factors, such as whether it is in the mainland or in a free zone.

The process of business setup in Dubai can be difficult and time-consuming if you are not familiar with the laws and government departments. We can help you through the process to quickly setup a garment trading business. Contact us for a consultation.