tradelicensedubai Male • United Arab Emirates

Dubai offers its companies an operating environment that is amongst the most liberal and attractive in the Middle East region. Therefore, starting a small business in Dubai is a key to its future growth. And businesses like Grocery or a retail shop are the key pillars who promote such small sectors. But, to establish your small Supermarket license in Dubai you need to look through a few components that can probably affect the profitability and stability of your startup.

Let us look at three important components for starting small business in Dubai like a grocery/retail store:

Know your Business: Success of every business depends on huge knowledge of the local region, research into the viability and demand for your product and a business plan that is likely to attract investors.
Find a Local Partner: It is important to have a local partner when you set up your business in mainland Dubai. Local partners can be individuals or companies who own a major part of shares of your business.
Financial Viability: If your business is registered at the Ministry of Commerce, then you need to provide them with a proof that states you are financially sound to set up a company. And if you are new to the region then you have to get support from any local banks or sponsors.

Having said that, let us now come to the crux of the matter. Dubai retail sector is one of the profitable businesses in the UAE. It provides entrepreneurs with humongous opportunities and is specifically growth-oriented. With the Dubai shopping festival and other such similar events at boost- opening a Supermarket license in Dubai could be advantageous to the investor. But to open a Supermarket license, there are a few requirements that you need to adhere to.

Requirements to Open a Supermarket license in Dubai

To know how to open a Supermarket license in Dubai, listed below are the few procedures that you must look through before taking necessary measures.

Local Sponsor: As mentioned earlier, getting a UAE national to support the business is a must. According to the rules set up by the authority, a local sponsor will own 51% of the shares in your company, while the remaining 49% will be owned by you. Thus, to open a store this procedure is a must unless you sign an investor protected contract or Starting Business in Dubai.
License and Registration: Getting your Grocery License in Dubai for your business and other required certifications from the authority is also an important step. The Department of Economic Development (DED) is the authority that provides permission to open a shop in Dubai under a mainland jurisdiction.
Business Jurisdiction: You may open your Pharmacy License in Dubai Mall or in Meena Bazar, but understanding the jurisdiction where you think your store will be successful is important. Like any other shop in the UAE, a Supermarket license is also scrutinized in terms of jurisdiction and need to follow a proper shareholding structure.
Paperwork and PRO Services: Opening a Supermarket license in may further mandate paperwork, certifications, taking approval from various departments, visas and permissions from various entities considering the shareholding strutted and the jurisdiction.

The second point i.e. getting your Grocery License needs a lot of paperwork and rules to follow. The authorities have mandated a set of rules that one must look through before getting hold of the license.

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