For starters, the UAE is fast growing and has attracted various multinational companies setting up their business. The textile and garment business is one of the fastest-growing industries in the country. Dubai is also one of the fastest-growing cities for millionaires who want to enjoy their vacation in privacy. As a result, increasing numbers of fashion entrepreneurs are choosing to start a readymade garments business in Dubai. Many people don’t know how lucrative and profitable it can be.
Steps To Set Up A Readymade Garments Business In Dubai:
Starting a ready made garment business in Dubai is not as difficult as it may seem at first glance. You will need to do some research, but once you have some solid information, it should be easy to get started. here are the few steps how the company formation can establish legal in Dubai.
1.Form a business plan:
The first step in starting your own business is to create a business plan. A business plan is a written document that describes your company and its future, the industry you’re in, the goals you want to achieve, and how you intend to do it.A good business plan will help you:
- Define your vision for the company.
- kind of business activity will you.
- Set goals and objectives.
- Identify risks and opportunities.
- Develop strategies for growth.
- Create a financial forecast for your future success.
when it comes to the garment business in Dubai, THe DED (Department of Economic Department) has given a list of DED activities that can have permits to do business legally in Dubai. here are some activities are given below.
- Import and Export trading
- Buying and selling clothes/garments
- Cloths on rental business
- Garments Accessories Trading
- Garments, Textiles & Gifts E-Trading
- Protective Garments & Vests Trading
- Ready-made Garments Trading
- Determine the legal structure of your company:
The second step in setting up your business is to determine the legal structure of your company. There are many different types of companies in Dubai and each one has its own advantages and disadvantages. The most common types of companies in Dubai include:
- Sole proprietorship
- Limited Liability Company (LLC)
- Find a strategic location in Dubai:
The key to any business is location. You need to find a place that will be conducive to your business. If you are starting a cloth business, there are a few locations that would be perfect for you. There are three main options when it comes to choosing where you want to set up your shop: in a free zone, on the mainland, or offshore.
Free zones provide companies with tax breaks and other incentives so that they can offer better prices and services to their customers. They are often located near ports or airports, which makes them easier for customers and suppliers alike. There is also less bureaucracy involved in setting up shop in free zones, so it’s easier to get started quickly.
4. Acquire A Trade License For Your Clothing Business In Dubai:
In order to start your own readymade garments business in Dubai, you will have to apply for a trade license. This can be done through the Ministry of Economy and Commerce. The process requires several documents, including a NOC from your sponsor, details about the company, financial statements, and other important information. A local partner is also required to assist you with the procedure. Once the license is approved, you can start selling and buying garments in UAE. The cost of a trade license for a garments business varies depending on the type of business you are running.
In this stage, you will need to select the trade name and register the trademark and then wait for the initial approval. After successful security clearance, you need to submit the documents along with the fee payment. Then the DED will issue one of the following kinds of trade licenses based on your business activity.
Types Of DED Licenses:
- Market the products:
Once receiving the certificate of license, you can do your readymade garments business in Dubai legally.
What Are The Most Required Documents For This Clothing Business License:
- Passport and visa copy
- Passport photos
- Memorandum of Association
- Local sponsor agreement
- Ejari contract
What we do :
As a business consulting legal firm, we can help you in forming a garments business in Dubai. We offer full services to start your business. Our services include business registration, trademark registration, formation of LLC and partnership firm, visa processing, and many more. We can show you how to incorporate your company in Dubai and make sure it stays up-to-date in terms of regulations and requirements. We’ll handle all the paperwork so that all you have to do is focus on what matters most: running your business!