Isn’t it interesting to know the benefits of cosmetics company incorporation UAE offers to entrepreneurs? Of course, it is. That’s why you’ve landed on this blog post that explains the perks of the cosmetics company formation in the UAE.
But why should you choose the UAE for starting your cosmetics business? Why not another country? Well, let’s explore the trends of the UAE cosmetics market before learning about the perks of cosmetics business formation.
What are the trending things in the Cosmetics industry in the UAE?
With the growing awareness of the beauty and personal care products, the forecasted revenue in this sector is USD 1.15 billion in 2022. Well, that’s actually huge. And the most interesting part about it is that 24% of the revenue will come from online sales. Here is the list of articles that will be on-trend.
- Decorative cosmetics for day-to-day makeup
- Skincare products
- Personal care products
- Hair care and styling products
- Perfume and eaux de toilette
6 Ultimate Benefits of Cosmetics Company Incorporation UAE You Must Know
1-Protection of Brand Name and Label
Botherations regarding the protection of your brand’s name and its label can be the first reason behind your sleepless nights. But a nation like UAE leaves you carefree about it. Thanks to their commendable laws for safeguarding your company’s trademark.
All you need to do is to register your trademark via an online application on the Ministry of Economy website. After trademarking your UAE-based cosmetics brand’s name, it’s the government’s authority to protect it from others.
2-Smooth Access to Both Local And International Markets
Do you know what’s the most interesting part about the Emirates? Well, it’s the accessible geographical location of the country. Located in the eastern part of the Arabian Peninsula, the UAE ensures smooth access for both the local and international markets.
Therefore, your cosmetics company in Dubai will have endless opportunities in the local as well as the nearby international markets.
3-Liberal Laws for the Import and Export of Cosmetics Products
Being a house to over 37 Free Trade Zones, the UAE is undoubtedly an excellent hub with the most liberal import-export laws. According to the custom regulations of the UAE Freezones, you don’t have to pay duties for imported cosmetics products.
Additionally, you can enjoy the benefits of custom exemptions for re-exporting from UAE Free Trade Zones to third market destinations. These market destinations can also be beyond the GCC (Gulf Cooperation Council) Customs Zones.
4-100% Support from the UAE Government
The UAE government offers complete support to various companies by providing all the essential services to their business. This facility of the UAE government will benefit your cosmetics business too.
Moreover, the business-friendly environment in the Emirates will be like a cherry on the top for motivating your business growth. As a result, you can effortlessly launch your cosmetics products in Dubai.
5-Advantages of Zero Taxes
Another amazing benefit of cosmetics company incorporation in the UAE is the zero and minimal taxation policies of this country. Consequently, it will ensure maximum chances for your company to grow in the Emirates market with minimum costs.
All in all, you won’t need to feel financially stressed during the entire cosmetics company formation process.
6-Availability of Several Zones To Choose From
The last benefit of starting a cosmetics company in the UAE but obviously not the least one is the availability of several zones to pick from. Currently, there are three main categories of zones available for starting a business in the Emirates, including:
- UAE Free Trade zones ( currently 37+ Free zones available)
- Dubai Mainland regions
- UAE Inshore and Offshore areas
Ques 1) Is it possible to use the brand name of an existing cosmetic entity across the UAE?
No, it’s not possible to use the brand name of an existing cosmetics entity in the UAE. And the reason is its already-protected name.
Ques 2) What does the cosmetics company setup cost in the UAE?
The cosmetics company formation cost in the UAE completely depends on the location you’re selecting.
Ques 3) Which UAE government is responsible for cosmetics product registration in Dubai?
You need to register your cosmetics products with both Dubai Municipality (DM) and the Emirates Authority of Standardization and Metrology (ESMA).
Wrapping it up:
The cosmetics business in the Emirates is thriving and it will continue to grow. So, if you’re thinking to invest in it, go ahead. Hopefully, after going through this blog post, you already know the reason why.
Are you ready to lap up the benefits of cosmetics company incorporation UAE serves to entrepreneurs? If yes, then you need to get in touch with the professional company setup experts in Dubai.