Dubai is home to some of the most exquisite culinary arts in the world. This is possible thanks to the booming foodstuff industry in the city. Therefore, it is the perfect time to start a foodstuff trading business in Dubai.
Moreover, foodstuff trading businesses can trade with anymore inside and outside the UAE as well. As a result, after starting a foodstuff trading Company in Dubai, you can grow your business internationally as well.
If you want to start a foodstuff trading company in Dubai, then you will have to obtain a food trading license in from the Department of Economic Development in Dubai. Since the food industry is an ever-growing sector in Dubai, the barriers to entry into the market are very limited.
There are many industries that offer great opportunities for business setup in Dubai. Among these industries, foodstuff trading is one of the most profitable.
Thanks to the booming food and beverage industry in UAE, there is plenty of room for food stuff trading companies to grow and earn a constant stream of revenues.
Requirements for Foodstuff Trading Business License in Dubai
To start a foodstuff trading Company in Dubai, you need a commercial license issued by the Department of Economic Development (DED) for companies registered in the mainland. The business structure will be a Limited Liability Company (LLC) with a 51-49 per cent shareholding structure.
As a foreign-owned company in Dubai mainland, you must have a UAE national, known as a local sponsor, who will hold 51% of the company shares, while you retain 49%. This partnership is a legal requirement according to UAE law. Submit all necessary documents to the DED for the registration process.
How can I Get Food Trading License in Dubai?
To start a foodstuff trading Business in Dubai, UAE. you need to follow a few specific steps that have been laid out by the authorities in the Department of Economic Development in Dubai. However, if this is the first time you are starting a business in the UAE, then it is highly suggested that you seek help from professionals.
Here are the steps you need to follow in order to start a foodstuff trading in Dubai:
Register a trading name for your business.
Obtain the initial approval from the Department of Economic Development (DED) in Dubai.
Draft and sign the Memorandum of Association (MOA).
Rent or lease office space for your business.
Submit all the required documents to the DED.
Complete the payment related to the payment voucher provided by the DED.
Receive the foodstuff trading license from the DED.
Register your food product in the Dubai Municipality.
Source: https://www.companysetup.ae/how-to-start-a-foodstuff-business-in-dubai/
