Why Start a Medical Equipment Business in Dubai?
The medical equipment market in the UAE is rapidly growing, with projections estimating it will reach AED 5.6 billion by 2025, growing at 4.4% annually. This booming industry offers vast opportunities for investors and entrepreneurs.
Cost of a Medical Equipment Trading License in Dubai
The cost of obtaining a medical equipment trading license in Dubai ranges between AED 21,395 and AED 25,000, covering various government fees. Here’s a breakdown:
- Initial Approval: AED 120
- Trade Name (English): AED 620
- Tasheel Preapproval: AED 350
- Tasheel MOA: AED 345
- Trade License Fee: AED 11,960
- Foreign Trade: AED 2,000
- Corporate PRO Services: AED 6,000
Total: AED 21,395
Key Benefits of Starting a Medical Equipment Trading Company in Dubai
Ease of Business Setup
Dubai offers a streamlined process for business setup. Partnering with a business setup consultancy like Tycoon Documents ensures a hassle-free experience.
100% Foreign Ownership
Dubai’s business policies allow international investors to own 100% of their business, making it highly attractive to foreign entrepreneurs.
Tax Exemptions
Investors enjoy tax benefits, including no personal, corporate, or income taxes, with only a 5% VAT on certain activities.
Mainland and Free Zone Options
Entrepreneurs can choose between establishing their business in the mainland or a free zone, each offering unique advantages.
Easy Visa Process
You can easily obtain residency and employment visas, allowing you to live, work, and travel across the UAE.
Documents Required for a Medical Equipment Trading Business in Dubai
- Trade name options
- Detailed company profile
- Passport copies of shareholders
- List of products to be manufactured or assembled
- Application form signed by an authorized company representative
- MOH approvals and ISO 13485 certification for each production site
- Legal manufacturing license
- Registration with the UAE Ministry of Health (MOH)
Steps to Start Your Medical Equipment Trading Business in Dubai
Form an LLC Company
Register your LLC with the Department of Economic Development (DED) and select the appropriate business activity. You must also register with Customs to obtain an import/export code.
Register with the Ministry of Health (MOH)
All medical products must be registered and approved by the MOH to ensure compliance with UAE regulations.
Collaborate with a Local Distribution Agent
Partner with a local agent registered with the MOH to handle product imports and distribution.
Final Thoughts
Dubai’s growing healthcare infrastructure and the supportive government policies make it an ideal place to start a medical equipment trading business. With the right guidance and support, the process is smooth and efficient. Tycoon Business Setup offers comprehensive assistance in getting your business off the ground.
