Even though the United Arab Emirates is well known for its oil business, the manufacturing sector has started growing rapidly in the market. Foreign investments into the non-oil sectors have taken over the UAE’s business group. Moreover, the UAE’s government is also taking remarkable initiatives to boost the growth of the industrial sector in Dubai and other popular emirates. Setting up a manufacturing company in UAE is in trend now. Besides, UAE has also emerged as the top choice for investors to start an industrial company in Dubai. The lucrative market, business-friendly environment, easy company registration process, and tax benefits, invite investments from all over the world.
Dubai is gradually transforming into an international hub for knowledge-oriented, advanced, and sustainable industrial activities. Its strategic geographical location, excellent infrastructure, and economic stability make it the perfect destination for manufacturing business setup in UAE.
A small manufacturing unit or a big corporation, which could be the best choice for business setup in the UAE? You can get the best advice from the business consultants of Shuraa who can guide you along with the various business setup policies and benefits in the UAE.
Advantages of starting an industrial company in Dubai
- The favorable geographical location provides better connectivity and improved networking with neighboring countries.
- Companies launched in UAE freezones are exempted from all kinds of taxes.
- Dubai has amazing logistics and transportation facilities to offer to the manufacturing industries in the UAE.
- It offers an excellent labor force at reasonable costs. Most of the labor is from countries like India, Pakistan, the Philippines, and others where trade unions are banned by the government.
- Dubai authorities provide land, ready-to-move industrial premises, offices, and other necessary infrastructure to the manufacturing companies.
- The energy resources are available at lower costs.
- Dubai comes up with new opportunities every day for businesses and is actively developing economically as well as socially.
- The vibrant economy of Dubai pushes businesses to grow and progress in local as well as international markets.
- The extended support from the Dubai government helps in the development of small firms, start-ups, large corporations, multinational companies, etc.
- The standard of living in Dubai is astonishing. Hence, setting up a manufacturing company in UAE would be a profitable idea.
- Administrative formalities for manufacturing business setup in UAE are low and easy.
- The UAE government ensures confidentiality in information and maintains business privacy.
- The manufacturing industry is an actively growing sector in the UAE.
Process of setting up a manufacturing company in UAE
- Firstly, the owner needs to decide on the business activity or the product that they intend to manufacture in their company.
- For setting up a company in the UAE mainland, the owner must find a reliable local partner for business setup.
- Submit required documents for trade name registration.
- Get pre-approval from the Department of Economic Development.
- After getting the initial approvals from the DED, draft an MOA(Memorandum of Association) and sign it along with all the partners/shareholders.
- Get a No Objection Certificate(NOC) from the Ministry of Economy after submitting the requested documents to get clearance for your Industrial venture.
- Find a proper warehouse for your manufacturing plant, depending on your manufacturing activities.
- Get the tenancy contract after registering your company with the Ejari and obtain a unique barcode for future purposes.
- Most importantly, get approval from the Dubai Municipality’s planning department for acquiring an industrial license in Dubai.
- Now you need permission from the environment department. So, submit all the documents and approval to them and get industrial clearance.
- Certain manufacturing units require approvals from external departments. For example, the food control department approves food production company. For chemical production, approval from the narcotics department is required. Similarly, for jewelry units, the Dubai police approve.
- Submit all the final documents with the DED, pay the license fee, get your industrial license, and start with your manufacturing operations.
You may like it: How To Start a Small Business in Dubai
Top reasons for setting up a manufacturing company in UAE
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Direct foreign investment
Dubai is among the top ten international cities which receive loads of foreign investment. It offers a plethora of business opportunities that attract foreign investors and budding entrepreneurs. With its investment-friendly environment and investor-friendly policies, Dubai stands as a global city achieving sustainable growth based on innovation, creativity, and high productivity.
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Better connectivity
Dubai is strategically located in the UAE which is easily accessible via international airports and seaports. This, thus, helps in connecting the southeast and western markets to connect with Dubai 24×7. With the great technological facilities, networking with adjacent countries becomes hassle-free as well as convenient. Therefore, setting up a manufacturing company in UAE, especially Dubai can be a great choice.
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Talent from within the community
Dubai homes some of the best forward-thinking, ambitious, and sophisticated engineers, innovators, and technologists. In short, the city is a pool of talent. In addition, it also has a satisfying and improving business-friendly atmosphere. Hence, Dubai has a lot to offer to those budding industrialists who come to Dubai desiring a rewarding career-enhancing environment to thrive, prosper, and change the world.
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Diverse customer base
Undoubtedly, Dubai is a city of diverse culture. It welcomes people from different countries and communities to find their passion and dream in this megacity. Citizens from different parts of the world are currently living in Dubai engaged in different jobs and professions. It also has millions of tourists visiting every year to embrace the UAE culture. Furthermore, it has a proven track record of being the launchpad to test and expand operations across national borders. Hence, it presents an assorted customer base for different industries to increase their reach and grow their business.
Conclusion
Setting up a manufacturing company in UAE is a rewarding business opportunity for several investors around the world. The ease in forming an industrial firm, along with yielding profits and exempted taxes gives them a reason to start a manufacturing business setup in UAE. The Dubai authorities also help in arranging warehouses or physical industrial places to set up manufacturing plants where raw materials can be turned into finished goods.
As Dubai is located in the center of multiple airports and seaports, transportation of raw materials and manufactured products becomes easier. Additionally, a diverse variety of advisory and technological services provided by the Dubai government assists in achieving manufacturing excellence. However, dealing with the industrial company registration formalities and other legal stuff can be quite complex and confusing. It can be overbearing in terms of money, time, and energy as well. To avoid such hassle, seeking the assistance of a business setup consultant in the UAE can be a better option.
Shuraa Business Setup can help you throughout the lengthy procedure to start an industrial company in Dubai. Our advisors will help you save money on overhead costs, handle all your documentation, and also help you avoid common start-up mishaps and damages. With us, you get perfect solutions for all your business queries and you will be up and running with your business in no time.
Connect with Shuraa and get the best services from our professionals!
Call +971 44081900 or chat on WhatsApp at +971 50 777 5554 to book a free session with us. You can also share your requests at [email protected].
