How to Start a Perfume Business in UAE - The Million Dollar Business
Perfume Business in #UAE
On average, the UAE perfume industry is said to be more than 500 million dollars and is expected to touch nearly 700 million dollars towards the end of 2023.
The Middle East region has its own unique brand of perfume commonly known as “Attar”. The perfume industry in UAE is one of the most promising and profitable businesses, making it an attractive business option.
What Are the Key Benefits To Start a Perfume Business in UAE?
There are several benefits entrepreneurs, businessmen and investors can enjoy on opening a perfume business in UAE. Check them below:
1. Variety Of Products
Being an investor in the perfume business offers you to deal with a variety of fragrances in UAE. Consumers living in UAE currently prefer rich, warm, and natural forms of fragrances.
2. Low Tax Rates
One of the best parts of doing perfume business activity in UAE is the low tax rate. Moreover, foreign investors are not required to pay any type of corporate taxes.
3. Flexible Business Location
Being an entrepreneur opening a perfume business in UAE, you are free to rent a workplace and get started with the business operations.
4. Supportive Government
UAE is one of the multicultural places that gets a high inflow every year. The government continues to make new policies to encourage and empower investors to set up and run perfume businesses in UAE.
5. Hassle-Free Licensing
Launching a perfume business is hassle-free as the approvals and licensing methods are cost-effective and well-defined.
6. Technological Advancements
The country has one of the most updated digital facilities. Moreover, UAE is on the way to a technologically-advanced future and to be called the world’s best digital hub. With the help of technology and the internet, you can list your perfume business in eCommerce and social media.
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How to Start a Perfume Business in UAE?
Like any other business, starting a perfume business also has its own rules and regulations that need to be followed. Abiding by these rules and regulations helps you give a head start to begin your wonderful journey.
The procedure is quite straightforward with a planning stage, implementation stage, and lastly, waiting for approval. After you get approval for your business, you can start making your products available to the clients for purchase.
Step 1: Shape A Business Plan
You can never do anything without proper research and planning. First and foremost, formulate a business strategy by formally writing down your company’s goals, mission statements, the products you would like to offer, the budget plan, and your business capital.
Step 2: Create a brand
Create a logo for your perfume company and register your trademark with the appropriate authorities in UAE. To create a creative logo, you must hire designers who will assist you in creating an appealing perfume logo that will attract the target audience.
Step 3: Design Bottles and Packaging
The look and style of your product is the most important thing. Especially when advertising the product, people are going to look at your product.
Hire professional researchers and experts to give you advice on how to design and package your product that is catered to your targeted customers. The manufacturing of bottles and packaging can be outsourced to a contractor.
Step 4: Build a Brand
The long-term success of your business depends on whether your company is able to establish itself as a brand or not.
Hire creative designers to design a brand logo that appeals to the targeted audience to represent your company. These creative designers can help you design a marketing strategy for your brand.
Step 5: Business License
The most important step to starting a business is obtaining a business license whether mainland or free Zone in UAE.
Setting Up a Manufacturing Facility
The cost depends on fragrance creation, assembly, filling, designing and packaging for your perfume brand.
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Business Development Executive
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