Not a long time ago, vapes and e-cigarettes has gained immense popularity in global markets. The global e-cigarette and vape market are estimated to be worth USD 15 billion and is expected to expand by 30 percent by 2028. In Dubai, vaping was a huge success as the majority of the male population has already kneeled for it over smoking.
In UAE, selling vapes and e-cigarettes is legal now, so if you wish to start a vape trading company in Dubai, then this is the moment.
First, let’s talk about the benefits of vape trading in Dubai.
When you start a vape business in Dubai, you will also benefit from a low-tax environment.
The corporate and personal tax rates still stand at 0%.
VAT is low and at flat 50%.
To start a vape trading company in Dubai the most important step is acquiring a business license. But before that, you should complete the prior standard steps for starting a business in Dubai. Let’s find out what those steps are.
You have to choose a name for the company. Your company name should be free from any offensive, unethical, or blasphemous terms.
You have to outline your business activities by stating all the services you intend to offer. For example; there are different services in vape trading such as trading vape products, producing own vapes, or starting a vape shop. But you will only be allowed to carry out activities that are listed on your license.
After completing these two procedures, now you can apply for the trade license.
The application procedure for a trade license may vary according to the location. Starting a vape trading company in a free zone means your applications will be handled by the relevant free zone authorities. Whereas if you wish to start Your vape company on the mainland, the application procedures will be handled by the Dubai Department of Economic Development.
To apply for a trade license, you will need to submit the following documents to the respective authorities.
A completed application form (free from errors)
Articles of incorporation
Passport copies for all shareholders
Brief descriptions of intended business activities
To open a vape shop in Dubai, you will need additional approvals also.
Any business regarding the manufacturing or selling of e-cigarettes, liquid refills, electronic shishas and pipes, and other similar items should take approval from the Emirates Standardization and Metrology Authority (ESMA).
If you are planning to produce your liquids or devices, you will also have to have a free sales certificate, product analysis report, and lab reports. But remember, you don’t need to worry as Bizvise is there for you to obtain these approvals in the fastest way possible.
The vape industry is regulated to a certain extent in Dubai, so that, you will need to take multiple approvals or sanctions to kick-start your business. But, the experts at Bizvise are capable of making all these procedures super easy and we are committed to helping you to make all such complicated procedures simple. All you need to do is to contact us.
Our services are not limited to the license application. Bizvise also provides services such as opening a bank account, visa and immigration services, handling government formalities, permissions, work permits, and so on.