Dubai is a renowned destination for trade because of its strategic location, world class transportation system, and a diverse population. Apart from that, it is also known for its entrepreneur-friendly laws and culture of ease of doing business. The government is actively working towards enhancing and its healthcare offerings, which is a major contributor to a country’s economy and its overall development. All these factors make the Dubai a great destination for setting up a medical equipment trading company.
The UAE Ministry of Health and Prevention maintains a register of all medical equipment and pharmaceutical products. The law states that that only registered medicines, equipment, and other pharmaceutical products can be distributed within the nation. So, only products that are registered will receive import permission. Any company interested in medical equipment trading must also register itself and the equipment’s it want to trade with the UAE Ministry of Health and Prevention.
Starting a medical equipment company in Dubai involves obtaining various approvals, and company registration with the UAE Ministry of Health and Prevention. If you are planning to start a medical equipment company in Dubai, you must follow the steps mentioned below:
a) Get the initial approval from the Department of Economic Development (DED)
b) Obtain your trade name approval from the DED.
c) Draft a MoA and get it signed by all the people directly involved in your business.
d) Renting a space for operating your business is mandatory. You also need to register with Ejari to acquire your tenancy contract and unique Ejari number.
e) Submit the obtained tenancy contract and unique Ejari number.
f) Get additional approvals, if any.
e) Pay the fees
g) Get the trade license
To register your medical equipment trading company, you have to submit the following to the DED:
a) At least 3 alternatives for the company name
b) Specify the business activity. The relevant business activities for medical equipment trading company are:
c) Passport copy of all the shareholders
d) Entry stamp or visa page if a partner is on Visit Visa or Residence Visa for partner residing in the UAE
e) Emirates ID of the local sponsor
Dubai is one the best destinations for setting up a medical trading company and there are ample opportunities for business setup in the region. If you are planning to start one, we can assist you with the incorporation process. We help you open your business in Dubai at no time and you can be a part of Dubai’s healthcare industry growth story.
Get in touch with Bizvise and start your medical equipment trading company successfully in Dubai.
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