How to Setup a Pharmaceutical Company in Dubai?

The healthcare ecosystem in Dubai has been thriving due to strategic government initiatives such as the development of Dubai Healthcare City (DHCC) and other support programmes. With ‘Vision 2030’, Dubai is investing heavily in healthcare facilities, offering incentives for foreign entrepreneurs, and growing into a multifaceted economy. All these make it an ideal time to start a pharmaceutical company in Dubai. This article provides you with all the necessary information to streamline your business voyage in the Emirate's pharmaceutical industry.

Overview of the Pharmaceutical Industry

Understanding the market through strategic insights helps you draft a business plan for your pharma business. Here are some facts about the pharmaceutical industry of UAE:

• With the rise of digitalisation, consumers are looking for online channels to buy pharma products.
• The pharmaceutical industry in UAE is growing at a rate of 6 percent and is projected to achieve a market volume of 2.6 billion dollars by 2029.
• Oncology and anti-diabetes drugs have been the major contributors to the overall market sales throughout the years.
• The Ministry of Health and Prevention (MOHAP) regulates the pharmaceutical industry in UAE, ensuring international standards are maintained.

Which Type of Business Activities Can a Pharmaceutical Company Conduct in Dubai?

Mentioned below are some of the business activities you can consider when setting up a pharmaceutical company in Dubai:

Documents Required to Start a Pharma Company in Dubai

Ensuring accurate documentation can streamline the process of business setup in Dubai. Here are the documents that must be submitted to set up a pharmaceutical company in Dubai:

• GMP certification
• Copy of the business plan
• Copy of the lease agreement
• Copy of the owner's passport
• Copy of the trade name certificate
• Shareholder’s coloured photograph
• Copy of Articles of Association (AoA) and Memorandum of Association (MoA)

Procedure to Establish a Pharmaceutical Company in Dubai

To start a pharma company in Dubai, you must follow the steps mentioned below:

Step 1: Choose a proper business structure that suits the business activity. Some popular legal entities include limited liability company (LLC), sole proprietorship, and partnership firm.

Step 2: Adhere to the naming regulations to reserve a unique business name and obtain the trade name certificate.

Step 3: Choose a physical location for the office or find a space as per the business activity. Make sure to sign and obtain the lease agreement.

Step 4: Submit the requisite documents along with the application form to the Department of Economic Development (DED), Dubai and avail initial approval.

Step 5: Obtain approval from the Dubai Health Authority (DHA) by complying with regulations, like dossier submission, GMP compliance, and other quality checks.

Step 6: Pay the required fees and obtain the relevant business licenses in Dubai to conduct pharmaceutical activities in the Emirate.

Why Commitbiz?

Becoming successful in Dubai’s healthcare sector requires dedication, flexibility and availing services from the best business setup consultants. Commitbiz LLC has assisted 10,000+ clients in navigating various business challenges across jurisdictions. We provide comprehensive and customised business setup services to ease the business journey. From obtaining the necessary business license to opening a bank account, we support businesses. Contact us to turn your business dreams into reality!