When it comes to the senses, smell holds a unique place. Scent and perfumes can change the mood and bring back cherished moments. Backed by either mild or strong fragrances, a perfume comes along with a unique identification that is highly acknowledged in the UAE market.
Referred as “Attar”, which is a concentrated form of essential oil derived by botanical sources, the Land of Sheikhs has got a potential market in the perfume sector. Dubai, the heart of the UAE, has seen an influx of new boutiques that deals in the same ground, which becomes appealing to business persons interested to set up a business in the UAE. If you also hold an interest in incorporating or expanding your perfume business, then this blog is for you.
Perfume Business in the UAE
The perfume business is one of the most profitable business in the region. According to a recent report, one of the costliest perfumes in the world is available in Dubai that holds a value of Dh. 4.8 million. Back in 2017, the perfume market was worth US$403 Million, which is expected to reach US$685 Million in 2023, with a CAGR of 9%. In recent years, many international perfume houses have incorporated their base in the UAE region.
Target Market for Perfume Business in the UAE
When it comes to the target market, both men and women can be seen using their choice of perfume for personal grooming. Some of the famous fragrances include Amber, Oud, Musk, Exotic flowers etc. However, unisex perfumes represent the largest segment.
The factors that are boosting the perfume market in the UAE region includes a rise in social media, penetration of e-commerce, rising of disposable income etc.
Dubai Industrial City- Ground of Perfume Manufacture in the UAE
When it comes to perfume manufacturing industries, Dubai Industrial City covers them all. Stands as a part of TECOM Investments, and situated near Jebel Ali, DIC was incorporated in 2005. This free zone comes with several benefits for investors and business owners who want to establish their company in Dubai. Respective licenses are also provided to start the business operations in a relaxed and hassle-free way.
Perfume Retail Business in the UAE
The land of the United Arab Emirates holds equal opportunities when it comes to the retail business in the perfume segment. The retail market is one of the growing sectors in the region, and a respective trading license is readily available to business owners who give them the ownership and legal permission to start the retail business.
Why Start a Perfume Business in the UAE?
- One of the fastest growing business sectors in the UAE
- UAE has a robust network and transportation facility that eases the business operations
- The UAE holds ground for entrepreneurs as well as established businesses
- Presence of multiple zones like Mainland, Free Zone, Offshore
- Easy availability of a business license
- Easy import and export availability to the neighbouring countries
In short, we can say that the UAE holds a vast opportunity when it comes to a perfume business. Be it a regional or an international market; the UAE holds a possibility for both.
Moreover, a target market is readily seen that provides an excellent chance for business investors or entrepreneurs to set up their company. If you are willing to start your own perfume business in Dubai, then it’s the best time to give a kick-start. It is to be noted that while dealing for business process in a foreign land needs to abide by the legal laws. Forbidding the constitutional laws can put you and your business in great danger. To avoid any legal issue, it is advised to take the help of business consultants who can help you in the incorporation process, along with the legal proceedings. Wondering whom to contact? Don’t worry. Your business guide is just below.
Commitbiz| Your Business Guide
At Commitbiz, we take care of the essential needs of our clients. Since inception, we have dealt with multiple clients across the globe dealing in different business industries. Our business experts are well-versed with the incorporation as well as the legal processes and will help you to complete the process in a hassle-free way. To have a word, do contact us-we’d be glad to assist.