When it comes to the senses, smell holds a unique place. Scents and perfumes can change the mood and bring back cherished moments. Backed by either mild or strong fragrances, a perfume comes with a unique identification that is highly acknowledged in the UAE market.
Referred to as “Attar”, which is a concentrated form of essential oil derived from botanical sources, the Land of Sheikhs has a potential market in the perfume sector. Dubai, the heart of the UAE, has seen an influx of new boutiques that deal in the same ground, which becomes appealing to business persons interested in a company formation in 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 businesses in the region. According to a recent report, one of the costliest perfumes in the world is available in Dubai which holds a value of Dh. 4.8 million. Back in 2017, the perfume market was worth USD 403 Million, which is expected to reach USD 685 Million in 2023, with a CAGR of 9 percent. 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 include a rise in social media, penetration of e-commerce, rise of disposable income, etc.
Dubai Industrial City- Ground of Perfume Manufacture in the UAE
When it comes to perfume manufacturing industries, the Dubai Industrial City Free Zone 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 companies 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 business operations.
- The UAE holds ground for entrepreneurs as well as established businesses.
- Presence of multiple zones like Mainland, Free Zone, and Offshore.
- Easy availability of a business license in Dubai.
- Easy import and export availability to the neighboring countries.
In short, we can say that the UAE holds a vast opportunity when it comes to the 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 companies. 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 with business processes 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 issues, 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.
Back to topCommitbiz LLC your Business Guide
At Commitbiz LLC, we take care of the essential needs of our clients. Since its inception, we have dealt with multiple clients across the globe in different business industries. Our business experts are well-versed in 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 will be glad to assist.
Back to topIs it profitable to open a UAE perfume shop?
The perfume industry was valued at 528 Million dollars in 2020. Since then its growth rate is being estimated to be 8.4% starting from 2022, which means the perfume business is profitable in UAE.
What licenses are needed for starting a perfume business in UAE?
You’ll require a business license, which you’ll get from the Department Of Economic Development (DED)
Which is the best location for setting up the perfume manufacturing facility?
The most sought-after ones by perfume manufacturing companies are - Jebel Ali Freezone in Dubai.
Which are the most popular Perfume Companies in UAE?
- Arcadia
- Hind Al Oud
- Kayali
- Widian
- Emirates Pride
What are the documents required for opening a Perfume company in the UAE?
- Test reports of all your perfumes done in the laboratory
- Your company registration certificate
- Certificate of free sales
- Analysis report of your perfumes
