Growing in all possible business domains, the United Arab Emirates have equally focused on the healthcare industry to rope in more business investors and to enhance the segment to its best by infusing the best technology and medical services. Considering the healthcare industry as one of the top markets, the Emirati government decided to invest time and money into the segment, and this gave rise to the Dubai Healthcare City, a free zone dedicated to improving the healthcare and healthcare business in Dubai. Before understanding the proceedings in the free zone, it is essential to know how the nation has mapped the growth.
Medical Tourism in Dubai
The nation’s healthcare system doesn’t just interest the citizens and the residents. Its world-class system allows ex-pats to get benefitted. This gave rise to medical tourism in Dubai.
The ground of UAE is known as a famous tourist destination. Over the changing years, the government has focused on increasing medical tourism, wherein tourists seek the best medical, dental, or cosmetic surgeries at a global level. The core drivers of medical tourism involve:
- Advanced Technology
- Better quality-care medical proceedings
- Quicker access
- Lower-cost care medical facilities
- Lower cost for discretionary procedures
By providing high-end medical tourism services, Dubai health tourism has made its mark in the minds of global consumers. The majority of the global population seeking medical tourism services opt UAE as their ultimate stoppage. The segment has been scaling up continuously and is expected to hold a massive market in the future.
How to Start a Healthcare Business in Dubai?
There are several good reasons to start a healthcare business in Dubai and for starting one, investors need to follow a series of steps to incorporate a healthcare business in Dubai especially in Dubai Healthcare City (DHC) :
Initial Approval - Apply for the provisional approval, and submit the application to get the initial approval
Business Plan - Submit a copy of the business plan to the free zone authorities
Documentation - Submit the legal documents for company registration
Office Space – Select a suitable office space for your business
Fees - Pay the requisite fee. Once the records get analyzed, the license will be issued within 2-4 weeks.
Healthcare business in UAE is one of the most incorporated business domains. Thanks to the technologies and advancements in the medical field of the nation.
For Company Incorporation
- Proof of trade name reservation and initial approval for the activities
- Passport copies of the shareholders
- Personal Information Sheet for each shareholder and manager
- Documents for lease agreement [it is mandatory to have a physical business/ office address in the UAE for company setup]
- Attested and notarized Memorandum of Association/ Articles of Association from the UAE Embassy at the place of origin (only for corporates)
- An attested and notarized power of attorney appointing a business advisor as your legal representative to act on your and/or shareholders behalf
- Attested and notarized certificate of registration or incorporation, and business license of existing company/ entity by the UAE Embassy (only for corporates)
- A physical address for your business
For Branch Setup
- Passport copies and the personal information sheet of the manager and shareholders, along with the resume of the manager (the manager must have a university degree)
- Proof of trade name reservation for the new branch and initial approval sheet for the activities performed by each shareholder and manager
- Initial approval proof for the activities to be performed in the new branch
- The lease agreement of the new branch
- Existing company or entity’s certificate of registration/ incorporation or license., duly attested and notarized by the UAE Embassy
- Board resolution of the directors of your existing company at the place of origin showing the expression of interest for establishing a branch of the current entity in DHCC (only for corporate shareholders)
- Company profile of your main branch (only for corporate shareholders)
- Your physical business addresses
Start Your Healthcare Business in Dubai with Commitbiz
Commitbiz Consultants stands precisely the same, holding the position of one of the best business consultants in the UAE. Our professional experts are well-versed with the incorporation procedures and maintain a vision to accelerate your business. If you are planning to set up a healthcare business in Dubai, then we are the one-stop-shop. Contact us today.