Perfumes have the ability to spark a wealth of emotions and cherished memories. The perfume industry has a bright future in the UAE with an average of more than 500 million dollars. It is expected to reach nearly 1039.8 million dollars by the end of 2027. Opening a perfume business in Dubai can be very profitable. Learn How to Start a Perfume Business in Dubai to become successful in your endeavor.
The Middle East region has its own unique brand of perfume commonly known as “Attar”. The perfume industry in Dubai is one of the most promising and profitable businesses, making it an attractive business option.
Here are some of the rules and regulations that need to be followed if you want to start a perfume business in Dubai.
Targeted Market of the Perfume Industry
The targeted market or customers of the perfume industry is everyone who is into personal grooming, i.e. both men and women. The willingness of both men and women in purchasing perfumes is one of the main factors which is fostering the UAE perfume market. Some of the most preferred scents include musk, amber, exotic flowers, oud perfume, and many more.
Retail in Dubai
Dubai is known for its retail industry. All products of major brands have seen huge success in the city. The tax-free policy in the UAE helps businesses to flourish. The perfume business is also one of the most promising industries in the retail sector.
Companies can easily sign up for a business trade license and begin their operations and run their business.
How to Start a Perfume Business in Dubai?
Like any other business, starting a perfume business also has its own rules and regulations that need to be followed. Abiding by these rules and regulations helps you give a head start to begin your wonderful journey.
The procedure is quite straightforward with a planning stage, implementation stage, and lastly, waiting for approval. After you get approval for your business, you can start making your products available to the clients for purchase.
Step 1: Shape A Business Plan
You can never do anything without proper research and planning. First and foremost, formulate a business strategy by formally writing down your company’s goals, mission statements, the products you would like to offer, the budget plan, and your business capital.
Step 2: Innovation
Hire a group of researchers and experts to help you invent your own exclusive products. Research different perfume recipes by making distinctive blends by purchasing essential oils in fragrances of interest.
Begin by blending scents together and experiment with different scents to produce a few fragrances which are beautiful to the senses and unique, and then start producing them in mass quantities.
Step 3: Design Bottles and Packaging
The look and style of your product is the most important thing. Especially when advertising the product, people are going to look at your product. If people have to take an interest in your product, it must be attractive and appealing to their senses. For that, you must invest heavily in the design and packaging of your product.
Hire professional researchers and experts to give you advice on how to design and package your product that is catered to your targeted customers. The manufacturing of bottles and packaging can be outsourced to a contractor.
Step 4: Build a Brand
The long-term success of your business depends on whether your company is able to establish itself as a brand or not.
Hire creative designers to design a brand logo that appeals to the targeted audience to represent your company. These creative designers can help you design a marketing strategy for your brand. You will also have to register your trademarks with the authorities in Dubai.
Step 5: Business License
The most important step to starting a business is obtaining a business license from the Department of Economic Development (DED) to begin your perfume business in Dubai.
Setting Up a Manufacturing Facility
In the past, perfumes were all produced manually and sold in bulk. This trend has come to an end as the world of personalization has taken hold of everyone’s attention. This change in the market has led the manufacturing industries to innovate and come up with a solution of customized fragrances that are tailored to meet the needs of different people around the world.
This trend saw a huge market opening in UAE where it was firmly established in. In addition to being an international destination, UAE is known as the strategic commercial center for the entire perfume industry.
If you are thinking of setting up a manufacturing facility for your perfume business, there are a number of free zone options available that you can choose from. Jebel Ali Free Zone, Dubai Free Zone business, etc provide facilities that are ideal for your perfume business industry.
Also, read Benefits of UAE Free Zone Company
Why Start a Perfume Business in Dubai?
Starting a perfume business in Dubai helps to set you on a path of prosperity. In addition to being a profitable venture, network building can help you come across more business ventures and opportunities. Many famous perfume manufacturers are now part of what is called the “celebrity cult”, which is also an added benefit that comes with the perfume industry.
In addition to its financial aspect, the perfume industry provides you with an international market. This essentially opens doors for customers across the world, which is an amazing business proposition. Moreover, in the UAE, they have a robust transport system that helps you to carry out your business operations with ease.
Another key benefit of starting a perfume business in Dubai is its low tax rates. Foreign investors need not pay any type of corporate taxes. Even the VAT rate is also very affordable at just 5%. Even then, the VAT is only applied if you are selling your perfume within the UAE.
Also read How Can Business Consultants Help?
Once you have your business plan for your perfume industry ready, you can always get help from business setup services in Dubai to guide you in obtaining a license for your perfume business in Dubai, United Arab Emirates. A&A Associates in Dubai and the UAE specializes in providing hassle-free and competent support to assist entrepreneurs in launching their dream businesses. Contact us to know more.