A Quick Guide to Start a Medical Equipment Trading Company in Dubai

Medical equipment is the backbone of the health industry. It is through leveraging the possibilities and capabilities of medical equipment that many diseases can be cured.

As such, starting a medical equipment trading company presents a variety of options to grow in the field.

However, you need to take care of a plethora of things while trying to start a medical equipment trading company in Dubai.

Let’s find out what you need to know when you start a business to sell medical equipment in Dubai such as PPE, sanitizers, masks, surgical gloves and the like.

Obtain the Required License for Medical Equipment Trading Company in Dubai

No matter what business you are trying to start in Dubai, you have to obtain the required license. For this, you must apply for a commercial license from the Department of Economic Development.

If you are trying to found an LLC in Dubai, you need to have a statutory sponsor who is a UAE national as your partner and he/she will hold 51% of the stock while the remaining can be held by the foreign national.

Documents Needed to Register Your Medical Equipment Trading Company

When trying to register your business with the Department of Economic Development, you must submit the following to the department;

The 7-Step Application Process to Begin Your Medical Equipment Trading Business

The following is the process that you need to follow to acquire a trade license in Dubai and start trading medical equipment.

Secure initial nod from Department of Economic Development: This is the first thing you have to do. Only if you get the approval from the department can you go ahead with all other steps leading to securing a trade license in Dubai.

Get your trade name approved from the DED: The next step in the process is to have your trade name approved by the department. You need to make sure that the name is unique and not similar to any business already established.

Get the Memorandum of Association written and signed: The local partner and other partners must be present alongside you to sign the prepared MoA.

Have a physical place rented: If you are trying to establish a Dubai mainland business, it is statutorily needed that the business has a physical address.

Submit tenancy contract: When you rent a place for your business, you will get a tenancy contract. You must submit the same to the DED, as well.

Additional approvals: Since you are trying to establish a medical equipment trading company, if there are any additional approvals from any department of govt., you must secure those as well.

Pay your fees and get the trade license: Once you follow the process and pay the mandatory fees for the processing, you will be given the trade license with which you can start conducting your business.

Due to the very nature of the business, you may also need to hire an expert to advise you on the process as well.

There are several business setup consultant companies in Dubai who can get through all statutory processes quick and fast.