Pharmaceutical “Trading” Business Activities in the UAE Market


Pharmaceutical “Trading” Business Activities in the UAE Market
 
Any Pharmaceutical related Business Activity has to be registered as either Mainland or Free Zone structure, however, both structures require certain approvals from the following authorities:
 
A. Dubai Municipality.
B. Ministry of health.
C. Department of Environment.
 
The Business activities below are available to be registered in the United Arab Emirates:

 

Pharmacy:

A specialized facility licensed to sell and prepare registered drugs, pharmaceuticals, medical supplies and dispense herbal and medical drugs against medical prescription, according to the laws and regulations issued by competent authority of UAE. It is supervised by a licensed pharmacist who works permanently in the pharmacy.

 

Para Pharmaceutical Trading:

Includes reselling para-pharmaceutical products not directly used for medication or treatment, including plasters, after-shave lotions, creams, anti-smoking products, tooth pastes, mouth wash and others sterilization products.

 

Drug Store:

A facility licensed to import and store registered pharmaceuticals, medical supplies, and herbal medicines alternative medicine drugs and distributes the same on wholesale basis.
 

For the Free Zone Registration, I strongly recommend forming this particular Business with Dubai Healthcare City (DHCC).

 
Dubai Healthcare City (DHCC) is the first medical free zone in the world. The rapidly increasing population growth and economic boon in the Middle East has given Dubai Healthcare City the impetus to provide local and international patients with an extensive range of medical care.

 
With a total number of 19,523 healthcare professionals in both the private and public sectors including 6,064 doctors, Dubai is the perfect platform for DHCC.

 

ADVANTAGES OF DHCC

  • 100% Tax Free
  • 100% Foreign Ownership
  • No Corporate Tax
  • No Income Tax
  • No Custom Duty
  • No Restrictions On Capital, Trade Barriers Or Quotas
  • Competitive Pricing

 

COMMERCIAL BENEFITS OF DHCC

  • Low Operating Costs
  • State Of The Art Facilities
  • Flexible Real Estate Design To Suit The Industry
  • Integrated Healthcare Community Providing Specialized First-Class Medical Care
  • Access To Network Of Regional Healthcare Professionals
  • Attractive Investment Opportunity And Financial Return
  • Increased Brand Exposure

 

BUSINESS CONVENIENCE:

  • No Bureaucracy
  • One-Stop Shop For Government Services
  • Business Support Services
  • Hassle Free Company Registration
  • Hassle Free Company Laws And Legal Framework
  • Quick Access To Knowledge Workers Due To Fast Track Immigration Process

 

REGISTRATION SNAPSHOT

 

Step 1: Selecting your unit:

 

The first step is to choose your unit in DHCC and sign a reservation agreement (10% of the annual rent, refundable in case the initial application got rejected in step 2) & AED 3,500 as Admin fee (the admin fee is non-refundable in case initial application in step 2 got rejected).

 

  • The average unit size is: 1,000 sq.ft. – 1,500 sq.ft.
  • The average annual rent is: 190 AED/ sq.ft.

 

Business Canter Concepts

  1. Executive Desk size: 50 sq. ft.

    Executive Desk rate: AED 60,000 per annum
    Visa eligibility: 2
    Lease term: Minimum of 1 year and maximum of 2 years

  2. Executive Office: 100 – 200 sq. ft.

    Executive Desk rate: AED 100,000 per annum
    Visa eligibility: 3
    Lease term: Minimum of 1 year and maximum of 2 years

 

Step 2: Submitting the Initial Application Form – Non-Clinical:
** All applications submitted to CPQ are subject to approval or rejection.

 
http://www.dhcr.gov.ae/en/E-Services/ServicesListing?DepartmentID=2

 

Step 3: Commercial License – Free Zone Authority:
 
http://www.dhcr.gov.ae/en/E-Services/ServicesListing?DepartmentID=2
 

For complete guidance in setting up a Pharmaceutical “Trading” Business, we are here to help you.

 
 

Related Article: How to Establish a Pharmacy – Medicines Trading in the UAE

 

 

 

 

Ahmed Saeed
Managing Director

Author

Ahmed Saeed;  Managing Director

Has breadth of knowledge within the Business Structuring, Investment and Wealth Management Industries. He has been working in these sectors for over a decade.

Ahmed prides himself on his extremely high level of client service together with his reliable, informative advice and guidance to ensure his clients achieve their Business Goals.