How To Start Pharmacy License in Dubai?

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PHARMACY LICENSE IN DUBAI

The industrial pharmacy offers opportunities to pharmacists of all educational levels. The largest number of pharmacists is involved in marketing, sales, and administration. Some pharmaceutical manufacturers employ pharmacists as their professional service representatives, to educate physicians and pharmacists about the manufacturer’s products. This can be a rewarding career for persons with the right personality and motivation, and it is often a stepping-stone to supervisory positions in sales and a path toward integration into the administrative and sales structure of a pharmaceutical firm. Pharmacists with master’s degrees in business or additional degrees in law find additional opportunities in the pharmaceutical industry in the marketing, sales, and legal departments. Pharmacists can also serve the industry as professional communications managers and clinical research scientists; research and development personnel often have advanced degrees, although this is not always the case. Production and quality-control (or quality-assurance) supervisory positions often are held by pharmacists.

BUSINESS NEWS

The global and UAE pharmaceutical market have experienced growth as increasing demand has been accompanied by scientific advances leading to product innovation with newer and potentially more useful medicines. This supply and demand-side growth in the overall market has been accompanied by the development of niche markets which are estimated to have experienced relatively fast growth, says the latest analysis by the Dubai Chamber of Commerce and Industry.

Sales in the UAE pharmaceutical market are estimated to have been valued at around $3.1 billion by 2018. Market size is estimated to have increased from around $2.4 billion in 2015. The majority, around 86 percent of total pharmaceutical sales in 2018, where sales of prescription medicines. The UAE is estimated to have imported around Dh14.9 billion worth of products as part of pharmaceutical products (HS 30) from the world market in 2018, according to data from the UAE Federal Customs Authority.

Healthcare which is not related to preventive or treatment will be subject to five percent VAT. But the following healthcare services related to the well-being of human beings are zero-rated: Preventive healthcare including vaccinations; treatment-related services including medical services and dental; pharmaceutical products and medical equipment identified by the Cabinet decision

 

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BENEFITS OF LICENSE REGISTRATION IN DUBAI

  • 100% Ownership
  • No corporate tax
  • Duty free
  • No currency restrictions
  • No Minimum capital
  • Ability to deal with the UAE government
  • Ability to develop your business with international trade
  • Right to trade across Dubai and in the UAE
  • Office premises anywhere in mainland Dubai
  • More options on business activities
  • No limit on number of visas (Depend on office size)

WHY BIZGATE? FOR BUSINESS SETUP & SUPPORT SERVICES

  • Taking company trade name approval
  • Preparing application for business activity approval
  • Security approval if required
  • Drafting Memorandum agreement
  • Arranging reliable & strong UAE National partner
  • Office space
  • Obtaining external approval if required
  • Final submission to license issuance authority
  • POA agreement
  • Assistance in bank account openings
  • VAT Registration
  • Government Approvals

Mainland Company Setup

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Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.

Presently, there is no requirements to deposite the share capital in UAE local bank.

Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space