Set up a Business for Selling Pharmaceutical Goods
Set up a Business for Selling Pharmaceutical GoodsUpdated on Wednesday 17th October 2018
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Starting a pharmaceutical company in the UAE is often a great business idea considering the fact that this industry is extremely competitive and appealing for domestic and local investors. Selling pharmaceutical goods in Dubai is subject to special licenses and permits issued by the Ministry of Health and other requirements linked to the business formation in this city. Legal assistance is provided by our team of lawyers in Dubai for foreigners interested in opening a company in the pharmaceutical sector in the UAE.
What types of companies can I open in the pharma industry in Dubai?
The Ministry of Health in Dubai issues a series of licenses for foreign investors looking to open companies in the pharmaceutical sector and allows them to start businesses like the following:
- • medicines, supplements and cosmetic products can be sold through drug stores in Dubai;
- • imported medicines can be distributed and sold through pharmacies in Dubai;
- • the production of medicines in the UAE is subject to special licenses issued by the Ministry of Health;
- • drug stores can serve to clinics and hospitals in Dubai.
The legal requirements in terms of licenses can be explained by our Dubai attorneys who can help foreign investors set up their pharmaceutical companies in mainland Dubai or in the free trade zones.
Conditions for opening a pharmaceutical company in Dubai
Selling pharmaceutical goods in the UAE starts with the registration of the business and the approvals issued by the Drug Control Department in Dubai. Foreigners need to have a partner from the UAE in order to establish a business for selling pharmaceutical goods. The same business partner will hold the pharmacy license which is mandatory for opening a business in this field, as stipulated by the Federal Law No.4. One should know that the preliminary and the final approval of the pharmacy you intend to open in Dubai are issued by the Drug Control Department in Dubai, the authority that inspects the location before the business starts to run on the market.
We invite you to contact our law firm in Dubai and find out more details about how you can set up a business for selling pharmaceutical products in Dubai.