Healthcare Pharmaceuticals Business in UAE

The United Arab Emirates emerged as one of the Middle East’s country hubs for pharmaceutical businesses and healthcare institutions. The reasons for the consistent growing demand for medical devices, medication, and healthcare institutions are growing population, medical tourism, and technology-capable high-tech health centers. This makes the UAE a prime destination for Healthcare and Pharmaceuticals.

If you are ready to join this sector, then the UAE is the destination where you should be — investors’ policy or infrastructural establishment. Tax-tube Consultancy is an entrepreneurs’ guidance for entrepreneurs, companies, and investors to set up in the new age business world.

Why the UAE for Healthcare Pharmaceuticals?

UAE healthcare sector is worth billions of dollars and rising every year. That is one of the reasons that it is a good investment concept to invest in business here in the healthcare sector as per below:

High-tech healthcare centers with set health centers.
Abu Dhabi and Dubai healthcare tourism are promoted locally and globally.
Government health facility and R&D spending.
Sufficient geographical location to access the GCC, Middle East, Africa, and Asian country markets.
Compliant private healthcare investor regulations.
Continued demand in the market for specialty therapeutics, drugs, and technology.

When it comes to Healthcare Pharmaceuticals, the UAE provides flexible business structure options that allow entrepreneurs to establish and expand successfully.

You can register your pharmacy or health business as follows:

Mainland Company

Ideal if you would like to sell directly into the UAE market or own pharmacies, clinics, or hospitals outright.

Registered together by the Ministry of Health (MOHAP) and the Department of Economic Development (DED).

Ideal for investment by investors who might deal in the health business locally.

Free Zone Company

Award 100% foreign ownership.

Re-export, importation, exportation, and distribution of health care products, pharmaceuticals, and medical devices.

Hot-demand free zones: Dubai Healthcare City (DHCC), RAKEZ, and JAFZA.

Ideal for regional and international trade investors.

Types of Licenses Available

Subject to your business, you can apply for:

Pharmacy License – To establish a retail or wholesale pharmacy.
Healthcare Facility License – For hospitals, diagnostic centers, and clinics.
Pharmaceutical Trading License – For trading in and exporting/importing pharmaceuticals.
Medical Equipment Trading License – For trading in and exporting/importing medical equipment, instruments, and machines.
Industrial License – In the event of the manufacture of healthcare or pharmaceutical goods.

The UAE offers multiple license options, making it one of the most promising destinations for investors in Healthcare Pharmaceuticals.

Regulatory Approvals

The pharmaceutical and health care industry is strictly regulated and controlled for security and regulation. Approvals can be acquired from:

MOHAP (Ministry of Health and Prevention).
DHA (Dubai Health Authority).
DOH (Abu Dhabi Department of Health).
ESMA (Emirates Authority for Standardization & Metrology) for medical devices.
They are activity-based businesses (trading, healthcare activities, or manufacturing).

Advantages of Business in the UAE

100% foreign ownership of the business in the free zones.
Tax advantage on the side of immunity from personal tax and company tax in most of the free zones.
100% repatriation of profit without any restriction on currency.
Investor, family, and employee’s residence visas.
Facility for easy access to the expanding regional market and even overseas export to international markets.
Legal safeguard of greater width for the investor in the pharma and healthcare business.
Listing of Esther on the Abu Dhabi or Dubai exchange.
Pharma & Healthcare Business Setup and Establishment.

Your business in the UAE, established, has infinite opportunities of expansion:

Partner with clinics, pharmacies, and hospitals to cater to them by undertaking business in supply and distribution.
Grow locally in African and GCC countries by way of exports.
Attend Dubai medical exhibitions such as Arab Health.
Develop medical tourism needs to provide extended services.
Investment in free zone R&D to catalyze innovation.
Regulatory compliance, renewal, and development plans are also offered to clients to keep business growing incessantly without being bound.

With these opportunities, the UAE is shaping into a global hub for Healthcare and Pharmaceuticals, offering unmatched potential for investors and entrepreneurs.

Step-by-Step Process with Taxtube

Select activity (health services, manufacturing, trading).
Select Mainland or Free Zone setup.
Offer a valid license.
Obtain necessary clearances from MOHAP/DHA/DOH.
Hiring office, pharmacy, or facility space on rent.
Obtaining recruitment and administration visas for the employees.
Opening a business bank account.

Conclusion

UAE health care and pharma industry is slowly unrolling, offering never-before opportunities for business to health care entrepreneurs and investors. Actually, if medical devices, medicines, and health care centers will be needed during the growing phase, then perhaps there isn’t such an unfavorable time to initiate your business in the industry.

Taxtube Consultancy offers door-to-door service — approval and license to the bank and visa — with an objective of making business setup and compliance easy.