HOW TO START A IN DUBAI
A presentation at Healthcare business setup in August 2024 in by Dubiz
HOW TO START A IN DUBAI
Being in the healthcare sector feels incredibly rewarding, doesn’t it? The sense of fulfilment and contentment that comes from knowing you are making a positive impact on someone’s life is profound. Whether you are a doctor improving lives directly or running a university that is shaping the doctors of tomorrow, contributing to society, either directly or indirectly, brings immense satisfaction and joy. Now, imagine having such a business in a city like Dubai. Dubai’s healthcare sector is out of this world. People from all over the globe come here specifically to access the latest healthcare facilities and technologies to treat various diseases. You can start a healthcare business in Dubai and open opportunities you never knew existed! In fact, there is a fully dedicated and renowned free zone in Dubai, known as Dubai Healthcare City (DHCC), where you can set up your healthcare business.
IS THE WORTH INVESTING IN? You might be working is it even worth to invest and start a healthcare business in Dubai. Let us tell you that the healthcare sector in UAE is witnessing extraordinary growth and revenue boost. According to Dubai Chamber, UAE healthcare revenue is expected to grow at a CAGR of 7.5% and reach whopping AED 39.4 billion ($10.7 billion) by 2025. Huge market promises huge profits!
TYPES OF 01 PRIVATE CLINIC AND HOSPITALS: 02 AMBULATORY CENTERS: 03 MEDICAL PUBLISHING: 04 HEALTHCARE COLLEGE/UNIVERSITIES: 05 PROFESSIONAL TRAINING SERVICES: 06 HEALTHCARE INVESTMENT MANAGEMENT COMPANY: 07 NON-PROFIT HEALTHCARE ORGANIZATION: 08 HEALTHCARE CONSULTANCY:
DOCUMENTS NEEDED FOR IN DUBAI: Here are the documents you will generally need to start a healthcare business in Dubai: Physical address details of business Passport copies for all shareholders and managers. Trade certificate or proof of reserved trade name. Articles of Association from the UAE Embassy. Lease or rental agreement. Initial approval or certificate for the business activity. Resume of the manager. Proof of owners’ finances and account balances. Power of attorney to appoint a business advisor. Notarized Memorandum of Association.
STEP 1 – DECIDE YOUR BUSINESS AND MAKE A PLAN: EASY STEPS TO STEP 2 – TRADE NAME RESERVATION: STEP 3 – SELECT LEGAL ENTITY: IN DUBAI: Now that we have explored the types of healthcare businesses in Dubai and paperwork needed, lets now talk about its process. Here are the steps that need to be followed to start a healthcare business in Dubai, such as a clinic or hospital, in Dubai smoothly: STEP 4 – INITIAL APPROVAL BY DED: STEP 5 – DHA APPROVAL AND LICENSING: STEP 6 – PREPARE THE DOCUMENTATION: STEP 7 – APPLY FOR TRADE LICENSE: STEP 8 – OPEN BANK ACCOUNT
HEALTHCARE CITY FREEZONE: Dubai is home to amazing free zones, including Dubai Healthcare City (DHCC), which specializes in the healthcare sector. You can start a healthcare business in Dubai in this freezone and unlock unlimited opportunities for yourself. The infrastructure, technology, and network here are outstanding. It hosts more than 4,000 healthcare professionals, 10 hospitals, 36 recreational facilities, and 168 clinical facilities. That is why it needs a separate mention. The benefits you can enjoy here are limitless: tax advantages, 100% ownership, top-notch facilities, and more. You can start your company as a free zone limited liability company, a branch of a UAE or foreign company, or a free zone establishment. Healthcare business activities in DHCC are extensive and include:
COST OF IN DUBAI: The cost of a healthcare business setup in Dubai typically includes: Cost of healthcare business license in Dubai is AED 13,500*. Initial approval cost: AED 235* Tradename registration fees: AED 735* Memorandum of association: AED 800* DHA inspection and registration fees: AED 9,000* The cost basically depends on your required facilities, location, and other factors. Our experts at Dubiz business setup can assist you with accurate costing. Reach out to them for more details.
GET YOUR WITH EASE! Starting a healthcare business in Dubai is not rocket science. With the right knowledge and assistance, you can obtain your required licenses smoothly. Given the many advantages of such a business in Dubai, your success will know no bounds. If you are still unsure how to proceed with the business setup, do not worry. Dubiz is here to guide you through it all.
Contact Us: +971 562986853 dubiz.co info@dubiz.co DUBIZ CONSULTANCY L.L.C, Office Number: 304; Business Bay, Citadel Tower, Dubai
