Manufacturing is the second largest economic sector in the UAE after the oil and gas industry. To be more specific, the textiles manufacturing industry plays one of the most important roles in Dubai and Abu Dhabi’s economies and it represents close to 10% of the country’s Gross Domestic Products.
Foreign and local investors interested in setting up a business in the textile manufacturing sector in Dubai have several of choices when it comes to the activities they can undertake. Considering Dubai is slowly becoming a capital of fashion at global level thanks to the number of wealthy individuals taking up residency here.
Our company formation advisors in Dubai can assist with the registration procedure of a textiles manufacturing company.
According to recent reports, the cloth sector in Dubai is quite developed and it comprises several branches which are performing quite well at this moment. Foreign and local enterprisers can set up the following types of businesses in the Dubai textiles industry:
Dubai companies can also undertake import-export activities related to the textiles sector, the luxury segment being one of the most profitable ones. Yarn businesses are also faring quite well in Dubai.
An entrepreneur can open a company for the manufacturing of cloths or a textile mill in Dubai or one of the free zones in the emirate. However, they must comply with the Office and Apparel Textiles in the UAE which imposes the regulations related to the manufacturing of such products. Certain import-export terms must also be complied with, among which obtaining an ISO certificate for the machines and the fabrics coming or exiting the country.
The UAE government supports the textiles industries through various policies.
For assistance in registering a business in the textiles manufacturing sector, please contact our company incorporation consultants in Dubai.