Pharmacies and drug stores are integral components of Dubai’s thriving healthcare system. Spanning across the region, these dispensaries collaborate to safeguard the well-being of both residents and visitors alike.
If you’re considering entering this sector, it’s crucial to understand that this business falls under the jurisdiction of the Ministry of Health and Prevention (MOHAP), categorized as “Wholesale of other household goods.” Moreover, businesses holding this license must adhere to regulations set forth by the Dubai Municipality’s Department of Health and Public Safety.
Operating within this domain permits businesses to import, store, and distribute pharmaceuticals and medical supplies on either a wholesale or retail basis. The role of a drug store is paramount to the community’s health, ensuring essential medications are readily accessible to the public.
Key Details Breakdown:
Activity Code: 4649.99
Activity Name: Drug Store
DED Activity Code: 4649067
Activity Group: Medicines trading
License Type: Commercial
Third-party Approval: Required
Filing of Economic Substance Return: Not required
Anti-Money Laundering Compliance: Not required
Pre-License Third-Party Approval from MOHAP
Prior to establishing operations, securing pre-license approval from the Ministry of Health and Prevention (MOHAP) is mandatory. Approval is granted to entities demonstrating adherence to stringent quality and safety standards within the pharmaceutical and healthcare sectors.
Target Audience:
Dubai’s drug stores cater to a diverse clientele, including:
- Residents and visitors seeking medications and healthcare essentials.
- Healthcare professionals, such as doctors, relying on pharmacies for prescribed medications.
- Healthcare facilities, which depend on drug stores to maintain essential medical stock.
- The pharmaceutical industry, utilizing drug stores for product distribution and marketing.
This business activity serves as a cornerstone in Dubai’s healthcare infrastructure, playing a vital role in promoting the overall well-being of its populace.
Simplifying License Acquisition with Set Hub
Securing a trade license for a drug store or pharmacy can be a complex endeavor. Seeking guidance from business setup consultants, like SetHub, streamlines the process. Our expert assistance ensures a smoother journey, allowing you to concentrate on broader objectives.
The Future of Drug Stores in Dubai
The retail pharmacy market in Dubai is poised for robust growth between 2023 and 2027, driven by:
- Increasing incidences of chronic diseases.
- Supportive government policies promoting the healthcare sector.
- Emergence of retail pharmacies in public spaces.
- Adoption of lucrative marketing strategies by market players.
- Dubai’s drug stores hold immense potential, promising to remain pivotal in shaping the future landscape of healthcare.
