The UAE presents a lucrative market for gifts and miscellaneous items. The country’s culture places a strong emphasis on hospitality and gift-giving, particularly during special occasions and holidays. With a diverse population and a thriving tourism industry, there is a consistent demand for a wide range of gift items.
Furthermore, the UAE’s growing middle class has increased disposable income, allowing consumers to spend more on gifts. Additionally, the country’s focus on luxury and premium products creates opportunities for high-end gift items.
However, success in this market requires a keen understanding of consumer preferences, cultural nuances, and the ability to curate a diverse product range. By offering unique and appealing gift options, businesses can tap into the lucrative gift-giving market in the UAE.
If you want to set up a Gifts and Miscellaneous Items Business in the UAE, these are the business activities you can choose:
4649.22 – Gifts trading
This involves the buying and selling of items presented as gifts for various occasions. It includes a wide range of products such as gift baskets, chocolates, flowers, stuffed animals, and personalised items. Wholesalers often cater to different occasions like birthdays, anniversaries, and holidays.
4649.36 – Wholesale of Cutting Tools Trading
This involves the buying and selling of tools used for cutting and shaping materials. It includes hand tools like knives, scissors, and chisels, as well as power tools like saws and drills. Wholesalers often cater to both DIY enthusiasts and professional tradespeople.
4649.40 – Wholesale of Frames, Photos and Portraits Trading
This involves the buying and selling of products related to framing and displaying visual content. It includes picture frames, photo albums, and ready-made portraits. Wholesalers often cater to both retail stores and consumers.
This class specifically excludes wholesale activities involving blank audio and video recording media, equipment used for radio and television broadcasting, and furniture designed for office environments.
Third-party Approval: These business activities do not require third-party approval.
Filing of Economic Substance Returns: This requirement does not apply to the business activities mentioned in this article.
Anti-Money Laundering Compliance: This requirement does not apply to the business activities mentioned in this article.
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