Recently, the UAE has seen a significant rise in the popularity of electronic cigarettes, along with their accessories, making this an incredibly lucrative market for future business. Let’s explore what’s driving this demand.
Health-conscious behaviours are increasing in popularity, with smokers turning to e-cigarettes as a potential alternative to traditional cigarettes. Along with this, a favourable regulatory environment facilitated by the UAE, with regulations that allow for a more conducive business environment around electronic cigarettes and their accessories, has created a market for electronic cigarettes.
The UAE’s cosmopolitan nature attracts people from various cultures and backgrounds, many of whom are familiar with and embrace e-cigarette technology. Additionally, the UAE’s thriving tourism sector has contributed to the growth of the e-cigarette market, as visitors often seek out unique products and experiences.
Entrepreneurs in this field must understand the wide variety of e-cigarettes available, including disposable devices, refillable tanks, and pod systems. Along with this, while the UAE has a relatively favourable regulatory environment, businesses must adhere to specific guidelines regarding product labelling, advertising, and sales to minors.
The electronic cigarettes and accessories trading industry in the UAE is a thriving sector with substantial growth potential. Entrepreneurs looking to thrive in this field can choose the following business activity under their business license.
4723.99 – Electronic Cigarettes & Accessories Trading
Electronic cigarettes and accessories trading involves the buying, selling, and distribution of electronic cigarettes (e-cigarettes) and related products. E-cigarettes are devices that come in various forms, including disposable, refillable tanks, and pod systems. The liquid that is heated and vapourised in e-cigarettes, typically containing nicotine, flavourings, and other ingredients, are called e-liquids. E-cigarettes also include coils, the heating element, and batteries as the power sources.
Electronic cigarette accessories include charging cables, carrying cases, and cleaning kits. Cases are available in a range of designs, styles, and features creating demand for personalised accessories.
Third-party Approval: Business activity 4723.99 is exempt from this requirement.
Filing of Economic Substance Return: Business activity 4723.99 is exempt from this requirement.
Anti-Money Laundering Compliance: Business activity 4723.99 is exempt from this requirement.
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