Food Supplements Trading in Dubai is a flourishing and dynamic industry catering to the increasing demand for high-quality and innovative nutritional products. Trading involves distributing and selling diverse dietary supplements, vitamins, minerals, herbal extracts, sports nutrition products, and other nutritionally focused products.

With its strategic location and well-established infrastructure, Dubai makes an ideal hub for international food supplement trade. In addition, this business has tremendous potential due to the cosmopolitan population, health-conscious consumers, and increased emphasis on personal well-being.

4721.79 Food Supplements Trading

Food supplements trading with Meydan Free Zone is a business involved in the buying and selling food supplements. Food supplements, also known as dietary or nutritional supplements, contain vitamins, minerals, herbs, amino acids, or other dietary substances intended to supplement a person’s diet and provide additional nutrients.

Inclusions

With your food supplements trading license from the Meydan Free Zone, you can resell foods and supplements which are not classified as drugs and are intended to provide nutrients, such as foods for people suffering from certain diseases, also foods prepared from natural substances in such a way that they do not contain any artificial substances, flavours, or colours commonly added to canned or preserved food, it involves vitamins, minerals, fibre, fatty acids, or amino acids, honey, and herbal tonics, nourishing substitutes for athletes and diet recipes. The business may operate through physical stores, online platforms, or a combination.

Third-Party Approvals

Food Supplement trading activity does not require third-party approval. However, this business license is subject to Dubai Municipality rules and regulations.

AML

The UAE has implemented various measures to address the concern of global money laundering. In addition to financial institutions, Designated Non-Financial Businesses and Professions (DNFBPs) are obligated to comply with anti-money laundering (AML) laws and counter the financing of terrorism and illegal organizations. The trading of food supplements is not subject to AML regulations.

UAE AML laws and regulations prevent the country’s financial system from being exploited for illicit purposes like drug trafficking, terrorism financing, and corruption. DNFBPs in the UAE must adhere to the standards set by the Ministry of Economy, which aim to combat money laundering and terrorism financing. In addition, the Ministry has launched an awareness campaign to educate DNFBPs about their legal obligations and encourage compliance.

The electronic reporting system called goAML enhances the fight against money laundering. DNFBPs are required to use goAML to report any suspicious transactions to the relevant authorities. Existing licensees are registered on the goAML platform, while new licensees must fulfil the requirements after obtaining their license. Non-compliance with AML laws and regulations can lead to significant fines and penalties imposed by the Ministry of Economy.