The retail of pharmaceutical and medical goods or pharmaceutical trading in retail refers to the sale and distribution of various products related to healthcare and medicine. This includes prescription medications, over-the-counter drugs, medical devices, equipment, and other healthcare products.
As a retailer in this niche, you can include standalone pharmacies, pharmacy chains, hospitals with in-house pharmacies, online pharmacies, and specialized medical supply stores. These retailers acquire the products from pharmaceutical manufacturers, distributors, and wholesalers and make them available to the general public, healthcare professionals, and institutions.
4772.00 – Retail Sale of Pharmaceutical and Medical Goods
Apply for a business license under Retail Sale of Other Goods in Specialized Stores and choose business activity Retail Sale of Pharmaceuticals or Retail Sale of Pharmaceutical and medical goods with activity code 4772.00
With the Retail sale of pharmaceutical and medical goods license from Meydan Free Zone, you can conduct the retail sale of pharmaceuticals, retail sale of medical and orthopaedic goods, and retail sale of perfumery and cosmetic articles.
The Retail Sale of Pharmaceutical and Medical Goods with Meydan Free Zone allows you to engage in the retail sale of pharmaceuticals, medical and orthopedic goods. You can use your license in the following ways.
With this license, you can establish a pharmacy or a retail outlet that sells prescription and over-the-counter medications. In addition, you can provide a wide range of pharmaceutical products, including prescription drugs, generic medicines, vitamins, and health supplements. This license enables you to cater to the healthcare needs of the general public and offer essential medications.
The license allows you to sell various medical and orthopedic products, such as medical equipment, devices, instruments, mobility aids, braces, prosthetics, and orthotics. This could include wheelchairs, crutches, blood pressure monitors, nebulizers, diabetic supplies, and more. You can operate specialized retail stores or online platforms or both to provide these goods to consumers.
Third-Party Approvals: Post License
As a retailer of pharmaceuticals or medical goods, you must obtain approval from the Dubai Health Authority (DHA), which regulates the sale of pharmaceutical and medical products in Dubai. You must also comply with strict regulations and standards to ensure your products are safe, effective, and high-quality. Inspection of the facility by the Drug Control Department in Dubai is also required.
Retail of Pharmaceutical and Medical Goods businesses do not have to comply with regulatory requirements like Ultimate Beneficial Ownership (UBO) or Economic Substance Regulations (ESR).
Anti-Money Laundering (AML) regulations do not apply to retailers of pharmaceuticals and medical goods.
If you would like to sell pharmaceuticals on a wholesale basis, Meydan Free Zone also offers premium licenses to start a Wholesale of Pharmaceutical and Medical Goods Business in Dubai.