A business setup in Dubai can be a lucrative opportunity to make profits, grow internationally, and create a reputed brand name. At BCM Corporate Services LLC, we have years of experience nurturing businesses across all scales and industries for a hassle-free establishment in Dubai.
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business opportunities in Dubai. Dubai has sophisticated telecommunications and transport facilities for business opportunities in Dubai. and many reasons it serves as the storage and distribution hub of the Middle East. Today, Dubai is a worldwide, re-exporting goods from around the world too, neighboring markets like Iran, Kuwait, and Saudi Arabia, The business opportunities in Dubai also the countries of the Indian subcontinent and East Africa. The list of advantages that many multinational companies from around the world to move to Dubai:
Over the years, Dubai has become a destination for non-UAE nationals will to do business. To further expand business opportunities for international companies looking to operate in the region, Dubai offers the following list of business entities:
Limited Liability Company (LLC) is the most common type of business in the UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders is limited to their shares in the business’s capital. Fifty-one percent of participation by UAE nationals is the general requirement for the Limited Liability Companies. Therefore the normal shareholding pattern for an LLC will be 100%
Foreign investors, who are qualified, can set up company partnerships to carry out their professional practice activities in UAE. A civil company can only have a professional business and is 100% owned by the professional partners, whatever their nationalities. A civil company for engineering must have one partner is a UAE National, which owns no less than 100% of the business and must be an engineer of the same type as the business‘s activity. The civil companies require an area Service Agent if there’s no UAE-National partner within the business.
UAE Commercial Company Law allows foreign companies and corporations to open Branch/Representative offices to exercise their main activities in UAE. However, these offices are limited in the activities they conduct within the UAE. The difference between a representative office and a branch office is that a representative office is limited to gathering information,
soliciting orders and projects to be performed by the company‘s office and limited also in the number of employees they may sponsor. A representative office serves as an administrative and marketing unit for the foreign company. On the other hand, a branch office is a full-fledged business, permitted to perform contracts or conduct other activities as specified in its license
UAE Free Zones are designed according to specific business or different business industry categories and offer licenses to companies. The investor has complete ownership of the business and there is No local sponsorship or staff recruitment essentials are imposed in free zones.
Imported raw materials and equipment are exempt from customs duty and exports are free of any levies in free zones. But each free zone is managed by a separate Independent Free Zone Authority, and this authority is responsible for issuing business permits and licenses, employee visas, and regulating the business requirements. Each Free zone has its own rules and regulations and the provisions to Commercial Companies Law do not apply to Free Zones.
The offshore is the most modern popular way of managing the business in Uae as they offer excellent and tax-efficient strategies for entrepreneurs. The most important benefits are freedom of operations, confidentiality, and ease of running a business. As a tax-free country for business territory, UAE is one of the well- known jurisdictions in the world for incorporating offshore companies.
Dubai is an international business with a wide range of opportunities for different activities and operations. Dubai is continuing development into one of the world‘s major economic and business hubs, which makes it a great place for doing business. With the increasing numbers of foreigners coming to Dubai, The markets and opportunities are constantly emerging
Here is the list of top 20 business opportunities in Dubai in 2021:
1. E-Commerce
The E-commerce business has grown rapidly during the pandemic. The process of ordering products with one click has turned out to be attention-grabbing. Be it any product, starting from cosmetics to heavy goods- an entrepreneur can start an e-commerce business and grab over the regional, national and international market. In the case of Dubai, the e-commerce market is as lucrative as any other market. Research shows that around 91.9% of the population in Dubai has access to the internet. And with the number of online businesses growing, big e-commerce giants are operating offshore accounts in Dubai.
The requirements to start an online business in Dubai are:
A Valid eCommerce license is required
A bank account is mandatory
An E-commerce website
The Banking and payment gateway
2. Digital Marketing
Website development or digital marketing is such a business that can be started online with a minimum investment. One of the reasons for starting an online business is to perform online and remotely. In Dubai, the pattern is much the same with the digital marketing industry seeing annual growth of anywhere between 25% and 40% according to estimates. A lot of startups looking for both marketing and advertising options in online and offline mode.
Here are the requirements to open a marketing and advertising agency:
To Educate Yourself
A Competitor Research is required
A Business Plan has to be made
A Portfolio has to be created
Should be present on Social Media
3. Event Management Company
Another growing business that an investor can focus on is to start an event-based company. It is also found that the emirate’s event management industry is understandably booming. As Dubai is a beautiful city, a lot of visitors prefer to choose Dubai as their perfect wedding destination. It also serves as a perfect ground for international business meetings. Many private events like engagements, baby showers, etc. can also come under the scope of an event management company.
The requirements to open an event management company are:
A Trade name approval is needed
Initial Approval from DED is required
For specific event locations like beaches or parks, the person might need approval from DTCM / Dubai Municipality (DM) as well Dubai Police.
4. Tourism
The tourism business is perfect to set up business in Dubai. From the Dubai shopping festival that happens every year to the markets of gold and international fashion, Dubai is a fashion destination for people who are in love with fashion. Tourists love the beaches of Dubai and its jazzy Nightlife. a person may also run a travel agency in Dubai to assist travelers with all the formalities like visas, cruise boats, and hospitality.
The requirements to set up a tourism business in Dubai are:
It is required to choose the type of travel agency license for the business.
All legal documents are required.
All the special conditions have to be met.
Submit the application and pay fees.
5. Restaurant Business
Another profitable business in Dubai is the restaurant business. The lively city is presently home to the second-highest number of restaurants per million residents, and these eateries are making good bank.
The requirements to set up a restaurant business in Dubai are:
A business plan is required
A restaurant license is needed
A food license from the Food Safety Department is required
Application for Food code is needed
6. Health and Wellbeing
Dubai is the hub of medicine and healthcare innovation as they have relevant, customized segments in the medicinal field. From the past years, it is seen that the healthcare industry in Dubai has grown rapidly and has attracted numerous international companies to collaborate with them.
The requirements to set up a health and wellbeing industry in Dubai are:
Approvals from the Juvenile and Sports Welfare Authority is needed
Health Department Approval
The Emirates Bodybuilding and Weightlifting Committee
Apart from these, someone must be older than 21 years old to apply for a gym license in Dubai. The person must also submit a partnership memorandum and a signed lease to the designated authorities.
7. Business Consultancy Firm
Dubai is one of the growing cities when it comes to the business establishment process. As compared to the past decade, there has been tremendous growth in the number of entities incorporated. Professionals or experts who hold a business mind can incorporate a business consultancy firm to grab the international market at ease.
8. Construction
The construction business has taken tremendous growth in Dubai over the past few years. A businessman will definitely get a profit if he wants to set up a business in Dubai. New buildings and skyscrapers are grabbing the market every new day in Dubai, which opens a massive opportunity for engineers and other professionals in the building and construction sector to work.
9. Jewelry Business
Dubai is the gold destination in the world. It is the leader of the UAE jewelry market as tourists find it cheaper. It is found that Dubai exports its jewelry to 200 countries across the globe.
The requirements to open a jewelry business are:
A right jurisdiction has to be set up.
DMCC Licensing Process needs to be done
DED Licensing Process has to be made
10. Online Education
Nowadays, online education is not limited to the four walls of a room. Instead, anyone can set up an online education business in Dubai as a perfect gateway to start their business.
11. Cakeshop
This requires minimum capital and more expertise skills in baking. If someone loves baking then that person may have the necessary academic qualifications, the opening of a bakery business is a great idea. The person may even take up a franchise. New Year’s parties or birthday parties or anniversaries, if someone loves baking then it is a fantastic idea to start a business.
12. Property Management
As Dubai is the richest city in the world in terms of the people living there, so people mainly invest in real estate and need the help of property management firms to take care of their properties so that they are in proper maintaining in the long term.
13. Day-care Centre
There are some working parents who do not get time to look after their children. In that case, the day-care centers are there where nurses take care of the babies or children when their parents are out. They take utmost care of the children and this is another great business that can be set up in Dubai.
14. Telecommunications
Telecommunication is a Dubai Government initiative in the Free Zones to enhance the telecommunication companies. For this prior knowledge is a must.
15. Nightclubs
Can’t deny the fact that Dubai has a dazzling nightlife scene. After a long week’s work, everyone comes to relax and unwind at famous nightclubs in Dubai. But it is necessary to have licenses to kick-start the nightclub business.
16. Salon and Spa
A salon and Spa place for complete relaxation. For starting a spa and salon business, a SPA license needs to be obtained from Dubai’s authorities. This will act as legal validation to proceed.
17. Gadget Repair
This is another type of business that is highly in demand. Mobile phones, laptops, and tablets are some of the fragile devices that we need in our everyday life today. Therefore, the maintenance of this equipment is essential, so, opening a gadget repair shop can benefit a person to deliver the services accordingly.
18. Online Florist
There is no season for gifting flowers. So it is also another attractive business that can be started in Dubai. Sometimes, in any kind of celebration or occasion, the flower business is a highly demanding business to count upon. To start a flower business in Dubai, a person can consider any of the business structures in Dubai and proceed accordingly after obtaining the respective approvals from the government authorities.
19. Cleaning and Laundry Services
The cleaning business in Dubai is in huge demand especially nowadays when new business setups are starting everywhere. Depending on the preferred model, a person can have their own team of cleaners and set up a cleaning agency.
The requirements to set up a cleaning agency are :
Choose a business activity.
Select the corporate entity for your business which will be either a Sole Proprietorship, a Civil Company, or a Limited Liability Company
Business name approval for one of the 3 name options has to be submitted.
Initial Approval is required.
20. Transportation and Logistics
It is a good idea to start a transportation company in Dubai. This business can yield an impressive return for a passionate entrepreneur. The opportunities range from inter-city transport services to local taxi services. The country’s economy is expected to grow in recent times, so there is a high chance that this will directly impact critical sectors such as transportation.
We at BCM Corporate services LLC, extend our quality services to our client with good experience & qualified Business consultants with rich expertise in Business Management services in order that client’s requirements of business setup in Dubai can be completed on time with satisfactory Results outcome. Please be happy to succeed in us for your Business setup requirements on our email id: info@branches.ae or call us on +971502585921