Business in UAE has turned many expats into successful entrepreneurs. The investor-friendly regime has ensured that all the emirates are fertile for the growth and development of business.
Consequently, Dubai witnesses one of the top business destinations around the globe and many foreigners are starting businesses in UAE. With a focused and concerted effort, one can reap matchless benefits.
1. IT Solutions
Dubai Internet City (DIC) and Dubai Media City (DMC) were designed to encourage and establish the IT sector in Dubai. With the rise in demand for digitalization, there is a growing need for IT companies to provide digital solutions. Industries like hospitality, insurance, healthcare, banking, trading, logistics, etc., require IT companies to provide updated solutions.
Providing web-based (websites, e-commerce sites, content management systems, customer relationship management, etc.) and mobile-based solutions (native applications, social media integrations) for these industries is the need of the hour. Hence, starting an IT business in Dubai will yield profits.
2. E-commerce
During the pandemic, the consumers were quick to adapt to the online mode of browsing and buying. However, their shopping experience has changed. The trend of touching, wearing, feeling and perhaps tasting products before purchase has nearly halted. With the e-commerce giants dealing with thousands of vendors, large-scale logistics systems and occasional complications on the digital front, entrepreneurs with online business ideas can go for company registration in Dubai, which is the premier business hub in the Middle East region.
3. Food and Beverage (F&B)
One of the most popular businesses to start in Dubai is restaurants. Dubai is gaining recognition as a culinary destination, much like New York, Paris, and London. From Michelin-starred restaurants and chefs to cafes, food trucks, and concept dining, the city is continuously looking to bring in new offerings for its customers.
As per a recent report on F&B, Dubai ranked 4th globally for its attractiveness for investments in the industry. It also hosts the annual Gulfood Festival, the world’s largest F&B trade exhibition. The Dubai Food Festival – a citywide festival celebrating food, showcases, and highlights the city’s burgeoning food scene.
4. Logistics
With the shopping business picking up online, the need for arranging deliveries, simultaneously, also saw a rise. Therefore, the logistics business setup in Dubai is a fair entrepreneurial idea. Given Dubai’s seamless geographical connectivity with suppliers, this business could be simple and quite profitable this year. Furthermore, the ease of import and export supported by the local laws add to the timeliness of the entire logistical process. Thus, this could be one of the most profitable businesses in Dubai.
5. Consultancy Service
Those who have qualifications along with ample experience in a particular field can establish a business providing consultancy service. Make sure that you have all the approvals before setting up the company and starting business activities. Talk to us now, to have detailed info regarding various consultancy businesses in Dubai and the prerequisites for the same. Whether you have a degree in psychology or clinical nutrition or you are qualified to impart interpersonal skills or simply write college essays for applicants, now is the time to execute your business startup ideas in Dubai. However, note that even online ventures require company registration in Dubai. One important requirement to set up any consultancy in Dubai is that the owner of the company should have completed higher education in the same field. For instance, you have to have a professional media degree if you want to start your media business in Dubai.
6. Beauty Salon
Are you a qualified beautician? Or you have a taste in the field. Then, go for the beauty salon business. The firm can be started at a low investment. It could be expanded subsequently, as you grow.
7. Cleaning Services
One can form a cleaning company in Dubai without much complication. It could be residential, commercial or industrial cleaning service. Check out the infrastructure, investment and labour requirements. Select the one that is suitable for you. As an industrial cleaning business may necessitate heavy equipment, high manpower and a strong infrastructure.
8. Digital Marketing
Dubai is the business capital of the UAE. It offers opportunities for advertisers across global markets to set up their businesses here. Dubai has garnered attention from international as well as local organizations due to its low tax and pro-expats policies. The city offers a broad scope for advertising agencies – from TV, print media and billboards to digital media. TV advertising is still popular and the largest in the region. However, the digital market is showing an upward trend, with a growing demand for market research, market analysis, and marketing management. In addition, it’s the most aggressively growing business in UAE.
9. Bookkeeping and Accounting
Many international and local companies from various sectors such as infrastructure, logistics, construction, hospitality, and medicine are establishing their business in Dubai. As a result, businesses need help with accounts, bookkeeping, trade compliances and taxation. With booming trade comes the growing opportunity for accounting agencies to cater to their needs.
10. Real Estate
Real estate is a popular business market because it is investor-friendly and adopts open economic policies that facilitate foreign direct investments. The rise in business opportunities in Dubai has led to a rise in demand for real estate, whether it’s for the hospitality sector or for expatriates seeking homes to stay. Being tax-efficient, Dubai offers tax-free residential property purchases for UAE residents and no VAT for investors in residential property, making this one of the most in-demand businesses to start in Dubai.
11. Retail Business
Dubai, with its tourism, encourages the shopping and retail industry which ranges from affordable retail to luxury brands in lifestyle, food, apparel, electronics, and so much more. With free zones, bringing in a franchise of retail brands is also possible. Dubai has a tourism industry that attracts millions of visitors every year, and hence the economy supports retail businesses. There is always room for starting a retail business in Dubai.
12. Fashion and Beauty
Dubai is known for its glam and panache. The world’s leading fashion and beauty brands have set up their businesses in the Dubai market. Street shopping, online shops, pop-up shops, and traditional shops make shopping an experience for the consumers. Designing, tailoring, and fashion consulting are also gaining momentum.
Dubai provides the market and the resources for haute couture to home-grown brands and everything in between. Therefore, if you have innovative business ideas in the beatification sector, you can also make a name for your brand.
13. Technical Services
People, companies and organizations would require technicians, electricians, plumbers and other technical professionals for maintenance, repair or replacement of items. What they actually require is a person who would carry out the task without their supervision or interference. Your company can attain optimal growth if you provide a responsible handyman who is qualified, experienced, capable, and reliable.
14. Tourism Services
Dubai has been on the top of travel bucket-lists witnessing around 16 million tourists visiting the city for various reasons. In addition, the growing population has further diversified cultures and traditions in the Emirates. This includes business, recreation, and health. Even during the pandemic, the city was one of the first destinations to open-up for visitors after ensuring that all safety measures and protocols were followed. Thanks to the visionary leadership of Dubai, economic activities bounced back soon enough. In December 2020, the city saw tourists flock here to escape lockdown fatigue. The hotel occupancy rates in Dubai rose to 71% in December. Therefore, small travel business ideas offering niche services for visa processing and lifestyle management are viable.
It is natural that you will have several queries and apprehensions before starting your own business venture in UAE. We are just a click away!
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