The United Arab Emirates is a grounded destination for business investors to step ahead and incorporate their business entities, as it holds an investor-friendly environment.
One of the eye-catching factors is the attractive tax regime that provokes the business minds to proceed forward. Today, setting up a company in Dubai has turned out to be an easy process as the government has liberated the rules.
The government authorities in Dubai takes relevant initiatives to process the documents systematically. However, on the flip side, it is a well-known fact that COVID-19 has disastrously hit the world, and Dubai also has faced similar fluctuations.
Nevertheless, the government has revived the economy backed by continuous medical support, and thus, it opens its arms for business investors once again.
Up next, you need to understand the feasible locations to start with. Are you wondering where to proceed ahead?
Well, let me tell you that Dubai has got different zones focused on dedicated business sectors. They are classified as:
It is also to be noted that a business investor needs to obtain a specific license for the relevant government authorities business activity.
Business Opportunities in Dubai
If you are an investor and is planning to incorporate a business in Dubai, here's a list of opportunities that you can consider:
It is visible that the e-commerce industry has grown exponentially during the pandemic scenario. The flexibility of ordering goods with one click has turned out to be attention-grabbing.
Be it cosmetic or any handmade items, today, any entrepreneur can quickly start an e-commerce business and capture the regional, national and international market.
Dubai is one of the most profounding grounds for budding entrepreneurs, and if you are looking forward, you can count on it.
2.Restaurant / Cloud Kitchen
Restaurant and even cloud kitchen is another booming industry that is high in demand. In addition, Dubai is termed as the tourist-magnet as it attracts international tourists extensively.
Chef or food lovers passionate about converting their passion into a profession can proceed with this as the ultimate option.
Are you a chef and planning to start your restaurant in Dubai? Well, then this is the perfect time for you to proceed ahead with.
Another growing business dimension that an investor can focus on is to start with an event-based company. The city's aura is beautiful, and thus, many visitors prefer to choose Dubai as their perfect wedding destination. It is also a perfect ground for international business meetings.
4.Health and Wellbeing
The healthcare sector is another focused business segment that allows individuals and business owners to invest in the segment.
Dubai is called the hub of medical and healthcare innovation as they have relevant, customized segments in the medicinal field. Over the years, the healthcare industry in Dubai has grown tremendously and has attracted numerous international companies to collaborate with.
Doctors, medical practitioners, public and private medical companies have the complete leverage to step in and expand or incorporate their business in Dubai.
The tourism industry was hit hard during the COVID-19 pandemic. As a result, the industry at a global level has faced huge losses, and thus, an alternative remedy to boost the segment is to tie up with the tech industry.
For now, the top destinations that cover Dubai's virtual tour includes:
- Burj Khalifa
- Al Fahidi
- Dubai Aquarium
- Dubai Creek
- Etihad Museum
- Alserkal Museum
- Saruq Al-Hadid Museum
- Bollywood Parksstart
The entire tourism can be connected through the online medium to help travellers experience high-definition views.
6.Website Development/ Digital Marketing
Website development or digital marketing is a sure shot to start a business online to proceed with a minimal investment. One of the feasible options for starting an online business is to perform online and remotely. Here's a guide on Virtual License Company in Dubai, which will help you understand the remote working and company setup process mechanism.
This is a tricky business venture, but once you get a hold of it, this business will fetch you profits for the long run. However, first, you need to decide the type of advertising agency you want to start or the services you intend to offer.
For example, if you want to be known for producing viral videos on YouTube or for crazy print adverts, let one of your services be seen as a flagship for the rest.
As stated earlier, Dubai holds a profitable ground for Website development and similar services; the information technology sector is booming.
Remote working has been continuously growing nowadays, yet, it is to be known that Dubai's government has been focusing on the sector for a long time.
Dubai Techno Park is a dedicated free zone developed to target the tech-based industries and boost the national and international market.
9.Business Consultancy Firm
Dubai is one of the growing grounds when it comes to business establishment proceedings. As compared to the last 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.
The continuous growth in the business entities in Dubai has successfully increased the demand for financial services. Dubai aims to become a Smart City, and thus, it focuses on blending the finance with tech department giving birth to the FinTech Industry.
Experts dealing in accounting, audit and bookkeeping segments can prefer to open their financial consultation in Dubai firm at ease.
New buildings and skyscrapers are erected every new day in Dubai, which opens a massive opportunity for engineers and other professionals in the building and constructions sector.
Dubai's plan for expansion in infrastructure due to upcoming events like Dubai Expo 2020 provides continuous traction for the growth.
Be it a commercial or residential purpose, the construction of buildings has exponentially grown in the Dubai Market.
If you have been dealing with the construction business, here's a guide on Cost-CuttingTips for Growing Construction Business.
To open a construction business, you need to gather specific licenses from the government authorities that can be easily obtained with the help of certified experts.
Every business organization needs people to perform business operations smoothly. Moreover, the continuous increase of the business entities in every domain requires specialized people, thus, increasing the demand for a recruitment agency.
HR Professionals who aim to open their recruitment firm can focus on the same, and proceed with Dubai, the heart of the UAE. Now, an agency can be opened online, provided you hire the right set of people to perform the task remotely.
It is just like general trading, but you save on having a physical office for this business. All you need is an inventory and delivery service.
You can also start trading on third party websites to grab a bigger market in less time. You can also build your website and promote it to get direct customers.
Dubai is also known as the 'Mecca of Gold', and 'Dubai Diamonds' always the most sought after by tourists and other nationals.
The country's retail jewellers cater to customers from over 180 nationalities, expatriates, and tourists. You can set up a shop either as a jewellery maker, bead maker or jewellery merchant.
Today, education is not limited to the four walls of a classroom. Instead, an expert can open a specialized school or educational institution in any corner of the world. Dubai is a perfect gateway to start with an online education business.
Another segment that the business investors can target is the speciality school. It is highly preferred to open a special school in Dubai as it is a land of collation. Moreover, international tourists come forward and settle in Dubai, paving out high-end opportunities for the business minds to take a step and start a special school for the differently-abled children.
There are many unexhausted opportunities in the Dubai transport sector. Starting a transportation company can yield an impressive return for a passionate entrepreneur. The opportunities range from trans-city transport services to local taxi services.
The country's economy is expected to grow in 2021, so there is a high chance that this will directly impact critical sectors such as transportation.
There are fewer security concerns in the UAE than in most developed countries, but individuals and businesses do not take a chance with their assets. Hence there has been a rise in demand for security personnel or guards in the country.
However, if you cannot afford to start this business, you can still make money in the security sector by selling security devices such as alarm systems and surveillance cameras.
If you have been looking for a franchise business, then Dubai is the best platform to proceed. Due to many ex-pats available, there is a higher chance of franchising the international business units.
Any business investor who plans to start a business franchise can select Dubai as the ultimate business ground. For example, the food-business chain highly prefers this as they can open numerous outlets in different zones.
Another profitable business in Dubai that you can think of to start ahead is the cleaning business service. This becomes a highly required option for the residential and commercial spaces available in Dubai.
Business units require daily cleaning services, and thus, they look forward to partner with agencies that provide cleaning businesses with high-end quality. If you need to start your cleaning company in Dubai, you must obtain a cleaning company license in Dubai.
This turns out to be one of the highly opted freelancing business moves in Dubai. The Emirate hs got a huge demand when it comes to the requirement of a day-care professional. So any business investor who holds a tight budget can proceed with the business idea to make the most of it.
Most business people dealing with the cleaning business provide numerous options like Indian, UK, Nepali professionals, etc., to provide a comfortable service to the day-care service seekers.
22.Freight and Cargo Business
Dubai has robust connectivity when it comes to connecting with other nations or areas connected nearby. In addition, a well-built road, land and air infrastructure turns the Emirate into one of the perfect locations for freight and cargo business.
If you have been looking forward to starting your freight or cargo business, this is the best platform to provide ahead with.
Years ago, Dubai was nothing but a desert. Whether you trust it or not, the UAE Government has taken remedial steps to convert the entire desert to one of the largest-visited cities in the world. Real estate plays a significant role in Dubai, and numerous construction companies seek defined real estate space to build up their projects.
Real estate company owners who already hold a business in any other corner of the world can proceed with Dubai by setting up a branch.
To know more about the same, have a look at Tips for Generating New Real Estate Business
Gifting flowers don't have any season. But, it turns out as one of the best gifts for any occasion or celebration, the flower business is an ever-demanding business that you can count on.
Dubai holds numerous gardens, and thus, starting an online flower business is what you can think of. To start a flower business in Dubai, you can consider any of the business structures in Dubai and proceed ahead accordingly after obtaining the respective approvals from the government authorities.
Most people come to Dubai either for a job or to start a new venture. Many of them are not aware of the legal formalities that shall be undertaken while registering the business. This is where documentation or attestation service comes into the picture, and it becomes also deemed as profitable in the UAE market.
If you have been working as a legal professional dealing with the clearance of document attestation, you can start your own business in Dubai today.
Today, technology has penetrated every business segment, paving out different business options for new and experienced business investors.
Webpreneur is a blend of Website and Entrepreneur that clearly defines that it deals with online ventures like mobile app development, online marketing, content agency, online PR firm etc. E-commerce and web development are interlinked. Growth in one sector will give rise to growth in another sector.
Dubai is a perfect ground for the B2B market, and thus, this becomes another opportunity for the business brokers to enter the playground.
From generating online clients to selling the business details, a business mind is good to go ahead by being an international business broker.
The business brokerage market itself is a niche segment, and if you think you can be a good business broker, then do take a call to start your brokerage firm in Dubai.
Compared to other household services like cooking and cleaning, the dry-cleaning services also turn out to be a perfect business investment platform to start with.
Mobile laundry services provide numerous benefits and flexibility to the business owners to step in and start the business. However, proper arrangements regarding Pick-Up and Delivery services are to be streamlined before you enter the playground.
Salon or Spa is seen as a ground of transformation and a way to complete relaxation. Business beauties who have been dealing with professional salon services or is planning to expand their existing salon business can take a call on the same.
While proceeding ahead, a SPA license needs to be obtained from Dubai's authotities, which will act as legal validation to proceed ahead. Here's all about the SPA License in Dubai that will help you to grab the details accordingly.
Another innovative business that is highly in demand is the gadget repair business. Mobile phones, laptops and tablets are one of the fragile devices that have controlled our lives today.
Maintenance of these equipment turns out to be of utmost importance, and thus, opening a gadget repair shop (online/offline) can benefit you to deliver your services accordingly.
Freelancing is a division that can make you earn higher profits even during these challenging times. The concept of freelancing lies in commercial assignments offered as projects backed by a defined sum of money and duration.
Every freelancer needs to obtain a freelancing license in UAE to get themselves as a registered freelancer.
The Global Textile Industry, particularly the Apparel Industry, has seen remarkable changes in the past few years. Tourists around the world flock to Dubai for tourism and shopping. It is famous for fashion apparel.
Hence setting up an apparel business in the city if you have good taste in clothes and are updated with the latest fashion, you are good to start this business.
33.Bakery / Cake Shop
Last but not least, a bakery or a cake shop turns out to be another profitable business that one can focus on. So if you are keen on baking cakes and want to start your cake boutique, Dubai is just the right place for you to get started.
By now, you have understood the various opportunities that Dubai holds for every business segment. To know which can be profitable, you can start researching the ones which interest you. However, remember that the success and the profitability of the business depend on how well you do it. If you do not input enough time and effort, you may end up losing it.
Do you have any queries?
We at Business Setup Worldwide can help you with starting any business in the UAE. Our business experts are well-versed with the business incorporation proceedings and can help you to establish your business entity in Dubai. To know more, contact us today- we'd be glad to assist you.