Since its formation in 1971, the United Arab Emirates has been continuously growing in every possible direction and aspect ranging from jobs to tourism, business incorporation. Foreign investors, industrialists or highly experienced business professionals want to settle down in the Emirates for several reasons including its attractive lifestyle and lucrative earning opportunities.
The tourism industry in the UAE has been in the ascending for some time now. Dubai alone saw around 15 million overnight visitors in the year 2016, up 5% on the previous year. With Expo 2020 on the horizon, this figure is expected to reach 20 million by the end of the year 2019.
Travel and Tourism Business – Dubai Expo 2020
Dubai is synonymous for superior tourism, exceptional hospitality, and retail offerings. The Dubai Expo 2020 will help the world see how much more we have to offer. The Expo is intended to be one of the top spectacular shows on earth, bringing together a worldwide audience of 25 million from more than 180 nations across the globe. The Dubai Expo spread across a 438-hectare site will offer visitors and travellers a golden opportunity to merge with the worldwide cultures, a glimpse of spectacular architecture, exploring inspiring exhibitions and enjoy gourmet cuisine from multiple corners of the world.
As you already know, the 2020 Expo will be held for six months and will open new doors for creativity, best trade practices, mutual aid, and most prominently market growth. The tourism industry is expected to see a phenomenal impact along with other industries like real estate, hospitality, transport, and banking.
Dubai is called the prime tourist destination attracting 10 million visitors per year with its stunning architecture, unbeaten infrastructure amenities and excellent cultural and heritage sites. With the arrival of World Expo 2020, several tourists are anticipated to rise by 25 to 30 million. The Expo will give growth to the launch of world-class leisure, hospitality, and entertainment establishments. The Department of Tourism and Commerce Marketing has already started working in alliance with many of its tourism partners in the government and private sectors to improve the infrastructure. Visitors from all over the world over can expect to experience fabulous service excellence in the hospitality industry.
Procedure to Set up a Travel and Tourism Company in Dubai
If you want to open a travel business in the UAE and want to know more about business incorporation, then here are some tips and guidelines to help you set up a travel and tourism company in Dubai.
- The first step is to apply for an appropriate tourism license so that you can begin legally operating your services. You can use for any of the mentioned types of permits –
- Travel agency license
- Inbound travel operator activity license
- Outbound travel operator activity license
- Next step is to choose a company name which is different from the name of any established businesses in Dubai
- The next step is to register your business by filling the application form and submitting the required documents
- Pay fees and get the Certificate of Business Incorporation and Business License
Expo 2020 is a fresh new breath in the tourism sector will encourage the economic development of Dubai and will help the tourism sector of the UAE to gain a firm grip on the worldwide platform. This will ultimately lead to bringing in extreme business and generation of return and profit in every industry vertical.
Starting a business in Dubai is a useful thing to do but requires considerable effort, focus, and dedication. You can take help of Business Setup Worldwide than doing all of the tasks alone as when there is someone to guide you and help you tick-off things from your checklist. Contact us today to know more.