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How to Setup Business in Dubai? & Best
Home Based Business Opportunities in Dubai
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Are you planning to start a business in Dubai, doing
an exhibition? Or looking for new business opportunities in Dubai?
Then I urge you to read every single word in this page.
Business is the main focus of Dubai economy. Often, the
government is encouraging and creating new business opportunities in
Dubai. However, Dubai business set-up is not easy.
You MUST
know each and every step of setting up a business in Dubai, unless
you get a professional company to do this for you. Don't worry. I
will show you how to set-up a business in Dubai. Also you can fill
the form at the bottom of this page to get the best business set-up
company in Dubai to do all tasks for you (more info at the bottom).
Common requirements to start a Dubai business
Every business in Dubai needs a “sponsor” except if you want
to open a business in a freezone in Dubai. Usually, to open a
business in a Dubai freezone requires a big capital. It is not a
place for small businesses. The sponsor MUST be a UAE national. A
strong sponsor with lot of contacts and influence can be very useful
for the business to start and run. Why? You will see many reasons
throughout this page.
You have to pay an ongoing fee to the
sponsor. There is a big chance that the sponsor may demand a
percentage of the profit in addition to the fee.
Once you
have acquired a sponsor, you have to register your business and
obtain the Trade License. There are different rules for different
business types.
For an example, there are specific hygiene
related rules to start and run a restaurant. It is not very easy to
register a business in Dubai. You may have to seek your sponsor’s
help to get your business registered. Language is a major barrier
when dealing with government employees. Otherwise there is a big
chance that the application will be rejected.
Operating a
business in Dubai
Arabic is the common language used in
all government offices. Therefore every company has to have an
Arabic speaking employee or higher someone temporary to deal with
government institutions for various business matters. This is a
MUST.
The other important thing is the working visa for
employees. This is not easy and your sponsor’s influence is very
important in this matter. If you are planning to run a large-scale
business then you have to maintain a percentage of UAE employees.
Remember, you have to pay more than double to UAE nationals.
There is no tax in Dubai. However, there are different fees
depending on type of the business.
What are good Dubai
business opportunities?
Well, there are many. But a good
business opportunity in Dubai is always not the one bringing more
money.
It has to be easy to operate from government rules
perspective. Here is my review of good business opportunities in
Dubai.
Real Estate – I think there is still a market in this
booming business in Dubai. Dubai real estate investment is not yet
very popular internationally. So there is still a market. Travel
Packages – Emirates Airlines and few travel agents handle Most of
the travel packages. I think there is a market for a business that
is more focused on inbound tourists and travel packages.
Online Auctions – Not much available in Dubai.
Exports – Some food items like Dates are very cheap in
Dubai. Also used cars and jewellery are very cheap in Dubai.
Nightclubs – There is always a market in Dubai for
nightclubs.
Multi Level Marketing – Dubai has tough laws for
pyramid schemes. If you can get the government approval for a
genuine MLM then the sky is the limit.
Job agencies for
skilled labours – Almost all job agencies in Dubai are focusing on
jobs for professionals. This is a niche business opportunity in
Dubai.
Franchise businesses– This concept is new to Dubai
and I am sure there is a huge market for franchises.
Childcare business – One of the burning issues especially
young working couples in Dubai is lack of childcare facilities. This
is also a niche business opportunity in Dubai for someone who wants
to start a business in Dubai.
You cannot ignore banks when
talking about business. Visit Dubai banks page to read about major
banks in Dubai. Also visit major companies in Dubai page to read
about leading companies in Dubai.
The easiest way to
set-up a business in Dubai
The easiest way to start a
Dubai business is to get a professional consulting company to do all
tasks for you. In this way you can ensure that you are not wasting
your money. I managed to convince one of the best companies in Dubai
to evaluate requirements of visitors of this website and do
everything for you for a discounted price. |
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