How to Set-up a Business in Dubai?
Best Home Based Business Opportunities in Dubai
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.
If you are an expat and looking for best home based business opportunities in Dubai to make an extra income then visit home business in Dubai 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.
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.
You have to pay an ongoing fee or percentage of the profit or both.
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.
You MUST Know the Following Before Setting up a business in Dubai
Knowledge of business rules in Dubai is the key here. It can save you thousands of dollars and valuable time.
Here are the key things you must understand.
- The type of business structure you need to set-up. Different laws apply to different type of business structures. This is a critical element of success or failure of your business.
- What are free zones and why you must consider setting up your business in a free zone?
- Minimum financial requirement for different business structures.
- How to find a local sponsor?
- The quickest way to set-up a business in Dubai.
You can find answers to all above questions in the Dubai Business Set-up guide.
This report provides everything you need to know about setting-up a business in Dubai. Especially if you are not in Dubai or new to Dubai then this guide is a MUST read.
Leading business set-up consultants have been contributed to the report. There are information in the report that they provide only to their paid customers.
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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.
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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