Tue. Nov 5th, 2024

Are you planning to set up business in dubai? Or you are looking for a potential business opportunity? Dubai is a perfect place to start a business because the market is huge and the consumer has more buying power. Dubai due to its business-friendly policies attracts investors from all over the world. The business setup process is also very straight forward and in a few days, you can up and run your business. Even you don’t know the procedure, you can opt for business setup services to get started.

Why To Do Business in Dubai?

There are so many reasons that make dubai an ideal place to run a business. Firstly, the city is very well connected to the rest of the world due to its advanced infrastructure. Secondly, geolocation of dubai is very suitable for business as all bigger markets like Asian, African and the Middle East are nearby. Thirdly, the market is very big here because of people from different nationalities are living here and buying power of residents of dubai is also one of the best in the world. Fourthly, dubai air is also one of the busiest airports in the world so people can easily reach here. As you know emirates airline headquarters also here so it is a ideal place for business endeavors. Other than all these factors i think there are other major factors that you should put into consideration when you are thinking to set up a business here.

  • Lowest Corporate Taxes – Dubai has imposed the lowest corporate taxes on businesses as compared to other countries. This is definitely a vote for confidence for any business. No businessman wants to pay huge taxes on their profits. Low tax rates encourage people to do business here. Before business setup in dubai, you should inquire about the latest tax rates. Nowadays, the government changes tax laws from time to time so it is good to ask about the updated information.
  • Cost Of Living – It will surprise you, if you know that dubai is among one of the cheapest well-developed metropolis around the world. If we consider the business potential and cost of living here, this is heartwarming.
  • Government Policies – In dubai, you have life and business protection. The crime rate is almost close to nothing due to the excellent police department. Everyone becomes a law-abiding citizen once they start living in this city. The government is also improving its business infrastructure by upgrading the new rules and regulations. 

For the last few years industries like media, technology, advertising, real estate, tourism and finance have seen a great boom. If you start a business in dubai in any of the fields you have a good chance to make good money. SO here are some of the leading business opportunities you should try your luck with the least investment and good return on investment.

Ecommerce

There is a massive potential to invest in this sector because ecommerce industry is not well developed like in USA, UK and Canada. Even though amazon has already set its foot in the market by turning souq.com (middle east amazon) into amazon.ae. Amazon acquired the company in 2008 but just recently they even transfer the name from to souq to amazon. There are some other potential players like noon and namshi also doing a great job at this time. You can still start with a very targeted eCommerce store and make it big slowly. But like any other business, you also need a license to start a company here. According to the law, any activity with commercial intent needs a business license.

Education

Education is a profitable industry here like every other part of the world. Dubai diverse culture that consists of expats and various nationalities is a big market to target special schools. You need to get a license, acquire certifications and money to set up the infrastructure. If you don’t want to start a new school then you can buy a franchise of reputed school.

Real Estate

Real estate investments are one of the best opportunities that the city has to offer. Due to the presence of skyscrapers, artificial islands, expats, booming tourism industry, various commercial and residential projects are some of the main reasons that make real estate business stands out from the rest. Business Setup Services in Dubai is a very straight forward process and in a matter of a few days, you are good to go. Real estate development, brokerage, property management, and vacation rentals are some of the best options.

Final Thoughts

There are endless business opportunities in this amazing city and bigger profit margins are also achievable. Business setup in dubai is also a simple procedure that anyone with less knowledge can do it. But it is always better to consult with business setup companies to get updated information. Just follow the rules and regulations when setting and running the business, you are good to go.

 

Leave a Reply

Your email address will not be published. Required fields are marked *