WHERE AND HOW TO MAKE A BUSINESS INVESTMENT IN DUBAI?
Uncategorized Mar 24, 2020
There is minimal taxation, so Dubai is a fitting place for new and developing businesses.
Liberal business policies of the government are encouraging outsiders to invest here. The procedure for setting a business has become hassle-free, and various perks are granted to traders, which is a win-win.
Below are some of the most profit-generating business investments out here:-
1. Beauty Industry
Be it any place in the world; women love to look gorgeous and well-groomed. The relationship between ladies and beauty salons have always been like bees to honey. Starting a business of related products and services in Dubai will attract both native and ex-pat women. Not to forget tourists. From the investment point of view, it is one of the highly profitable ventures.
Many ex-pats have permanently made Dubai a home. Parents always want to provide quality education to their kids. You can open an institution there as it is a well-playing investment. Option for buying a franchise is also available.
Another fruitful educational investment opportunity is opening a specialty school like hair and make-up academy, cookery classes, etc.
The massive range of flavors has turned people into foodies. The residents of Dubai have a strong purchasing potential, and they spend a significant amount every month dining out. Also, as it is a popular tourist destination, investing in the food business in such a land won’t be a bad idea.
Make sure the location of your cafe or restaurant should be appropriate, and your food should be worth trying. Then nobody can stop you from raking in moolah.
4. Financial services
Several companies, both large and small, are operating in Dubai. There’s always a demand for accountants, book-keepers, and auditors to manage monetary ongoings. Those with substantial experience in any of the specialties, as mentioned earlier, can run a lucrative business here.
5. Jewelry making and designing
Dubai has an enormous scope of money-making when it comes to jewelry. It has a treasure trove of gold and precious gems. Natives, ex-pats, or tourists, all love exclusive designs when buying jewelry.
If you can deliver what they desire, then you’ll have the edge over competitors. The demand for gold and its by-products will never go out of fashion.
6. Cleaning/Household Help Services Agencies
A large chunk of the Dubai population is employed. Lack of time in their schedules can be a boon for you. If you set up a household help agency, pretty soon, your business will be a success.
People here opt for hiring maids through a professional service. As busy ex-pats keep settling here frequently, you can gain tremendously from this kind of business investment in Dubai.
7. Child Care Facility
Working professionals are in large number in Dubai, out of which a majority has young kids. Childcare centers are a blessing for those families where both the parents are unable to look after their children due to their work commitments. No parent can overlook a safe, caring, and stimulating daycare. This is a business idea worth considering.
8. Taxi/Cab Service Agencies
Dubai receives a flood of visitors every year. They need vehicles to commute from one place to another.
Ladies need ample space to keep their shopped goods. The bus service is fine; however, people prefer cabs more. So, opening a taxi service here is quite rewarding.
Before starting a business in Dubai, one thing should be clear in mind. Always abide by the regulations.
Also remember, you have a choice whether to do a Freezone business or to have a local as a partner.
HOW TO START A BUSINESS IN DUBAI?
Here are some steps which will help you out:-
- Research and check out the workability of your desired business
- Make a business plan
- Seek out a professional advisor to help you in investing according to the laws of Dubai
- Set aside a hefty amount to put in your undertaking
- Look for Freezone areas first, as you’ll have 100% ownership
- Get your business registered (A business Consultant Firm will be of great help here)
- Go all out for promotion. Make use of all channels for advertising.
Remember: Refrain from unlawful practices. What might work in your country, doesn’t work here.