Dubai is investor friendly, and its cost of living is lower than in most major hubs of the world as London and New York. Businesses in Dubai have the chance to reach over one billion people either from neighboring countries in the Middle East, or simply Eastern Europe, Africa, and Asia.
The government’s policies, 0% personal and corporate tax and the advanced and brand-new infrastructures support the growth of all businesses. Therefore, business setup has become extremely easy that almost all the investors would consider the emirates as their next destination. So, if you are also wanting to examine your chances in this iconic city bear with us and review the below business ideas to starting a profitable investment in Dubai.
Like other countries of this region, The UAE name is tight with oil and gas industry. This sector has been the backbone of the country’s economy for several years. Despite being exploited for years, the oil industry still has enough room to welcome new investors. There are a vast number of international companies as well as small companies present on the UAE oil market. The industry of oil and gas has provided the United Arab Emirates with a sufficiently high level of per capita income, which is a tempting option for foreign investors.
Advertising
The marketing and advertising industry, especially in digital area, is becoming a booming business in this region. Due to huge rise in different business sectors, lots of companies are in search for marketing their products and services, either online or offline. As other business you have the option to open your advertising agency is mainland or enjoy a full ownership by setting up your business in Dubai free zone. if you want to establish company in Dubai mainland, you must have a local sponsor whose shares will be 51% in the company. Dubai Media City is a home to lots of foreign companies with operations in the media field.
Apparel
Imagine to be among one of the top tourist destinations of the world, so then it’s not difficult to guess hosting a fashion business would a promising investment with millions of customers from around the globe. In addition to that Dubai is a home to many fashionistas, some of which are great influencers, inspiring millions of followers and thus can make a major impact on your business if you are on right track of business set up. Therefore, starting your own apparel boutique seems to be perfect for a business mindset. You only need to decide on the niche and transform into a profitable venture.
Information Technology and Computer Related Businesses
Every one when it comes to business Dubai Government would provide full support and IT industry is not an exception with the government has been creating several plans to make Dubai as one of the smartest cities of the world in all aspects by 2020. These transformations have increased the demand for IT sector and IT professionals. As a foreign citizen you must keep in mind that setting up an onshore company you need to have a local sponsor who would own 51% of the company’s shares. On the other hand, a free zone company provides the flexibility of tax-free scenario, and full ownership. Free zone alternatives for an IT company could be either in Dubai Internet City, Dubai Techno Park, Dubai Media City, or Dubai Silicon Oasis.
Bookkeeping and Accounting
Can you name any business which doesn’t need “good-with-number” experts? Absolutely not. So, it’s easy to realize why accounting and book keeping consulting firms are among the most sought-after businesses to start and almost always in demand. Thanks to hosting many large-scale businesses, there is a respectively vast demand for professionals that offer financial services – such as accounting, bookkeeping, and auditing. The advantage of starting up such a business is that the set-up cost is minimal and also you can work virtually and broaden your target market. And once you got on the radar perfectly you can enjoy the consistency of the work that typically takes place on a regular schedule.
e-Commerce
Online shopping is no longer an abstract concept. This new way of business, has been adopted by consumers very well, all over the world. Considering the fact that internet penetration in the UAE is one of the highest in the world and growing number of online businesses, it would be advised to think about the e-commerce industry in Dubai. As mentioned earlier Licensing procedure for business setup is swift and easy, and businesses only need to choose which legal entity they want to start their online business in terms of the free zone or mainland. zero income tax, and negligible custom duties are among main benefits which make e-commerce business setup in Dubai a very lucrative business.
Foods and snacks trading
Food businesses thrive everywhere and at all times, and the UAE isn’t an exception. Dubai is a hub for people gathering from all over the world so ready to indulge in experiencing new things specially dishes and cuisines of other nations. That’s why the restaurant industry is currently booming in the UAE and has seen rapid growth over the last five years Therefore, starting a business in the food departments must be a tantalizing idea. Before you set out, determine your target population and the type of cuisine you want to cater.
Real Estate and Construction
The major recent developments in the “city of gold” almost make everyone to admire the construction and real estate sectors. If you are planning to take over one of the most established businesses in Dubai, then Real Estate is for you. As the country is hosting an increasing number of foreign investors and citizens the demand to buy or rent real estate making this industry a promising one. This also include properties management, real estate development and brokerage. Most proprietors also have no interest in searching for customers, hiring and collecting the values themselves, so hiring a real estate always ends up being the best option for them.
Transportation
Recently Dubai is being known as the leader of huge changes in the transportation industry and at the same time enjoying the most developed road infrastructures in the region and in the world. There are huge opportunities in the transport sector simply because of the high demand for the services. The region is also a growing tourist destination, therefore providing opportunities for tourist-based travel and transportation companies is there to be take into consideration. Before setting up your business in this sector, you would have to make a decision on what type of transport you aim to go into such as limousine service, trucks or taxi business, then the roads are for you to conquer!
