The UAE is a popular destination for business investors for stepping ahead and incorporating business entities. One of the key reasons for being a grounded destination is that it holds an investor-friendly environment. Another eye-catching factor of business setup in UAE is the tax regime that inspires business minds for proceeding further.
Profitable Business Ideas
The modern infrastructure, a huge corporation, support as well as the development of small businesses, makes Dubai an ideal place for starting any business. Today, company formation in Dubai has become an easy process and the reason behind that is the liberation of the rules. It is worth noting that in Dubai, business opportunities are open not only to the individuals of the UAE but to overseas entrepreneurs also.
It is worth noting that the business investors need to obtain an ecommerce license Dubai from relevant government authorities. In case you are an investor and looking forward to incorporating any business in Dubai, here is a list of sectors that offer the promising ROI.
The construction of skyscrapers as well as high-rise buildings in Dubai is still going on. With every day passing, new buildings with modern structures as well as designs are initiated. The huge doors are opportunities are open for construction firms, real estate developers, engineers, architects, and other professionals in the sector.
Dubai’s population is also growing and it is expected to multiply because ex-pats are pouring into the city. Therefore, being an investor, you could set up a real estate firm, manufacturing business, or sell materials needed for construction.
The handyman services business is growing immensely. The services are in high demand and people are looking for skilled workers as well as trusted agencies. You could start this business by offering individual services of the small jobs to clients who lack skills or time to do the work themselves. It is important to note that the handyman’s working area is diverse.
This includes plumbing, maintenance, repairs, and electrical jobs so that you could provide different kinds of services. For starting this, you need to create the plan, do good research on the marketing as well as a financial plan. Based on state laws, you need to register the business and get a freezone business setup in Dubai.
- .Job Agencies
UAE is a dream city for foreign job seekers. Every year number of ex-pats come in search of job opportunities. Due to the language barrier, the companies also face the problem of finding skillful as well as professional employees. You could open a job agency in Dubai that would connect the job seekers with companies using your channel. You could easily start a recruitment or job agency with a minimal investment. However, before opening a business, ensure you consider key aspects like licenses, location, etc.
- Financial Services
With several business opportunities, there is a huge demand for financial services, including accounting, auditing, and bookkeeping. In case you have knowledge in this area, you might gain part of the market share. Especially, in case you target start-ups and small businesses, you would not compete with large accounting firms.
It is worth noting that after the introduction of VAT in 2018, these services are desired even more. The businesses require help for making necessary calculations as well as accounting reports related to VAT. The best thing is that you don’t need much capital for bookkeeping business setup in UAE. However, you would need to get the license and necessary credentials for starting.
- Online Teaching
Universities as well as schools have been hit hard due to the pandemic. Classes across the world took the learning online. Some students have not even stepped into the normal classroom. Keeping the safety of everyone in mind, the UAE implemented distance learning.
From that time, almost 90% of schools implemented online learning. Now, online teaching is a big industry for getting in and it is easier to get started. All you require is qualifications, a good internet connection, and a laptop.
- Transportation/ Logistics
With a strategic location as well as world-class infrastructure, Dubai is a key location for logistic operations. This country serves as a prime point in the supply chain and the companies that could meet this requirement are in high demand. Moreover, transportation services including local taxi services and trans-city transport services are necessary for helping citizens and tourists for travelling the city. Experts could help in obtaining the necessary e-commerce license Dubai and approval for starting such kind of business.
- Business Consultancy Firm
Unlike numerous other areas across the world, Dubai has seen growth in retail business because of numerous factors. The list of such factors includes a solid economy, rise in population, increased standard of living, and a large number of foreign tourists. While considering this business opportunity, you would need to think about the kind of establishment you wish like a warehouse, sales office, or storefront.
One of the amazing facts about the people of UAE is that they love making celebrations on several occasions. The event could be anything such as religious celebration, success celebration, etc. Cakes as well as bakery items are surely the foremost things in any parties or celebrations.
In case you like baking and thinking of setting up a bakery then it could be a wonderful business idea to start in UAE. You could start the delivery services prior to starting a bakery. Even if you are a house maker, it could be of good potential.
- Advertising Agency
It is a tricky business venture. However, when you get the hold, it would fetch the profits for the long run. First, it is important to decide the kind of advertising agency you wish to start or services you plan to offer. For instance, in case you wish to be known for making crazy print adverts or viral videos, let one service be seen as the flagship for remaining.
Apart from these, another profitable business idea is cleaning services. During this pandemic, one thing that has ramped up is cleanliness as sanitation is quite important now. Businesses such as hotels and restaurants need to meet the new cleaning standards for making the customers feel safe. In case you could deliver this level of cleanliness and sanitation, consider consulting experts for cleaning company formation in Dubai.