Dubai in UAE offers countless opportunities to people who want to start business and entrepreneurship. The investor-friendly environment ensures the growth and development of companies. It is also one of the top business destinations globally, inviting thousands of foreign investors every year. However, you may often have the money to invest but fail to identify the right business opportunity.
This post will discuss the top business ideas to start in Dubai (UAE). You can choose the one that suits your business skills and are the most profitable business in Dubai.
- E-Commerce, Web and App Solutions
E-Commerce, Web and App development solutions are among the best among Dubai's most successful business modules. Comparatively, an e-commerce and web solution company require a much lower investment than most of the other business fields in Dubai. Moreover, due to the rising demand for online services, E-commerce, web and app development solutions have witnessed exponential growth, especially post COVID-19 pandemic.
- Real Estate Agency
Real estate is another very lucrative field for business in Dubai. The increasing number of immigrants with and without family creates more opportunities in the real estate sphere. When a company or investor plans to start a business setup in Dubai, it requires real estate services in commercial, residential, and industrial fields.
- Consultancy Service
This is a broad field. You can start a consultancy in various sectors, from finance, accounting, human resources, legal, career-making, education, project management, real estate, design, etc. People with adequate qualifications and good experience in a particular field can start a consultancy business service. However, you will require several approvals, submissions and legal documentation before forming the company and starting business activities. You can take the help of a professional business set up consultant for the same.
- Restaurant Business
Food is a necessity, so the more people the city has, the more will be the requirement for food. Therefore, Dubai's restaurants and food sector are uninterruptedly flourishing. Since it is a melting point of people from various countries, you will find a market for all types of food here. You will only need to make sure about the quality of your food and the service you provide.
- Cleaning Services
Cleaning service is also directly linked to the growing population in the city. People want a good cleaning service. So, a cleaning company in Dubai can do good business without any doubt. You can include residential, commercial or industrial cleaning services. Choose your sector as per your investment capacity.
How to Start a Business In Dubai?
Starting a business in Dubai is very easy if you know the legal formalities. And if you find the process complex, you always have the option to hire a professional business setup consultant to assist you. In addition, the investor-friendly policies in the country have made Dubai and other emirates of UAE the most preferred destination for business for both locals and expatriates.
The Process for Company Formation in Dubai:
- Determine your business activity
- Choose the jurisdiction: Mainland or Free Zone.
- Register your trading name, no duplicate names
- Obtain initial approval for company formation
- Get all necessary approvals depending on your business type and activities.
- Submit your application and required documents to the Department of Economic Development (DED) for a Dubai Mainland company. Or to the relevant authority in your free zone for free zone company.
- Receive business license in Dubai
- Start your business operations.
The above process may look complicated if you are new in Dubai (UAE). But, you need not worry. You can consult a professional business setup consultant or company formation agency to help you accomplish the process. Many companies deal in company registration, company formation, trade licencing, business setup, and office rent services in Dubai. You can approach them for easy and smooth assistance.
