Looking to start an automotive company in dubai that can even withstand the economic downturn if a country witnesses one? Some companies are not susceptible to any misfortune that might hit the country. An automotive business seems to serve you well even when there is an economic crisis in a country.
Therefore, if you want to open such a business model in Dubai, the automotive industry may be what you need. However, to start a successful automotive business in Dubai, there are some laid down procedures you’ll be compelled to follow.
Thus, here are the six proven steps on how to start an automotive company in Dubai like a pro;
- Determine the type of auto shop you are going to open
- Craft a detailed automotive business plan
- Select the location of your business
- Apply for a trading license
- Recruit the right employees for the business
- Structure a marketing plan for the business
Similarly, cars are essential to human life. They offer the quickest mode of transport locally and are readily available. In Dubai, nearly half of the UAE nationals own a car. This even makes it better to launch an automotive business in Dubai soonest.
As an investor, there is no better place to start an automotive business if not in Dubai. The automotive industry comes in different genres you might want to choose from. Therefore, irrespective of the types of automotive business you desire to start, the UAE is the country to run to.
Generally, the UAE is deemed the world’s largest business hub. Investors from different nationalities are touring and investing in Dubai. You may ask why investors are looking forward to supporting Dubai, right?
Most business investors wish to conduct their business in a productive environment that gives more room for the business opportunity. Additionally, the stable economy in the UAE makes it easy to start any business in Dubai, including the automotive industry. Similarly, Dubai has advanced infrastructure that favors any business setup in Dubai.
Therefore, there’s no better time to start an automotive business in Dubai if not now. If that is you searching to find ways how to open an automotive industry in the UAE, we got you covered.
We’ve compiled detailed steps you should know when starting an automotive business in Dubai in this article.
Let’s get started;
How to Start an Automotive Company in Dubai
Determine the type of auto shop you are going to open
Determining the kind of automotive business to start in Dubai is one of the most critical steps. There are several types of auto businesses you can begin. Nonetheless, selecting a specific kind of business to venture into is always recommended, unlike being a jack of all traders.
Therefore, the following are some of the auto businesses you can pursue in Dubai;
Transmission shops entirely deal with vehicle transmission, as the name suggests. This is one of the auto businesses you may want to open in the UAE. Thus, the business activities included in this genre are vehicle repair, maintenance, and transmission service.
Experts in this field majorly do transmission services. So, before opening a transmission shop, ensure you have the skills to execute vehicle transmission services in Dubai.
Body shops are so prevalent in Dubai. Several investors have opened body shops as an automotive business in the UAE. Typically, this business conducts auto services such as substituting damaged body panels after accidents and fixing dents and scratches.
Tire Repair and Retail Shops
Having a car will automatically drive you to buy or replace another tire. And so, opening a tire and retail shop might be a productive auto business since everybody owning a car will want to repair one at one point.
Apart from the types as mentioned earlier of auto business you can plunge into, Start an Automotive Company in Dubai there are other services you can offer such as brake services and glass repair, among others.
Once you’ve determined the type of automotive business to dive in, it is high time you move to the next step.
Craft a detailed automotive business plan
A business plan is a must-have document every business investor should prioritize when setting up a business in Dubai. A business plan will give you the road map of your business but helps you garner a lot of items within your business setup.
Therefore, when crafting a business plan, you must include the following items;
- Who are your target customers?
- What are your business activities?
- Who are your competitors?
- How will you finance your business?
- How will your business run?
You should note crafting a business plan is not a no-brainer. In this case, you may want the help of a professional business consultant to walk you through what to omit or include in your business plan.
Thus, we at Vigor Business Set up Company Formation in Dubai to assist investors in setting up their business in Dubai without inconvenience. You will find a professional consultant who will assist you in crafting a stunning business plan for your automotive business and other types of business you might plan to start in the UAE.
Select the location of your business
Where your business will be located in another appropriate step to consider, usually, the UAE offers different zones for business setup, including the Dubai Mainland and the Free Zone.
So, depending on your business activities, you can either establish your business in Dubai Mainland or Free Zone. However, it is recommended to seek expert advice from consultants in Dubai on the rules and regulations needed in each zone.
Setting your automotive business in Dubai Mainland will accord you the freedom to collaborate with other investors in your field, unlike when you’re in a Free zone. Nonetheless, Free Zone comes with its benefits as well. Take time to familiarize yourself with all the legalities needed in each area before starting your automotive business in Dubai.
Once you have selected your business location, let your auto business be recognized in the UAE by moving to the next step.
Apply for a trading license
A license is a document that permits you to conduct business activities in Dubai or any state you are opening your business.
Therefore, to start an automotive business in Dubai, you must apply for a professional automotive trading license through Dubai’s Department of Economic Development. DED is the body responsible for license assurance in automotive company in dubai. Similarly, you’ll be compelled to submit your trade name to be approved before fully launching your auto business. Stick to the trade naming convention, such as using simple words and freeing from naming copyright issues.
Obtaining a professional automotive trading license gives you the mandate to conduct your business activities freely in Dubai. By so doing, you’ll be free to jump into the following steps to accelerate your business success;
- Recruiting the right employees for the business
- Structuring a marketing plan for the business
Opening an automotive business in Dubai right now is one of the prudent decisions you’d have made. The automotive industry is in demand and will never plummet because of the massive number of people owning vehicles in Dubai. These cars will need repairs or services, where your business will be beneficial to the UAE residents.
Start your business today and get everything sorted with the help of Vigor business set up in Dubai. Reach out for more business ideas as well.