No doubts Dubai has become a hub for business opportunities across the globe. Several avid investors are eyeing Dubai to launch their business. You might ask why is Dubai a hot cake looked up to for business setup.
If you’ve never been to Dubai, there are lots of myths disseminating around, especially concerning how to start a business in the UAE and the exact amount of money one would need to start a successful business in Dubai.
In fact, the minimum investment to open a business in Dubai might range from AED 10,000 to 11, 900 AED, that’s for a Free Zone Company holding a trading license with no office room and zero Quota.
Similarly, entrepreneurs are allowed to run their business for one year upon obtaining a professional trading license in Dubai. Typically, you must have a professional trading license issued by the Department of Economic Development, which is responsible for licensing-related issues in the UAE.
You are consequently permitted to renew your trading license or upgrade to suit your current business stance. Apart from that, you are at liberty to select an office room that suitably suits your business budget. That means; Dubai gives room for all business investors plus aspiring entrepreneurs to explore their business potential without worrying about the capital needed to start a business in Dubai.
To help you shed light on the minimal requirements to start a business in Dubai, we’ve penned down some of the researched nuggets to help you acquaint yourself with the small business model in this article.
Therefore, if you are seeking to know how much you need to have to start a business in Dubai, stay with me till the end of this post. Additionally, we at Vigor Business Set Up understand the hassles involved to choose the most profitable and low-investment business in the UAE. With dozens of business ideas to embrace in Dubai even makes it more demanding to rest on a prolific idea to invest in.
You can contact our professional business consultants to help you decide and set up your business in the United Arab Emirates in a crunch time.
Having said that; the following are the shocking facts you need to know about business setup in Dubai this year;
- How much money do you need to start a business in Dubai?
- What is the easiest business to start in Dubai?
- What business can I start in Dubai with low investment?
- How to make money fast in Dubai?
Let’s start from the top;
How Much Money Do You Need to Start a Business in Dubai?
Do you want to start a business in Dubai and don’t know how much you’re required to have a successful company business in the UAE? It wouldn’t harm you to be skeptical about how much you need to have to lift your business off the ground in Dubai.
The land is amazing with remarkable resources that tend to paint a difference in people’s minds when thinking of Dubai. Luckily, today you’ll rubbish the myth marked in your brain concerning the business set up in Dubai.
Thus, before you begin the process of starting a minimum investment, you’ll be compelled to select which free zone befits your business. There are over 30 Free Zones that come with different policies every investor ought to follow.
So, to understand how much money you’ll be required to start your business in the UAE, we’ve broken it down into the following sections. You must pass through the following for your company to run effectively in Dubai;
- Company Registration fees; normally ranges from AED 9,000 to 10,000 AED.
- Licensing Fees; this can cost from AED 10, 000 up to 50, 000 AED per year
- Office fee; AED 15,000 to 20, 000 AED
The above three requirements may determine how much money you need to start a company in Dubai. Therefore, depending on your project needs, the starting amount can plummet or reduce.
What Is The Easiest Business to Start in Dubai?
Business in the United Arab Emirates has changed the life of many investors in Dubai. Were it not for the business, Dubai wouldn’t have been popular and the talk of the hood as it is.
Almost all types of business are doing well in Dubai. This plus many other reasons nudge investors from different nationalities to flock to Dubai for business deals. So, what is the easiest business to start in Dubai?
Let’s find out;
1. E-Commerce Solutions
2. Construction Sector
3. Travel and Tourism
4. Consultancy Service
5. Restaurant Business
6. Cleaning Services
7. Real Estate Agency
8. Handyman Business
9. Health Sector
10. Beauty Salon
What Business Can You Start in Dubai with low investment?
Generally, people normally misconstrue that a lot of money is needed to launch a business in Dubai. There are lots of low-investment businesses one can decide to embrace while looking forward to a more established business idea in the United Arab Emirates.
Countless numbers of expatriates have become millionaires in Dubai by investing in the Minimum Investment to Start a Business in Dubai without looking back. So, in this section, Vigor will walk you through some of the low investment business ideas to start with in Dubai, especially this year.
The following is a list of low-investment business ideas. You can opt for one and start your business with the help of our professional business consultant in the UAE;
- Food Business; some of the ideas under food business you can start to include catering services, food delivery at home, and baking production.
- Consultant services; this business model is further grouped into legal consultant, IT consultant, and offering business consultation among others.
- Content Writing and Copywriting
- Investing in Real Estate
How to Make Money Fast in Dubai?
With the downturn of the economy almost in several parts of the world globally, individuals are oscillating to Dubai so that they can make ends meet. Yes, the UAE has been deemed the most stable country economically in the world. That means; it has the potential to support an array of business opportunities.
The improved infrastructure, sunny climate, tax-free environment, and favorable business ambiance are some of the features that make Dubai a home for endless business opportunities.
That said; when individuals land in Dubai, the only thing in their brain is how to make money fast and evade poverty. And so, in this digitalized world, making money fast is a no-brainer if you utilize your skills well, especially in a city like Dubai where there are endless business opportunities.
There are plenty of options you can enroll yourself into and manage to make money fast in Dubai. Check out the list and select you’re most preferred way to make money fast in Dubai this year;
- Blogging
- Online Tuition
- Freelancer
- Photography
- Mobile applications
- Fitness instructor
- EBook writing
- Arts and Crafts
Also read: What are the Ways to Raise Funds for Business in UAE
Food For Thought
There are lots of low-investment business opportunities you can opt to start in Dubai. Nonetheless, it might be hard for a beginner investor to come up with the most profitable minimum investment business plan without the help of an expert in Dubai.
We at Vigor help aspiring entrepreneurs come up with business ideas and walk them through the entire process of Minimum Investment to Start a Business in Dubai . Furthermore, we assist most investors in business licensing applications, documentation, visa applications, and other paperwork involved in your business.
Contact us today to get extensive help from our professional business consultant for a small fee or free depending on your task. We’re looking forward to hearing from you anytime.
