Business Start-up idea and cost in Dubai UAE

Dubai has become one of the leading international business centers and regional hubs in the world. It has quickly emerged as one of the best places to do business in the Middle East due to its state-of-the-art infrastructure and world-class professional environment. Other factors that have made the emirate an ideal base for multinationals and other companies in the city’s strategic location, tax-free living and strong economic outlook which is effectively allowing many investors to target markets in Central Asia, the Middle East, Africa, the Asian Subcontinent and the Eastern Mediterranean.

The emirate is also going to be hosting EXPO 2020 which is the world’s largest trading event that is estimated to bring in around 25 million visitors during the span of October 2020 to April 2021. This means that many new prospects and business opportunities will present it as well as spur even further development in the emirate and the country as a whole.

There are many small business start-ups that require small investments that can successfully grow in the city. These sectors and in demand due to the continuous rise in population which is opening up many new business opportunities for investors. Below are some of the areas that are currently excelling and in demand to which people can invest their time and wealth for better growth.

Trading

It is one of the easier platforms to get the work and residence permit. It also provides more opportunities to present the business to other geographical entities as trading has a multinational environment and culture.

Ecommerce (Online Business)

One of the fasting growing trends in Dubai is online businesses as it is one of the most cost-effective areas to invest in. the popularity of eCommerce is growing in demand and popularity as even the government has introduced many of their services to be conducted through their online website. An example of an online business is SOUQ.com whose valuation is reported $ 1 billion.

Service Sector

With only a small investment, Restaurants, Coffee shops, cafeterias, Typing shops, management, marketing, advertising, HR and many other services based businesses are thriving at a rapid pace in the city.

Travel & Tourism Business

Tourism has become one of the core businesses in Dubai. Due to EXPO2020, this sector is expected to grow tremendously as more construction of new hotel complexes and other tourist infrastructure are set out because of the influx of visitors during the EXPO and leading up to it.

Small Investment

In terms of what entrepreneurs can expect their initial investment must be for small business start-ups in Dubai, one must take into account the jurisdiction, fee and residence visa. For free zone license, the yearly basis will is $ 570 per month and residence for three years is $ 1500.00. For a mainland license, the investment will be around $ 13300.00 and residence will be $ 1089 for the duration of three years. For an offshore company, the fees will be $ 2700.00 annually and a residence visa will be on a yearly basis. If you want to know more about company formation in Dubai, Please contact Nasiha and we are here to help you with all your needs.