Presently, lots of businesses crusade to find new ways and opportunities to survive amidst the pandemic. Needless to say, tons of restrictions and limitations have been imposed on many, if not all, industries, but this doesn’t mean that you should put your business endeavors on pause and just wait. The United Arab Emirates is a magnificent country that presents great opportunities for beginner entrepreneurs and large corporations alike. Even with the modest startup capital and minimum experience, you can arrange a profitable small business in the UAE and expect to grow it in the future. So, if you haven’t hit on a great business idea yet, make sure to check out some viable and relatively cheap options below.
- As with any business, registering your company in the UAE can be tricky and time-consuming. To avoid the pitfalls associated with obtaining required licenses and complying with legal nuances, consider enlisting the help of business setup consultants in Dubai or any other area of your choice.
#1 App Development
If there is anything that hasn’t decreased or been afflicted by the pandemic in some way, it’s the app development industry. Long periods of self-isolation made millions of users spend more time online. And handy applications came in particularly useful.
In the UAE, app development is one the most promising fields for knowledgeable programmers and IT entrepreneurs. If this is your cup of tea, consider establishing a small app development firm in one of the free zones. Free zones offer benefits such as a quick and simplified registration process and financial incentives, including tax exemptions and zero currency restrictions.
#2 Cleaning Services
The UAE is a country that’s commonly associated with luxury, well-to-do people, and laidback lifestyle. It can be a great place to start up a company providing cleaning services to the population. Now that the world is so obsessed with cleanness and disinfection, your firm can sanitize hotel rooms and offices to help other businesses meet today’s sanitary standards. If your company succeeds at delivering on your client’s expectations, the odds are good that shortly after establishment your business will start bringing in the expected revenue.
#3 Manpower Agency
Every year, the UAE sees thousands of people come and explore new career opportunities on its shores. The Emirates are home to more 600, 000 companies that need either qualified applicants or someone who are willing to do menial work. And not all companies have enough time and resources at their disposal to scout for new employees and sift through the piles of resumes. That’s where a recruitment agency comes in and saves the day. You can start up a manpower business in Dubai or any other emirate to help thousands of other businesses handle and foolproof the recruitment process. You don’t need to make hefty investments in your new startup. Once you finalize your paperwork and obtain the required permits from the authorized department, you can jump in and start expanding your client base and business network.
#4 Travel Agency
It often comes as a big surprise for lots of people, but the UAE makes more money from tourism than oil. Even in times of the pandemic, the Emirates welcome hundreds of thousands of tourists eager to explore its pristine beaches, luxurious trade centers, and try out different types of entertainment available in this diverse and wealthy country. So, it goes without saying that establishing a travel agency can be quite a lucrative business in the UAE. You can help travelers plan their itineraries and select suitable tours. Once your license is issued, you can arrange trips and provide consultation services to individual and corporate clients.
#5 Education
Language courses are very popular in the UAE, as more and more people seek to improve their skills and attain a good command of English, Arabic, or other languages. Lots of expats currently residing in Dubai, Abu Dhabi, Sharjah, and other places need good schools to teach their children. And you can make the most of these needs. Establishing a school can be a viable business option in the UAE provided you have no problems with licensing and setting up appropriate infrastructure for your business.
Online teaching also can be a great bandwagon worth jumping in. Even with the handful of specialists and minimum investment you can start up quite a profitable business and help lots of people with their studies via the Internet.
#6 Real Estate
Real estate is one of the thriving businesses in the UAE, which lures hordes of foreign investors and entrepreneurs from all over the globe. If you want to set up a real estate company in any of the free zones scattered around the country, you should start with registering your trade name along with all the relevant documents with the Department of Economic Development. Note the entire registration procedure can be completed online. Once you’re granted a special permit for purchasing and selling real estate in the designated area, you can start making money.
If you want to establish your real estate business in the UAE mainland, you should reconcile yourself to the fact that 51% of your company’s share will belong to your Emirati partners.
