Are you an entrepreneur looking for suitable opportunities for your business in Dubai? If yes, then you are right. The UAE is gaining ground as a potential business hub. Dubai has access to the 1.5 billion consumer markets in the West Asia, Africa, Eastern Europe, countries of the CIS and the neighboring Middle East. Dubai presents favorable economic and job opportunities. If you want to look for a suitable business opportunity here, you should feel encouraged. It is important to note here that starting a business is not for everyone. If you lack the passion and initiative, you cannot succeed irrespective of wherever you go.
Why Start a Business in Dubai?
- It is easy and simple to start a business here. The government’s policies are pretty straight and progressive. The UAE government encourages people to invest in their oil rich country. Here, the government grants incentives to investors and also the new proceeds in order to set up new businesses. These rules have been simplified by the government.
- Dubai is a suitable business hub with minimal to negligent taxation in the fields like tobacco processing, oil and banking.
- The government has a long term plan focused on the growth of the new businesses. This helps to support their economy for years. These business laws are really favorable. The tax free ambience is appropriate for the new and upcoming businesses.
This is the reason why if you are planning to invest in the UAE, you will not face any problems for the set up. However, you will need to know the best markets to invest in.
Promising Industries in the UAE
Construction: The construction business is booming in the UAE with every passing day. This creates a huge scope of opportunities for the engineers and other professionals in the construction and building sector. Similarly, the investors can set up businesses which make or sell raw materials that are used in the construction and building process.
Oil and Gas: This has been the backbone of the country’s economy for several years in the past. A vast amount of the riches enjoyed by the country at the moment is a direct result of this industry. Despite being used for years, the oil industry can still accommodate new investors. Entrepreneurs who are interested can begin their business from scratch or join hands with the existing businesses.
Financial Services: Since there are a number of large scale industries in the country, there is a constant demand for the professionals who excel in providing financial services. These include bookkeepers, accountants and auditors. If you are good at these specialties, you can earn a profit by starting a business which offers financial services to the other businesses in the country.
Snacks and Food: Food businesses thrive everywhere. The UAE is no exception. There is always a high demand for snacks and foods. This is the reason why you can earn by launching a business which sells fast food and snacks.
Healthcare: People in the UAE are highly health conscious. The trend has led to an increase in demand for the professional healthcare facilities and experts. If you are a healthcare expert and want to start a private business, the UAE is a very good country to establish your business.
Security: Although the security concerns are less in the UAE, when compared to the lot of developed nations, so the businesses and individuals do not take chances with their assets. This has created the need for the security guards and the security devices. If you do not have the passion to set up a business which offers private security services, you can still earn money by selling security devices like alarms and surveillance cameras.
These are some of the upcoming industries in the UAE and they offer a host of opportunities to the investor.
One of the best organization to help you setup business in Dubai is the HLB Hamt. They were established in the year 1999 and since then grown up to be the top leader in the field of auditing and advisory organizations in this region. They have an amazing team of professionals backed up with their international experience which helps them to support their client no matter what part of the world they come from.