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Most Profitable Businesses to Open in Dubai 2021 - 2022

Most Profitable Businesses to Open in Dubai 2021 – 2022

UAE exhibits different ideas than the rest of the Middle East. They rely less on oil production, knowing they would run out someday. UAE imparts trades and merchants with startup opportunities and investment for UAE's booming entrepreneurship. The United Arab Emirates is an ideal place to start your business. Based on the World Bank's Ease of Doing Business 2020 report, setting up a business in UAE is easier than in other Middle East countries. It takes only eight days and simple procedures to start a company in the UAE. Dubai is the best place for the UAE to invest because of its healthy business climate and abundance of resources. Dubai rulers are working hard to improve the business environment and provide opportunities for investors.

Best Businesses to do in Dubai

Construction

The construction of skyscrapers and high-rise buildings is not slowing down in Dubai. New buildings are erected with every passing day. Huge opportunities are open for architects, engineers, construction firms, real estate developers and various professionals of the sector. The investor can set up a real estate development firm or manufacturing business to sell materials used in construction.

Handyman services

The handyman service business is in higher demand as people look for trusted agencies and skilled workers. Start the business with individual services of a small job for the clients. The working area of the handyman needs plumbing, maintenance, repair and other electrical jobs to offer different services to your clients.

Beauty and Hair Salon

The residents of Dubai are conscious when it comes to beauty and fashion. Set up a ladies beauty salon in Dubai to provide services for beauty, hair, feet, nails and face. You must know the requirements of business and know Dubai's fashion trends.

Real Estate Agents

The increasing number of expats increases the real estate affairs like selling, buying and renting of properties in Dubai. Residents have trustworthy agents to make property dealings. You must get advice from the consultancy agency and get the required licenses by authorities.

Oil and Gas

The oil and gas industry of Dubai has operations like extraction, transportation, exploration and distribution that generates revenue for investors. The business startup needs thoughtful planning to start a business in the industry.

Travel and Tourism

Opportunities for tourism includes business tourism, sports tourism, shopping tourism, medical tourism and cultural tourism. Other things related to tourism are food services, hotels, restaurants, transportation and photography. Travel and tourism emerges as a powerful industry with an annual economic impact of 6.5 trillion U.S dollars worldwide.Start a travel and tourism industry that makes profitable ventures for passionate entrepreneurs.

Job Agencies

Many expats come to UAE in search of good job opportunities. Open a job providing agency in Dubai to connect companies and job seekers to use your channel. The Job Recruitment Agency Company can be started with ease and minimal investment.

Webpreneur

Internet marketing, e-commerce, web development, mobile and online businesses are the trending sector for investments. E-commerce stores thrive more for businesses to go online. The digitization of the United Arab Emirates is growing and continues to provide more opportunities for webpreneurs.

Online Tyre Trading Business

All prestigious car brands wander on the roads of Dubai. It gives rise to unique business opportunities for online tyre traders. The total worth of the tire market in UAE is valued at $ 220 million in 2019 and may cross $ 420 million by 2025. The Pioneer of the industry is PitStop Arabia, one of the leading online tire shops of Dubai.

Business Consultancy Services

Business setup services and Business consultancy are the profitable business of Dubai. Get the license for the business from the authorities.

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Application of the UAE PASS and Access Government Services Online

Application of the UAE PASS and Access Government Services Online

The easiest way to get all the government work done without stepping out is through a UAE PASS. UAE PASS

The Advertising

UAE PASS comprises a single digital signature that would access more than 5,000 government services in the UAE.

What documents are needed?

You only need your original Emirates ID.

Can I apply online?

For the registration process, you can apply online and then the verification process is done at a kiosk, where you visit for the final physical verification.

The process

The breakdown of the complete registration process:
  • You have to download the UAE PASS application on your phone.
  • Then scan your Emirates ID, verify the information needed and set up a pin. This PIN is very much important, and you are advised not to share it with others.
  • Opt to visit the UAE PASS kiosk near you to complete the final verification process.
  • Insertion of your Emirates ID at the self-service machine and following the instructions of the screen.
  • Take a scan of your fingerprint.
After this you will be able to access all available UAE PASS features.

The locations of UAE PASS kiosks

Dubai
  • The Smart Dubai Government, Dubai Design District, 1A, 7th-floor reception area.
  • The Dubai Economic Department offices (Dubai Mall branch, Al Barsha Mall, Al Twar centre)
  • The Directorate Of residency And Foreigners Affairs -Al Jafilia
Abu Dhabi
  • The Abu Dhabi Cooperative Society, Main Entrance
  • The Abu Dhabi Cooperative Society, Dana Plaza Main Entrance
  • The Deerfields Mall,2nd Floor, beside Carrefour, ATM Area.
Sharjah
  • The Tasheel centre Sharjah Samnan, Ground Floor near main reception
  • The KM Trading Shopping Centre, Main Entrance
  • The Nesto Al Wafa General Trading, Main Entrance
  • The Awqaf, Sahara Centre, Ground Floor beside Al Ansari Exchange
Ajman
  • The Ajman Department of Economic Development, For Ground Floor Customer Service on Bashr Trade License
  • The Ajman Markets & Co-operative Society - Entrance, The Main Entrance near the ATM area
  • The Ajman Markets & Co-operative Society - Food Court, In-Ground Floor, Food Court Area near Tech Link Shop
Ras Al Khaimah
  • The Ras Al Khaimah Department of Economic Development, Ground Floor Bashr Counter
  • The RAK Mall, Main Entrance
  • The Al Aswaq RAK National Markets, Main Entrance, near Dubai Islamic Bank ATM
  • The Federal Electric & Water Authority (FEWA), Main entrance, right side
Fujairah
  • The Fujairah Dibba Municipality, Ground Floor Customer Service for Bashr Trade License
  • The Century Mall, Main Entrance, ATM Area
  • The LuLu Hypermarket, LuLu Mall, Main entrance
  • The Choithrams, Main Entrance, Baggage Counter Area
Umm Al Quwain
  • The Carrefour Market, Main Entrance, near the cash counter
  • The Federal Electric & Water Authority (FEWA), Main Gate, ATM Booth
  • The LuLu Center, Main Entrance
Al-Ain
  • The Al Foah Mall, Lulu Hypermarket, Ground Floor, Main Entrance inside ATM Booth
  • The LuLu Hypermarket, Main Entrance
  • The LuLu Hypermarket, Main Entrance
  • The Al Ain Municipality, Main Entrance, Reception Area

Will I complete the services during COVID-19 related restrictions?

Based on Smart Dubai, people can still visit the UAE PASS kiosks to complete their registration process. Moreover, people are advised to stay home as much as possible and step out only for essential services. The authorities state every individual to follow the necessary precautions when stepping out, stressing the message of 'Everyone is responsible'.

What services can I access now?

After downloading and registration, you can access over 5,000 different services that includes registering a business, paying your government bills, filing a complaint or sponsoring a visa.

The UAE PASS

United Arab Emirates government’s long-term strategies like UAE Vision 2021 and UAE Centennial 2071, makes the UAE among the best countries in the world by the Golden Jubilee of the Union on six basic pillars. One of the six pillars, or national priorities, are to provide a sustainable environment and infrastructure. People can access more than 5,000 government services by using a single username and password.

The difference between Dubai, Smart Pass and UAE PASS

The Dubai is exclusive for Dubai government-related services. But for Abu Dhabi and other emirates, residents can register for a Smart Pass. The UAE’s move towards providing integrated smart government services leading to the unification of these services under UAE PASS, which provides access to a range of government-related services, regardless of the Emirate you are in. The UAE PASS has the collaboration between Smart Dubai, Telecommunications Regulatory Authority (TRA) and Abu Dhabi Digital Authority and was launched in 2018. The UAE residents and visitors can access government services and make regular payments such as home and mobile phone bills, which provides access to services like Dubai Now and for applying the residence visa or buying a property. This can be possible using the electronic signature.

The electronic signature

The UAE Pass provides users with an electronic signature, which is equivalent to you signing a document with a pen. The electronic signatures are legally valid under UAE law. Whether you are securing a new contract or making a big purchase, like a car or property, if you are using the UAE government’s smart services, you could use your UAE Pass signature. This is the first time digital signature solutions are provided in the region.

Secure of my signature

The online services and UAE Pass signature are secured through several measures to provide a safe operating environment for users. The signatures are protected using the SHA-256 hashing algorithm.

The SHA-256

The SHA is- Standard Hashing Algorithm, was built by the National Security Agency (NSA) in the US. The SHA-256 is a ‘one-way cryptographic function’, which means that it cannot be decrypted back to the original text.

Planning to Setup Business in Dubai?

How to Start a Real Estate Business in Dubai

How to Start a Real Estate Business in Dubai, UAE

A fantastic place to own real estate is Dubai. Returns from high-standard properties are higher than many other property hot spots. As the tourism industry is thriving and the upcoming Expo is yet to arrive on the shores, this would be a great time to invest in real estate. Great reasons to invest in real estate in Dubai:
  • No annual property taxes
  • No tax on rental income
  • Freedom to repatriate your profits if in a free zone.
A company can best conduct Purchasing and managing property. So your first point of contact should be a company if you are interested in investment. Blackswan can guide you in the entire process.

Steps To Start A Real Estate Company In Dubai

We, at Blackswan, will work with you to decide the best type of setup for your business which may be either mainland or free zone. Business in a free zone is beneficial as it has tax exemptions and other advantages. But one can trade freely in the local UAE market, in mainland business setup. Once the decision is made, we will guide you through the license application process.
Step 1: Choose Your Business Activity
Firstly determine your business activity which will depend on the type of real estate company that you wish to run. That could be holding property or acting as a property manager or real estate broker.
Step 2: Choosing Your Company Name
Choosing a company name is the next step in accordance with naming conventions like, no blasphemous or offensive language, no references to well-known institutions or any abbreviations of your name. A legal entity like FZE or LLC has to be attached with no resemblance to any other company. Black Swan will help you with these initial decisions.
Step 3: Applying For Your License
There is a slight difference in the license application process whether you set up in the mainland or a free zone. Application should be submitted to the local municipality or Department of Economic Development (DED), if setting up in the mainland and can be applied directly if in a free zone. Additional accreditations may be needed based on the type of business you intend to run. You will need to pass the Certified Training for Real Estate Brokers course issued by the Real Estate Regulatory Authority (RERA) to operate a real estate brokerage.
Step 4: Applying For Your Visa
You can also help you apply for your UAE visa and Emirates ID which involves four stages including a medical fitness test and biometric capturing that usually takes less than a week. You can also sponsor others such as children, a spouse or domestic staff for their visas being holders of a UAE business license.

Documents Required To Start A Real Estate Company In Dubai

Black Swan can manage the entire process for you to ensure smooth running. We’ll require the following documents to make your trade and NMC license applications on your behalf. This includes:
  • Your signed application form
  • A business plan
  • Passport copies of each individual (Shareholder/s and General Manager)
  • Original No Objection Certificate (if required)

What Is The Cost Of Opening A Real Estate Brokerage Company in Dubai?

There are several costs to start a real estate business in Dubai, UAE. The real estate license cost in Dubai ranges from AED 15,000 to AED 25,000, which is inclusive of your residency visa (no need to mention inclusive of residency visa). RERA real estate brokers’ course fee of AED 2,500 (3000) has to be borne if you intend to run a brokerage. After 100% expat ownership law has kicked in even expats can own 100% ownership in real estate brokerage firms.

Start Your Real Estate Business In The UAE With Blackswan

Getting the right guidance beforehand is the key when starting a UAE real estate business. To eliminate any potential hassles that might arise, it is advisable to undertake the steps with the assistance of a registered company. Blackswan can help you get your business up and running within a matter of weeks. Primary transitions and establishment processes, account opening assistance, VAT registration, reinstatement, and renewal services are offered by us. So if you are planning to start a business in Dubai, feel free to talk to Blackswan. Tags: Real Estate business setup in Dubai, Real Estate company formation in Dubai, Real Estate license in Dubai,
HOW TO SETUP A BEAUTY SALON BUSINESS IN DUBAI

How to Setup a Beauty Salon Business in Dubai ?

Today’s corporate culture and modern lifestyle demands a well-groomed look. In UAE, many investors realize that beauty industry has much potential and are willing to invest in it. As the standard of living is going up, people are prioritizing their personal grooming and hence starting a salon business can do extremely well in the city. Opening a beauty salon in Dubai can be your key for a successful business.

Starting a Beauty Salon in Dubai - The process

A beauty salon in Dubai Mainland can be more profitable than in a free zone. Before starting any business, you should register with the Department of Economic Development (DED) as it is the regulatory body in Dubai Mainland and their steps include:
  • Submit the passport & visa copies of the investing partners.
  • Decide the name of your beauty salon & submit it to the DED to get it approved
  • After approval from the DED, draft and sign the Memorandum of Association or get it done by a Local Service Agent
  • Rent a salon shop as per the requisite infrastructure standards of the DED and make an agreement with the tenant
  • Obtain the tenancy contract along with the Ejari number
  • Now you should get approval from the Dubai Municipality Planning Section
  • Get approval from the Health and Safety Division of the Dubai Municipality
  • Submit all the above documents to the DED and get your license
It takes 2-4 weeks to get through all these steps & once you get the license approval from the DED, you can start your own beauty salon in Dubai.

Beauty Salon in Dubai- Requirements for License & approval

  • Approval of location by the Dubai Municipality planning department
  • A sign board in front of the beauty salon
  • Sufficient lighting, clean and proper furniture.
  • Dressing chairs should meet the specific size of 3.0m wide x 3.5m length and strictly must not be less than that
  • More than 2.30m height between the ceiling and the floor of the beauty salon
  • Separate areas more than 2.50m x 1.50m with proper partition designated for beauty treatments like Pedicure, Manicure, Hair removal, and Henna design
  • A wash basin near the area for facial treatments
  • Preparation area for hair removing materials must be made of Fireproof materials
  • A water heater
  • Cupboards and drawers to keep cosmetics and towels

Types of Beauty Salon Licence in Dubai - UAE

Two types of Licence is available for beauty salons in Dubai - UAE Women's Beauty Salon Licence : It comes under Professional License type, The Activity group come under “Ladies Salon” and its activity code is 930203 Gents Salon Licence : It comes under Professional License type, The Activity group come under “Gents Salon” and its activity code is 930201 Not sure how to start your own beauty salon in Dubai? You can always get help from a professional consultant like Black Swan Business Setup Service LLC, a reputed name in company setup in Dubai. Our team will study your requirements and cater to your needs. Contact us today!

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Share Capital Required to Setup Seychelles Offshore Company

A vital offshore jurisdiction providing wide range of business advantages to international investors eager to form companies in insular state is Seychelles. Among the different benefits offered, one that is worth the mention is privacy of the firm as well as share capital requirements, where in majority of the cases, is said not to exist. To understand better how offshore companies can be set up by foreigners in Seychelles, you can discuss with our Seychelles company formation specialist team. To set up Seychelles company, what minimum share capital is required? Registered Seychelles companies having 1 non-resident director and shareholder is not required to offer minimum share capital. When fees are concerned, the investor simply requires to take into consideration approximate $100 government tax. In Seychelles, a popularly formed business structure is International Business Company or IBC.

What maximum authorized capital is necessary in Seychelles?

When maximum authorized capital is concerned in Seychelles, no limitation exists. This means, IBC registration is possible even with an amount of $100 million. Our Seychelles company incorporation team can provide valuable information on how to form different available business structures or IBCs in Seychelles.

What minimum share capital is required by LLCs in Seychelles?

Minimum share capital is not required by Limited Liability Companies (LLC) to resister its business in Seychelles. As a matter of fact, Seychelles LLCs can be owned by foreigners to about 100% and also not subjected to taxes on earnings.

Benefits of Seychelles offshore companies Formation

The preferred business jurisdiction that offers innumerous benefits and welcoming business environment with regards to forming offshore companies in insular state is Seychelles. Given below are few benefits that foreign investors can enjoy by forming offshore companies in Seychelles:
  • No mandatory minimum share capital for Seychelles company.
  • Such companies can derive tax-free benefits, which mean earnings are levied upon.
  • Foreign investors are free to form companies in Seychelles enjoying 100 percent ownership.
  • Seychelles offshore companies do benefit by deriving complete privacy with regards to assets and owners’ name.
To get more details pertaining to forming offshore company in Seychelles including share capital requirements, do feel free to call up our company incorporation specialist team in Seychelles.

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Rules for Company Formation in the Dubai Mainland

Rules for Company Formation in the Dubai Mainland

Rules for Company Formation in the Dubai Mainland: Starting a company in the Dubai Mainland comes with the knowledge that there won’t be too many restrictions and regulations while conducting business activities. What is necessary though, is to have a local sponsor. You can maintain a 100% percent ownership but you still have to have a local sponsor as it is legally required for business documentation. If you want to maintain full ownership, the local sponsor has to agree to refrain from interfering in the business activities.

Types of Companies in the Mainland

Limited Liability Company (LLC): The company needs to have a minimum of two shareholders and maximum up to 50. Each shareholder is liable according to the percentage he/she holds. Branch Office: Investors can expand into Dubai and are given an opportunity to set up their branch office in the mainland. Public Shareholding Companies: This type of company is suitable for businesses dealing with large lucrative figures like banking, finance and insurance. Professional Firms/Civil Companies: Owners can choose their field of functioning and can retain a 100%percent ownership. Representative office: Can exist without a shareholder but cannot conduct business activities. Its sole purpose should be research and marketing.

Steps of Incorporation

One should decide the business entity to be formed and get the name approved. The business owner must then start by finding a trustworthy sponsor without whom he cannot start the business. Then comes the drafting of the Memorandum and Articles of Association, followed by submission to seek approval from the Department of Economic Development (DED). Then one should find reasonable, strategic and affordable office space to conduct the business activities out of and geta tenancy contract. The next step is to apply for a trade license. Getting the relevant trade license for your business is important. There are three types: Commercial licenses: These licenses cover all trading activities and are for businesses where 51% of shares are with the UAE National and 49% with the business owner/expat partner. Industrial licenses: These licenses cover all manufacturing and production activities and are for businesses where 51% of shares are with the UAE National and 49% with the business owner/expat partner. Professional licenses: These licenses cover all professional services, craftsmen and artisans and all the shares are held by expat partner only. All that is left to do now is submit all applications and pay the necessary fee, after which you can obtain your license and conduct business activities! Setting up a business in the Dubai Mainland has many advantages such as unrestricted operations, working with government bodies and its open wide presence in the market in and out of UAE.

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how to start a construction-company in dubai

How to Start a Construction Company in Dubai

Setting up of Construction Company in Dubai is a Great Idea. Dubai is a land of opportunities! It has witnessed an immense growth and its skyline is dotted with eye-catching buildings including the tallest building in the world - the Burj Khalifa! As Dubai is racing ahead with a rising GDP, tax-free environment and a high standard of living, there is ample scope for many flexible business opportunities. Many new mega building projects are coming up in Dubai along with the economic boom and there is no better time than now to start a construction business in Dubai!

Steps for Construction Business Setup in Dubai

  1. Step 1: Determine whether you want to go for a company formation in Mainland or in the Free Zone.
  2. Step 2: Apply for registration at the Department of Economic Development (DED). A commercial license is required as construction business comes in the commercial sector category,  Read More
View all steps : https://bss.blackswanbss.com/construction-company-setup-in-dubai/
DUBAI’S SKY POD PROPOSED ROUTE MAP

Dubai’s Sky pod proposed route map

Dubai’s busiest districts can now be ventured comfortably and easily by visitors and tourists alike, without having to bother about traffic rush. Aboard the futuristic sky pods, they can get to enjoy the city’s beautiful panoramic views. On Tuesday, the RTA (Roads & Transport Authority) had retweeted a tweet of the Dubai Media Office offering a sneak peek of the pods’ planned route map. This rapid transit system is stated to be a cross between ski lift & monorail. This route links Al Wasl with Business Bay, covering busy areas around International Finance Centre, Marasi Drive, Burj Khalifa, Bay Avenue, across Sheikh Zayed Rd. towards Al Wasl dist., Coca-Cola Arena and CityWalk as outlined within Business Bay – Downtown Loops, Business Bay and Al Wasi Link. The RTA with BeemCar Ltd. UK based company had very recently signed an agreement to enhance further cooperation to come up with futuristic mobility solutions. This is to be achieved with the introduction of sky pods using suspended transport technology. AS per RTA Chairman of Executive Directors’ Board and Director General, RTA has been making efforts to introduce auto transit means to be in sync with Dubai Self Driving Transport Strategy by signing this agreement. The objective is to divert total mobility journeys by about 25% in Dubai by 2030 towards autonomous transit means. The action taken by the RTA is sure to improve mass transit mode integration, while providing better solutions to last & first mile challenge. Riders now can reach easily and comfortably their final destinations. However, completion date is yet to be provided.

Convenience & Capacity

Four passengers can be accommodated comfortably in this small electric sky pod or automated vehicle. It is likely to move at a speed of 50 km/hr along routes that stretch about 50km at ½ second intervals across Al Wasl district, Downtown Dubai and Business Bay. With the sky pods being attached to beams, arranged in network, criss-crossing the city, they are likely to enjoy traffic-free ride. The minimum clearance height above ground is 7.5m. Even while climbing inclines, the pods are to move horizontally, so as to avoid ‘roller coaster’ effect. This way, passengers can have calm stomach throughout the ride. The network as per Beem Car, is likely to accommodate approximately 20,000 passengers/hour. It further added that no switching of physical track is necessary, unlike the rail based system. Moreover, the intelligent pods will choose short routes in the converging & diverging junctions, thus allowing direct travel to destination from its origin, without having to stop in-between. With sky pods moving above the ground, passengers are sure to have a good view of the city’s scenic routes.

Its functioning

The pods are climate controlled and passengers can board it at stops that are at ground level, similar to bus stops. As the passenger gets aboard the pod, the door closes automatically, accelerating the pod onto main beam from ground level to slot into gap between the other pods that travel in same direction on the beam. On touchscreen, passengers can select their desired destination. With the starting of the pod, it is expected to rotate through 90 degree slowly to be locked into position, with passengers facing forwards. The sky pod has been designed to travel to programmed destination directly. Once reached, it turns off main beam to slow down and stop, moving ground level. Beem Car also added that comfortable environment is provided within the pod with inbuilt air conditioning and heating, irrespective of the prevalent weather. A huge wraparound screen offers better access to the city’s panoramic view. Bad weather or flooding is not likely to affect its operations.

Design

It boasts of having lightweight structure, not requiring crash level protection like that of an automobile because there is very less risk involved of collision. Although they are controlled independently, there is present synchronous control element, such as when a pod stops at a particular beam section, they all tend to stop. Its unladen weight is about 400 kg., with external measurement being of length around 2.5m, breadth 2m & height of 2m. There are 2 tiered rows with four forward facing seats. The rear seats are set further apart and much higher to offer passengers with increased visibility via the huge transparent front-end extending from ceiling to floor round most sides, like that of the helicopter cockpit.

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setup your spa business in dubai

How to start a SPA Business in Dubai – UAE

Blackswan BSS brings to you SPA Business Setup Service in Dubai,  The high standard of living in Dubai sets it apart from other cities in the world. Dubai is also the fashion capital of the Middle East & people in Dubai are nowadays becoming more and more beauty and fashion conscious. This has led to the growth of Spa business here. Majority of Spas in Dubai are only for women, but nowadays many Spas function for men as well. As Dubai is a melting pot of different cultures there is ample scope for beauty experts of international fashion and style to set up shop here. The Spa can be opened either in Dubai mainland; or in any of the dubai free zones. But Dubai mainland is the ideal choice as you can easily attract more clients. A local partner is mandatory if you set up the Spa business in the Dubai Mainland. You can also choose the size and type of spa according to the area.

PROCESS OF SETUP SPA BUSINESS

  • Submit copies of passport and visit visa of business partners
  • Select a name for the Spa business and take its approval from Department for Economic Development (DED)
  • Appoint LSA (local service agent) and draft and sign the MOA (memorandum of association) Read More 

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