Entrepreneurs and business aspirants in Dhaka have the zeal to go big and make a name for their brand on a global scale. Well, what better place than Dubai to launch your dream venture. There are countless business opportunities in Dubai.
However, it’s imperative for you to understand your niche market, and make the right investment in the booming industrial sectors of Dubai.
In this blog, we’ll discuss five such opportunities and throw some light on why these might be the best investment options for Dhaka’s entrepreneurs!
Top 5 business ideas in Dubai
Global architectural phenomenons like the Burj Khalifa and Burj Al Arab have set very high standards for property business in Dubai. However, the real estate business isn’t just limited to the construction sector.
You can become a real estate broker by applying for a brokerage licence. On the other hand, investors need to secure a civil works company licence to explore the construction line of a real estate business in Dubai.
The UAE’s open economic policies facilitate hassle-free and continuous foreign direct investments in the real estate sector. This, in turn, yields enhanced profits for all – the foreign investor, the government, and the property agency.
IID (invest in Dubai), the administration’s recent initiative to further boost the real estate sector has also received an overwhelming response from the global investors. You can enjoy a host of benefits under IID, some of which include:
- 100% foreign ownership
- No corporate or personal taxes
- Zero taxation on profits & capital gains
- An enormous audience pool of 2.4 billion potential clients (the Middle East, Indian sub-continent, and Africa)
- Seamless connectivity within the UAE and across the world
Therefore, it’s safe to conclude that your investment in Dubai’s booming real estate economy will surely reap rich dividends.
As per the latest analysis done by the Dubai Chamber of Commerce and Industry, the city’s healthcare sector is projected to grow to a whopping AED 39.4 billion by 2025. Therefore, now is the right time to enter this industry.
The outbreak of the COVID-19 pandemic shook the world. However, the UAE showed quick recovery by conducting rigorous testing drives, and much more. Moreover, it was also able to host several global spectacles after the COVID-safety protocols were modified.
This is a testimony to the government’s vigilance with regard to the healthcare sector. In fact, Dubai Industrial Strategy 2030 pays special attention to “pharmaceuticals and medical equipment” and marks it as a top-six priority item.
From an investment perspective, the business opportunities in Dubai include opening a healthcare clinic, entering the health tourism sector, and more. The city’s unique way of integrating health and technology also holds massive potential for entrepreneurs.
The IT sector has shown unprecedented growth in the past decade. Be it edtech, fintech, or just pure application development – the numbers have been soaring high. You can also become a part of this flourishing sector by getting a professional licence in Dubai.
Note that you’ll need to secure a commercial licence if you want to indulge in hardware trading or other such activities. The UAE has lenient laws for freelancers too. Therefore, you can obtain a freelancer visa and work for your clients in Dubai.
Dubai Silicon Oasis (DSO) is an ideal choice for investors who want to launch their IT venture in a free zone. In addition, free economic zones like the Dubai Multi Commodities Centre (DMCC) and Fujairah Creative City Free Zone (FCC) also offer lucrative opportunities in IT.
The business experts at the Shuraa Dhaka branch help you incorporate your tech company in Dubai by handling documentation, licensing, banking, and everything else. Hence, get in touch with us, and we’ll manage the rest.
Dubai is the heartbeat of the UAE’s trading sector. The city enjoys a strategic geographic location that facilitates hassle-free trading across Asian and non-Asian countries. Textile is the second-largest trading sector in the UAE, the first being crude oil.
Therefore, this presents a lucrative opportunity to launch a textile trading company in Dubai for investors in Bangladesh. The key business activities for a textile firm include direct trading of garments, yarn trade, tents, curtains, etc.
The government continues to shower its support on the textile industry. A new free zone, called the Dubai Textile Village, is an exclusive free zone that caters to all your textile business requirements.
Overall, this industry offers a great investment opportunity to Bangladesh’s entrepreneurs who already have substantial knowledge of the textile business. Their experience, combined with Dubai’s profitable economy, can work wonders in the marketplace!
Food & Beverage (F&B)
The high influx of tourists in Dubai has had a massive impact on several industries. One such sector is food & beverage. Opening a restaurant or cafe in Dubai requires approvals from several authorities.
Therefore, get in touch with DTCM (Department of tourism and commerce marketing), and also secure approval from the concerned jurisdiction to obtain a food licence.
Moreover, ensure that you follow all the food code guidelines when you incorporate your foodstuff venture in Dubai. You can experiment with your menu, offer multicultural delicacies, run a theme-based eatery, and a lot more.
The idea is to establish a distinguishing factor that sets your food venture apart from the rest of your competition.
Top reasons to start a business in Dubai in 2022
You should definitely go ahead with your business idea in Dubai because investors enjoy a plethora of benefits in this region. Some of these advantages include:
Several tax exemptions
You don’t have to pay any personal or corporate taxes when you conduct your business activities in Dubai. In addition, there’s no taxation on profits and capital gains alongside hassle-free provisions for complete profit repatriation.
Complete business ownership
The latest amendments made to the Companies Law have introduced modified reforms for foreign business ownership in the UAE. Therefore, you no longer need to share your venture’s legal ownership with a local sponsor.
Instead, all you need is a reliable local service agent who’ll help you throughout the company formation process for an annual fee. Note that the LSA won’t have any shareholding in your company.
Diverse business opportunities
Unlike other economies, Dubai’s economy provides ample opportunities to investors in various sectors. Moreover, you also get the flexibility to set up your company in the mainland region, or in any of the free zones.
Diversified business opportunities empower you to target aggressive yet sustainable growth. In addition, it also gives you the window to explore different business sectors.
Set up your business in Dubai!
These were some of the best business opportunities in Dubai to start your company in the city of golden investment opportunities. Now, your next step is to connect with the company formation professionals at the Shuraa Dhaka branch and discuss your business aspirations.
Our advisors provide end-to-end business assistance from counselling to post-establishment support. Therefore, your business is in safe hands when you collaborate with us!