The nation of U.A.E offers some of the greatest business opportunities to budding entrepreneurs. If you are thinking about launching your venture in the U.A.E, and are looking for the right avenues of investment then the following article will prove to be helpful.
United Arab Emirates or UAE ranks amongst those potential destinations that support numerous business activities.
With some of the famous centres of trade and commerce such as Dubai and Sharjah, UAE offers great opportunities to potential business endeavours. Another unique aspect of this place is its booming market and economy. Business enthusiasts, entrepreneurs, and investors choose UAE, whenever they wish to launch a new company or establishment.
Although the nature of UAE’s business market provides ample opportunities to investors, there are quite a few aspects to consider. Before setting up a business in the UAE, entrepreneurs and owners will have to identify and unravel the various profitable avenues offered by the place.
If entrepreneurship is your forte and you have chosen UAE as the place to launch your business venture, the following article will prove to be useful.
Identifying business avenues and opportunities
While heading towards a business setup in the UAE, you will require identifying the most profitable avenues. Once you know where to invest, you will have the liberty to make necessary arrangements and search for crucial business resources.
Most importantly, your choice of the business avenue will determine your choice of human resources. Therefore, it happens to be the first and foremost task to perform. Check out the following business areas, and see what suits your passion and expertise.
I. Business setup 1: Tours and Travels
UAE is one of the most popular hubs of travel and tourism. With destinations such as Dubai, the place experiences a whopping 8% to 10% growth in the travel and tourism sector. Budding investors or business enthusiasts are increasingly choosing this destination for their business plans.
II. Business setup 2: Real Estate
Another potential area of business investment in UAE is Real Estate. The rapid influx of people in this area creates the demand for appropriate housing facilities. And it’s here that business investors find this particular avenue suitable for investment.
The high ROIs and strong infrastructure contribute to creating perfect opportunities for real estate businesses.
III. Business setup 3: Trading
Trading in Dubai is simple. The Dubai government opens arms to foreign investment. But, there are 2 things you should keep in mind before setting up business in Dubai. They are:
1. If your business is based out of the mainland, there has to be a local partner who holds majority of the interest legally.
2. You have to know the region well.
IV. Business setup 4: Service
Today, the city of Dubai has its focus on the service industry like never before. The city is also heavily focusing on developing the IT industry and the finance industry.
V. Business setup 5: Hospitality industry
With a vibrant social life, UAE offers some of the greatest opportunities to hospitality businesses. With Sharjah, Dubai, and several other cities emerging as some of the most happening destinations in the UAE, hoteliers and restaurateurs have the golden chance to generate huge revenues.
If you are planning for a business setup in the UAE, then the hospitality sector will be a profitable avenue.
Take note of these channels, and experience a successful business launch in the UAE.