Once you have a business idea that is poised to take the UAE market by storm, the next step is to ensure that you have a solid business model in place. It is advisable to have this outline before your company formation in Dubai. In layman’s terms, a business model serves as the blueprint for your company, outlining how your company will create, deliver, and capture value.  Your business model ultimately results in how your business generates income. The goal of any business is to create value, followed by the extraction of the compensation received from customers as a trade-off of what yo ..read more

After the UAE Government greenlit an initiative in 2018 that paved the way for citizens and residents to rent their properties on Airbnb, this niche sector has seen some impressive growth. A 2022 estimate ranked Dubai in 10th place with close to 16,000 active rentals on the platform comprising more than 7 million rentals across the world.  The fact that Dubai is one of the most popular holiday destinations in the world has a lot to do with the growth of the Airbnb market. This presents an exciting opportunity for entrepreneurs who seek to capitalize on this opportunity. If you’re looking ..read more

Pharmacies and drug stores are integral components of Dubai’s thriving healthcare system. Spanning across the region, these dispensaries collaborate to safeguard the well-being of both residents and visitors alike. If you’re considering entering this sector, it’s crucial to understand that this business falls under the jurisdiction of the Ministry of Health and Prevention (MOHAP), categorized as “Wholesale of other household goods.” Moreover, businesses holding this license must adhere to regulations set forth by the Dubai Municipality’s Department of Health and Public Safety. Operating within ..read more

Picture this, you’re a tourist visiting Dubai for the first time. As soon as you arrive and clear formalities, you pull out your phone, open an app, and make a few taps. Soon after, you’re behind the wheel of a rental car, ready to explore the vibrant city of Dubai. This is a reality for many tourists who seek to drive themselves around when visiting Dubai. In this digital age, this easy process of booking your rental car is made possible through a business activity categorized under 7710.86, known as “Using Electronic Media Smart Applications, or Any Other Means of Renting Vehicles.” Regulate ..read more

If one were to take a walk down the bustling streets of Dubai, you would certainly notice an array of dining options. From humble food trucks to Michelin Star restaurants, Dubai has something for everyone when it comes to dining options. These establishments make up the heart and soul of Dubai’s food industry. Falling under business activity 5610 “Restaurants and mobile food service activities”, these establishments offer everything from traditional sit-down meals to grab-and-go options along sidewalks. If you’re looking to set up a venture of your own within this industry, see below for a lis ..read more

In the thriving business landscape of Dubai, Aircraft Spare Parts & Components Trading represents yet another highly specialized sector where entrepreneurs can expect significant returns. Falling under the category of “Other retail sale of new goods in specialized stores”, Aircraft Spare Parts & Components Trading falls under the purview and regulation of the Department of Economic Development (DED). Aircraft Spare Parts & Components Traders actively engage in the sale and distribution of components and machinery needed for the maintenance and operation of aircraft. Given that Duba ..read more

In recent times, Dubai has seen exponential growth in its property market which is dotted with real estate projects composed of commercial spaces, towering skyscrapers, and gated communities. This has led to the role of a commercial broker becoming an integral part of the real estate market. Commercial brokers bridge the gap between property owners and prospective tenants, ensuring that their clients find the ideal space for themselves. The process of buying, selling, or leasing a property in Dubai is an intricate process that is simplified by the commercial broker who ensures that all the nec ..read more

Dubai’s strategic position at the crossroads of the East and West has resulted in the Emirate becoming one of the most important hubs for the maritime transport of goods from all corners of the world. At the heart of Dubai’s complex transshipment processes lies the important role of stevedores. Often referred to as cargo handling or dockwork, stevedoring is all about the complex process of loading and unloading ships, making it a key facet of the global supply chain. If you seek to set up a stevedoring operation in Dubai, it’s important to understand that this is a challenging business model w ..read more

To ensure that your entrepreneurial journey does not stray away from your desired business goals, it’s essential to have a business plan. Think of your plan as a trusted map that assists you in understanding which decisions to make, to end up at the outcome that you want. Any journey without a map will likely end up in a series of detours that may eventually lead to you losing your way. The same is true for your business journey in Dubai. Statistics show that business owners with well-thought-out business plans enjoy growth that is 30% more than those without a plan. Building on this idea, 71 ..read more

So your business in Dubai is up and running and is slowly but surely on its way to generating the profits and success that you had envisioned all along. However, the task of staying compliant needs constant attention and your trade license will most likely be the first of many licenses that will need renewal. Trade license renewal will ensure the legal continuity of your business in Dubai, regardless of its size or industry. If your trade license is about to expire, read on to find out everything you need to know about this simple process. TRADE LICENSE RENEWAL PROCESS IN DUBAI The process of ..read more