Low Cost Business Setup In Dubai, UAE
If you are a foreign investor who wants to start a Low-Cost Business Setup in Dubai, UAE then you can register your company in the mainland (onshore), in a free zone (self-regulated area within an emirate), or offshore.
Working with BizTrack enables you to gain a comprehensive understanding of your options before choosing where and how to establish your company’s presence in the UAE. We help in establishing your low-cost business setup in Dubai, UAE in the most seamless and effective manner.
Successful Business Setup in Dubai
Some of the primary benefits of establishing a mainland low-cost business setup in Dubai, UAE include:
• The freedom to choose premises in any area of Dubai
• The ability to conduct a wide range of business activities
• The freedom to trade anywhere in the UAE or outside the country
According to UAE company law, a mainland company requires a local partner or a local service agent to carry on the process of establishing a low-cost business setup in Dubai.
BUSINESS FORMATION LLC Sponsorship
To make sure that the process of establishing a low-cost business setup in Dubai, UAE is easy for you, BizTrack provides a premier corporate nominee to act as your 51% local sponsor in Dubai.
BizTrack gives you 100% financial and operational control, whilst protecting your shareholder rights in your LLC Company. The agreements and documents used are drafted by first-tier legal counsel, and they have been tried and tested for nearly 10 years and adapted over time to remain suitable.
We believe our corporate nominee is the best available product in the market. Our sponsorship services will provide you with all the documentation to protect your business and secure the financial rights of your company so that the process of forming a low-cost business setup in Dubai, UAE is seamless for you.
One Stop for Business Setup in Dubai
Operating in Dubai since 2009, our team of over 100 employees offers the combined resources necessary to deliver consistent support needed for company formation, license renewal, visa services, and much more.
We are truly a one-stop shop if you are interested in a low-cost business setup in Dubai, UAE and our clients appreciate having a dedicated relationship manager to assist with all their corporate services needs.
In addition to LLC companies, our team can assist you in establishing any of the below entities in the UAE Mainland.
Options for Low-Cost Business Setup in Dubai:
- Representative Office
- Sole Establishment
- Civil Company
Ideas for Business Setup in Dubai You Can Start Tomorrow:
Many people dream of building their own business setup in Dubai because the start-up cost deters many. Here are nine business ideas from industry experts that you can start tomorrow if you wish to.
What types of businesses are a good fit for consulting? When?
Fortunately, not all businesses require a large capital investment to get off the ground. Small business ideas can lead to successful ventures and that too with a relatively small investment.
An Intuit survey found that 64% of small businesses start with $10,000 or less and 75 percent of business owners rely on their savings to launch. In some cases, you could start a business for as little as $100, plus your time, energy, and relentless dedication.
If you’re worried about losing your investment (no matter how small), you can set your mind at ease: You’re more likely to succeed if you are dedicated to the idea. All you need is a vision and a willingness to launch a low-cost business setup in Dubai, UAE and all other things will fall in place.
Low-Cost Business Setup in Dubai, UAE
There’s an impressive precedent for success among businesses that started on a shoestring budget. Jeff Bezos founded Amazon in 1994 as an online bookstore shipping books out of his garage. The e-commerce giant raked in more than $2 billion in profit in 2018.
In 2000, Sara Blakely invested $5,000 into product research and development for Spanx pantyhose. By 2014, the company was generating over $250 million.
So if you have a business idea then starting at a low cost is probably the best thing that you can do to make it successful. By putting in some effort, you can easily make your low cost business setup in Dubai, UAE successful.
While you don’t have to spend a lot of money to launch a business, you will need to devote a lot of time and energy to get it off the ground.
A 2017 Fundera study found 81% of business owners work nights and 89% of them work weekends. Although the business owners of low cost business setup in Dubai, UAE work longer hours than the average population, they seem to love it. The same survey revealed that only 8% of business owners regret starting their business.
Free and Consulting Options for Your Small Business
Small businesses use business consultants to grow faster and add more jobs than those that don’t. So if you have an idea for a low cost business setup in Dubai, UAE, you can put it to use instantly and even stay in business for a long time.
The cost which can run into hundreds or thousands of dollars for a single project puts for-profit consultants out of reach for many small business owners. There is an alternative: Free business consultants and mentors available through a national public-private ecosystem that your small company can tap into.
It’s a web of support created by government agencies, nonprofits, universities, community colleges, and corporate donors. Their goal is to help your small business grow so you can help the economy grow. Advice is available for every stage of your business from pre-startup through launch and into the challenges faced by existing companies and onto mergers and acquisition advice.
Volunteer business professionals, retired executives, and subject experts can offer you a wide range of guidance on management, marketing, and financial topics. We’ve put together a list of the main players that offer free consulting resources to help your small business succeed.
Teaching & Consulting Low Business Setup In Dubai, UAE
Before you finally open your business doors, the consultants can help vet and develop your business idea, guide your market research efforts and also walk you through getting business licenses or permits that you might need.
You can get help with business planning or technology commercialization, among other topics. We also offer pre-loan preparation and business training. For example, entrepreneurs who complete the Business Start-Up Certificate program offered by the Chicago Small Business Center can apply for low-interest, no-fee Entrepreneur Loans from Private Bank.
New entrepreneurs: You can boost your skills with help on business and management basics while also learning to leverage social media and manage cash flow.
To ensure that your low cost business setup in Dubai, UAE becomes successful, the centre also offers industry-specific workshops or courses, such as Retailing 101 and Strong Foundation for Successful Restaurants.
You can also advise consultants on human resources best practices, government contracts, exporting, or how to find expansion and growth capital.
Ideas With High-Profit Low Cost Business Setup In Dubai
Business owners enhance their clients’ lives by imparting knowledge of a particular skill set, whether it’s related to their personal or professional lives. This list of business ideas is for veterans of the relevant industries who are looking to change pace and pass on their wisdom.
Acting Classes Business:
This is a popular low-cost business setup in Dubai, UAE that is for dedicated actors or directors in the performance industry, so you will need at least a few connections within the business.
Students will only want to enlist in your courses if you have some kind of credible performance reputation, but you’ll also need the teaching chops to instruct a class of acting hopefuls.
If you don’t have one already, you’ll need to rent or buy a proper space for teaching, including a room the class can walk, run, or deliver dramatic monologues in.
A small management and registration staff may be required as your business grows, but by some accounts, you can charge around $500 per student for eight weeks of classes at a rate of three hours per week.
Art Consulting Business:
Consultants in this business are art enthusiasts who work with both artists and collectors to get the right art to the right folks.
Due to the huge variety of artistic tastes and styles, this is a career for people with extensive artistic backgrounds, from practising artists to formally educated graduates with advanced art history degrees.
Ideally, you will want a presence within artists’ networks to connect with gallery directors and collectors. In terms of cost and compensation, a consultant will only need to maintain a professional website, and you will earn via commission, accepting 10%-15% of the art they buy or sell.
Art Lessons Business:
The world of art is fiercely competitive. Although art appreciation is subjective, you will nearly always need a sizable foundation of natural artistic skill to make a name for yourself.
But teaching side gigs can help, so that’s why some artists advertise themselves as teachers.
You can instruct in small groups or tutor individual students, but the demographic is up to you, depending on whether you prefer to instruct adults or children.
Between a few necessary ongoing costs (students can bring their supplies and undergo lessons in your home) and a standard teaching fee of $40-$100 per hour, a growing art lessons business has the potential to earn you quite a bit.
Since relationship coaching is a form of therapy, building this business will require solid listening skills and an advanced degree in Psychology. Some couples you’ll be working with will be attempting to repair a failing marriage, while others may simply be trying to hone their communication strategies.
Either way, due mainly to student loans, this one can be pricey to jump into. Business once you have the degree and the counseling license under your belt, it’s not unusual to make about $130 per hour during a single session.
Home Tutoring Business:
This is one of many low-cost business setup ideas in Dubai, UAE that has been on the rise. A current or former teacher who identifies as a “people person” is the ideal fit for this job.
Many tutors end up with a customer base made up exclusively of children, so it helps to be good with kids. You’ll want to spend time between sessions reviewing your next student’s progress and preparing for their upcoming lesson.
Self-organization and motivation are key in this job, so profitability depends on your work ethic and how quickly your business grows.
Personal Training Business:
To earn a client’s confidence, a personal trainer should be a walking advertisement for their successful diet and exercise regimen.
You’ll be developing individualized sessions for your customers, taking note of their goals, and cross-referencing those with optimal dietary advice and physical activity.
On average, personal trainers make $50,000 per year, but steady customer flow and dedication could see that price rise even higher.
You may need to put forth an initial effort for your personal training in a low-cost business setup in Dubai, UAE for acquiring a certification, plus $1,000 for advertising and a few hundred for liability insurance.
10 Unique Ideas for Low-Cost Business Setup in UAE
If you are knowledgeable and passionate about a specific topic (like business, social media, marketing, human resources, leadership, or communication), consulting can be a lucrative option as a low-cost business setup in UAE. You can start a consulting business on your own, then grow your business and hire other consultants over time.
- Online Reselling
Those passionate about clothing and/or sales may consider starting an online reseller business. Although it takes time and dedication – and an eye for fashion – you can start as a side hustle and turn into a full-time resale business. You could start by using online store websites like Poshmark and Mercari to sell your unwanted clothing, then expand to your own resale website. This is a great idea for a business setup in Dubai.
- Online Teaching
There is a massive demand for online education that has managed to open many possibilities for entrepreneurs. Since this is an online venture, you can choose any subject you are knowledgeable about and teach a course regardless of your location. If you don’t have advanced knowledge in any particular subject, consider teaching English as a foreign language online to students overseas.
- Online Bookkeeping
As with education, technology allows many bookkeeping services to be performed online. If you are an accountant or bookkeeper who wants the freedom and autonomy of running your own business, take advantage of modern technology to start your own online bookkeeping service. If you work hard for this business then this can turn out as an excellent low-cost business setup in Dubai, UAE.
- Medical Courier Service
If you have a reliable vehicle and good time management skills, consider creating your own courier service – more specifically, a medical courier service. As a driver, you would be responsible for transporting medical items like lab specimens, prescription drugs and equipment. You could start your courier business on your own, or hire other drivers to work for you.
- App Development
If you are knowledgeable and experienced in technology, you may want to consider a career in app development. This is again one of the most popular business ideas for a low-cost business setup in Dubai, UAE. Smartphones are an everyday accessory for many Americans, which has increased the demand for mobile apps. Similarly, virtual reality software has become popular in recent years, so there is also a demand for VR app development.
- Transcription Service
If you have a good ear and can type quickly, a transcription service would allow you to work from home with a flexible schedule. Medical transcription services are especially needed as voice recognition technology proliferates for healthcare provider dictation. If you’re not looking to start all at once, or if you have a day job you would like to keep, for the time being, you can accept as few or as many transcription jobs as you’d like. To boost your business prospects and justify charging more, consider becoming a certified transcriptionist and delving into a few specialties.
Medical transcriptionists typically charge 6 to 14 cents per line of transcription, which adds up quickly. The typical turnaround time for transcription work is 24 hours, so it’s important to stay on top of the jobs you accept. However, the flexibility to accept only a few requests at first means you can scale up as you are ready. Best of all, there is very little startup cost and overhead. You only need a computer, the appropriate software, and a secure messaging service.
- Professional Organizing
Another one of the ideas for low cost business setup in Dubai, UAE is becoming a professional organizer. You can help people declutter and minimize for a living. In an age of materialism, many people are desperate to downsize and take control of their possessions. Minimalism is becoming extremely popular, but people often find it hard to part with things they’ve owned for a long time. Part of being a professional organizer is helping clients develop a system for downsizing.
If you’re a highly organized person who enjoys making spaces functional and comfortable, you might be good at coaching others to do the same. People will pay you to help them devise a method of minimizing their possessions and maintaining an organized space. To promote your business, ask if your clients will let you take before and after photos of the areas of their homes you’ve organized, and use those to create a portfolio that you can put on social media to attract more clients.
- Cleaning Service
If you like to clean, you can easily turn that into a business. With a few staff members, a host of cleaning supplies, and transportation, you can offer cleaning services to homeowners, apartment complexes and commercial properties. Cleaning services are straightforward businesses that require relatively little overhead; you simply need planning, dedication, and marketing to attract customers.
If you’re looking to differentiate yourself from other cleaning services, consider adding premium options like floor waxing or exterior power washing for an additional fee. These services could be the deciding factor between your new cleaning service and seasoned companies that maintain too large a client list to provide that level of cleaning. Once you work on this idea, it has the potential to turn into a successful low-cost business setup in Dubai, UAE.
- Home Care Service
A background in care and hospitality can go a long way to supporting housebound seniors who require in-home care. It’s also a service for which demand is only going to grow. According to the National Institute on Aging, between 2010 and 2050, the 85-and-over population is projected to increase 351% globally, and the global number of centenarians (those over age 100) is projected to increase tenfold. Many will need care and assistance, often in their own homes.
Luckily, you don’t need a background in healthcare to help seniors and grow a successful business at the same time, although those skills will be in demand as well. Many seniors need help with all kinds of tasks, like errands or repairs around the house. With some experience, you could consider growing your business to help seniors transition from their homes to assisted living facilities, offering services such as packing, transporting, setting up, or storing their furniture and possessions.