What business sectors are thriving in Dubai?

Starting your business in Dubai is not something to be taken lightly. If you want your project to be a resounding success, it is important to take the time to learn, even before beginning the company registration process, about the business sectors that are thriving in the United Arab Emirates, and more particularly in Dubai.

The business sectors thriving in Dubai

  The United Arab Emirates is experiencing economic growth that is the envy of many entrepreneurs. But if you look more closely, some business sectors perform better than others in Dubai. If you wish to set up your company in Dubai, it may therefore be worthwhile to learn about these business sectors to ensure that your company has every chance of prospering in the United Arab Emirates. Let’s take a look at the business sectors that are thriving in Dubai:

• The services sector is booming in the United Arab Emirates. Companies specializing in high technology and IT are particularly likely to thrive in Dubai.
• Trade has always been part of the DNA of the United Arab Emirates! It is therefore no surprise that import-export activities are also developing so successfully in the country.
• Real estate and construction are also a safe bet in the United Arab Emirates. Major construction projects begin every day, particularly in Dubai.
• Finally, the restaurant, hospitality, and medical sectors also offer excellent opportunities.

 

A trading or consulting license for your free-zone company?

  As we explain on our website and in other articles on this blog, Dubai is not an ideal destination for those who want to set up an offshore company. Indeed, the United Arab Emirates places great importance on the economic substance of companies established on its territory. This was already the case before, but a law was even enacted in 2019 to formalize this reality. Our firm therefore prefers to help entrepreneurs who are from an OECD country or who do business with the OECD to set up a free-zone company in Dubai. With this company, you have 2 main license options for your activities in the United Arab Emirates:

• Trading, in other words, activities related to import-export
• Consulting, in other words, activities related to the provision of services

This therefore gives you a multitude of possibilities, particularly in the consulting sector. Whether you are interested in a trading or consulting company, the support of a corporate service provider is essential. Depending on the specifics of your project, we can advise you on a secure structure, enabling you to launch and develop your business in Dubai under optimal conditions. Depending on the business sector targeted, you will not necessarily need to choose the same package either. Here again, we can advise you so that registering and managing your company remain as simple as possible for you.

What if I am not planning to go into trading or consulting?

Do you have a business project that does not fall within the scope of trading or consulting? We invite you to contact us. We can discuss your project and find the best solution for your company. Of course, your project to set up a company in the United Arab Emirates may be somewhat more complex to implement. However, it is not necessarily impossible. The strength of our firm lies in taking the specifics of each project into account in order to propose the most suitable solutions. After all, your project is unique. We will therefore handle it with all the individuality it deserves. If you have any questions or are hesitant about starting a business in Dubai, do not hesitate to contact one of our advisers: we are here to help you prosper in the United Arab Emirates.