It is a known fact that the United Arab Emirates is one of the best places in the world to do business. It is one of the leading destinations for SMEs and investors to set up a company in one of its seven Emirates.
For a long time, Dubai has been a business hub in the UAE, and Sharjah connected directly to it also provided lots of opportunities to this Emirate. With constant efforts from the government, the wealthy business grounds are now expanding faster in Abu Dhabi and Ras Al Khaimah as well.
Why Start a Company in Abu Dhabi?
The annual per capita GDP of this Emirate is higher in comparison with other cities. Besides, Abu Dhabi is one of the safest places in the world as the number of minor crimes and misdemeanours is deficient, and felonies are few and far between. Because Abu Dhabi is known for its luxury and ease of life, quite a lot of businesses can flourish in the city to further ease the lives of citizens. Apart from this, here are a few reasons to establish your business in Abu Dhabi –
- A modern and cosmopolitan city connecting Asia, Africa, and Europe
- Significant investment from the government in different sectors for a boost
- Access to several domestic banks as well as leading financial institutions
- Initiatives like Abu Dhabi Vision 2030 to build for the future
- The hassle-free and easy business setup procedure
- State-of-art infrastructure and a booming economy
The guidelines and the business environment as a whole encourage startups; however, some fields may find the setup and licensing fees relatively higher. So, the best idea is to look for business ideas that are in high demand and do not involve any massive structure and licensing fees.
We provide you with five best business opportunities one can tap in Abu Dhabi.
1.Restaurant / Café
Significant disposable income and good purchasing power make it easier for people in the UAE to dine out frequently. A small café or restaurant targeted to a specific or a mixture of different cuisines can prove to be a good return on investment.
Thousands of business in Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah and other Emirates need a skilled worker. However, the sped-up business scenario doesn’t allow them to do the widespread recruitment procedure on their own. This is where they need the help of recruitment agencies.
The people in the UAE are wealthier past your imaginations; you might not have known the fact that Abu Dhabi is the world’s most prosperous city. Well, the crux is that people with so much money have bought so many properties that they cannot manage them on their own.
4.Cleaning / Maid Services
Abu Dhabi is a posh city where every home you see is shining bright, and everything is well maintained. For holding the cleanliness and the high standards, there is an incessant requirement for house cleaning services in the houses as well as in the corporate and commercial area. You can invest and start a house cleaning company with a little bit of investment in the beginning, as there is a need for human capital and precise machinery.
Abu Dhabi is a big vacationer destination, and it seems a lot of tourists every year. The travel sector is though already advanced, but coming up with some thrilling offers like overseas tours for residents, exotic resort deals, luxury travel on discounts, cruise deals and similar stuff, you can create room for your company to come and grab the market.
So you have many low-cost business ideas that can work great in the United Arab Emirates but keep in mind that the success and the profitability depend on how well you do it. If you do not put in enough time or effort, you may end up losing it!
Hard work with smart choices is the recipe for success not just in the UAE, but anywhere in the world!
Commitbiz at your Service
We at Commitbiz Management Consultants help entrepreneurs start their business in the United Arab Emirates. Our expertise and years of experience in this sector make us one of the best consultancy firms in the country. Contact us today and get to know more. We’d be happy to assist you.