Dubai is not only a lovely place for tourists, but it also allows entrepreneurs and people in business from all over the world to enter the country and set up their business. Supported by the government, the middle east has become a breeding ground for entrepreneurs and Dubai provides all the amenities needed for a budding business. Due to the rich cultural heritage of the country and the various shopping festivals, there has been a gradual increase in visitor's footfalls.
Reasons to Setup a Tourism Business in Dubai
There are many reasons which will affect your decision of setting up a tourism company in Dubai, such as:
Lenient Visa Requirement
Every tourist will agree that acquiring a visa is one of the most challenging parts of travelling. This is the reason that the number of tourists that visit a country is comparatively less. To combat this situation, the Government of UAE has made its visa policy very flexible. At many places, we have e-visa facility, and also some of the airports have a multi entries visa option. Moreover, the residents of the GCC area need not have a visa to travel into GCC states.
Booming Hospitality Sector
According to a study which was ordered by the Department of Tourism and Commerce (Dubai Tourism), the room supply of the Emirate of Dubai will reach 132,000 by the end of the year and by the end of 2020, this number will increase by more 25,000 rooms.
Despite this growth, the occupancy levels are still stable, which means that there has been a visible increase in the number of tourists in the country.
Whenever the name Dubai is uttered, the first picture that comes to our mind is the tallest human-made building, Burj Khalifa. Dubai is well known for its architecture and towering skyscrapers. There is the presence of many iconic buildings and human-made islands such as Palm Diera, Palm Jumeirah, Palm Jabel Ali. The construction of an artificial island called The Dubai World has been commenced, and it will be the biggest human-made island on the earth.
Dubai is connected to the world through a network of waterways and airways. Being situated at the confluence of the eastern and western hemisphere, Dubai witnesses a considerable amount of tourists which are increasing every day in numbers.
The focus of the Government
Dubai is a tourist hub, and the government of the UAE has understood this. As the government wants to remove its focus from the oil and gas sector and diversify the economy, it is trying to concentrate its efforts on the other areas such as hospitality and tourism. The government has left no stone unturned and has initiated various strategies to develop the tourism sector.
Digitalization and Technological Advancements
The digitalization and the increase in technology plays a massive part in the rise of the tourism sector. In the old days, booking a ticket to any different country will be considered as a big project. It would take days, even months to get a visa, bus now the scenario has changed. With the increase in technology, the time taken to get tickets book or to apply for a visa has been drastically reduced.
The increase in technology has helped the tourism sector as now there are better and faster ways to visit new places and the chances of any mishap to occur in between are drastically low.
The World Expo 2020 will be a grand spectacle, and it will play a key role in paving the way for a better future of travel and tourism in the Middle East. The country will see much traffic of tourists because of the Expo, which means that there have to be arrangements for the tourists to reside. The increase in the number of hotel rooms are phenomenal, and more hotels and rooms are coming. There will be traffic of almost 20 million visitors out of which nearly 70% of the people will be foreigners.
The reasons as mentioned above, should be enough to convince you that setting up a tourism and travel business will be a very profitable option.
The procedure for Setting up a Travel Company in Dubai
Before setting up a travel business, you should be very careful as the government regulates this sector, and you must adhere to all the rules and regulation specified by the government. The steps to form a travel company are given below:
1.Decide upon an Activity
First of all, you need to understand what sort of tourism activity you will conduct. There are different types of activities that you can follow depending upon the various markets it wants to access. You can choose from being a travel agency agent, inbound tour operator or an outbound tour operator.
2.Give a name to your Company
Choosing the name of the company is very important as the company will be known by this name in the future. In certain countries, there is a specific restriction concerning names that need to be given to a company.
3.Apply for a Business License
The management needs to submit the required documentation to the Department of Economic Development to receive a business license. This is the basic license which is required by every company irrespective of the industry.
4.Apply for a Tourism License
After acquiring the business license, the management of the company needs to apply for the additional license according to the business activity which has been chosen.
The visa of the employee should be applied for as soon as possible after the arrival of the employee in the country. Within 30 days he should receive an entry or a tourist visa. After the issuance of the visa, the employee can perform an ‘in-country-status-change'.
6.Open a Corporate Bank Account
To keep a separate identity, it is necessary for the business to open up a corporate bank account. This bank account will solidify the company’s status as a separate entity.
In the end, we can gather that the time is very right for setting up a travel and tourism company in the Middle East, especially Dubai. We at “Commitbiz” will help you in setting up a company and preparing all the documents that will be necessary for the business in Dubai. The various other activities of “Commitbiz” will ensure that your company will achieve great heights of success. For more details, contact us – we’d be happy to help.