The food business is known as one of the profitable companies across the world. When it comes to Dubai, it is the place for delicious food from different cuisine all over the Middle East. One of the significant reasons why people travel to places in Dubai is that it has the taste of world cuisine which will definitely excite the taste buds of visitors across the world and that continuously enrich their travelling experience. Over 2000 restaurants have opened up in Dubai in the last one and a half years alone. Dubai is known as the food city of the UAE. The foods in this city are another factor that drives the attention of tourists from all over the world. Dubai food city is meant for wholesale food merchants and merchandisers and is estimated to cost US$200 million.
The competition in the UAE’s food & beverage market is getting higher day by day. The UAE, in particular, Dubai, has made itself a major destination in the Middle for the food & beverage industry driving attraction of both foreign direct investment (FDI) and also local companies. Expo 2020 and other global events in Dubai are going to bring a tremendous opportunity for the restaurant business. The reasons for a positive outlook as the country continues to evolve as a tourist destination.
Upcoming Opportunities in Dubai
There are some of the upcoming opportunities in the field of the restaurant business.
Dubai’s Mandarin Oriental to Start in 2019
Among the eight restaurants from famous Portuguese chef Josè AvillezTasca, the first Middle Eastern restaurant Designed magnificently with a “Californian Aesthetic,” expect wooden flooring, warm colours reflecting is all set to serve its customer in Dubai’s Mandarin Oriental Jumeira at the beginning of 2019.
Heston Blumenthal to Open in 2019
World-class chef Heston Blumenthal opening his fancy restaurant business by Heston Blumenthal will be located in the Royal Atlantis Resort & Residences, with the restaurant in 2019. The restaurant is going to offer contemporary dishes inspired by historic, gastronomic recipes dating back to the 1300s.
It is the be the third outpost of the culinary concept developed by Michelin-star chef after London and Melbourne and first named restaurant to open in the property.
With the increasing number of tourists every year the hospitality sector, as well as the restaurant business, are growing at a frantic pace. Expo 2020 Dubai will provide many opportunities in the food and beverage industry with an equal opportunity given to many food companies and suppliers across the world. The value of potential food and beverage sales during the Expo is estimated at over AED 2 billion from over 200 food outlets spread across the venue. It is estimated that, on average, 85,000 meals will be served every hour! Followings are the food business that is going to be highly affected by this mega event.
Types of Food Industries in Dubai
When we see the food industries in Dubai. Some of the known services of the food industry include
- Hotels
- Restaurants
- Bakeries
- Cafeteria and cafes
- Butcheries
- All grocery stores and supermarket
- Food factories and warehouses
- Food packing material and their manufacturers and suppliers
- Foodservice operators who serve in schools and hospitals
- Food catering services
- Supplies sent to the cruise ship, desert camps, and events
Advantages of Setting up Restaurant Business in Dubai
Dubai is known as the commercial hub in the middle east region. Investors from all over the world are investing their capital in this city because of its enormous resources. Apart from the resources part, there are many benefits to setting up a business in Dubai. When it comes to the restaurant business there are some more advantages that you can consider
●Tax Feasibility
Dubai is considered as the tax flexible zone or tax-free zone as the business investors have to pay only the corporate tax, not any individual income tax. The tax-free policy has been made by the government to drive the attraction of all those investors who want to set their business incorporation.
●The Tourist Attraction
Dubai is a luxurious city in the UAE because of its huge tourist attractions. Visitors across the world come to Dubai for its magnificent tourist place. Another significant thing what they want is food from different cuisine all over the world. Restaurant business setting up in Dubai will be a beneficial business for businesspersons who want to set the food industry in Dubai.
●Partnership Perk with Local Emirate
The business person can choose either to take over 100% ownership or partnership with local Emirate, with 51% of stakes owned by the local sponsor. There are no strict rules for foreign investors in this city. It’s completely the businessperson’s choice if they want to be the owner of their own business or can make local partners.
Wrap Up
We at Commitbiz is all set to assist you in setting up your business venture. If you want to know more about the food business in Dubai, or business corporation starting from the registration, licensing and document verification, Contact us to get all the information regarding our company services. We would be glad to help you with your business incorporation.
