Ongoing and aspiring reforms in Dubai, leading up to Dubai Expo 2020 have made it easy for investors and business owners for setting up a business in Dubai. Dubai has consistently been climbing the ranks as a global commercial capital and with belligerent legal reforms to boost foreign investment, such as implementing long-term visas and introducing free zones, which eases business operations for foreign owners.
Are you looking forward to setting up a kids' amusement arcade in Dubai? Setting up a business in Dubai Mainland is now much quicker and easier. As per DED(Department of Economic Development), it aims at helping business owners start and expand their operations without the need for lengthy processes and administration.
Kids arcade license is being issued in Dubai mainland. It has to be registered with the Department of Economic Development (DED) in Dubai. Dubai is the perfect place for setting up your business, leading up the Expo 2020.
Let us know the reasons for which Dubai stands out as the best place for business setup.
Reasons For Setting up an Amusement Park Business in Dubai
The investors who want to invest in the Middle-East Region are looking forward to setting up a business in Dubai.
Dubai ranks 8th in the world amongst the top global commercial centres in The Global Financial Centres Index (GFCI). All the investors also look forward to setting up a company in Dubai.
Hence, it is absolutely suitable for you to start your firm in Dubai, leading up to Dubai World Expo 2020
The government of the UAE has put in a lot of effort towards building a business-oriented ecosystem. Foreign investors succeed in huge tax profits. Dubai has only a 5% VAT, which is one of the lowest rates attracting plenty of firms that facilitates company formation in Dubai.
Dubai is considered to be a safe and crime-free city. This city is exempt from communal riots and agitation. Dubai ranked 19th in the world amongst the safest cities. It had the highest ranking in the middle east in the criteria of lowest risk cities. Hence, it is perfect for you to start your firm in Dubai, with the Expo 2020 coming ahead.
Logistics and Infrastructure
Dubai has a vital position in international trading and transport logistics. It has the advantage of its innate strategic location on the globe. Due to its beautiful geographical location, Dubai is considered to be the gateway to the world's most accelerating markets, including Africa, India, and China. Thus, it is a wonderful option for you to start a firm in Dubai.
Wide Gates to International Markets
With ports and an abundant workforce, businesses in Dubai find it easier to grow and access different markets around the world with zero levels of bureaucracy. The Expo 2020 S&P Global’s forecast is that The GDP of Dubai would increase at a minimum rate of 2.5% per year until Expo 2022 Dubai, especially from economic activity associated with Dubai Expo 2020, is highly encouraging. Expo 2020 is also expected to uplift tourism in Dubai, cascading consumer spending, consequently reviving the growth.
The need for a Professional License for an Amusement Park
Any Business which is service-based rather than selling or buying a specific product, then you need to have a Professional License issued from the Department of Economic Development in Dubai.
A Professional license can be 100% overseas owned without the need for local shareholding. However, a professional license still needs a Local Service Agent (LSA). The LSA must be a UAE national who is your sponsor for residency visas.
Professional License falls into a number of activity groups, ranging from business support services to entertainment and artistic performance as well as sports training services. The Kids Amusement Arcade falls under Professional License.
A Professional License is that it has boundless liability to the owner. As the owner of the professional license, you could be answerable to any debts that the company gives rise to, and creditors will mostly be able to take your personal assets in an attempt to recuperate their losses.
- You must file for opening approval with the Department of Economic (DED)
- You must Choose the trade name for the company
- After having chosen the trade name, pay the registration fees
- Rent and office space
- Then Submit all the documents with the forms filled and authenticated and attested for final approval from DED.
If you are well-acquainted with the regional trends and associated factors, you are going to attain success in setting up a business in Dubai, in the lead up to Dubai Expo 2020. Dubai Business Services not only provides you exclusive services to get a license, but our expert consultants will definitely help you in understanding the market before starting your operations.
We, at Commitbiz, have been one of the business consultant players in the UAE region. We provide services for companies and business people interested in establishing their progress in the UAE. If you have any queries related to establishing your company, you can contact us.
With us, you get all the necessary information required for Kids Amusement Arcade Dubai Company Formation.
Which are the Top amusement parks in Dubai?
These are the 5 most popular amusement parks in Dubai, UAE -
- Wow Kids Amusement Arcade
- Play Ville Dubai
- Happy Baby Kids Amusement Arcade
- Lala land Kids Amusement Arcade
- Fun Adventure Kids Amusement Arcade
Which are the best 5 Arcade Games centers in Dubai?
Here are the Top 5 Dubai arcade games places for you -
- Brass Monkey
- Dubai Bowling Centre
- Magic Planet
- VR Park
- Wave House
Which is the Biggest amusement park in Dubai?
Zabeel Park is the largest amusement park in Dubai, UAE.
Which are the best Arcade games in Dubai?
- Pac Man
- Donkey Kong
- Space Invaders
These are the most popular arcade games.