According to the Entrepreneur, two out of three companies start a small business from their bedroom or garage. Big companies like Apple and Amazon started like this, at least. Whether you have a garage or not, as long as you have a business dream you want to conquer – you’re in the right place. Dubai is a global startup incubator with hundreds of new companies set up here. In this blog, we explore home-based business setups in Dubai.
The catalyst behind Dubai’s immense growth over the past few years has been its culture and diversity of all demographics and countries. It is the country’s proactive policymaking and state-of-the-art business facilities that make it an ideal business setup location.
The demand for home business licenses and the creation of home-based enterprises in Dubai is booming. There are numerous profitable home-based business ideas in Dubai that can help you discover the true entrepreneur in you.
Some top home-based business ideas in Dubai:
- Online counseling
- Social media marketing or management
- Handmade crafts
- Home bakery or any food service
Advantages of getting a business license in Dubai:
Starting a business in Dubai is an easy and straightforward task with multiple perks if done rightly so. However, with the right guidance and assistance, business setup in Dubai will be a piece of cake. The following are the benefits of launching a home-based career in Dubai.
It can be hard working in teams for some people. Managers and micro-managers can make collaboration tedious. When you choose to set up your own business from home, you get to pick the projects you like and choose your own deadlines. What’s better than being your own boss?
Having your own business gives you the reliability to start and end working hours as you like from your favorite spot. In your space and your comfort level. You don’t have to worry about the 9-5 grind or being stuck in traffic.
- Flexible schedule
You can enjoy your own schedule and manage your time accordingly when you are your own boss. Being flexible allows room for productivity and time-management skills.
- 100% foreign ownership
One of the best parts of owning a business in Dubai is that you can own all of it. Especially due to the recent changes in the laws, foreign entrepreneurs can own their businesses with 100% control on finances and business decisions.
Dubai provides you with the utmost comfortable company formation experience. Flexible operations, affordable business setup packages, and the protection of investors make Dubai an ideal business hub. However, business setup and company formation in Dubai can become tedious and time-taking, if one is not aware of the paperwork and licensing procedures. Thus, consulting business setup experts make this process a lot faster and smoother.
Requirements of Setting up at home in Dubai:
- Establishment card from the Federal Authority of Identity and Citizenship (FAIC)
- Registration in the Chamber of Commerce and Ministry of Human Resources and Emiratisation
- Trade license renewal
- Hire at least up to 3 employees + work permits
- Business name
Criteria of trade license registration:
- A startup should be based in Dubai
- The owner should be 21 years of age
- Complete the Emirates ID process
- More than one trade license
- The owner/trader is allowed 10 activities per license
- The DED trader license is valid for one year and is renewable.
- Changes to activity, trade name, and social media accounts can be made upon request
- Activity, trade name, and social media accounts can be changed as per request
With the Department of Economic Development’s guidance, online business in the UAE is now more accessible. Considering the opportunities to invest in experts might benefit your company’s setup and growth in Dubai. If you are a competent individual looking to start a business in Dubai, now is the opportunity to establish your own small-scale business community.
The population of Dubai is also on a constant rise, as the population grows, so will corporate activity and, ultimately, the economy. More and more job seekers from free zone authorities in Dubai, Abu Dhabi, Sharjah, Ajman, and other emirates are being recruited into the country for their specialized abilities. The following are a few examples of home-based small business ideas in Dubai. However, the possibilities are genuinely limitless.
With a competent business setup in Dubai, your company can take the lead in Dubai’s booming economy’s fierce growth. Professional advice from corporate legal consultants who are experienced and up to speed on developments in the company formation procedure in Dubai can ensure that your business structure is legal and error-free.