The latest trends of BUSINESS SETUP SERVICES IN DUBAI

 Dubai has become one of the most sought-after business destinations in the world. It's no surprise that so many entrepreneurs have opted to establish their enterprises in Dubai because of its tax-friendly regulations, high-quality social and economic infrastructure, and central position.


If you are an aspiring entrepreneur who wants to start your own business in Dubai, here is a rundown of the top 5 emerging business opportunities in Dubai for 2021.


What are the top 5 industries for startups in Dubai?


1. Import and export

 

The import and export industry in Dubai is exceptionally profitable, and it is, of course, at the top of our list. Starting an international commercial firm in Dubai can be advantageous in terms of chances for expansion and profitability, given the city's central location and economic diversity. By taking advantage of zero per cent import and re-export duties, as well as superior transportation and logistics infrastructure, establishing your business in a free zone like DMCC will help you succeed.



2. Compulsory health insurance

While COVID-19 has brought many obstacles to Dubai's healthcare technology sector, it has also revealed new potential. By 2025, the UAE's healthcare industry is expected to produce AED 39.4 billion. "Pharmaceuticals and Medical Equipment" is one of the city's six key subsectors, according to the Dubai Industrial Strategy 2030.


There are three main areas that healthcare investors can potentially consider when entering the Dubai market:


Healthcare Technology Innovation - A large part of DHA's Dubai The aim of the Healthcare Strategy 2021 is innovation, concentrating on cutting-edge technology and automation.

Health Tourism: While COVID-19 travel prohibitions hampered growth in the medical tourism sector, there are early signs that the industry may be poised for a comeback in 2021.

Growing Local Demand - As Dubai's population grows, local investors are likely to assist healthcare providers in expanding during the next six years.

For a more complete overview of healthcare opportunities in Dubai, click here.


3. Real estate

With foreigners accounting for 70% of the population, Dubai is known as one of the world's largest ex-pat hubs. For the fourth year in a row, Dubai has remained the world's fourth most visited city, which explains why the real estate market in Dubai is so lucrative. Real estate development, property management, and brokerage are just a few of the services offered by Dubai's real estate industry.



Aside from the size of the market, Dubai's real estate industry is changing. Proptech increases the productivity of the real estate sector while also improving the client experience. This will surely be a game-changer in the real estate industry, allowing new players to enter the market for the first time.



4. Information technology

 

Dubai has become a magnet for international technology-based businesses as the Dubai government continues to implement policies and initiatives to drive technology innovation and attract tech entrepreneurs to become the world's most innovative city for 2021.



Over the years, Dubai's free zones have attracted many tech startups. For example, AstroLabs, Google's first global technology centre for Middle Eastern entrepreneurs, found that the DMCC was ideal for startups to scale their businesses into new markets.



5. Electronic commerce

Two women looking at tablet shopping online



Dubai's e-commerce business is expected to rise to Dh12 billion in local GDP by 2023, making it the MENA region's fastest-growing e-commerce market.



Why has Dubai had unprecedented development in the e-commerce business, which is flourishing all over the world?



On the one hand, Dubai's adoption of "smart government" projects and programmes has significantly aided the city's e-commerce sector. Improved logistics, trust in digital payments, and greater security are all elements that have benefited the e-commerce industry's growth in Dubai. The best aspect is that there are plenty of purchasers to choose from! It is even possible to start an e-commerce business in Dubai and then run it remotely from another location while taking advantage of the low tax rules.



Final thoughts

Are you interested in a potential business opportunity in one of the industries mentioned above? If done right, starting your own business in Dubai will just take a few weeks.



Contact DMCC for assistance in establishing your company in the world's largest free trade zone and global commodity trading hub. We'll be there for you every step of the journey, from document creation to shipping management and translation to bank account opening, approval, and general counselling and consultation. So please get in touch with us right away to see how we can assist you!

 

To know more visit us - https://nourattorneys.com/

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