Dubai has established itself as the Middle East’s international, industrial, and business hub, with a reputation for good service and a diverse cultural legacy.
Dubai has become one of the Gulf’s fastest-growing economies due to convenient market opportunities and innovative investment options. Stores, or souks as they are known in the Middle East, are one of Dubai’s fastest-growing industries. As a result, opening a shop in Dubai is a very profitable venture.
The most popular establishments in Dubai include retail stores, beauty salons, and restaurants. Let’s have a look at how to open a store in these areas in Dubai.
Retail Shops
There are a lot of retail start-ups in Dubai, as well as a lot of item traders in the market. Opening a retail store in Dubai is particularly advantageous, thanks to the Dubai Shopping Festival and other such events. To start a business in Dubai, a businessperson must meet certain conditions. Some of the procedures that are required for that reason are listed below.
Support of Local Partner
To open a retail shop in Dubai or other parts of UAE it is essential to have a local business partner also known as a “sleeping partner”, who owns 51% or more of the business. The only exception to this rule is if you run a shop in the free zone or have signed an investor-protected contract.
Obtain Dubai Commerical License
A corporation must be licensed under the Company Registry to get a Dubai trade license after deciding the type of store. Following this step, the Dubai Department of Economic Growth and the UAE Federal Ministry of Economy will just require a few documents to issue a commercial license.
- An application with the company’s name written in English and Arabic.
- The company’s registration address was leased for the first time.
- A permit issued by the Dubai Municipality’s Building Department to allow the use of storage space as a retail store business location.
- Payment of the issue fee for a trade license.
Renting a Store
If you’re looking into renting a store it will require you to obtain some permits from the municipality of Dubai and other government departments.
Beauty Salons
Beauty holds huge significance in our life. Every man and woman wish to appear attractive in the eyes of others. Because Dubai is known for having a young population, which makes beauty salons’ business potential extremely high.
The steps to take when establishing beauty salons are outlined below.
Acquiring a Professional License
When establishing a skill-based business in Dubai you need to acquire a separate professional license for it from Dubai’s Municipality.
Here is a list of the necessary documentation required for the license.
- A specific application form is required.
- Copies of the owner’s or partner’s visas.
- A copy of a local collaborator’s naturalization certificate.
- A letter of no objection from the supporter of Global Partners.
- A copy of the visit, tourist, or transit visa must be submitted by foreign investors.
- The competent authorities must receive formal clearance before the undertaking may be carried out.
Store Location
The location of the store is extremely important, so choose a location which is cheap but in a crowded place. Locations close to tourist destinations, shopping malls, schools, and parks are ideal to attract customers to your salon.
Restaurants
Dubai is a popular vacation spot for many people, attracting millions of visitors each year. Trying out new and different food is one the most loved activities of tourists. As a result, opening a restaurant in Dubai that employs creative tactics could be a wise investment.
The following are all the important points you need to know when establishing a restaurant business in Dubai.
Secure a Food and Trade License in Dubai
A restaurant license is a basic requirement when setting up a restaurant. To acquire a food license, you need to approach the Department of Food and Safety. In addition, you will have to contact the Department of Economic Growth (DED) and the Department of Marketing for Tourism and Commerce for the business license. Assume you want to provide your customers with advertisements for different options. In that situation, you can apply for a variety of special permissions, such as a distribution permit or a liquor permit, among others.
The following documents are required when applying for Food and Trading License in Dubai:
- The Ministry of Economic Development (DED) must first provide approval.
- The layout of the property is depicted in this model.
- If the store is not in a shopping center, permission from the Planning Department is required.
Ideal Location
When it comes to starting a business in Dubai, location is crucial. Many commercial districts have been formed by the Dubai government, including Media City, Education City, Internet City, and Tourism Areas. It is up to you to choose the appropriate region based on your target clientele and restaurant operations.
Aside from that, you must plan your business strategy based on your budget and target customers. however, the Dubai government has been considerate and is making investors’ lives easier by making market policies more accessible.
Need any help, consultancy, or information regarding setting up your business in Dubai? We are here to help you out. Simply contact us and we will assist you in every possible way.
Nice article