UAE is one of the most sought after location for people with limited investment to go and set up a new business. And with the country constantly reevaluating its laws to attract more and more foreign investment combined with no taxes make it the most viable place for you to start up a new business.
If you want to have complete ownership of your company then the only way for you to achieve that is if your company is located in one of the free zones. Free zones have their own legal structures and are considered offshore companies. And the benefits offered free zone companies are manifold including 100% foreign ownership, exemption from taxes and complete administrative support. When a company is established as a free zone company it is considered as a limited liability company and come under the legislation of the zone in which it was established.
Examples of Free Zones in the UAE
- Dubai Airport Free Zone
- Dubai Internet City
- Dubai Media City
- Dubai Multi Commodities Center (DMCC)
- Dubai South Free Zone
- Dubai Investment Park
- Dubai Silicon Oasis
- Jebel Ali Free Zone
- Hamriyah Free Zone in Sharjah
- Sharjah Airport International Free Zone
- Ajman Free Zone Authority
- RAK International Corporate Center (RAKICC)
- Ras Al Khaimah Free Trade Zone
- Fujairah Free Zone
However of course before venturing into any business it is imperative you equip yourself with sound knowledge of the skills required for your job, the market scenario at that time and the demand for your job or service.
Also Read: 10 BUSINESS FOR SALE IN UAE
UAE is one of the most preferred destinations for investors and businessman and woman. State of the art infrastructure along with the support from the authorities account for large growth opportunities for you.
- Presence of a large number of free trade zones has rendered the commerce of the country at its peak. People all over the world prefer coming here because of the cheap goods available.
- With incentives and less cumbersome procedure to set up businesses in Dubai combined with the progressive thinking of the government have all made UAE the go-to location for doing business.
- With exemption from taxes for most of the businesses, UAE is the most fertile ground for business.
- Plans and laws have been devised such that the support long-term growth and hence the economy will be stable even in the coming years. business in UAE without investment
Deciding on which career would be best for you is an uphill battle. Especially if you have limited resources then it becomes difficult to find a business with low capital investment.
Need few Business Ideas in UAE? : Read More: THE 5 BEST BUSINESS IDEAS IN UAE
Here is a list of small businesses you can start with little or no investment:-
In today’s era when there are so many career options available, people seek professional help while choosing a career for themselves. Hence this is one of the most lucrative business ideas with no investment at all. You can opt for virtual office space and teach or provide guidance online.
The scope of quality teachers is beyond your imagination, as Dubai poses a lot of language barriers for anyone who is trying to invest so it is a good idea to provide language training to bridge those gaps basically education in any field will be very fruitful as you can get selected by the various colleges and schools.
Online Retail Assistant
If you have a knack for marketing and understand the know-how of online retailing then you can work as an online retail assistant for firms and provide assistance on the products to include or the description to show.
As the majority of the businesses are online in Dubai so it becomes important for every brand to differentiate one from another and an online retail assistant is just the right person for this kind of tasks.
There are so many shopping centers open all around the country that it is a headache to find the best outfit for you. This is where a personal shopper comes in, he or she decides on the outfits their clients will wear at any time of the day and to any event. They can take an interview with their clients to get a taste of their preferences or accompany them while shopping.
Most of the major clothing brands are already investing hugely in Dubai, But one of the most crucial steps is to get a depth knowledge about the type of clothes emirates usually wear as it is very different from the other countries.
If you have great management skills and love to be the party host, event planning is for you. The events which you organize must be one of its kind and abreast with the current world.But then you’d also have to come up with the best of facilities to live up to their expectations as most of the events that are organized in Dubai are so grand that you can’t even imagine!
This also requires a good contact with the various event hosts and party planners as managing everything on your own without the assistance of the locals is very difficult as well as tedious.
A laptop, a website, and a strong social media presence is all that is needed for you to be a virtual assistant. As a virtual assistant, your job is to perform tasks that will otherwise be difficult for the owner to do given their tight schedule. A virtual assistant is an independent contract worker who is specialized in providing administrative, creative and various technical services.
With the increase in so many major companies, the responsibilities of a company also increase, so any company will be more than happy to outsource various repetitive tasks like bookkeeping, recording and other various creative as well as technical tasks.