Over the past decade or so, Dubai has become the go-to place for business opportunities. Minimal tax rates, low import tariffs, free trade agreements, a robust economy, strategic location, cutting-edge infrastructure, and a slew of other advantages make the United Arab Emirates (UAE) one of the greatest places to do business in the world. Therefore, it comes as no surprise that Dubai offers plenty of B2B or business-to-business opportunities for entrepreneurs.
B2B business setup opportunity in Dubai
While most of the attention over the last decade and a half has been focused on the growth of the business-to-consumer (B2C) market in the UAE, B2B businesses have mostly remained under the radar. However, B2B businesses in Dubai continue to make considerable strides in terms of revenue and expansion.
Finding suitable consultants with deep expertise, knowledge, and understanding into the B2B industries in Dubai is one of the biggest challenges faced by entrepreneurs looking at a B2B business setup opportunity in Dubai. In addition to comprehending the trade dynamics, an in-depth awareness of the worldwide market is required. To deal with any scenario, you must be adaptable and agile. It is also important to understand the customer - the B2B customer is considerably different from the B2C customer.
What are the B2B business opportunities in Dubai?
The United Arab Emirates, especially Dubai, presents a significant opportunity for all international organizations. Dubai is a major commercial and economic centre in the Middle East, with near proximity to and easy access to markets in the Middle East, West and South Asia, East Africa, and Eastern Europe. The UAE government also sees the promotion of private firms as a way to boost overall growth, jobs, and entrepreneurship in Dubai. Keeping this in mind, the government has reduced the barriers for B2B business ownership in Dubai. It intends to improve the contribution of small and medium-sized businesses to the country's GDP.
There are several free zones in the UAE, with 30 of them located solely in Dubai. These zones offer an extremely favorable business climate for entrepreneurship in Dubai, including the option of 100 percent foreign ownership, no taxes, and recruiting help, among other advantages. It is also not difficult to establish a business in other areas of Dubai. The Department of Economic Development (DED) of Dubai issues a General Trading License, which covers the majority of economic activities and includes B2B industries in Dubai. There are also several well-experienced business setup consultants like Avyanco who are available to help out investors looking for the right business opportunity in Dubai.
As you can see, there's no reason why you shouldn't take advantage of the B2B business opportunities in Dubai. The UAE government's encouragement of entrepreneurship in Dubai, as well as small and medium-sized firms, has resulted in a large number of fledgling businesses looking for knowledge and skills. If you have knowledge in a specific industry or business procedure, there are many businesses that could benefit from your expertise.
According to GCC research conducted way back in 2012, the consultant sector in the UAE increased at a pace of roughly 12%! Things have only improved over the past decade, and this rate of growth is likely to continue. In such a rapidly expanding industry, there is plenty of room for a new business opportunity in Dubai. Here are some of the verticals that you can consider for starting a B2B business in Dubai.
- Outsourcing is one of the B2B business opportunities in Dubai that can be explored. Many organizations outsource some of their operations as they grow in size in order to focus on their primary business. Accounting and bookkeeping are two operations that are frequently outsourced by businesses. You can launch an accounting services firm to serve all current businesses that want to optimize their processes. If you're starting out on your own, you may need some qualifications, expertise, and suitable accounting tools to get started, but with a few accountants under you, there's enough money to be made monitoring the accounts of all the businesses entering the Dubai market.
- Many of the more giant corporations frequently conduct corporate parties for their own executives, clients, investors, stockholders, and so on. All of the events that are being hosted demand managers, thus event management formation may be a fantastic business opportunity in Dubai. If you have prior experience working in an event management company or have equivalent educational credentials, you can begin providing corporate event management services.
- Also, keep in mind that all of the firms in the UAE have contributed money to the local population, making it a perfect environment for a retail company. ECommerce is all the rage in terms of the retail sector and has seen substantial growth in terms of revenue and consumer base. The value of e-commerce sales in the United Arab Emirates (UAE) is expected to be over 27 billion US dollars in 2022. Many eCommerce businesses are already thriving, and there is plenty of room here if you're looking for a new business opportunity in Dubai. There is no import tariff or tax for e-commerce enterprises in free zones if they sell their goods within any free zone or outside, making it an ideal location for international e-commerce sites. The demand created by the UAE's high standard of living ensures that there will be a lot of local demand for the eCommerce sector, making it one of the most lucrative B2B businesses in Dubai.
The large number of new firms starting in Dubai provides a wealth of options for any entrepreneur with the right idea, skill set, and knowledge. The recent amendment allowing full foreign business ownership in Dubai has also been a shot in the arm for B2B businesses in Dubai.
How Avyanco can help with your B2B business setup opportunity in Dubai
Increasingly, entrepreneurs and foreign investors are looking for the right business opportunity in Dubai. As a result, the country has emerged as the preferred location for local and regional entrepreneurs seeking to launch or expand their businesses. With a range of business setup services and in-depth expertise in B2B business setup in Dubai, Avyanco is the right partner to choose if you wish to start a business in any of the UAE Free Zones, Dubai Economic Development (Dubai Mainland), and other locations. In Dubai, there are several opportunities for company formation and business setup. You can call us or drop in to speak with one of our business setup experts to determine which option is ideal for your needs.