The global economy has suffered massively since the outburst of the COVID-19 pandemic in the last chapter of 2019. Though the effect of economic, physical, and social disruption caused by the pandemic is hurtful to date, we also saw how aspiring entrepreneurs and small business owners became creative with small business ideas in Dubai, UAE, and across the globe.
Despite the cruel effect of the pandemic, the business community in Dubai and the UAE have witnessed a spring in new business setups in Dubai and the UAE base on the latest figure from the business license issuing body in Dubai, the Department of Economic Development (DED).
This article is written based on research data and practical experience from some top business incubator experts in Dubai, so if you are an entrepreneur looking for top trending small business ideas in Dubai for 2023, this is for you. Read on!
TOP 5 Trending Small Business Ideas in Dubai [2023]
Based on research, interviews, and practical data, we have handpicked the best small-scale business ideas for aspiring entrepreneurs and startup businesses seeking to launch a company in the UAE market.
Here at the business hub of the MENA region (Dubai UAE), our team of seasoned business incubators is committed to supporting entrepreneurs in their ventures.
Online Stores (E-Commerce)
It became clear that the COVID-19 pandemic would test the resilience and performance of a rapidly growing e-commerce sector in the Middle East and North Africa (MENA) region when it began to affect the global market, which was especially true in the UAE.
Today, e-commerce is one of the fastest-growing sectors in the world, and in recent years, we have witnessed it take the Dubai market by storm.
Starting an online business in Dubai in 2023 will be a good option for most startup businesses as visitors and residents in Dubai and the UAE have started to prefer online shopping for different purposes, especially after Covid-19 hence increasing the e-commerce market scope in the country.
Looking for a small business idea in Dubai to start at a low cost? It will be wise to consider setting up an online shop (E-commerce) in Dubai.
Digital Marketing Agency
Today, the traditional way of marketing and commercial is fading away as most companies now choose to make themselves visible to their target customers via electronic platforms such as Search Engine Results (Websites), Social Media, Mobile Apps, ETC.
There is a population of over 183 million internet users in the MENA region alone. With Dubai being the center for business and tourist attractions of the region, this has created a demand for online marketing companies in Dubai in recent years.
It is of utmost importance if you are an investor or a startup entrepreneur to look into the scope of getting a business license in Dubai for starting a digital marketing agency since this can earn you a fortune in this constantly growing market.
Information Technology (IT) Consultancy
During the global pandemic, the information technology (IT) sector stood firm amongst the first units to adapt to the new way of life.
We saw the possibilities of having global online business meetings from the comfort and security of our home offices.
With the increasing demand for Cyber Security, Cloud Computing, Robotic Process Automation, ETC, most small and medium size companies on a budget prefer to outsource their IT demands to an IT consulting service provider to manage these services for them.
Want to set up a business in Dubai as an IT Consulting Service provider? You need to obtain a professional license in Dubai – We can help with that.
Travel and Tourism Consultancy
Dubai and the UAE top the list as one of the most visited destinations for tourist and business purposes around the globe.
The Dubai International Airport ranks among the top 10 busiest airports worldwide as of 2022.
Experts predict the growth of the travel and tourism sector in Dubai, UAE to grow even more in the coming future. For this, you can easily invest in this sector as millions of people influx to this destination every year.
Starting a business in the travel and tourism sector in Dubai in 2023 can fetch you a good profit.
Logistics Management and Consultancy
The geographical location of Dubai and the UAE has it a key hub favorable for import and export in the MENA region.
Also, its policy of zero import and export tax add to making it an ideal location for freight or cargo business.
A logistic company entails the assistance of manufacturing or trading companies with shipping their goods across the globe.
As an entrepreneur or a startup company, a logistic management and consultancy company setup in Dubai could be one of the top most profitable small business ideas in Dubai in 2023.
How to Start a Business in Dubai, UAE?
Dubai has attracted a lot of investors and companies due to its low tax rates, high economic growth rate, and stability of government policies. Besides this, there are many incentives for foreign companies who want to invest in Dubai such as free trade zones, tax exemption for 20 years for new industries & 100% foreign ownership among others.
In order to start a business in Dubai, you will need to first register your company with the Department of Economy Development (DED).
Below are the Steps
• Choose the type of business they want to open.
• Choose a business activity.
• Provide a suitable name for the business (At least three options)
• Apply for a relevant trade license base on your business activity
• Get an Office space (If required)
• Get initial approval for your trade license
• Open a bank account for your business
You can book a free online consultation for setting up a business in Dubai with one of our expert business advisors in Dubai by filling out the form below.