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Emerging Investment Opportunities for IT Consultancies in Dubai

While information technology is an integral part of every business, for many firms, it is not their core business. So, trying to solve all their IT challenges internally can be burdensome, causing other aspects of their business to suffer.

Protiviti, a global consulting firm, recently conducted an IT Audit Benchmarking Survey, wherein 78% of the respondents revealed seeing gaps in their IT capabilities, along with a lack of necessary resources to sufficiently address all areas of their IT audit plans. To make up for this gap, more and more companies are increasing their investments in and dependency on information technology consultancies.

IT consultants study the nature of their client’s firm to advise on, plan, propose and install systems and applications that best suit their needs. These experts use all of the tools at their disposal to help clients improve their administrative and technical performance.

Dubai sees burgeoning demand for IT consultancies

The information technology consultancy business is huge in Dubai due to the vast nature of its job. Professionals are required to have adequate knowledge about troubleshooting software, hardware, and network problems and how all of these things work together in streamlining IT operations. They also require excellent advisory, technical, business, communication, and management skills.

According to a study by Source Global Research, the UAE’s consulting market is set to expand by 15% in 2021. The study further states that over six in ten organizations in the region plan to increase their use of consultants over the next 18 months, with the energy, resources, manufacturing, media, and telecom sectors showing a keen interest.

Emerging Investment Opportunities for IT Consultancies in Dubai

Benefits of setting up your business in Dubai

Every organization in Dubai is embracing information technology consultancies to stay ahead of the competition. The ever-growing demand from various sectors makes the IT consulting business a lucrative investment.

  1. Growth opportunities
    With a growing number of companies being set up in Dubai, the demand for IT consulting services is also rising. Companies, especially ones that are in the incubation phase, require expert guidance and advice on determining appropriate technologies for their businesses. They prefer outsourcing their technical needs to professional consultants in an attempt to achieve feasible solutions while saving costs.
  2. Diversity
    IT services in Dubai are not limited to a single industry. All companies, regardless of the industry they operate in, require IT guidance. An IT consultancy business lets you expand your area of expertise over time by serving a diverse range of fields.
  3. Vast income potential
    Referrals can be a very impactful way to attract new customers in the IT consulting business. Moreover, in this business, there is no limit as to how much you can make. The greater your consulting skills and the more time you put into your business, the more profits you make.

At Flying Colour Business Setup Services, we provide a simple and effortless approach for setting up your business in Dubai. If you are interested, reach out to us at +971 4 4542366 or email us at info@flyingcolour.com.

*Please Note: This article was published on 01st June 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.

All You Need to Know About Starting Your Technical Services Business in Dubai

Dubai is a vibrant city that is always on the go. The city is best known for its massive skyscrapers, sprawling shopping malls, and lavish resorts & hotels. However, such structures require constant maintenance, which has increased the need for technical services.

Dubai is also home to a large working population who spend most of their time at work. With an increasingly busy lifestyle comes an endless list of things to fix, repair and put together. Finding the time to get these tasks done can be a challenge. Moreover, some of these can require more than our average do-it-yourself knowledge.

Technical services include a wide range of professional services such as installation works for false ceilings and light partitions, carpentry and flooring, painting and insulation. They also include plumbing and sanitary work, metal parts erection, tile work, and so much more.

The demand for technical services is at its peak in Dubai as people are always looking for skilled workers and trusted agencies. According to a report by Research and Markets, the UAE facility management market, which largely covers technical services, is expected to be valued at USD 34,959.4 million by 2030.

All You Need to Know About Starting Your Technical Services Business in Dubai

How can a technical services business profit you?

  • Low start-up cost
    The start-up costs are low for this business if you already have the tools and equipment needed. The maximum cost will be applied to office, license and registration, office supplies, marketing and advertising.
  • Flexibility in business
    Technical service is a great business to start on a full-time or part-time basis, depending on your preference. You can focus on residential and/or commercial services. Referrals and word-of-mouth make for great marketing tools.
  • Potential for high profits
    If your services are satisfactory, you can bag recurring customers as people prefer sticking to a familiar and trusted firm when availing similar services over time. There is also an opportunity to earn more profits if you specialize; for instance, working exclusively with real estate agents.
  • Low overhead expenses
    After your initial investment, there is very little other company expense involved in this type of business besides paying for insurance and utility bills.

Set up your technical services business in Dubai

UAE is ranked as the easiest place in the whole of Middle East for setting up a new business, according to World Bank’s Ease of Doing Business 2020 report. And within the UAE, Dubai leads as the most ideal city. This is because of its wide availability of resources and a favorable business environment. Additionally, the city’s exponential economic growth has made it susceptible to various developments, thus unfolding new avenues for business growth and profitability.

If you have a well-rounded knowledge of how to fix things, Dubai offers great opportunities for technical service businesses. At Flyingcolour, we provide a simple and effortless approach for setting up your business in Dubai. If you are interested, reach out to us at +971 4 4542366 or email us at info@flyingcolour.com.

*Please Note: This article was published on 01st June 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.

Benefits of Starting a Management Consultancy Business in Dubai

Management consultants help organizations in solving problems, improving business performance, creating value and maximizing growth. Organisations may draw upon the services of a management consultancy for various reasons — getting a fresh viewpoint, receiving external advice on certain matters and gaining access to consultants’ specialized expertise. As a result of their exposure to numerous firms, management consultants are typically aware of the best industry practices.

The work taken on by a management consultancy can vary from e-business to marketing, supply chain management and business strategy. Some consultancies focus on a single sector like IT, healthcare or marketing, whereas others take a broader approach to managing multiple business matters, like employee engagement or regulatory compliance.

Why become a management consultant?

Management consulting can be an extremely rewarding business. The Gulf consulting market records an annual turnover of approximately USD 2.7 billion a year, according to a report by Source Global Research. The UAE is the second-largest market at USD 600 million per year. Besides, the public sector is one of the major users of consultancy services in the region.

Being a management consultant requires a unique skill set, including strategy, research, and communication skills. Consultants help businesses by filling in the skills gap and offering their expertise in areas that businesses lack internally.

Companies find it much cheaper to acquire external assistance than hiring new individuals or teams to manage such issues. Doing so allows them to focus on the project at hand without getting burdened by the day-to-day running of the business.

Benefits of Starting a Management Consultancy Business in Dubai

Why start a management consultancy business in Dubai?

Dubai is a city that embraces new entrepreneurs looking to establish their businesses. With this, the city brings numerous opportunities for management consultancy businesses. Some benefits of starting a management consultancy business in Dubai are listed below:

  • Growth opportunities
    The growing number of companies in Dubai offers high growth prospects for management consultancies. The city is characterized by a large pool of business enthusiasts, especially start-ups, that often turn to professional consultants to make their journey easier. Dubai Expo is also likely to create significant business opportunities, leading to a huge potential client base for management consultants.
  • Broad scope for business
    Dubai has a diversified economy, and companies in every sector require management consultants. IT and finance are some of the most successful sectors in Dubai at the moment. Offering consultancy servicesin these sectors can be quite profitable.

Financial opportunities

Setting up your management consulting firm in Dubai is not necessarily expensive. This is a business that can be started from a small office. Apart from office utilities, you can start with a bare minimum of computer and basic scheduling and collaboration software. Dubai also offers many investment options for the financial growth of businesses.

At Flying Colour Business Setup Services, we provide a simple and effortless approach for setting up your business in Dubai. If you are interested, reach out to us at +971 4 4542366 or email us at info@flyingcolour.com.

*Please Note: This article was published on 01st June 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.

Why Setting Up an Educational Institute Business in Dubai Can Be a Great Opportunity?

Dubai is emerging as an educational hub in the UAE. With its ever-expanding population, the demand for educational institutes is on a growth spree. The city puts forth a variety of courses in culture, literature, business, medical, art, and many more to encourage learning and knowledge sharing.

The education sector in Dubai is set to welcome many more teaching facilities as the demand surges further. The steady growth of these facilities over the last two decades indicates that even with wide availability of educational institutes, there is still room for new businesses in the sector.

According to a report by Technavio, the UAE’s education market is poised to record a CAGR of 5% during 2020-2024. More than half of the training centers and educational institutes in the region are situated in Dubai. As such, local and international private institutes are rapidly foraying the Dubai market to tap this growing demand.

Why Setting Up an Educational Institute Business in Dubai Can Be a Great Opportunity

Benefits of setting up an educational institute in Dubai

Dubai’s open economy, favorable business environment, and a wide base of ex-pats have acted as a major driving force for the growing number of educational institutes being set up in the city. Moreover, the benefits offered to those investing in the field of education in Dubai are unparalleled.

  1. Growth prospect
    The rising employment and business opportunities in Dubai have resulted in an increasing number of families entering the country. This has created a need for a variety of courses. The government is also focused on providing better education to the people of the country. This makes Dubai an ideal environment for setting up an education business.
  2. E-learning opportunities
    The UAE government has launched the education 2020 strategy, which includes the implementation of distance learning for all schools and educational institutes as a precautionary measure against COVID-19. This initiative has given educational businesses an opportunity to include e-learning as part of their institution. Setting up an e-learning facility is cost-effective and can easily be accessed by everyone. All that is required is a stable internet connection and a device such as a computer, laptop, tablet or mobile phone.
  3. Strategic positioning of UAE
    UAE is strategically located between Asia, Europe and Africa, which is a major advantage to investors. Besides, the country is in proximity to some of the world’s fastest-growing economies in Asia. Collectively, South Asians (Indians, Bangladeshis, Pakistanis and others) alone make up 59.48% of the country’s population.
  4. Government support
    Dubai’s educational institutes are continuously evolving to better suit the needs of the current business scenario and competitive job market. The government has also assisted many entrepreneurs in setting up educational businesses in the city, the efforts of which are quite evident through the dominance of the private sector in Dubai’s education industry.

Starting an educational institute in Dubai is a straightforward process. At Flying Colour Business Setup Services, we provide a simple and effortless approach for setting up your business in Dubai. If you are interested, reach out to us at +971 4 4542366 or email us at info@flyingcolour.com.

*Please Note: This article was published on 01st June 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.

Data Entry Service Industry is Set to Experience Revolutionary Growth in Dubai

Information is a vital asset in all companies. Businesses from different industries generate data on a regular basis, which needs to be efficiently managed. As such, data entry services have become immensely popular among firms.

Data entry, simply defined, is the act of transcribing information into an electronic medium, like a computer or other electronic device. The work typically involves scanning documents or inputting data from other means of collection into software programs.

Creating a digital backup makes it easier for businesses to access and analyse their data for making informed decisions. Data entry is usually outsourced by companies to free their employees from tedious tasks and have them focus on more important work.

Companies from fields like medical, financial, retail, legal and insurance widely avail data entry services. As such, data entry operators have complete knowledge regarding data entry and an understanding of the industries for which they offer their services.

Advantages of starting a data entry service business:

  1. Low start-up costs
    A data entry business can be run with minimal start-up costs. All you need is a computer along with the necessary software, which costs is relatively lower.
  2. Large base of potential clients
    All organisations from retail businesses to government offices collect data for various reasons. Colleges and universities also require data entry for student records. Research facilities require data entry for organising and analysing the collected data. For some organisations, the level of data can be very intensive, requiring significant resources.
  3. Specialisation
    Businesses having experience or knowledge in a particular industry can market themselves as a specialist in the field. This helps to build a niche client base.

Data Entry Service Industry is Set to Experience Revolutionary Growth in Dubai (2)

Why set up your data entry service business in Dubai?

Dubai’s business and technology landscape is evolving. And with this, so is the city’s count of businesses. A large number of firms leads to large volumes of information that need to be recorded and tracked, creating a lucrative market for data entry service businesses.

Besides, the work from home policy imposed due to the coronavirus outbreak has encouraged many more companies to go digital, which has increased the scope for data entry. A survey by IBM revealed a 26% increase in plans of UAE respondents for prioritizing cloud technology over the next year.

Vital service organizations like hospitals and clinics are especially evolving digitally. Financial institutions like banks and credit unions also input large volumes of data. All these organizations in Dubai invest a lot in data entry services to maintain records.

The Dubai government has left no stone unturned in ensuring entrepreneurs run their businesses hassle-free. This is evident from its world-class infrastructure and amenities in office spaces, business parks, transportation, connectivity, and utilities. These factors have proven to be beneficial for numerous businesses in the city.

At Flying Colour Business Setup Services, we provide a simple and effortless approach for setting up your business in Dubai. If you are interested, reach out to us at +971 4 4542366 or email us at info@flyingcolour.com.

*Please Note: This article was published on 01st June 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.

Perks of Setting Up a Coffee Shop Business in Dubai

Coffee plays a huge part of Arabian culture. It is customary in UAE to greet guests with dates and coffee. The multi-cultural international city has taken this culture to a whole another level and there is an abundance of coffee shops in Dubai. But the high demand leaves room for more coffee shop businesses to be formed in Dubai.

Here are few perks of setting up a coffee shop business in Dubai:

  • It is one of the most cost-effective businesses to form in Dubai. The necessary starting investment to set up a coffee shop is quite low.
  • The time required to set up a coffee shop infrastructure is low.
  • Dubai’s median age Dubai in 2021 is 33.5 years (as per https://www.globalmediainsight.com) which is a younger crowd and coffee is their ultimate love.
  • Students, school or college-goers, of Dubai, prefer coffee shops- that not only serve coffee but other hot beverages or juices and other snack-like food like cakes, candies, sandwiches, etc., as a meeting and chilling point. This demand makes coffee shops a sure-shot successful business venture.
  • The professional crowd tends to need breaks during office hours or at the end of the day to unwind and de-stress. Coffee shops provide them the perfect place to take their mind off the rigmarole of their hectic day and renew their energy to jump back in it. Thus these coffee shops, be it on a small or large scale has a huge scope of running successfully.
  • Weekends are big no matter in which country you are. Dubai is no different where people tend to catch up with friends and just relax and have a good time. The best place to do so without spending big bucks is a coffee shop and thus it appeals to customers from all walks of life. So the scope of such a business is very high.
  • As most people in the world, many people in Dubai tend to work from the corners of a coffee shop. They may be writers or many may hold informal official discussions in such shops. Bottom-line is that they bring huge business to such coffee shops.
  • Dubai is famous for its malls and shopping. People from all around the world flock to Dubai to satisfy their cravings for shopping. These huge number of malls scattered everywhere are the perfect locations to set up a coffee shop as shoppers tend to rest their feet and catch their breath at such venues.
  • A coffee shop requires not much equipment as it mostly serves stuff that requires minimum preparation.
  • Less amount equipment means that the space necessary to open a coffee shop is low. Add to that the fact that most customers tend to be there for just a coffee as they are mostly just taking a break. This means that one does not need a large number of tables to cater to a big clientele.

Perks of setting up a Coffee Shop business in Dubai

These perks make forming a coffee shop in Dubai a lucrative business. Coffee would never go out of demand. As American filmmaker David Lynch says, “Even bad coffee is better than no coffee at all.”

Forming a new business may feel daunting without guidance from a trustworthy partner. This process may be made simple with the help of an expert. Flyingcolour Business setup services has been helping clients form companies for the past 17 years. We can help you set up your new business with ease. Please feel free to mail your queries at info@flyingcolour.com or contact us at +971 4 4542366.

*Please Note: This article was published on 01st June 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.