Top 5 Business Ideas with Low Investment?
“There are no secrets to success. It is a result of preparation, hard work, and learning from failure.”
It is fair to say that there is no business here in UAE without supremacy in any industry. Particularly attractive tax system – zero percent for personal as well as corporate incomes, the perfect global location from which to trade with Europe, Asia, North Africa and beyond.
Starting a business in UAE is the best decision anyone can make, as the government here is very encouraging towards startups with great offers and its gives equal opportunities for immigrants or the residents.
Therefore, the sagacious thing to do is invest in a small but profitable business idea which is in high demand and does not require a huge investment or licensing fees.
Below we are going to list five great business ideas in UAE with low investments:
Website Development
All the business anywhere in world needs a website to showcase their services and enable the client to grab more information about the company online. This is understandable as it is habitually the first place a consumer will go to explore a new business or service that they hear of. This is a golden opportunity to any entrepreneurs with the skills to develop the website.
This has led to a rise in freelance visa and the setup cost and licensing cost is very low as the asset required for the same is laptop and internet connection, something most of the people in UAE already have.
Tutoring and Teaching Online
Knowledge is always worth when shared, if you already have a skill which someone would like to learn then you are already siting on a really low investment business idea. You can teach anything like instrument, martial arts, drawing, dancing, crafts, and illustration or on any academic subject etc. With very little investment and providing your knowledge and skills to whom it’s required to qualify, you are good to go.
Consultancy
Setting up a consultancy is one of the service that you may be already skilled enough to do. It does not need years and years of experience to become a great business consultant, as you can look through in what you have already done in your career so far. Have you ever guided a new business through the startup stage? Or overseen a merger or major broadening? Or possibly your experience is specific to HR, marketing or finance. In any case, if you have knowledge in business that a new company could learn from, there is almost certainly a market for your advice.
Mobile Technician
As we all know when that new gadget or a mobile phone replaces the older model very quickly, but a majority of the people do not buy a new phone or gadget until they have a working model in hand. In addition, in most case, if there is a problem, first thing they think of is repair, not to buy a new one. If you are a mobile phone technician, this can prove to be a very profitable business.
E-commerce Store
E-commerce is considered one of the hugest market, which is still growing. In this busy life and the current condition people are forced to use their convenience into online shopping for be into grocery or medical supply, luxury etc. Setting up an e-commerce license in UAE is both easy and affordable; it makes it possible to run the business from outside UAE if you wish. The most important is that it’s easy to start and small and grow it later with bigger office space, warehouse or facility etc. As for the required equipment, all you need is a laptop, the internet and the products that you wish to be listed on the website.
The setup that’s right for you will be depending on scope of your business. A company formation specialist like Flyingcolour can work with you to advice on the best way to establish your business. You can just sit back and let the experts take care of the rest to manage each and everything which will enable to you get started.
This blog is written by Ms. Manali Chandegala, Partner Relation Executive at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. If you are looking for any consultancy related to any business idea in the UAE then please contact us at +971 4 4542366 or email us at info[at]flyingcolour[dot]com.
*Please Note: This article was published on 4th October, 2020. 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.
