Get ready to start your business setup in the UAE; we have compiled a list of business ideas. These ideas will help you to start and grow your business with a bit of inspiration and room to grow overtime. Business Setup Company in UAE supports your venture by categorizing the business idea according to their investment, type, and potential.
Great business ideas are the outcome of passion, skills, strategic timing and timing. Outsourcing is one of the best business practices of hiring an outside company to perform services that were traditionally performed by in-house employees or company’s own employees.
Business Setup Company in Dubai usually encourages your business by conducting exact market research and find out the business in highest demand. While most of the businesses outsource their human resource functions like employee training or payroll, some people focus on manufacturing-focused tasks like product design and development. Company formation services ensure detailed market research and offer wide variety of services for complete business setup.
Consider about the investment to start your own business, whether it’s to obtain finance or from your personal investment. While calculating the expense, consider all the factors like business permits, facility costs that include leases, staff, wages, and equipment. After new company formation creates marketing plans that reach your target market and how outsourcing companies help their clients to facilitate their day to day operations.
What are the top 20 business ideas in 2021?
1. Bookkeeping and accounting services in UAE
Accounting consultancy in Dubai with good accounting software or licensed CPA, then it’s time to help out entrepreneurs who could utilize your accounting services to keep their business and personal finances in order. Bookkeeping and accounting outsourcing in Dubai processes the invoices and payroll; compile the expense reports, and more. If you have CPA license, then it helps out business owners to file taxes, generate balance sheets and accounting documents and other professional recommendations about your client’s bottom line. Accounting outsourcing is a lucrative business idea if you have the right skills!
2. Marketing services
Lot of entrepreneurs are aware of their marketing plans and different ways to market their own ventures. Implementing a business plan and achieving that goal can be a very daunting task especially for new entrepreneurs with very less marketing experience. While starting your small business that doesn’t have any in-house people to actualize their marketing goals, you can start by writing blogs, firm up SEO strategy, inbound marketing tatics, generate ad campaigns, and work on all the marketing trends to help them achieve their goals.
3. Tech consulting and implementation
If you’re a tech expert and looking for a complete business setup then, tech consulting and implementation is a perfect opportunity for business. Whether it’s a simple video surveillance system or high-tech implementation like machine-learning, then your technological experience may pay off big time. Since it’s around the pandemic, you can start the business from the comfort of your home and work on it. The businesses are capable of handling tech problems and market your business accurately.
4. Legal service company
Legal service company setup sort out all the legal complications that handle litigation support, analysis or drafting, document review, legal documentation and other sample tasks, most of them never expect outsourced legal squad to protect their company’s legal complications bit, they ensure confidentiality and trust in their every single operation. Most of the accounting firms work on legal services particularly small businesses who can afford employ expert legal professionals.
5. Business consulting
If you have experience in doing business for a long time, then start a business that helps out companies from tight situations through perfect advice and consulting. Convert your years of experience into a brand new career opportunity as independent consultant. Business consultants are usually paid to speak at different industry conferences or events. The company formation services serve on a board of advisors with expert knowledge on shaping the strategy of any existing business on a contract basis. Starting a business consultation is a great option to make sizable income while working on your specific terms.
6. Social media management
With internet taking over our everyday lives, social media management has become a specific marketing strategy among lot of entrepreneurs. This business setup has a great source of benefits to entrepreneurs. If you’re an internet expert with expertise in instagram, or carry out your whole conversation within 280 characters then, cultivate a client base that need help in their social media platforms.
7. Research and development company
Most of the companies outsource their research and development tasks, starting from pharmaceutical research, customer demographics, market research or even financial research is handled by an outsourced team.
Business Setup Company in UAE wok on all the essential tasks to bring up your outsourcing firm, Specialize in unique research and find out the best development niche
8. E-commerce consulting
E-commerce is a business setup increasingly popular in the recent ages. Obtaining your e-commerce business license or adding an e-commerce component to the existing companies is an easy task. E-commerce license cost is easily affordable. You can turn your business into a business setup providing business advice and guidance on improving your selling experience.
Eco-consulting service or LLC formation comfortably helps you to start a business in an environment friendly manner. The offices work on to evaluate the processes, offering solutions to make them more environmentally friendly. Whether it’s a simple energy-efficient appliance, or recycling program, try to become a certified eco-consultant to boost your credibility with potential clients.
10. Business planning service
Writing a business plan is significant in every business stage, but the process cannot be implemented by all entrepreneurs. So, it’s a good outsourcing related business opportunity among seasoned business owners. If you’re aware of writing business plan then show your expertise in business funding plans, competitor research, and so on.
11. PR firm
Most of the companies offer this service in the UAE, as businesses become more specialized, their public relation needs also differ. Some of the fair trade, organic, local, B corps and other kinds of businesses are socially responsible to deliver a whole different kind of message to your audience. The business setup needs careful research and specific niche to achieve success. PR firms specialize in certain business categories that need a specialist.
12. Safety consulting business
Business Setup Company in Dubai considers security services as a trending business idea for small companies. Since, small businesses are forced to comply with increasing safety regulations, it’s a good choice to prefer safety consultant, who show their expertise on safety on full-time basis. To start with this llc formation, it’s necessary to have knowledge and capabilities. Safety consulting is a trending business opportunity for its high demand and extra income.
13. Business opportunity research company
According to the latest reports, this business setup is gaining popularity from the past few years. Most of the entrepreneurs are earning substantial income, by keeping up an eye on the forthcoming trends and business opportunities. They plan around these information and sell it to major corporations. If you have that product ideas or business ideas with right market potential, then sell such ideas to major corporations.
14. Residential management company
Real estate management is a daunting task, people in real estate or anybody with a rental property would consider residential management company to work on their services. Because of recession, lot of homeowners couldn’t sell their properties with no experience in dealing with tenants. So, if you’re capable of handling people or have the knack for real estate, then property Management Company would be a great venture to start with.
15. Brand consultancy and management
Business Setup Company in UAE promotes brand consultancy services to support small businesses. If you have that capacity to help business builds their brand awareness and corporate identity, then start your own brand consultancy and management to offer unique services to big or small firms. It’s essential to understand the success trends and the effectiveness of market strategies. Marketers and advertisers have a huge demand as long as advertising remains important for any business.
16. Transcription business
Transcription business setup is essential in fields like medicine, law, and business. The nature of work is simple and manageable with limited time, so people can start it as a part time or full-time job. It’s a great choice for people who work at their own schedule and pace. While certain transcripts require sticker scheduling requirements or work involves transcribing audio or video.
17. Tax filing and preparation services
Filing VAT return is pretty time consuming and requires a specific set of skills. Entrepreneurs look out for good tax consultants in UAE who can life their tax filing burden for them. It’s a profitable business opportunity in competitive business market. If client uses online accounting software, they will simply give temporary access. Tax consultants in UAE have standardized the tax filing and preparation costs like Value added tax, service tax, and TDS return preparation are comfortably outsourced in UAE.
18. Sales Training
Every business lies on the amount of sales it generates. It’s better to outsource sales training, so they can have time to take care of other business activities. To succeed in business convince your clients embed their company values and ideas in training strategies.
19. Health care business process services
Health care services face lot of challenges and often their work is hindered by the administrators. While starting with your business, it’s customized to remove the complexity of tedious tasks. The business will have to focus on healthcare BPO, and health care support services that ensure resource allocation, financial performance, and also, increase the effectiveness of providers. The business setup should focus on delivering reduced administration cost and enhancing patient satisfaction.
20. Payroll processing company
Payroll services in Dubai is a trending business idea where people find it difficult to manage their in-house payroll. It’s a great option for business with more than 15 employees, handling monthly payrolls is time consuming. Outsourcing payroll services will keep track of your worker’s tax returns, bonus advances, loan advances, joining, and exit formalities, employee vacation, and so on.
Tips to start with your own business
After deciding to setup a new company, the important step is to form your business. Most of the companies prefer LLC formation. This keeps your assets separate from company, free from personal liability, and assure tax benefits of being a sole proprietor.
What are the most common small businesses?
Some of the successful small businesses include,
- Real estate leasing and sales
- Legal services
- Dental offices
- Accounting, bookkeeping, payroll services, and taxes
- Outpatient care businesses
- Warehouse and storage companies
- Medical laboratories
- Mineral quarrying and mining
How to establish your company in the UAE?
Follow the below steps to start your own business in the UAE,
- Choose a perfect business idea
- Research on the market and competition
- Find the investment and set aside capital
- Write a business and marketing plan
- Select a business name and brand identity
- Legally start your business by forming an LLC formation
- Keep your finances in order by hiring an accounting outsourcing companies in UAE
- Create a business bank account
- Start marketing by creating a business website and social media presence.
Why choose A & A associates as your business setup company in UAE?
Most of the businesses handle normal activities, but they need some external help to move on with their business or projects. A & A associates provide hassle-free business setup as well as online accounting to manage your day to day expenses.
In this challenging economy, it’s essential to connect with accounting service providers in Dubai to manage your cash flow. We take up outsourcing works and consider it as the growth strategy to focus on core business ideas.
All the above mentioned small business ideas can earn you a decent income with very low startup cost. If you’re ready to get started, then consider A & A associates as your business setup company in Dubai.