Prime Tower, Office# 2707, Business Bay, Dubai, UAE
The UAE enjoys a modern, diverse and growing retail food sector. The emergence of hypermarkets in recent years has led to a number of new players in the large store market. An estimated 90 percent of food is imported and prices are relatively high given transportation costs and exchange rate fluctuations.
Retail development is more focused in Abu Dhabi, Dubai and Sharjah, the three largest emirates of the UAE which account for nearly 75 percent of the population, major retailers are including smaller emirates in their expansion plans. Consumers in the three large emirates tend to shop more at larger stores and less at smaller grocery and convenience stores; such stores are relied upon for last minute food needs. However, in the more distant suburbs and the less-populated areas of the country, grocery and convenience stores play an important role in the retail business. Hypermarkets, superstores and supermarkets, despite their limited number, are gradually gaining larger market share, accounting for about 50 percent of all retail sales. Smaller-sized groceries and convenience stores account for the balance.
What could be more on demand and in demand than laundry in the UAE? Now a number of new online businesses are working to disrupt the traditional shop front industry by offering customers business models that play to their needs.
The profit in laundry business depends on the ways in which you are running your business. For the efficient business management, you have to discover the latest market trends and understand the future market growth for laundry industry in UAE. One has to analyze the most updated research data, competitive threats and plan the strategy accordingly.
Laundry Business, is the cleanest- dirty business in the world, and the Dubai market is no exception. Being a fast paced city, the working individuals always prefer getting this “dirty” job outsourced! so like any other business in Dubai, it all comes down to Location and the western expats (in and around the New Dubai area - JBR/JLT/Marina etc.) are more keen to have laundry service on a regular basis.
Drawn by the country’s affluence, food suppliers from all over the world vigorously compete for market share. EU and Asian products pose the greatest competition to U.S. products. Both hold a proximity advantage, which translates to lower freight costs. Locally processed food products are limited in range and are most competitive in the categories of snack food, juices, poultry, bottled water, dairy products and some confectionery items.
from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
2 Persons can open up an LLC
The maximum number persons or employees an LLC can have is 50
If you want to open an LLC in Dubai then you have to invest a minimum of AED 300,000/- or USD 81,744/- which is abysmally when compared to the higher forms of organization set ups.
If you want to open an LLC in emirates other than Dubai, then the capital requirement is further down to AED 150,000/- or USD 40, 872/-.
The DED is the vital government body for registering and licensing companies who intend to do business in the mainland of Dubai. The DED recently has been updating its rules and regulations to act as a one stop shop service centre for all licenses in mainland Dubai. Today DED provides fast track services compared to most of the government authorities in other emirates or neighbouring Gulf countries.
Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space
Apply for a trade license
Submit docs and pay license fee
Obtain license & start business operationbr>