The UAE is witnessing an impressive surge in tourism, with projections indicating over 17 million visitors in 2024. This growth is driven by the country’s world-class attractions, major events, and cutting-edge infrastructure. As a result, the hospitality sector is flourishing.
Financially, the hospitality industry is thriving. For entrepreneurs eager to seize this opportunity, obtaining a hospitality business license in the UAE is a critical step. Here’s everything you need to know:
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Starting a hospitality services business in Dubai offers numerous advantages for entrepreneurs looking to tap into the booming market. Here are some key benefits:
Dubai’s booming tourism and event sectors create a consistent demand for hospitality services, ensuring a steady flow of business.
Businesses set up in Dubai’s Free Zones enjoy full tax exemptions, including no personal income tax, allowing you to maximize your profits.
As a foreign entrepreneur, you can own 100% of your hospitality services business without needing a local partner, ensuring full control over your operations.
You can repatriate all profits, giving you the flexibility to transfer your earnings abroad without restrictions.
Dubai’s state-of-the-art infrastructure, from luxury hotels to transportation hubs, provides an ideal environment for hospitality businesses to thrive.
A hospitality services business in Dubai allows companies to engage in a broad range of activities, including:
Providing services for personal and corporate events, such as weddings, birthdays, exhibitions, and meetings.
Offering guest services like airport reception, concierge, and tours.
Managing and executing high-profile events, from corporate conferences to private celebrations.
Catering services for both corporate functions and personal events, ensuring top-notch guest experiences.
Here are some steps to obtaining a Hospitality Services Business license
You can set up your business as sole proprietorship, a partnership, a limited liability company (LLC), a Free Zone company (FZCO) or a branch of a foreign company.
Choosing the right Free Zone for your business activity is important. It is crucial to determine the specific trading activities to define the business scope and then select the right freezone.
It is important to ensure that your business name should not be offensive or violate any trademarks or intellectual property rights and must comply with the guidelines set by the Department of Economy and Tourism (DET). An initial approval will be required from DET, after which you can reserve your trade name.
Prepare and sign the Memorandum of Association (MOA). If you are setting up an LLC, you will need to prepare and sign the MOA.
Obtain necessary approvals and licenses. Depending on your business activities, you may need to obtain additional approvals and licenses from various government authorities.
A soft copy is sent via email, and the original licence is available for collection from the office upon request.
IFZA creates easy access for companies to establish their business and enables Dubai as a global hub to drive future growth of the economy as well as attract investment.
IFZA Dubai provides fast and easy Free Zone company establishment with world class access to global markets.
IFZA provide numerous Free Zone company establishment benefits such as:
Starting a hospitality business in Dubai offers access to a thriving market, tax benefits, 100% foreign ownership, repatriation of profits, and world-class infrastructure that fosters growth and success.
Yes, foreign entrepreneurs can own 100% of their hospitality services business in Dubai, especially when setting up in a Free Zone.
The selection of a Free Zone depends on your business activities and goals. It’s essential to determine your specific trading activities to select the right Free Zone for your business.
Free Zones in Dubai offer full tax exemptions, including no personal income tax, making it an attractive option for business owners who want to maximize their profits.
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