At Dubiz, we understand the complexities & challenges of establishing a business in UAE’s evolving landscape. Our suite of expert business setup services is specially designed to support your venture at every stage, from inception to expansion.
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The landscape of UAE is volatile to economic growth, especially with the easy global reach and diversity in the market. There is a huge demand around the globe to start a business in Dubai so that they can also enjoy this exponential growth. Construction business in Dubai can be a great way to get yourself established in the Emirates. While the idea seems pretty good, the process involved is complex and requires you to have the right set of guidelines and knowledge to efficiently reach your goal of establishing a business. Thus, we will be using this blog to help you get all the required details on the topic and help you start the construction business in UAE.
One of the many business ideas in Dubai is the construction business which has a market value of over USD 90 billion and is responsible for a significant amount of active projects in the Middle East. With a predicted compound annual growth rate (CAGR) of 4.69% from 2022 to 2027, the sector is expected to achieve a valuation of USD 133.5 billion. A solid grasp of construction procedures, laws, and sector-specific expertise is necessary for success in this fast-paced market.
To start a construction business in Dubai, there is a well-defined structured process that you will be required to follow. Apart from the process, there will be various permits and licenses that become mandatory and are discussed in the next section of the blog.
A mainland company needs a local partner (51% ownership), however, it is ideal for dealing within the United Arab Emirates. 100% foreign ownership is possible with a free zone company, however there are limitations on domestic trade.
Choose a distinctive name that conforms to UAE laws for your business and get it registered with the concerned authority. Send the Registry Office three possible names.
For mainland businesses, obtain initial approval from the Department of Economic Development (DED); for free zone businesses, obtain initial approval from the appropriate free zone authorities.
Get a lease for the space you utilize for your office or warehouse.
In case of mainland business setup, get construction permits, food licenses (if applicable), and other necessary clearances from the Dubai Municipality. For freezone business formation, you will need to secure the required permissions from the relevant free zone regulator.
Fill out the application and send it, together with the necessary paperwork, to the DED or the appropriate free zone authorities.
After being accepted, pick up your trade license from the free zone authorities or DED.
To oversee the funds of your company, create a corporate bank account.
If necessary, apply for visas for both you and your staff.
You can begin operations as soon as you have obtained the required permits and approvals.
Construction business in Dubai does not require only a license, but there is a whole set of paperwork that should be done in order for you to start working in this industry. To understand the requirements, you can go through the following points:
For those who are planning to start a construction business in Dubai, we suggest you get in touch with a firm helping with company formation in UAE, like Dubiz Business Setup.
The initial expenditure needed to start a construction company in Dubai usually ranges from AED 15,000* to AED 50,000*. The precise price, however, may differ depending on elements such as office space, business operations, company structure, and extra licensing.
Government fees, visa fees, office rent, and startup charges are important expenses. To obtain an accurate quotation for your unique business requirements, it is imperative that you carry out in-depth research and speak with local business setup specialists. For a detailed quote, you can get in touch with Dubiz business setup.
There are various advantages to starting a construction business in Dubai. These are:
While a construction business in Dubai is a great idea of business, you will need help to establish it in the Emirates. But you don’t have to worry about it, Dubiz business setup has it covered for you. From licenses to Dubai work visas to UAE residence visas, we have you covered. So if you are someone looking for a reliable business setup firm, then all you have to do is Call or WhatsApp us at +971563695485 or email info@dubiz.co.
There are various ways using which you can get construction projects in Dubai. You can use online sources that release lists of upcoming projects or can get referred by your acquaintances. The ever-developing Dubai has a lot to offer for your construction business.
Before you can begin work, running a construction company in Dubai requires a number of approvals. The following are some of the many required approvals from the Dubai authorities: For business setup, structure, naming, operations, and other essential licenses, Dubai authorities mandate that all business regulations be upheld.
Yes. The yearly renewal of construction licenses is essential to maintaining a high construction quality and safety standard.
The starting cost of a construction license in Dubai is AED 15,000*. However, this is subject to many factors and might deviate. In such a situation, it is better to get in touch with a firm dealing in company formation in Dubai.
Large-scale projects and infrastructure development are the main drivers of Dubai’s booming construction industry, which presents construction companies with profitable opportunities. The UAE’s attractive business climate, which includes supporting government policies and ease of doing business, adds to its allure. There is a consistent need for building services because of the city’s advantageous location and emphasis on real estate development and tourism.
