The UAE has quickly become a top travel destination during the last 20 years.
Every year, millions of travelers come for business and pleasure to enjoy the top-notch eating options, sky-touching buildings, and gorgeous beaches.
In 2021, more than 7.28 million tourists visited Dubai.
Dubai recently modified its existing ownership laws and regulations. You can run your travel agency in Dubai as the sole proprietor because foreigners are now allowed to own 100% of their businesses.
Foreign businessmen wishing to establish a travel agency find Dubai particularly alluring due to its thriving economy.
The following factors must be taken into account first when a foreign investor considers establishing a business in Dubai:
- The business structure that the company will choose must be carefully researched.
- Whether there are enough funds to establish the business completely.
- It is crucial to know where the agency is located.
- For the benefit of the foreign investor, a local agent must register the business.
As long as all the requirements are met, starting a business in Dubai is rather simple.
If you are thinking about starting a travel agency in Dubai but are clueless about where to start, you do not need to worry. You have come to the right place.
This blog post will take you through proven steps to open a travel agency in Dubai. Here you go!
You first require a license.
How to get a license and open a travel agency in Dubai?
Starting a business involves a lot of legal procedures and formalities that must be followed. When you spend a lot of time in the corporate sector, you gain certain experiences.
But what if you are new in the business sector?
No worries!
This is where professional business consultants give you a helping hand. Not only do they assist you in selecting the business location, but they also let you obtain a business license.
Fortunately, experts of Bizstart help you turn your business dream into reality. Our professionals have prior experience opening Travel Businesses in Dubai.
You need to take the following steps when opening a travel agency in Dubai:
-
Choose a legal structure for your business
The rules and restrictions your business will be subject to in the future will depend on your travel agency’s legal structure in Dubai.
Accordingly, take your time and carefully choose the legal framework. These are the legal business structures in Dubai:
- Civil Company
- Sole Proprietorship
- Public Shareholding Company
- Private Shareholding Company
- Limited Liability Company
-
Select an economic jurisdiction
In Dubai, there are two different economic jurisdictions where you can open a travel agency. These are:
- Mainland
- Free zones
These two economic jurisdictions both have benefits and drawbacks. So, before you decide, take your time and conduct some research.
-
Hire a local agent
When relocating to Dubai for the first time, foreigners experience different cultures and languages.
It is strongly advised that you should avail the services of a renowned business setup
agency in Dubai.
Therefore, a local business consultant can help you resolve this issue.
-
Choose the type of travel agency you opt for
There are three types of tourism licenses available in Dubai. These are:
- Travel agency license as a travel agent
- Inbound tourism license
- Outbound tourism license
The type of tourism license you require to manage your travel agency in Dubai will depend on the business operations you intend to do through your company.
So, take your time and select your business activity carefully.
-
Get your initial funding
The size of your starting capital will have a huge impact on your decisions.
For instance, before you can apply for one of the tourism licenses, you will need to choose an office space for your company.
Your starting capital will also influence the economic jurisdiction you can choose. This is because establishing a business on the mainland is more expensive than in free zones.
What are the requirements for starting a travel company in Dubai?
You must give certain documents to the Dubai licensing authorities since they are necessary.
You need to submit a few documents for regulatory purposes.
The following paperwork must be submitted to the Department of Economic Development in Dubai in order to run a travel agency:
- No Objection Certificate (NOC)
- Tourism license application form
- Work experience certificate
- Passport copies of your manager and workers.
- Police clearance permit from the local police
It is difficult to remember every step and to make sure that all the necessary paperwork has been submitted on one’s own.
If you want to accomplish this task without any hassle, you can hire business consultants in Dubai.
In this way, you can save time.
Conclusion
There are numerous legal requirements and formalities that must be followed when starting a business in Dubai.
Due to its growing economy, opening a travel agency in Dubai has become the talk of the town these days.
Are you looking to establish a travel company in Dubai?
If you respond with yes, do not go anywhere. You have come to the best place.
This blog post uncovers proven ways to set up a travel agency in Dubai.
There are three different types of tourist licenses available in Dubai. The amount of your initial capital will greatly influence your options.
On the mainland, starting a firm is more expensive than in free zones. You can overcome this problem by hiring business consultant experts in Dubai.
They will guide you throughout the process. In this way, you can establish a travel agency in Dubai without any difficulty.
Bizstart, a leading business consultant agency in Dubai, has helped hundreds of foreigners to establish a business in Dubai. You can hire our specialists and establish your travel agency.