What business should I start with 10000 AED in Dubai?

Answer 1

"Starting a business isn’t difficult. However, your initial investment will highly depend on how much working capital you wish to maintain once you take care of all the setup costs for your business. Below are some of the general costs that most, if not all, business will have to consider while setting up a business in the UAE:

1. Licensing Costs – 11,000 AED to 20,000 AED

2. Sponsor Fee/ Costs – 10,000 AED to 15,000 AED

3. Visa Costs – 6,000 AED

4. Business Centre Costs (1 year) – 20,000 AED to 25,000 AED

The above are the costs for an expat to setup a business in the UAE. UAE Nationals have access to various rebates and perks offered by the government. The above is also on the assumption that you do not hire any staff. Considering all the costs on a higher side, we can assume you would have to spend around 66,000 AED to just register your business. You will then have the remaining capital left for your operational expenses.

So in theory if you wish to start a business in the UAE with 100,000 AED you will need to assume that you will spend about 60,000 AED of the amount on setting up your company and hence, look for business ventures that can run with an operating expense of 40,000 AED or less. Even if your business does breakeven or makes a profit in the first year you will need to reinvest a certain sum in the second year to ensure your survival.

It is a good idea to consult with a business consultant. Business consultants can help you evaluate this decision and provide you with options to use the amount optimally. They can either provide you with ideas or opportunities for investment, or help flesh out a business plan based on your idea and the amount that you have to work with. They can also help you with all the inputs required to develop not just your business plan but your business too. We at Centurion Consulting LLC, based in UAE, offer various advisory services like Business Consulting and Restructuring, Market Research, Feasibility study, Business Plan with an investor deck, Market entry strategy, Regulatory compliance study, Financial modelling and more for SME’s and Start-ups in the MENA region."