The people of Dubai love to arrive in luxury, and they are willing to pay for the pleasure, whether it is for a party, wedding, or corporate function.
This is only one of the many fantastic reasons to launch a limousine company in this region of the world. In fact, the market for limousine rentals is expected to expand at a CAGR of 7.7 percent through 2024 due to the high demand for cars that make people look like millionaires.
The following are a few of the important factors to take into account when starting a business in this sector:
- Perks of opening a limousine company in Dubai, United Arab Emirates
- How to launch a limo company in Dubai, United Arab Emirates
- How much does it cost to launch a limousine company in Dubai, United Arab Emirates?
- How to start a limousine company in Dubai, United Arab Emirates
Perks of opening a limousine company in Dubai, United Arab Emirates
Let’s begin with a benefit I’ve already mentioned: demand. Dubai is always likely to maintain a strong limousine rental sector given its appetite for luxury and a populace that frequently strives to impress.
Demand is fueled by more than just weddings, parties, and events. With thousands of business travellers using the UAE’s airport to arrive and depart, upscale shuttle services might also generate consistent income.
The various advantages of establishing a business of any kind here in the UAE must also be taken into account. The nation has a tax rate of 0% on both corporate and individual income, a low VAT rate of just 5%, and an easy and uncomplicated process for forming a business.
How much does it cost to launch a limousine company in Dubai, United Arab Emirates?
In the UAE, a business licence for a limousine service typically costs around AED 23,000. There is, however, a lot more to think about.
In addition to this sum, you must factor in the price of the necessary trade permissions, premises, staff, and vehicle expenses like insurance. This includes obtaining permission from the Roads and Transport Authority and registering all employees with the Ministry of Human Resources & Emiratization.
Contact the company registration in Dubai team for a thorough quote that is tailored to your precise needs.
Tips for beginning a limousine business in Dubai, United Arab Emirates
Some tasks are self-sufficient when starting a limousine company. You clearly state that you will carry them in style from point A to point B. Of course, your business is far from the only one in Dubai providing this service.
Branding can help with that. You must be able to distinguish your company from those of your rivals. This might be accomplished by eye-catching marketing, affordable pricing, or exclusive in-car services.
You should also think about how to best reach your target audience with this message. Most frequently, this is accomplished through social media and online advertising, which provides a quick, easy, and comparatively affordable way of promotion. But you should also take into account other avenues, such networking gatherings or direct mail advertising.
Focus on your niche, then. Focusing on a certain industrial niche can be an excellent approach to break into the market when there are so many limousine companies fighting for customers’ attention. It might be an underserved region in Dubai or a specific service, such airport runs. Once you’ve gained a foothold, you can broaden your product line and focus on capturing a larger market share.
Why choose business setup consultants to launch your business?
After deciding to launch a limousine company in the UAE, the next choice is whether to register with the OnTime, company incorporation in dubai. We are the foremost authorities on all matters pertaining to business establishment in Dubai and we make the entire procedure quick, easy, and even entertaining.
Commercial, industrial, service, and general trading licences on the mainland are all things we can help with. And that is only the start. We can also assist you register a corporate bank account and manage your visa application.
Our knowledgeable team is aware that no two firms are the same. As a result, they will always take the time to learn about your needs and build our licence solutions to suit them.