The number of foreign investors interested in investing in Dubai, which has scope for all kinds of businesses, is increasing. One of the important factors is that the UAE government provides many benefits to those who come there with business interests. All the emirates (seven) of the UAE, including Dubai are connected to each other, thus benefiting all types of businesses. Not only that, Dubai has two ports that can be described as the best in the world. The UAE government has given huge tax breaks to those who are interested in business in Dubai or other emirates and is an incentive for investors from different countries of the world to come there. And another important reason is that those who start a business in the UAE, including Dubai will have full ownership rights. The laws in the UAE have been relaxed in many ways for foreign investors. The UAE government is trying to make Dubai the best business city in the world rather than just a tourist destination, however, Dubai is one of the brightest cities in the world for different reasons and their thinking is broader than traditional orthodox thinking.
How to start a furniture business in Dubai, UAE?
Furniture business is one of the profitable business opportunities in the UAE that Dubai offers in today’s scenario. We know that in Dubai (in all countries) furniture is a very essential consumer product and its field of use is very wide. Whether it’s a small house, luxury house, flats/apartments or offices – furniture is essential. As part of the interior-design, different types of furniture are required according to the characteristics of the space. Today’s living conditions in Dubai are equal to developed countries in the world, so luxury furniture, especially wooden, wooden carved and wooden ornamental furniture, is in great demand in Dubai.
Try with the help of any business setup consultancy
If you are interested in setting up a furniture business in Dubai, then it is beneficial in today’s situation. Furniture business is profitable here, but even if your business interest is a good idea, it is not at all wise to think that you can just jump in and start spending money. There are many things to consider when starting a furniture business in Dubai and they are important. There are many Business setup consultancies in UAE; you should never try to start a business in Dubai without the help of such agencies. Many business set up consultancies provide good services. If you try to ignore them and start a business on your own, your efforts will be in vain. Any kind of business requires approval and license fro the department of the Ministry of Commerce in the UAE.
Good knowledge and experience of business setup consultancy will make things easier
Accordingly, there are many documentation formalities; you can start a furniture business (any type of business) in Dubai only if all that is done perfectly. The help of business set up consultancies that have good experience in such matters is enough. They have good influence in the Ministry of Commerce, so contact any consultancy. Consultancies have experts who can provide complete solutions for starting a business in Dubai. A reliable business setup consultancy can provide trade licenses, company registrations, government approvals, PRO services and everything else involved in setting up a company in Dubai.
The first thing to do is to choose a suitable location, then with the help of consultancy, get business licenses and registrations from the necessary authorities, learn the rules and regulations relevant to furniture businesses from DED (Department of Economic Development). By completing the documentation process and providing guidance on starting a business in the UAE, business setup consultancies will enable you to take the first step business in Dubai.
In terms of investment capital, there will be a difference depending on the furniture company
Each furniture company (store) is different from one another, so there are factories that manufacture only wooden furniture, and then furniture factories (marketing stores) are also different in depending on the variety of products, such as bamboo furniture, artificial wood furniture, steel furniture, plastic furniture etc. However, do you want to know how much money you will need to start a decent furniture company? It can be said, starting a furniture business can cost anywhere from $ 1-20 million, depending on the complexity and size of your furniture store and warehouse. Storefronts and showrooms, ongoing payroll costs (sales and delivery crew), inventory costs, and visual merchandising costs are unavoidable. When will you get an estimate regarding the furniture company?
In some cases, the costs may exceed the exact figures
Furniture business requires more space as compared to other businesses. It is important to have a good display for the furniture. Hence you need ample space and accessibility for your furniture business location. So keep all this in mind and choose according to your budget, required area, accessibility, amenities and connectivity to other places.
Then, there are other things that cost money, such as renting or leasing office space for your furniture company. Before choosing your office space, consider the current size and potential for growth of your work force, the lay out you want, and the technologies you want to use. Although, there may be some problems at first, furniture business is very promising and profitable, if you consider it as a business.
The business setup constancy named Bizvise in UAE is very reliable, seek their help, Bizvise will provide the best service.
How much do you need to start a furniture company?
To start up a furniture business costs from $1million—20 million depending on the complexity and size of your furniture store and warehouse. Hard costs such as storefronts and showrooms, ongoing payroll costs (sales and delivery crews), inventory costs, and visual merchandising costs are unavoidable.
What is the cost of starting a furniture business in UAE?
The final cost of starting your furniture business in the UAE include many factors such as marketing, hiring staff, additional approvals, office space and more. For this reason, there is no fixed cost for setting up a furniture business in the UAE, but roughly, a furniture company set up costs around AED 25.000 to 30,000