Given the geopolitical environment, in which the UAE is drawing closer to Israel, the United States, and India while maintaining a distance from Turkey, Malaysia, Pakistan, and, to a lesser extent, China, India has a great opportunity to fill the gap because the UAE has become a desirable location for skilled, semi-skilled, and unskilled workers and businesses.
Having a favourable tax environment, a technically skilled workforce, easy access to financial resources, and trading opportunities are all advantages. Due to its central location in the Middle East, Asia, Eastern Europe, and Africa, Dubai (UAE) has merged as the most preferred place for business. Because there are over 15 million potential buyers, financial security, political stability, and no corporate tax, there are numerous opportunities.
The most advantageous segments are:
- Information Technology and Web designing and developments
- Financial Services
- Professional and educational opportunities
- Transportation and logistics
- Jewellery & Precious Stone
1- Information Technology and Web designing and developments
There are numerous opportunities for web design and development. Furthermore, because most companies or clients outsource their work, you and your company can work as freelancers for UAE clients. Indians are known for being IT professionals who can deliver on time, making information technology and web design and development an ideal sector for job creation and business growth. Information technology and SEO-based web design have business opportunities in every sector in the UAE.
2- Financial Services
With so many opportunities in the financial sector in the UAE, there will be a high demand for financial services such as accounting, auditing, and bookkeeping. If you have expertise in these areas, you may be able to take a piece of the pie. Following the implementation of VAT in 2018, these services will require more calculation and accounting, which will be beneficial to the financial sector. India’s strong domain of information technology is also very helpful in financial services.
There are numerous healthcare options available between India and the United Arab Emirates. Forceful leadership and decisive actions are the deciding principles that have brought the two countries closer than before. The Director General of the Dubai Health Authority is eager to work with the institution to improve and streamline the healthcare system through the use of technology and knowledge transfer. This partnership is ideal because India is the global hub for pharmaceutical generic manufacturing. The UAE healthcare industry strives to provide the best service to its patients. The hospitals are excellent, and the doctors are highly skilled. If you want to sell pharmaceutical products in the UAE, you must first have your product and company approved by the UAE government.
4- Professional and educational opportunities
In the United Arab Emirates, there are the most international schools in the world.
The educational sector is expected to grow at a faster rate than the rest of the GCC.
The UAE education sector, which includes pre-primary, primary, secondary, tertiary, and vocational education, has experienced consistent growth.
By 2022, the number of students in the UAE is expected to be around 1.8 million.
The UAE is at the top of the list when it comes to attracting private investors to the educational sector. Indians are also well-integrated into the system, with senior positions. Because of the large number of expatriates in the UAE, as well as the desire of citizens to send their children to schools that provide high-quality education, international schools are very popular. The educational and training sector offers a plethora of business opportunities.
To start your business in Dubai, you’ll need to obtain a Tourism License. Here are some possibilities:
Packages for offline and online tourism are available.
Travel insurance is a necessity.
Staying at the hotel.
Air, train, and bus tickets are all available.
Car rental services are available.
Packages for adventure tours.
Packages for adventure tours.
6- Logistics and transportation
Dubai Logistics’ business opportunities provide competitive advantages in the international market. The following are some of the options available to us if we start a business in the free zone:
We can conduct business in this tax-free zone for both the domestic and international markets.
Appropriate financial banking services, as well as the use of modern logistics centres
Tax and customs payment optimization on a global scale
Can ensure that freight forwarding activities and pricing policies are followed.
For many years, the UAE’s main source of revenue was oil. It is a multilingual home with foreign expats living under the same roof. All seven Emirates are now major apparel and textile manufacturing centres. India offers excellent opportunities for supplying raw materials such as cotton, yarn, and other supporting materials. Establishing a garment business in a retail store or a manufacturing firm can be a profitable and easy-to-move venture.
8- Precious Stones & Jewellery
Apart from apparels and footwear, Dubai is the largest consumer and supplier of jewellery and precious stones in the Gulf Cooperation Council (GCC).
India has a significant presence not only in supplying the above-mentioned articles, but also in designing and providing professionals in the manufacture, sale, and distribution of these items.