Dubai is undoubtedly a premier tourism destination that attracts visitors from around the world. As a result, the UAE travel and tourism industry experienced immense growth. For the record, Dubai welcomed nearly 17 million visitors annually in 2020, with significant tourist spending exceeding AED 143 billion.
According to Dubai Tourism, Dubai welcomed 1.77 million overnight visitors in January 2024, an increase of 21% compared to 2023. Overall, the country’s tourism outlook remains optimistic. By 2028, the travel and tourism sector is expected to contribute approximately AED 280 billion to the UAE’s economy.
The local dynamic industry offers aspiring entrepreneurs a remarkable opportunity to cater to a niche. In summary, we offer an insightful overview of the tourism industry in Dubai, UAE, and the essential steps to launch your own travel and tourism company in the region.
Dubai has swiftly emerged as one of the world’s most sought-after tourist destinations, attracting millions of visitors annually. The emirate’s travel and tourism sector is flourishing, with a direct tourism contribution forecasted to reach approximately USD 20.9 billion by 2026.
Continued investments in infrastructure and the development of private hotels and resorts are poised to elevate Dubai’s appeal to global tourists further.
The Dubai Tourism Strategy 2020 aims to attract 20 million visitors annually, solidifying Dubai as the preferred choice for international travellers. With a vast audience of potential customers, the UAE’s travel agencies and tour operators stand to benefit immensely. Here are the essential steps to kickstart your journey in this thriving industry:
Registering Your Company Name: The initial step involves selecting and registering a unique name for your company, adhering to specific naming conventions and ensuring distinctiveness. Creative Zone can facilitate the trade name registration process on your behalf, ensuring compliance and efficiency.
Acquiring a Business License: Depending on whether you opt for a mainland or free zone setup, obtaining a travel and tourism license involves navigating different procedures. Creative Zone’s dedicated experts streamline the application process, ensuring a seamless experience.
Completing the Visa Processes: Securing a UAE residency visa is essential for living and working in the Emirates. Creative Zone provides comprehensive support, guiding you through the visa application process, including medical assessments and sponsorships for dependents.
Opening a Bank Account: Establishing a corporate bank account is a crucial final step before commencing operations in the UAE. Creative Zone assists in connecting you with suitable banking partners, simplifying the often intricate process.
Now that you’re equipped with a clear roadmap for company setup, it’s essential to understand the necessary documentation:
While embarking on this entrepreneurial journey, it’s crucial to consider the financial aspects. Navigating the intricacies of business setup in Dubai demands time. However, partnering with the right experts can significantly streamline the setup process.
NH Management offers a range of solutions tailored to your requirements, from the mainland to offshore and free zone company setups, along with visa and bank account assistance. We’ll handle the complexities while you focus on growing your business. Contact us today to learn more.
With the proper guidance and support, your venture in Dubai’s thriving travel and tourism industry is poised for success. With the guidance of NH Management, take the first step towards your entrepreneurial travel business dreams.
Everything You Need to Know in Opening a Company in the UAE