When you think of Dubai, you think of buildings. And with good reason. The emirate is home to some incredible structures – not least the tallest in the world, the Burj Khalifa.
Each of those skyscrapers, commerce parks, office blocks, hotels, and more have something in common. They all need maintenance. And while it may not sound glamorous, building maintenance is big business.
The UAE’s overall facilities management industry was valued at over USD 14bn last year and is expected to grow by 10% between now and 2030. For entrepreneurs with the drive and expertise to meet this demand, there is a significant opportunity.
And when you start a UAE business with the help of Meydan Free Zone, you can have your building maintenance company up and running in no time. Our team are expert in business setup in Dubai and can help you with licensing visas, and much more.
Benefits of starting a building maintenance business in Dubai
A world of potential clients is obviously one of the major pulls when starting a building maintenance company in Dubai, but it’s far from the only one.
You also need to consider the UAE’s attractive tax rate of 0% on personal income. And then there are the many benefits of setting up in a Dubai free zone. These include total freedom to repatriate capital and profits.
When you start your business in Meydan Free Zone, you’ll also benefit from:
Premier location
Being at one of the most sought-after centrally located commercial addresses in Dubai puts you minutes away from major pulse points and the city’s vital commercial and financial hubs.
Easy start up
Benefit from a smooth registration process with access to priority government relations assistance and broad support services tailored to address your individual business needs.
A great place to live and work
Take advantage of the unique opportunity to live and work in Meydan’s premium mixed-use developments offering innovative office spaces that encourage business growth.
Steps to start building a maintenance business in Dubai
Before embarking on your license application, you should first familiarise yourself with the local business landscape. While the UAE corporate environment is welcoming, with low barriers to entry, there are some ways in which it differs from other countries.
One of the first things you’ll need to do, which is perhaps not such an involved process in other parts of the world, is choosing your company name.
The UAE has a set of naming parameters that you’ll need to stick to. But don’t worry, all are straightforward and largely common sense. Essentially, you should avoid blasphemous and offensive language and the names of well-known organisations. There are a few more rules, too, which we will cover in your initial consultation.
You’ll need to register your chosen company name with the relevant Department of Economic Development or Municipality. Your contact at Meydan can handle this step for you.
It is also important when starting any business in the UAE that you clearly define your intended business activities. There are a few subsectors within the maintenance field – plumbing, heating, cleaning, and many more — so you’ll need to be specific as to the activities that you intend to carry out.
Your chosen activities will be listed on your trade license. And most importantly, you are not permitted to carry out any operations outside of these. However, you are permitted to add several activities to your license.
With this early part of the process successfully navigated, Meydan Free Zone can help you apply for your building maintenance license. There are several ways to do this.
You can set up a mainland business anywhere in the UAE. Or, you can set up a free zone business in a designated zone such as Meydan Free Zone.
When making your application, you will need to submit an application form containing details about your business and its shareholders, as well as proof of address and identification.
If you are intending to operate your business from the UAE, you will also require a visa. As part of this process, you’ll need to undergo a fitness test, blood test, and chest x-ray. You can also sponsor the visas of others, such as dependent children and parents, your spouse, and any domestic staff.
Finally, if you’re getting paid in the UAE, you’ll need a UAE bank account. Meydan Free Zone can help with this step, too, advising on the right bank for your circumstances.
What is the cost of starting a building maintenance company in Dubai?
The cost of starting a building maintenance company in Dubai starts in the region for AED 12,500-35,000 inclusive of formation and application costs.
However, total final costs will depend on many factors, including the size, nature and location of your business.
For a full breakdown, get in touch with the team at Meydan Free Zone.
Take your business to new heights at Meydan Free Zone
Meydan Free Zone is a thriving, centrally located economic district with one of the most prestigious business addresses in the region.
We offer our businesses a host of innovative investment and lifestyle benefits in a secure, regulated environment that empowers productivity. And we can help you join them too.
Our expert team can assist across the entire company formation journey, from registering your company name to managing your license and visa applications.
