Over the years, the UAE has seen tremendous growth with new people moving into the country and new businesses popping up everywhere. In fact, more than 20,000 companies are formed in the UAE each year. With all of these new companies comes the demand for jobs that need to be filled. This is the perfect opportunity for a manpower agency in Dubai.
A manpower agency helps supply employees to third-party companies. Creating a company in Dubai is a breeze, and it is even easier with the help of a business consultant like MSZ Consultancy. Keep reading to find out why a manpower agency is a wise career move and why Dubai is the place to be for your successful business journey.
Starting a Manpower Agency in Dubai? Good Choice!
Dubai is an excellent place to start your manpower agency. The city is known by entrepreneurs around the world for its booming economy, innovative ideas, strategic location, and ease of doing business. But that’s not all! Here are 7 key reasons why Dubai is the place for you when it comes to forming your manpower agency:
1. Taxation Benefits
Dubai is a tax haven for investors. All companies can enjoy the tax-free benefit! That means business owners won’t have to worry about paying income taxes. This includes both person and corporate income taxes.
2. Minimum operation costs
Dubai is known for its low-cost business setup. The operation costs are actually lower than many other major global cities.
3. Business-friendly government
The government in the UAE has put many rules in place that are appealing to business owners. For starters, there’s a large number of international business treaties in place and strict export rules to prevent the illegal movement of goods. The government has also made it easy to get your business license and start your business.
4. No foreign exchange controls
There aren’t any currency restrictions in the UAE. Authorities believe this helps promote stability and confidence in the currency. The Emirati Dirham (or abbreviated as AED or Dhs) has been pegged to the U.S. dollar since 1980. There’s been a stable fixed rate of AED 3.6725 per $1 since 1997.
5. Duty Free
Business owners get to enjoy no import duties. However, there are some exceptions to this rule. Some imports like alcohol, tobacco, arms, ammunitions, and other items that conflict with local Islamic laws are heavily taxed at import and at the point of sale.
6. Readymade offices and factories
If you need an office space or building for your business, you won’t have any trouble finding a place in Dubai. The country is known for having a world-class infrastructure with world-class amenities in terms of office spaces, business parks, and warehouses.
7. Strategic location
The right location is crucial if you want your business to be successful. And when it comes to location, it doesn’t get any better than the UAE! The country is perfectly placed between Africa, Europe, and Asia. This makes it easy to transport goods between different regions. There’s also easy access to international airports and seaports.
How Can I Start a Manpower Agency in Dubai?
Now that you know all the great benefits of starting a recruitment agency in Dubai, let’s get started setting your company up!
The first major step you’ll have to take in forming your company is to choose your name. You have to make sure your name meets all the UAE guidelines:
- You can’t start the name with the words “international”, “middle east”, or “global.”
- The name must reflect the nature of your business activity.
- The business name can’t be obscene and have any indecent words or anything else that may offend the public.
Next, you’ll have to apply for a recruitment license. You can do this through the Department of Economic Development (DED). During the licensing process, you’ll have to submit several documents:
- Copies of passports from the company’s shareholders
- Copy of applicant’s family book
- Copies of ID Cards
- A statement of good conduct
- Copy of trade name application
- Written statements from the shareholders about starting the company
- A blueprint of the company’s office
After you get your license, it’s time to apply for your UAE visa. You’ll need a visa in order to live and work in the country.
The final step is to open your corporate bank account. This will make it easy to secure your monetary assets.
How Much Does it Cost to Start a Manpower Agency in Dubai?
Cost is an important detail of setting up your business because you need to know how much to budget for. The great thing about business in Dubai is that start-up costs are usually low. However, it’s hard to determine how much it will be to create an outsourcing agency in Dubai without knowing all of the details. For example, the size of your company, the type of legal setup you have, your location, the number of visas you need, and your office details all play a huge role in the cost of your business. While these prices are not concrete, we can give you some estimates for a manpower agency in the Free Zone.
The price for a license usually starts around AED 9,600 and can go up to 24,700, depending on the number of visas you need. Costs for a business in Dubai’s Mainland are often more expensive. For a better estimate, contact MSZ Consultancy.
Start your Manpower Agency Now with the Help of MSZ Consultancy
Ready to start a recruitment agency in Dubai? We are ready to help! MSZ Consultancy is an expert at company formation and has experience in setting up manpower recruitment agencies in Dubai. We can make the process hassle-free and ensure that you don’t have any delays forming your company. Don’t wait! Contact us today for a FREE consultation. You can chat with us online or give us a call at +971 52 544 1248.