The UAE rental market is dense and extremely affordable. Starting a car rental business in Dubai requires a proper business plan, choosing the right location for parking lot and marketing of the company; these are the main factors required for business setup in Dubai for a car rental business. Dubai has an increasing number of tourists who prefer rental cars for traveling around the city. Hence, starting this business is one of the most preferable options in the UAE.
Procedure to start a car rental business
- Decide on the location
The entrepreneur needs to decide on the location of the business for physical premises – both for office and garage. You can either set up in one of the Free Zones in Dubai or the Mainland after considering various factors.
- Choosing the Company Name
The entrepreneur must decide on the Company name for business setup in Dubai. The name should not be the existing companies and it has to be approved by the necessary authorities.
- Car Rental license
To start a car rental business in Dubai, the entrepreneur has to apply for a license and also obtain a No Objection Certificate [NOC] from the Road and Transport Authority [RTA]. Obtain passport copies of the proposed owners and submit them to the necessary authorities.
- Insuring the cars
The entrepreneur should insure all the cars before opening a rental company in Dubai.
- Corporate rental services
- Individual rental services
- Transport services
- Leisure services
- The company must have a rental office as required by the RTA [Road Transportation Authortiy]
- All the documents of renting of the car should be handed over to the client.
- The services must be defined in the contract and should be agreed upon and signed by the parties.
MSZ Consultancy for business setup in Dubai
Are you starting your car rental business in Dubai? Contact MSZ Consultancy, our team of experts will not only assist you in business setup in Dubai but will also guide you on how to establish business in Dubai, types of company formation, PRO services , and more. Get in touch with us today.