How To Start Laundry Business Setup In Dubai?
LAUNDRY BUSINESS SETUP
The laundry business has had a boom in these recent years since people have no time (nor they are fond of) for washing, dry cleaning, and ironing their clothes. This business sector is a great business opportunity to invest in due to the fact that it offers a solution to people’s problems, which is why it has a very high and recurrent demand (people will never stop washing their clothes). Although the laundry business has great potential, it is crucial to understand the importance of a business plan in order to make this business work.
A laundry business plan is a great tool that allows founders to present their vision and plans of a project. When using any business plan format, there are standard questions (such as the 5 w’s) that force every person involved to think, analyze & create a long-term vision and strategy for the idea. It is demonstrated that writing things down on paper helps as a guide to track the progress and have better control on the status to be accountable in the future.
UAE LAUNDRY BUSINESS
What could be more on-demand and in-demand than laundry in the UAE? Now a number of new online businesses are working to disrupt the traditional shop front industry by offering customers business models that play to their needs. The profit in the laundry business depends on the ways in which you are running your business. For efficient business management, you have to discover the latest market trends and understand the future market growth for the laundry industry in UAE. One has to analyze the most updated research data, competitive threats and plan the strategy accordingly.
The laundry Business is the cleanest- dirty business in the world, and the Dubai market is no exception. Being a fast-paced city, the working individuals always prefer getting this “dirty” job outsourced! so like any other business in Dubai, it all comes down to Location and the western ex-pats (in and around the New Dubai area – JBR/JLT/Marina, etc.) are keener to have laundry service on a regular basis.
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THE IMPORTANT POINTS THAT COULD MAKE THE BUSINESS BENEFICIAL IN UAE
- The choice of the right location is very important as a mass residential area.
- This business can be started with less manpower at most 2 individuals
- Expats in UAE who do not have laundry facilities in their accommodations are prospective customers
- The other hospitality domains can be served on a contractual basis if quality service is provided
- Flyers, banners, and pamphlets are sufficient to advertise the business
- Arrangement of pick and drop off services of clothes will add the value
- Starch, dry cleaning, and wet cleaning will bring more customers
- Cheap and large back end service space can be hired for better operations
- Passport & Visa copy of owners
- Name approval by DED
- Notarized MOA
- Tenancy contract with Ejari
- Health and safety department of municipality permits
- After these formalities, DED will issue a license
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Mainland Company Setup
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
Presently, there is no requirements to deposite the share capital in UAE local bank.
Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space