Business

Start a Security Business in Dubai

In the age of cyber security, the physical security business is on the rise in Dubai. Dubai is a land of opportunities for foreign business owners and entrepreneurs, and it has lenient tax policies, a business-friendly environment, and world-class infrastructure. Like almost every other industry, the security industry is also booming in Dubai and is expected to have a total market of $10 billion, as per a report published last year. Tourists from all over the world visit Dubai to attend various expos and concerts, so the demand for security services is huge, and it is time for you to cater to this demand and start a security business in Dubai. This blog provides an overview of the process and benefits of starting a Dubai security business. Moreover, it also sheds light on the various documents required and the cost you have to pay to start a security business in Dubai.

Security Business in Dubai

Dubai has become a hub for foreign business owners and entrepreneurs who are looking to enter the global market. But have you ever thought of starting a security business in Dubai? If not, then you should think about it now, as the security industry in Dubai is growing year after year and is on its way to a $10 billion industry. As the number of companies set up in Dubai has been increasing every year, there has been a substantial increase in the demand for security services in the city. Moreover, with the number of expos and prominent events that are held in Dubai every year, there is a huge demand for security services along with various sub-products like security alarms, CCTV cameras, and identification systems.

Steps to Start a Security Business in Dubai

It is not quite easy to start a security business in Dubai, but we will guide you by providing the steps to set up your Dubai security business.

Step 1: The initial step in starting a security business in Dubai is to select the particular security service for which you will be providing specialised services. There are a large number of security services that you can offer in Dubai, like protection bodyguards, event security, CCTV and security alarms in the home, security guards for the home and offices, and parking security, among others. You need to choose one of these to be your expertise because you can’t provide specialised services in each category. You can select the type of security services based on your knowledge and business plan.

Step 2: The next step after selecting the type of security service is to register a trade name for your business. The name that you will be selecting should not violate or offend public morality and should not include the name of any religion. It should not be identical or similar to the name of any existing registered business and should connect to your target customers. While finalising the name for your Dubai security business, you should remember that you are not allowed to use any abbreviations or initials in your trade name. For example, you can use the trade name ‘Zain Anwar Security Service’, but you can’t use ‘ZA Security Service’ for your Dubai security business. After selecting a trade name, you should submit it for the registration process.

Step 3: Following the selection of the trade name for your Dubai security business, you need to select a location for conducting your business operations. You can choose between free zones or the mainland to start your security business in Dubai. If you start a security business in Dubai-free zones, then you are granted 100% ownership of your business, 100% exemption on paying corporate or personal income tax, export and import tax, and you are also eligible for full repatriation on profits. On the other hand, if you start a security business in the mainland of Dubai, then you have the advantage of expanding your business operations in other UAE markets without any restrictions.

Step 4: After selecting the location of your business, you need to apply for the required licenses and permits from the authorities. Operating a Dubai security business without having appropriate permits and licenses can land you big trouble, including paying heavy fines and shutting down your business. If you are willing to start a security business in Dubai mainland, then you should apply for your license with the Department of Economic Development, and if the business location is a free zone, then you have to apply with the appropriate free zone authorities for the license of your Dubai security business.

Step 5: Following the receipt of your business license, the next step is to choose a local bank and open a business bank account. Opening a business bank account is mandatory to conduct financial transactions of your business in the UAE.

Benefits of a Security Business in Dubai

Dubai offers several benefits for business owners or entrepreneurs who want to start their own security business in their territory. A list of some benefits has been provided below for your better understanding:

The first benefit you will enjoy if you start a security business in Dubai is the business-friendly environment of Dubai. The government of UAE has passed various lenient laws and tax policies and also provides various incentives to attract foreign business owners and entrepreneurs to start a business in Dubai.

One more benefit of setting up a Dubai security business is the excellent infrastructural facilities and advanced technology. Dubai is home to world-class infrastructure, including advanced office spaces, which are ideal for your business.

One more advantage of setting up a security business in Dubai is its rapidly growing economy. It has become a hub of companies and there has been an increase in the number of companies set up in Dubai every year. So, there arises a direct demand for security businesses to cater to a large number of companies in Dubai.

Setting up a business in Dubai is your first step in entering the global market. If you start a security business in Dubai, it will provide a positive image of your business in the eyes of investors, and you will have easy access to capital and funds.

An additional advantage of Dubai security business is you can enjoy 100% foreign ownership if you set up your business in the Dubai free zones. In free zones, you can own 100% of your company and there is a 100% exemption on the payment of corporate or personal income tax and import and export tax. Moreover, there is also an option for 100% repatriation on profits if you start a security business in Dubai free zones.

You can also set up your Dubai security business on the mainland and expand your business operations to the other UAE markets without any restrictions.

If you start a security business in Dubai, you can earn a large number of profits owing to the booming security industry in Dubai. With the rise of events held in Dubai every year, including expos and famous celebrity events, there is a huge opportunity to build a successful security business in Dubai. Moreover, some additional events, like concerts on New Year and Formula 1 races, gather huge crowds, and there is a need for high-level security to manage the events. So, this is the right time to start a security business in Dubai and earn hefty profits out of it.

Conclusion

Dubai is one the fastest growing economies around the world, becoming home to a large number of companies, and with the increasing number of companies in its territory, there has been an increase in the demand for security businesses in the city. Dubai has a business-friendly environment with lenient tax policies and local laws, an excellent infrastructure and world-class technology, which makes it a perfect place for businesses. It has been estimated that the security industry is going to be a $10 billion market in the coming years. So, if you are a business owner or entrepreneur with knowledge and interest in the security services industry, it is the right time to enter the security market in Dubai and build a successful business in the future.

Another reason for the booming security industry in Dubai is the rise of events like expos, concerts, and events for prominent celebrities in the city. These events gather large crowds from across the world, and there is a need for specialised security services to handle them, along with other services like security alarms, CCTV cameras, and identification systems. To start a security business in Dubai, you first need to finalise a security service that you would be specialising, i.e., there are various types of security services in Dubai, such as protection bodyguards, security guards for homes and offices, event security, parking security, CCTVs and home security alarms. Then, you should select a name for your business that adheres to the guidelines of the authorities and local laws. After that, you should look for a business location for your Dubai security business that meets your business requirements and plan. Now, you have to apply for the license and necessary permits from the appropriate authorities based on the location of your business. Lastly, you have to select a local bank and open a bank account to make or receive payments for your business.

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