Is investing in a travel business in Abu Dhabi a wise decision? The capital of the United Arab Emirates, Abu Dhabi, has emerged as the fourth fastest growing destination in the world. In terms of visitor numbers, the tourism sector is expected to continue to grow also thanks to Abu Dhabi International Airport that currently hosts more than 80 airlines serving over 100 destinations. And travel here is not expected to decrease.
A business hub and connected city, Abu Dhabi is a market with tremendous opportunities also thanks to Expo 2020 with a flux of tourists arriving in Dubai wanting to also see what the capital has to offer them.
This make the Emirate the perfect place for new players opening a travel agency or a company running a tourist business. Running a business from within the UAE community and providing professional and quality service to the travel community of Abu Dhabi can be a winning move for many entrepreneurs.
The flourishing tourism industry attracts foreign investors wanting to set up their own travel business in the capital often on a franchise basis. With a market for foreign travel here expecting even a higher volume of visitors, those planning to start a travel business now have a chance to capitalize on the opportunities given by the Emirates in the next few years. The many leisure and business travelers that come or pass through the Emirate will be looking for local tour operators or operators specialized in the UAE market to help them explore and discover Abu Dhabi but that can also give info on handling visa arrangements, transportation services, purchasing airline tickets, receive guided tours within the country, get accommodation and organize local activities.
One of the options that entrepreneurs have is to setup their business in a free zone. Free Zone company setup in Abu Dhabi is often the right choice thanks to simplified rules and mechanism to help foreign investors.
Seeking to gain advantage from close proximity to the airport, investors can be part of the Abu Dhabi Airports’ Free Zone (ADAFZ) jurisdiction that spreads around Abu Dhabi International Airport. Today, ADAFZ is thriving as the destination of choice for businesses with numerous benefits, says Adel Al Taheri, Acting Senior Vice President of Abu Dhabi Airports Free Zone and Business City. He said: “ADAFZ is able to offer its business partners a range of benefits including a 100% duty and tax exemption, foreign ownership, and repatriation of capital and profits, amongst others.”
Free zones can really help jump start a profitable business. Great possibilities are also available in the Fujairah Creative Zone. Geared towards the creative industry, this FTZ allows for businesses like media and advertising, but is also a place for consultancy, design, IT, e-commerce and broadcasting businesses. With no requirements for physical space and annual book-keeping and with easy setup of corporate bank account, many entrepreneurs found Fujairah the perfect place to invest.
Contact us to find out more on how to enter the travel business, become an authorized travel agency owner, or take advantage of the many opportunities given by free zones.