With Dubai becoming the epicentre of tourism again, the Arabian Travel Market (ATM) , that is currently running until May 4th 2023, is highlighting all the trends and activities in the sector of travel and tourism. One promising business venture in the UAE is establishing a travel agency, which has proven to be a profitable business despite the digital disruption witnessed by the industry.
Step-by-step guide on how to establish a travel agency in the UAE
- Conduct Market Research
It is important to conduct market research to analyse the competition, target market and demand. Taking price points into factor is also important.
- Create a Business Plan
This is especially important when looking to attract financing and investors. The business plan should include a description of the services to be offered, target market, marketing strategy, financial projections, and the legal requirements for setting up the business. Find out more about navigating the UAE market.
- Obtain Initial Approvals
After choosing a legal form and trade name for your business, proceed to obtain initial approval from the Department of Economic Development (DED). This is done to certify that the proposed business activity is allowed, and the trade name is approved.
- Prepare the Memorandum of Association (MOA)
The Memorandum of Association (MOA) should stipulate the regulations governing the company’s operations and should be in compliance with the UAE’s Commercial Companies Law.
- Obtain Necessary Permits and Licenses
To operate a travel agency in the mainland, obtain a trade license from the DED, a tourism license from the Department of Tourism and Commerce Marketing (DTCM), and a travel agent license from the General Directorate of Residency and Foreigners Affairs (GDRFA). You will also be required to obtain the correct Dubai visa when setting up a UAE company. Read about the Dubai Golden Visa.
- Set Up Office Space & Hire Staff
A physical office space is mandatory. Rent the space and obtain the tenancy contract to complete the registration process. Ensure that it is compliant with the requirements of the Dubai Municipality. We can support you with payroll in the UAE.
How CBD Can Assist
As a corporate services provider, we provide a wide range of services to support your business, from company formation and registration to business support. If you require assistance with setting up your business in the UAE or any Dubai PRO services, contact email@example.com or call/Whatsapp +971 56 218 4695.