How to Car Rental Business Setup in Dubai
The leasing of vehicles is a commercial activity of Car Rental Business Setup in Dubai providing services, whose main objective is to meet the needs of locomotion of people and companies, quickly, easily, and economically. Today, Car Rental Business Setup in Dubai traveling for business or pleasure, running out of your own vehicle, or needing a much bigger and more adequate one, it’s common to seek out people that became accustomed to renting cars. The convenience is cultivating this habit. It is very simple to rent: just choose the vehicle you want and make the reservation.
Car Rental Business Setup in Dubai
Dubai is also a profitable business. Because most of the locals and ex-pat are passionate to drive a luxury car, but only a few can have enough money to buy it. So, most of the time people rely on rent a car to drive their dream car. A rent a car license in Dubai will enable you to supply luxury cars for rent that’s for a brief or future to the residence of a UAE.
Most of the tiny medium also as large companies like better to rent a car for its outside work; that’s for every of their driver to deliver documents and items or for their consultant to meet the client on the client site.
And also, most of the local and ex-pat residence of UAE like to go for desert safari, hell stations, knocking, and exploring wadis and find to see nature. For these trips, they need an off-road car (4 wheels drives). So, everyone taking a 4 wheels drive for these trips from Car Rental Business Setup in Dubai.
Activity name: Car Rental
Activity Code: 711105
Activity Group: Car rent and passenger transport
License Type: Commercial
Car Rental Business Setup in Dubai Activity Description:
It enables a firm to rent automobiles for short periods of time; that is without drivers, to people who do not have their own car. Also, travelers who are out of town; or owners whose care are damage or destroy in the incident; and are waiting for the repair.
The opportunity and popularity of Car Rental Business Setup in Dubai
The rental companies are willing to take advantage of the great potential of the UAE market. With their operations adjusted to the new economic reality, they promise to be different. The strategy is focused on some factors that have been stimulating the businesses of the companies: companies interested in reducing expenses, the tourism sector that advances and the globalization signal the growth of this market.
LOCATION Car Rental Business Setup in Dubai
The operation at or near airports is considered strategic by the franchisers, to give visibility and more competitiveness to the business. In addition to absorbing the movement of passengers and customers of companies that begin to settle in the region. Another suggestion is the operation on the beaches, which can be as appreciated as the operation at airports with the advantage of generating lower costs.
When starting a car rental business in Dubai, you’ll need to take on physical premises – both an office and a lot or garage to house your fleet. Ideally, this should be in a built-up location or at transport hubs such as an airport or metro train station.
When setting up in the UAE, you have the choice of doing so in the mainland or in a free zone. While free zone setup is often more cost-effective, keep in mind that you would need to open a branch or use a distributor to trade directly with the UAE market.
2: Outlining your Car Rental Business Setup in Dubai
When the Car Rental business setup in Dubai, it’s vital that you clearly outline your business activities. Failure to do so can cause issues further down the line and carrying out unlicensed activities can lead to fines or even license revocation.
Your setup rental car business in Dubai must be chosen from the official list published by the Dubai Department of Economic Development (DED) When starting a car rental business, the official DED activity is ‘Car rent and passenger transport’.Under this activity, you are permitted to ‘…rent automobiles for short periods of time, without drivers
3 EQUIPMENT AND RECOMMENDED FACILITIES
Car Rental Business Setup in Dubai
10 cars, 1 vacuum cleaner, computer, 1 to 3 telephones, Parking location and area of 150 m!According to experts, financing half the company’s vehicles through consortium or leasing is a good strategy to renew the fleet and increase the number of cars without investing too much. With the funding resources, the rental companies can purchase from the automakers because they’re classified as fleet owners.
4 Choosing your company name for Car Rental Business Setup in Dubai
The third step is equally important: choosing a company name. There are a few key things to keep in mind at this stage – many that would not apply anywhere else in the world.
Be aware that you must abide by a strict set of naming conventions. In short, you should avoid any offensive or blasphemous language. You must also check that your chosen name is available to register.
5 The FLEET for Car Rental Business Setup in Dubai
The company must change vehicles after two years of use and always deliver them clean to their customers. The entrepreneur must ensure the entire fleet and sign an agreement with a mechanic’s workshop (the best way to guarantee speed and quality).
6: Making your license application for Car Rental Business Setup in Dubai
To operate a hire car business in Dubai and therefore the wider UAE, you’ll require a billboard license. When applying for your license, you will be required to submit:
Completed application form
Passport copy of the proposed owner or owners
Two-color passport size photos
On top of your commercial license, you will also need approval from the Road Traffic Authority (RTA). Your staff may also be required to undergo RTA training.
7 ADAPTED VEHICLE for Car Rental Business Setup in Dubai
According to businessmen, the demand for adapted vehicles has been increasing. The public (disabled and other people with leg or arm temporarily plastered) that uses this sort of service has faced some problems at the time of hire car. In the market, there aren’t many rental companies that provide this sort of auto.
8 LABOR for Car Rental Business Setup in Dubai
The minimum number of people for work is four (the owner, 1 attendant, 1 driver and 1 washer). It is important that each one is committed to the guarantee of the quality of the service offered, so it is important that the company always seek excellence in training and in the technical and ethical training of its employees.
9 MARKETING for Car Rental Business Setup in Dubai
Some companies in the industry are adopting direct marketing as their main weapon. Developing from special displays to leaflets cooperated with other companies, mainly in the field of tourism. The purpose of these strategies is to efficiently bring the advantages and the differentials of products and services to your audience. Continuing this strategy, companies also advertise in magazines. The goal is clear: to give more support and to establish your brand in the memory of the consumer.
10 Making your visa applications
Finally, if you do not already have one, you will require a UAE visa in order to work here. Again, with the right guidance, the visa application process can be incredibly straightforward. Most company formation agents can help you with this step as well as with your license application.
As the holder of a UAE business license, you’ll also sponsor others for his or her visas too. This could be a spouse, parent or child, or a domestic worker like a housekeeper. The maximum number of visas you can apply for will depend on the size of your company, your chosen setup, and, for dependent visas, your personal earnings.
11 Planning for Car Rental Business Setup in Dubai
Good planning is the best tool for drawing a true picture of the entrepreneur’s market, product, and attitudes. The leasing of vehicles is a commercial activity of providing services, whose main objective is to meet the needs of locomotion of people and companies, quickly, easily, and economically.
Today, traveling for business or pleasure, without your own vehicle, or needing a much bigger and more adequate, it’s common to seek out people that have wont to rent cars. The convenience is cultivating this habit.
How to rental car business Setup in Dubai with Advanced Technology Many companies have not given due attention to the principles of Management and with this have suffered the consequences and often fail to reverse the negative results. This is because many homeowners aren’t updated with the new technologies for Business Management of your future Vehicle Rental quickly, safely, and effectively.
How to start a hire car business in Dubai, UAE
There’s a long list of attractive reasons to start a business in Dubai. From its 0% rate to its strategic location, all are well documented. When it comes to starting a car rental business, however, there are a couple more reasons that make Dubai the perfect location.
For one, the emirate has a large ex-pat community who may not wish to purchase a car while in the UAE, instead of relying on public transport for the daily commute and hiring a vehicle for longer trips. Then there are Dubai’s rising visitor numbers which have increased by around a million year on year and are expected to reach 20m this year. Many of these visitors will require a car to get around and are happy to pay for the service.
These factors and more are the reason behind the emirate’s vast and growing car rental market. In 2018, the UAE hire car, and the lease market was estimated at USD 1.8bn. By 2023, this is expected to increase to USD 2.5bn.
And there’s never been a better time to get involved. With Expo 2020 on the horizon, Dubai is set to see record numbers of business travelers – many of whom will require the services of a car rental firm. Sound interesting? Then read on to seek out out the way to open a hire car business in Dubai.
How to start a hire car business in Dubai
When you work with a company Setup expert, the process of starting a car rental company in Dubai is straightforward from start to finish.
What is the value of starting a hire car business in Dubai?
There are many costs to starting a car rental business in Dubai. There is the price of the license, the lease of your premises, and the cost of any approvals required by the RTA. On top of this, you will need to consider the cost of your vehicles. While it is up to you how many vehicles you have in your fleet, most reputable firms have at least 10. These can either be purchased outright or taken on lease.
Such is the variation between car rental businesses – in terms of size, location, and level of service – that it is not possible to offer a rough guide on the cost of setting up.
The best way to get an idea of the costs involved in starting a car rental in Dubai would be to meet with a company formation expert and outline your requirements.
Are you able to start your hire car business in Dubai?
Hopefully, this guide has made clear that if you’re armed with the right knowledge, setting up a car rental business in Dubai doesn’t have to be overly complex. That being said, it does require a level of prior knowledge of the process. What’s more, it is important to note that the application process is only straightforward if your license application is complete at the time of submission and free from errors.
To help you to ensure that this is the case, it’s a good idea to work with a company formation specialist when establishing a new company in the UAE. We are a team of company registration professionals who are passionate about bringing the dreams of aspiring entrepreneurs and SMEs to life.
As well as handling your license application, BCM Corporate Services can also assist with the opening of corporate bank accounts and advise on the most appropriate financial institution to suit your specific needs.
We also offer visa and immigration services and can handle all government formalities, permissions, work permits, and visas applications that are required to trade in the UAE.
In short, our experts can establish your company on your behalf, make your license and visa applications, and take care of all the necessary admin – leaving you free to get on with running your business.
Contact us for Car Rental Business Setup in Dubai
We at BCM Corporate services LLC, extend our quality services to our client with well experienced & qualified Business consultant with rich expertise in Car Rental Business Setup in Dubai License so that client’s requirements of Business setup in Dubai. can be completed on time with satisfactory Results outcome. Please feel free to reach us for your Business setup and Car Rental Business Setup in Dubai License requirements on our email id: firstname.lastname@example.org or call us on +971502585921