Dubai
is a city in the United Arab Emirates. It attracts lots of tourists
from every corner of the world to witness gigantic skyscrapers like
the Burj Khalifa. You can have a life experience in Dubai like desert
safari and skiing on the same day. Dubai has emerged as a hub of
modern tech and development concerning the UAE.
Starting
a taxi business in Dubai is not easy. So, here are some tips that
will help you in starting a taxi business in Dubai.
1.
Finances And Accounting
Before
starting any business through revisions of budget and investing is
required to ensure that you save money and time on unnecessary
things. You must have a proper budget for each investment from buying
cars to painting them and employing staff to paying them.
2.
Research And Development
Don’t
work hard just work smart. Do a case study about your opponents and
review their business structure and find loopholes and work on those
areas so that you may be in the same category but work differently.
For
example: If your opponent doesn’t provide taxi service to and from
the airports you can work on that side of the market.
3.
Location For Your Office
Moreover,
keep your friends close and enemies closer. First, If your office is
next to your competitor there a huge chance that you may be able to
steal your opponent’s customers and generate revenue with a good
start. Second, opening the office in a spot where your services are
required will give your company recognition of its own.
4.
Logistics And Management
You
must take note of all aspects crucial for an office such as tracking
devices for cars, computers, wifi and server rooms, telephones for
customer support, printers, fax machines, office furniture, etc.
Moreover, you will need a human resource manager, accountant, customer
service officer and executive and marketing executive both digital
and offline and most importantly taxi drivers. Manpower of at least
20 to 30 will be required to give the best experience to the
customer.
5.
License And Certification
Dubai
has one of the best law enforcement in the world. So, proper
licensing and certification is required for opening a business in
Dubai. Moreover, this licensing will include every document:
-
Business and liability insurance
-
Tax Payer’s ID
-
Fire certificate
-
Certificate of Incorporation
-
Business License
-
Business Plan
-
Insurance Policy
-
Non – disclosure Agreement
-
Employment Agreement (offer letters)
-
Operating Agreement for LLCs
-
Employee’s Handbook
-
Copy of your passport (Notarized)
-
Residence proof which includes 2 telephone and utility original bills which are not older than 3 months
-
Reference letter from Bank in English / Original Bank Reference Letter
-
Online Terms of Use
-
Online Privacy Policy Document (basically for online payment portal)
-
Company Bylaws
-
Memorandum of Agreement & Notarization (On receiving Initial approval, the MOA needs to be drafted in English & Arabic and get it notarized from Dubai court)
-
Building License
-
Franchise or Trademark License
Conclusion: Its
a wise decision to invest in an industry that goes a long way. But a
good strategy can make it easier to understand your steps to invest
in taxi service in Dubai. First, you need to understand the legal
rules and regulations of the place where you are interested to invest
in. As every place has its own rules like I have mentioned about
Dubai. So, keeping these points in mind you are ready to build a
transport service company in Dubai.
