How To Start A Taxi Business In Dubai, UAE

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.