The UAE is becoming a popular destination for visitors (whether they are tourists or investors) in 2024. Over 11.48 million tourists came to the United Arab Emirates during 2021. Statista estimates this number to reach 14.2 million by 2028.
This makes setting up a travel and tourism business in the UAE a fantastic decision an aspiring entrepreneur could make. One of the prime places for tourists at the moment is Fujairah. The Emirate of Fujairah is gaining recognition in the world due to its majestic topography.
It is the only emirates among the seven that have a coastline on the Gulf of Oman. Its hilly terrains and tumbling waves add gravitas to its scenic beauty. Therefore, it attracts tourists from all corners of the world.
There are many benefits of setting up a business in the travel and tourism industry. The government of Fujairah is taking several steps and providing valuable incentives. So, this all is enticing the business owners and entrepreneurs to invest in the Emirate.
Fujairah’s blossoming tourism industry
Fujairah’s tourism and travel sector is witnessing a phenomenal growth during 2024. The experts claim this expansion to the UAE’s technological advancements in the past several years. Also, the rising globalization, and the stable economic conditions (the world is currently enjoying), are also vital factors.
Besides, some of the recent initiatives taken by the government are contributing their part in this boon. The government has carefully planned various projects that include advances in the infrastructure. Moreover, the improvements in rail and road have increased the ease of transportation of both people and goods.
Fujairah is regarded as a destination of significance for architecture enthusiasts. The Emirate is littered with architectural wonders at every turn. Al Bidya Mosque, which is an engineering marvel and is the oldest place of worship in the UAE, is located in Fujairah.
Likewise, the climate of the Emirate is another reason that makes the tourist flock in by the dozens. Its location on the eastern side of the country helps in keeping the temperature moderate. The light breeze that is always prevalent helps in cooling the tourists so that they can enjoy their stay to the fullest.
These moderate temperatures are only found in Fujairah. It makes the Emirate of Fujairah prominent among the visitors for opting it. Fujairah is home to multiple geographical attractions, as it is mentioned earlier.
You can explore incredibly tall mountains, rolling hills, broad and green valleys. Sandy beaches edged with tropical tree and magical oasis, and several hot and cold water springs are also there. All these attractions make Fujairah a dream destination for travel and tourism.
The legal process of forming a tourism business in Fujairah
To incorporate a tourism business in Fujairah, you need to comply with the guidelines set out by the administration. So that you can establish your company to conduct tourist operations with ease and agility through 2024. The steps to incorporate and start a tourism business are as follows.
Obtain the proper license
Before initiating the setup process, make sure that you are applying for the correct kind of tourism license. As the government is currently offering four types of licenses related to tourism and travel. The applicable types of travel business licenses are the following.
- Travel Company License
- Travel Agency License
- Inbound Travel Operator License
- Outbound Travel Operator License
After you have narrowed down the license that is right for you. The next step for you now is to deposit 100,000 AED, to the Dubai Department of Tourism and Commerce Marketing. In addition, you have to submit these specific documents to the concerned regulatory authority.
- The application form
- Passport copies of both yourself –the applicant– and the manager.
- A copy of the family records
- Copy of the identification papers of both the managers, directors and the employees
- A NOC (No Objection Certificate) from the concerned authority.
Carefully choose a license for your tourism business. As it will help you in determining what kind of tourism company you will create. Likewise, it tells you what will are the activities that your tour operator company can perform.
Organize extensive marketing and branding of the company
Gone are the days when providing excellent service was deemed enough to win customers trust and loyalty. Because of the growing competition that is the direct result of globalization, marketing has become the name of the game. Now more than ever, there is an urgent need for companies to invest in proper marketing campaigns.
Create a unique brand for your company that can persuade the customers into spending money on your services. After all a customer-first brand is good enough to win their faith. Do whatever it takes to stick out amidst the competition.
Be it handing out flyers or building a flashy website or even splurging on creating a TV, etc. How do you expect them to utilize your services if they do not even know that you exist? Let the people learn about your company and get full awareness of your services/products.
Draw up a suitable budget
Arrange a proper budget that outlines all the funds you have at your disposal to perform various activities. This budget helps you in the management of the company. Thus, it allows you to control the different department expenses and plan your future actions subsequently.
The preparation of a budget keeps the business pursuits in check. Furthermore, it assists in regulating the expenses of the business. This is necessary with the rise in the number of conferences and seminars being held in the Middle East.
Notably, the World Dubai Expo 2020 has led to tourism and business growth in the UAE. Travel and tourism business is turning into a feasible and profitable option for business owners and entrepreneurs all internationally. The geo-strategic position of the UAE has made it a travel and business hub.
In case, you are considering incorporating a travel and tourism business in the UAE amidst 2024. Then you should obtain the services of a business setup consultant. These consultants will help you every step of the way. They are usually part of a business set up firm.
They understand the problems that entrepreneurs face when they are starting a business in the UAE. One such business set up agency in the UAE is the KWS Middle East. You get custom-made solutions for your company to tackle these tedious problems.
We provide comprehensive business setup services. Also, you get a plethora of business consulting/support services. For any queries, connect with us to book your commitment-free call with our capable team today.
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