Are you looking to test your entrepreneurial ideas in the Emirate, where luxury meets innovation? You should consider starting a flower business in Dubai, which is a global business hub.
This article can be your road map, providing step-by-step guidance for setting up the business.
Is Starting a Flower Business Profitable in Dubai?
There are several advantages and challenges to running a flower business in Dubai.
What are the Advantages?
- Dubai witnesses a high tourist inflow.
- There is a regular demand for flowers.
- There is a better chance of the businesses making profits.
What are the Challenges?
- It is a competitive space.
- Operating costs are high.
- The products are perishable.
Why start a flower business in Dubai?
Starting a flower business in Dubai can be considered for the following reasons. Let’s look at them:
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Time and Cost-Effective
Incorporation of a flower business takes less time and investment capital.
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Supportive Business Environment
The number of expats is growing thanks to Dubai’s easy visa process, access to the global market, and low tax.
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Flowers Use cases
Dubai is famous for its luxuries and extravagance. Be it weddings, parties, or home decor, flowers are used for more than just decoration. They represent a symbol of celebration and make a style statement.
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Diverse Population
Dubai has a diverse cultural population coming from various parts of the world.
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Market Size
The market size is humongous, given that you can use flowers for any occasion in your day-to-day life.
How do you start a flower business in Dubai?
Here are the steps for starting your flower business in Dubai:
1. Preparing your business plan
It is a crucial step, as you are setting yourself up for failure without proper planning. When we talk about a business plan, there are certain things which need consideration:
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Finding your Niche
You need to understand your budget and resource limitations to ensure that the business can be sustained. You have to figure out how to arrange the flowers. Once you have the answers to these questions, your niche is ready.
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Market Research
As you have read earlier, Dubai has a diverse population. So you should know who to sell to, what to sell and how you are going to sell. You can do so by talking to your target audience and analyzing your competitors.
2. Choosing a Business Name
Before deciding on the business name, you should avoid using:
- Religious names.
- Something offensive or blasphemous.
- It should not contain any abbreviation.
- Repetitive names that match with other top brands.
3. Choose the Location
If you want to select a location, Dubai offers two types of locations: Mainland and Free zones (like Dubai Flower Centre). Each region has benefits and limitations. If you need guidance, contact a business setup consultant. They will help you pick the best-fit location for your flower business.
4. Applying for your Trade License
Now, you need to arrange the necessary documents and submit them to the government authorities along with your license application form. Once it gets approved, you need to pay the fee, and the license will be ready.
Want to learn about these steps in detail? Then check out the business incorporation article written by Commitbiz.
What is the cost for starting a Flower Shop in Dubai?
The cost of starting a flower shop depends on the jurisdiction and the type of license you opt for. Book a free consultation call with Commitbiz experts now if you want expert guidance.
Considerations for Setting up an Online Flower Shop in Dubai
Here are the critical points to consider while opening your online flower shop:
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Choosing the right eCommerce platform
You need an online platform to promote and sell your flowers. But remember to avail an e-commerce license in Dubai.
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Logistics
As selling online is a part of your business, it is best to partner with a logistics company. This will save you a huge amount of effort and resources.
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Marketing
If you own an online business, marketing becomes mandatory. You cannot expect to see visitors on your platform without properly using marketing strategies. If your marketing is on point, selling your perishable products before they get damaged is possible.
You need to keep the above-listed pointers in mind before starting your flower business online.
What should you do now?
If you are planning for business setup in Dubai, there are several roadblocks which need to be crossed. It includes:
- Submitting your documents to the government authorities.
- Getting approvals from the government authorities.
- Opening a corporate bank account.
- Getting your trade license.
- Renewing your license.
You have two options for setting up a flower business in Dubai. You can carry out the process on your own or with the help of trusted business setup consultants like Commitbiz. Our business experts will do it on your behalf and ensure the process is done within the stipulated time frame.