The opportunity for business support services in Dubai is increasing day by day because of its multicultural business environment. Facility management is the fastest-growing smart business idea in Dubai, as it is the home of the world’s tallest building Burj Khalifa, best skyline with world-famous infrastructure, construction & popular real estate projects. All these facilities make sense that, the facility management company is the biggest investment opportunity in Dubai for the local business owner & also for the ex-pats.
Having a strong array of multistoried buildings, hotels, shopping malls, tourist attractions, construction projects, expert management services is an on-demand opportunity for the emirates. Facility management companies are now a necessity for any multinational company in Dubai. These types of companies help to minimize downtime by providing round-the-clock service and support at the touch of a button. They take care of the day-to-day operations, which means less work for you and your staff. They are committed to providing high-quality maintenance, functionality, safety & productivity of the built environment so that the residents can enjoy their stay in the property.
If you are new in this industry & looking for a step-by-step guide to set up a facility management company in Dubai then read through this article for further information.
What is Facility Management?
Facility management stands for any tools or services that support- maintenance, safety, functionality, the efficiency of buildings, hotels, shopping malls, real estate & many more infrastructure. A facility management company in Dubai is a company that provides services for commercial buildings and residential buildings that focuses on the operational activity of the given services. As an example, if you hire or outsource any facility management services, it will provide management & maintenance regarding electricity, water supply, security fire security, plumbing, etc.
Facility management company in Dubai offers two types of services:
- Hard Facility management: It rolls out service to the actual buildings, service management & ensures smooth building operations & management activities:
- Maintenance work of elevators
- Alarm security
- Electric Work
- Engeneering Consulting
- Soft Facility management: It caters to services for the maintenance of the property like- cleaning, landscaping, pest control & the security of the ground.
Types of facility companies in Dubai are:
- Security Services
- EHS( Environment, Health & Safety)
- Business operational activity
- Cleaning & fire Safety
- Space management
Different types of responsibilities of facility manager:
- Completing all the tasks & duties maintaining industry standards.
- Cost calculation & the equipment need to to the task
- Identifying sectors that can be improved
- Respond to emergency situations with proper backup
- Coordinating facility management responsibilities in a mannered way.
- Leveraging trending technology for task efficiency
Steps To Setup Facility Management Company In Dubai
A facility management company is usually responsible for maintaining, cleaning, and providing security for the property. In order to set up a facility management company in Dubai, you will need to acquire the necessary licenses and permits. To conduct facility management company you need to follow the following steps which are pretty simple & straightforward as well. Let’s have a look at these steps-
Step1: Decide The Business Activity
The facility management company is all about catering services such as maintenance, social housing & support, health & safety, recruitment & training. So, choosing your niche through proper market research is a vital part of this whole process. As this industry is blooming & there are already strong players, you have to make your business move carefully. Select an activity that will give you the advantage to select the right economic zone, obtain a trade license easily & most importantly make a good profit. To avoid any kind of cancellation of license or fine, take advantage of business setup services in Dubai.
Step2: Select A Trade Name
In UAE, there are certain rules & regulations while deciding your business name. Your business name should be catchy & have the essence of your business that indicates your business activity which you are going to carry out. Rules you need to follow while selecting a business name:
- Not related to any religious or political name
- Don’t indicate any abusive blasphemous name
- Your chosen business name is still available for registration
- Name that doesn’t hurt any public moral
- Name that is legally relevant to the specific business activity
- The name shouldn’t have any reference to a well-known organization & even an abbreviation of your name
Your business name must be a legal entity or structure to follow the next business registration process. Legal entities can be Free Zone Establishment(FZE), Free Zone Company (FZC) or Limited liability Company(LLC).
Step3: Decide On The Business Jurisdiction
The success ratio of your business in Dubai depends on the economic zone most of the time. Every economic zone has its own pros and cons. You need to decide the business jurisdiction which compliments your business activity & helps to reach your customer conveniently. If you set up business in Dubai mainland, you will be allowed to trade any corner of the UAE, also you can be a part of UAE government projects. For Freezone company setup, you can be facilitated with the 0% income tax fee with no currency restriction. Lastly for expats, offshore company setup prived 100% full company ownership.
Step4: Apply For Facility Management Licence
Obtaining a trade license for the business depends on where you want to set up your facility management company. For Mainland Company Formation in Dubai, you have to issue the license directly from the Department of Economic Development(DED) of Dubai. Through a business consultant or on your own you can apply for the licensing with some paperwork. Documents needed along with the application form are:
- Copies of passports of owners & shareholders
- NOC for foreigners who wish to conduct business in Dubai
- 2- passport size photographs
- Proof of relevant experience
Step5: Apply For Visa
If any business person wishes to live in Dubai & intends to open a business, they need to apply for residency visa permits. Applying for a visa includes some steps including medical tests & biometric capture. Obtaining a visa in Dubai is not that complicated & can be done in less than a week. You can apply for a visa also for your spouse, family members & employee to be a holder of a trade license in Dubai.
There are other steps that may be required according to the requirements of your business. With the help of an experienced business agent you can complete the process without facing any potential difficulties. So, if you are wondering to start your first facility management business in Dubai, hopefully, you have got some basic ideas about the business environment of this growing sector.
How KWS Can Help You?
Start your facility management business with KWS. KWS is a leading business consulting service that provides- any kind of business setup services in Dubai, Offshore company formation in Dubai, business support(Trade license, Visa service, Legal Translation service, Trademark Registration, Company liquidation in Dubai, Finding local sponsors) & so on.