Childcare is a requirement all over the world. With both parents now working in many cases, childcare assistants, nannies, and babysitters are stepping in to provide childcare services.
Here in the UAE, however, there is an extra incentive, in addition to demand, to enter the childcare industry. As the UAE continues its drive to encourage more women into the workforce, it is making it easier than ever to start a childcare business for those who wish to support working families.
Of course, childcare is a highly regulated industry, but with the guidance of a business formation expert, starting your business can be quick, simple, and affordable.
HOW TO START A DAYCARE BUSINESS IN DUBAI IN 5 STEPS
Starting a daycare business in Dubai, while simple, requires some groundwork. Firstly, you’ll want to find a local expert who can help explain the process to you, ensuring there are no surprises further down the line.
Your chosen company’s set-up agent will be able to help you do this:
CREATE A BUSINESS PLAN
The first step is to create a business plan. This should include a brief overview of your business and the activities you intend to carry out. It should also provide financial forecasts, as well as market and competitor research.
FINDING A SUITABLE LOCATION
Location is everything when starting a daycare business. Busy, working parents don’t want to go out of their way to drop their children off before work. Choose a location close to commercial or residential areas, right in the heart of your target market.
OBTAIN A LICENSE FROM THE AUTHORITIES
You’ll need a business license to start your daycare business in Dubai, or anywhere else in the UAE. The best way to get this is with the help of a UAE business setup agent like BestaxCA. We can manage the entire application process on your behalf, liaising with all relevant authorities.
You’ll also need to seek approval from your local emirate/municipality, as well as the
Directorate of Civil Defence, and the Department of Public Health.
HIRE QUALIFIED STAFF
Daycare is largely a people business. Parents need to like, and most importantly, trust your staff, so take the time to conduct a thorough interview and background check process.
MARKET YOUR CHILDCARE
Your daycare’s reputation is everything. The more you market your business, the more customers you acquire and the faster your reputation grows through word-of-mouth and first-hand reviews.
Starting a daycare business in Dubai – additional considerations
There are a few other factors to consider when starting a business in Dubai. For one, you will need to choose a name that adheres to the UAE’s strict set of naming conventions.
Your company’s facility agent will check that your chosen name is available before registering it for you.
As a UAE business license holder, you can also sponsor others for your visas. This could be a spouse, parent or child, or a domestic worker such as a housekeeper.
The maximum number of visas you can apply for will depend on the size of your business, the configuration you choose, and, for dependent visas, your personal earnings.
Finally, you will need to open a company bank account. Before making your application, you should first familiarise yourself with several financial institutions to find one that best suits your business needs and is most likely to offer you corporate banking services. BestaxCA can help you with this process.
KEEP THIS IN MIND:
You must have a UAE business license to open a company bank account.
- Some banks require shareholders to have a residency visa.
- Most accounts require a minimum balance between AED 10,000 and AED 150,000.
- If your application is successful, your account is usually opened within two to four weeks.
- Cost of opening a childcare facility in Dubai
There are numerous costs involved when starting a daycare business in Dubai. You will need to consider licensing and visa costs, staff costs, insurance, and the cost of your premises.
Setting up in a free zone can also be a cost-effective way to start a business in the UAE. In addition to low fees, free zone businesses benefit from 100% business ownership, zero currency restrictions, exemption from customs duties, and the freedom to repatriate all capital and profits.
START YOUR DAYCARE BUSINESS IN DUBAI WITH BESTAXCA
We are a team of business registration professionals who are passionate about bringing the dreams of aspiring entrepreneurs and SMEs to life.
In addition to handling your license application, BextaxCA can also assist in opening business bank accounts and advise on the most appropriate financial institution to meet your specific needs.
We also offer visa and immigration services and can handle all government formalities, permits, work permits, and visa applications that are required to trade in the UAE.
In short, our experts can establish your company on your behalf, make your license and visa applications, and take care of all the necessary administration – leaving you free to continue running your business. Get in touch today to see how we can help set up your daycare business in Dubai.