Recycling and trash management are not usually considered to be at the top of most people’s lists when they try to identify the next booming business idea in Dubai. For many of us, it’s just something that we all will do for sure; we rarely think about the profits behind it. Or, for that matter, how much money can be earned from this kind of business in no time.
But let me tell you that we all think wrong. The recycling and trash management industries are booming in Dubai like never before. By 2023, the worldwide recycling business is expected to be valued at over USD 50 billion. And the United Arab Emirates appears to be a prominent and rapidly growing place to start a company in this business sector.
Let’s find out how you can start a recycling and waste management company in Dubai UAE.
Reasons to Start Recycling and Waste Management Company in Dubai
The amount of waste in the UAE has increased in the past ten years as a result of the increasing economic activities and rapidly growing population. The majority of the waste is disposed of in municipal dumpsites or landfills, where it produces a significant amount of a powerful greenhouse gas called methane gas. At the present time, only a small percentage of the waste is destroyed by burning it. This is why municipal waste recycling and management is on the rise at lightning-fast speed.
Local governments in the UAE are in charge of handling waste management. Recycling and converting trash to resources and energy through enhanced waste separation and collection methods and the latest technologies. It helps in solving waste challenges. The UAE wants to reduce cities’ adverse per capita environmental impact by focusing on municipal and other waste management and air quality.
We may believe that Dubai is the best location to start a company like this one. But many people may be surprised to know that Sharjah is the UAE’s recycling champion. During a trip to the United Arab Emirates, the entrepreneur identified a need in the market and founded Bee’ah, a reputable recycling, and waste management company. From humble beginnings, the company has expanded to offer a wide range of trash recycling and waste management services.
Entrepreneurs wanting to use their talents established in their home countries will find plenty of opportunities in Dubai’s waste management and recycling sector. Sustainability was one of the Expo 2020 themes. The result was that recycling and waste management organizations from across the globe visited Dubai to provide the latest technology to new startups and local businesses.
Understand the Regulations for Recycling Business
If you want to establish a recycling and waste management company, you must first learn about the regulatory landscape of Dubai, UAE. Various efforts to dispose of waste and recycle it are governed by strict rules and regulations issued by the UAE government.
Even if the material your company works with isn’t dangerous, to understand the restrictions that will apply to your firm, it is best that you make yourself familiar with the following regulations related to this business:
- Executive Order of Federal Law Number 24 of 1999 for Regulation of Handling Medical Wastes, Hazardous Materials, and Hazardous Wastes, issued by Cabinet Decree No 37 of 2001
- Local Order Number 61 of 1991 on the Environmental Protection Regulations in Dubai
- Executive Council Resolution Number 58 of 2017 approves the Fees and Fines for Waste Disposal in Dubai
- Local Order Number 7 of 2002 on the Management of Waste Disposal Sites in Dubai
Procedure to Setup Waste Management and Recycling Business
The procedure to start recycling and was a management company is easy and simple. Simply follow the following steps and you will be on your way to set up your new business in Dubai:
Decide on a trading name for your business
Step 1. Apply for a business license according to your business activity
Step 2. Obtain DED’s initial permission
Step 3. Pay the relevant fees and get the business license
Step 4. Approach the municipality to obtain the NOC
The actual location of your business should also be assessed and carefully chosen to ensure that it is not too close to residential areas and is acceptable for waste treatment. You may need to have qualified engineers, technicians, and specialists on-site to deal with any environmental spill, mishap, or accident depending on the nature of the waste you collect.
Things to Consider Before Starting Recycling and Waste Management Company in Dubai
These are the things or factors that you should keep in mind when starting your recycling and waste management company in Dubai, UAE:
Identify Area of Focus in Your Business
It is a critical aspect of your waste recycling business to identify your business’s main target area. In most cases, you’ll want to think about the types of garbage that are common in the area where you wish to set up your company.
You can also include a variety of things in your recycling business. Plastics, metals, and other materials, for example, can be used in your waste recycling business. As a result, it’s a good idea to focus on a certain kind of garbage and establish yourself as an expert in your field.
However, focusing on more than one thing is not harmful. Everything is achievable as long as your business finances and space allow you to accommodate all of your needs with ease.
Determine the Business Budget
You can never open your waste recycling company without having an estimate of the total cost of your business setup. It takes a lot of money to start this kind of business in Dubai. Anyways, there are various small business setups that do not demand significant investment to set it up and operate them. You should calculate a business budget whether or not the business requires a considerable amount of capital.
That is why, once you are done with choosing the type of waste that your business will engage with, you should consider determining the budget for your business. Consider everything while calculating the budget for your company. There are different factors that you should keep in mind while calculating costs for your business. These factors include machines used for recycling waste, wages of your employees, location of your company, etc.
Make a Business Plan
After you have decided on your business budget, the next thing which you will do is develop a proper business plan. This legally drafted document will include details of the company’s plan to achieve its goal, company’s core objectives, and business operations.
To make sure your business plan is perfect, you can consider the following factors to include in your business plan:
- Company’s description
- Marketing strategy
- Financial planning
- Business analysis
- Products and services
- Executive summary and more.
Upon crafting a good business plan, you will be able to beat your direct competitors by laying down your core strategies and marketing strategies. In this way, you can easily run a successful recycling and waste management company in Dubai, UAE.
Seek Financial Support
Those who are good at finance and know what they are doing may skip this one. It is especially true for experienced investors. They can fund everything from the very beginning till the peak of their business. If you are not familiar with finance, you should look for financial advice and guidance to amp up your business in Dubai.
We recommend you should go for the expert financial advisors at Riz and Mona. They will assist you in making budgets to set up your business in Dubai and handle every relevant procedure on your behalf.
Find Space for the Business
Location is another important factor you need to consider when starting a recycling and waste management business in Dubai. The UAE is without a doubt an extremely productive country for investors to start businesses. But your business cannot be started anywhere without considering the demand and target audience for your business.
This is the reason, that once you have your finances in order, you should look for a physical office space that will make you earn a handsome ROI. Locate your business which gives you the opportunity to get in touch with other investors who share your interest. And where your recycling materials are highly in demand.
Company Registration and Licensing
After you are in the final stages of setting up your recycling and waste management business in Dubai, you have to apply for company licensing and registration. After getting a suitable space for your running your company, you need to register your company and obtain a business permit. Then you can effortlessly and legally operate your recycling and waste management business activities in Dubai, UAE.
Launch Your Recycling and Waste Management Company with Riz and Mona
We all are familiar with the saying that time is money. To save your time and effort in starting your recycling and waste management company in Dubai, you can consult with the business setup expert companies such as Riz and Mona. Experts at Riz and Mona will make your business into reality by assisting you to build a road map for the launch of your new company in Dubai. So without wasting any more of your time, speak to us right now.