The rental services industry in the UAE has witnessed significant growth in recent years, driven by factors such as increasing population, rising disposable income, and a thriving tourism sector. This industry encompasses a wide range of services, including equipment rentals, vehicle rentals, and entertainment rentals.
When it comes to physical media such as video tapes, records, CSs, DVDs, and disks, there now exists niche markets for renting these items in the UAE. Many people enjoy collecting and watching physical copies of their favorite movies and TV shows. Certain limited edition or rare physical media can be highly sought after by collectors. The vehicle rental market in the UAE is also a thriving industry, driven by factors such as tourism, business travel, and the growing expatriate population. The market is dominated by international and local players, offering a wide range of vehicle options to suit different needs.
Digitalisation, luxury car rentals, self-drive rentals, and electric vehicle rentals play a big role in this rising demand. The operational leasing of vehicles is also a significant segment of the market, particularly for businesses and individuals who require long-term vehicle usage without ownership. This model offers flexibility and cost-effective solutions.
For entrepreneurs who want to enter the thriving rental services industry, here are the business activities you can choose from.
7722.01 – Renting of video tapes, records, CDs, DVDs etc.
This business involves providing customers with the ability to rent physical media, such as videotapes, records, CDs, and DVDs, for a fee. These items typically contain movies, music, TV shows, video games, or other forms of entertainment. Businesses in this industry need to focus on growing and managing inventory, developing a rental process, and handling both returns and renewals.
Third-party Approval: This business activity requires third-party approval from the MRO
Filing of Economic Substance Returns: This requirement does not apply to the business activity mentioned in this article.
Anti-Money Laundering Compliance: This requirement does not apply to the business activity mentioned in this article.
7722.00 – Renting of video tapes and disks
This business involves providing customers with the ability to rent physical media, specifically videotapes and disks, for a fee. These items typically contain movies, TV shows, or other forms of video content. This business, too, involves maintaining an inventory, along with handling a rental, return, and renewal process effectively.
Third-party Approval: This requirement does not apply to the business activity mentioned in this article.
Filing of Economic Substance Returns: This requirement does not apply to the business activity mentioned in this article.
Anti-Money Laundering Compliance: This requirement does not apply to the business activity mentioned in this article.
7710.01 – Renting and operational leasing of vehicles: passenger cars, trucks, utility trailers, and recreational vehicles
This business involves providing customers with the ability to rent or lease vehicles, such as passenger cars, trucks, utility trailers, and recreational vehicles, for a fee. Short-term rentals are typically for a few days or weeks, often used by tourists, business travellers, or individuals who need a vehicle temporarily. Long-term rentals can be for months or years, often used by individuals who need a vehicle for extended periods but don’t want to own it.
This business excludes the renting or leasing of vehicles or trucks with driver and financial leasing.
Third-party Approval: This business activity requires third-party approval from the Traffic Committee (Sharjah), prior to obtaining your business license
Filing of Economic Substance Returns: This requirement does not apply to the business activity mentioned in this article.
Anti-Money Laundering Compliance: This requirement does not apply to the business activity mentioned in this article.
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