September 20, 2024

From Hamburg to Dubai: How I started a jewelry business in Dubai as an Iranian migrant with the help of Setupco and Andreas Schmidt

SetupCO Consultancy L.L.C
Reading time 5 minutes

When I came to Germany a few years ago, like many other migrants, I had a big dream. Originally from Iran, I moved to Hamburg to build a new life for myself. But despite all the opportunities that Germany offered, I always dreamed of achieving something bigger. My passion for Jewelry has always been a part of my identity - I was fascinated by the wealth of culture and tradition that goes into every piece of jewelry. After years of thinking and planning, I finally decided that Dubai was the right place for me to realize my dreams.

Through a simple Google search I came across Setupco and Andreas Schmidtand that moment changed everything. In this article, I want to share my journey from Hamburg to Dubai and explain how Setupco and Andreas Schmidt helped me set up my own jewelry business in one of the most exciting cities in the world.

The dream of opening a jewelry store in Dubai

I already had a small jewelry store in Hamburg where I offered Persian and international designs. But the competition in Germany was tough and I quickly realized that I needed a new environment to be really successful. I knew that Dubai, as a center of international trade and luxury goods market, would be ideal for my jewelry business. The city attracts a wealthy and international clientele looking for exclusive and unique pieces of jewelry.

Why Dubai?

  • Strong demand for luxury goodsDubai is known for its affluent population that appreciates luxury goods, including jewelry.
  • International platformThe city is a global trading center that would give me access to international customers.
  • Tax advantagesDubai offers attractive tax incentives for entrepreneurs, making it an ideal place to set up a business.

All these advantages made Dubai the perfect city to take my business to the next level.

How I found Setupco and Andreas Schmidt via Google

When I started looking for information about starting a business in Dubai, I didn't know exactly where to start. I had a lot of questions - what would the incorporation process look like, what legal steps would be required and how would I apply for my visa? A simple Google search for "company formation in Dubai" led me to Setupco.

From their website, it was clear that they specialize in helping entrepreneurs set up businesses in Dubai. I was particularly impressed that they offer comprehensive services - from market analysis and legal requirements to opening bank accounts. I immediately sat down with Andreas Schmidtthe managing director of Setupco.

The support of Setupco and Andreas Schmidt

After contacting Andreas Schmidt, I quickly realized that I had made the right decision. Andreas and his team at Setupco helped me turn my dream into reality right from the start. They guided me through the various steps of setting up a company and took away my fear of the bureaucratic hurdles.

What Setupco and Andreas Schmidt have done for me:

  • Market analysis and site selectionAndreas helped me understand the market in Dubai and find the right niche for my jewelry business. He showed me how much demand there was for handmade, unique jewelry and helped me choose the best location for my business.
  • Legal advice and company formationStarting a business in a new country can be complicated, but Andreas and his team made sure that the whole process went smoothly. They took care of all the legal matters, from registering my company to applying for the necessary licenses.
  • Visa and residence permitAs I am from Iran and moved to Dubai via Germany, applying for a visa was an important step. Again, Setupco supported me through the whole process and made sure that all the paperwork was submitted correctly.
  • Opening a bank account and financesSetupco helped me to open a bank account in Dubai, which was essential for the smooth running of my business.

The development of my jewelry business in Dubai

Once all the legal and bureaucratic steps were completed, I was finally able to focus on what I enjoy most: building my jewelry business. I imported unique pieces of jewelry from Iran and other parts of the world and offered them in an elegant store in the heart of Dubai.

Important steps for the success of my business:

  1. Exclusive jewelry collectionsMy goal was to offer jewelry that customers would not find anywhere else. Through my connections in Iran, I was able to import exclusive handmade jewelry that reflects the cultural diversity and artistic heritage of the region.
  2. A luxurious shopping experienceWith Andreas' help, I found the perfect location for my jewelry store. Dubai is known for its high-end shopping centers, and my store was designed to reflect the luxury and elegance of my products.
  3. Online sales and e-commerceIn addition to my physical store, I also built a strong online presence to make my jewelry accessible to a global audience. This was especially important to reach customers outside Dubai.
  4. Networking and eventsAndreas helped me to enter Dubai's business network and participate in exclusive jewelry and luxury events. These events were crucial in raising the profile of my company and helped me to make important contacts in the luxury industry.

The challenges and how I overcame them

Of course, there were also challenges along the way. It was not always easy to adapt to the business culture in Dubai and the competition in the jewelry industry was tough. But with the support of Setupco, I was able to overcome these hurdles:

  • Cultural differencesAs an Iranian migrant, I was familiar with the Middle Eastern culture, but the business world in Dubai is very international. Andreas helped me to understand these cultural differences and adapt my business to meet the needs of the market.
  • Competition in the luxury segmentThe jewelry market in Dubai is highly competitive, but by focusing on unique designs and excellent customer service, I have successfully differentiated myself from the competition.

My success and the future of my business

Today, my jewelry business in Dubai is running successfully and I am proud that I was able to realize my dream. Thanks to the support of Setupco and Andreas Schmidt I have not only built a business, but also created a strong brand that is recognized in Dubai and beyond.

In the future, I plan to further expand my business, introduce new collections and strengthen my online presence in order to reach an even larger international clientele.

Conclusion: A jewelry store in Dubai with the help of Setupco and Andreas Schmidt

If you are thinking about setting up a business in Dubai, regardless of the industry, I can only recommend that you go through Setupco and Andreas Schmidt to go. They have the knowledge, experience and network to help you get started and ensure your business is successful.

Without their support, I would not have been able to realize my dream and open my own jewelry store in one of the most exciting cities in the world. Dubai offers countless opportunities and with the right partners, you too can realize your dream.