Author: Hanoof Al Naama
Published: October 28, 2024
Category: Business Activity
The sports facilities industry in the UAE has seen significant growth in recent years, driven by several key factors:
Government Investment: Heavy government investment in sports infrastructure has contributed to industry growth, with major sporting events such as the FIFA World Cup and Abu Dhabi Grand Prix driving increased demand for sports facilities.
Population Growth: The UAE's growing population, particularly driven by expats, has created substantial demand for sports facilities to cater to leisure and fitness needs.
Health and Fitness Emphasis: There has been a growing emphasis on health and fitness in the UAE, contributing to increased demand for sports facilities.
Tourism: The UAE is a popular tourist destination, and sports facilities are an important part of the tourist experience.
For entrepreneurs who want to join this thriving industry, there are specific business activities you can choose under your business license.
The operation of sports facilities involves the management, maintenance, and upkeep of various athletic venues, such as stadiums, arenas, gyms, swimming pools, and golf courses. This industry encompasses a wide range of responsibilities, from ensuring safety and cleanliness to coordinating events and managing staff.
| Requirement | Status |
|---|---|
| Third-party Approval | Exempt |
| Filing of Economic Substance Return | Exempt |
| Anti-Money Laundering Compliance | Exempt |
Operation of facilities for indoor or outdoor sports events (open, closed or covered, with or without spectator seating): Racetracks for auto, football, hockey, cricket, baseball, jai-alai stadiums, swimming pools and stadiums, track and field stadiums, winter sports arenas and stadiums, ice-hockey arenas, boxing arenas, golf courses, bowling lanes, and fitness centres.
The operation of sports facilities involves the management and maintenance of venues for indoor or outdoor sporting events. These facilities can range from open-air stadiums to enclosed arenas, with or without spectator seating.
These facilities play a crucial role in:
| Requirement | Status |
|---|---|
| Third-party Approval | Exempt |
| Filing of Economic Substance Return | Exempt |
| Anti-Money Laundering Compliance | Exempt |
Organisation and operation of outdoor or indoor sports events for professionals or amateurs by organisations with their own facilities.
This business involves planning, executing, and managing sports events for professionals or amateurs. Such organisations often have their own facilities, such as stadiums, arenas, or courts, but they may also rent or partner with other venues. This also includes managing and providing the staff to operate these facilities.
| Requirement | Status |
|---|---|
| Third-party Approval | Exempt |
| Filing of Economic Substance Return | Exempt |
| Anti-Money Laundering Compliance | Exempt |
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