Tuesday 9 October 2018

Reasons why UAE should be your business destination




Starting your business from the scratch can be quite stressful and most often, it is the lack of encouraging business opportunities that don’t let you take the plunge. However, with UAE government, things are very different. 


UAE has always been encouraging and cooperative for foreign investors to open their businesses, no matter how small or big, in the country. With relaxed legal formalities and laws, Doing Business in UAE is very profitable. Here are some reasons why you should consider UAE for establishing your business.

Top reasons that make UAE favorite among startup entrepreneurs

·         The burgeoning economy of UAE is a great catalyst for startup businesses. UAE has perhaps the most liberal trade regime in the Gulf and that makes the country offer lucrative business opportunities to foreign nationals. 

·         The legal framework is very accommodative for new businesses. There is minimal red tape in the country and the legal procedures are quick. Whether you are looking for an Offshore Company Incorporation UAE or Company Formation in Creative city, you can always reach out to established and reputed business consultants who can make it easier for you. All you need is a local Emirati sponsor and you are set with your business establishment goals. 

·         The development of infrastructure in the country and the strong inclination towards technological advancement has left no stone unturned for foreign startup entrepreneurs to establish a business of their dreams with ease. With world-class infrastructure in the form of business parks, office spaces, warehouses, connectivity and other business utilities, there is no dearth of opportunities here.

·         The tax exemptions in UAE are another big advantage for new business owners. All over UAE there are many free zones, and the tax exemptions in these zones are even more encouraging for businesses established here.

Apart from the above reasons, the strong healthcare and education sector of UAE and a welcoming local culture makes UAE the ideal business destination.

Monday 8 October 2018

Tips for starting your own business in Dubai



Dubai is considered as one of the most livable cities in the world. With ample business opportunities and encouragement from the Dubai government for foreign direct investment, businessmen from across the world find it rather hassle-free to expand their business here.


Business Formation in Dubai Freezone is particularly encouraged by the UAE government in view of the upcoming EXPO 2020.

That being said, the local business scene of UAE has its own intricacies that you should be aware of if you are considering LLC company formation in UAE or Company Formation in Jafza Offshore. This is the reason is best to hire a local consultant, who can help with company formation in Dubai.

Some quick tips to start your business in Dubai

·         The first thing to bear in mind is that the UAE government only allows businesses that have a local sponsor with a stake of at least 51%. This implies you will need to find an Emirati national, to whom you will have to pay a yearly fee. With this setup, you can have your business at any place in Dubai. However, if you are looking for 100% ownership, you can choose to establish your business in any of Dubai’s freezones.

·         It is important that you do a good research on the location. If your business is customer oriented, it is important to choose a location that is easy to reach. You may consider the distance from metro stations and availability of free parking around as your key aspects when choosing a location for business such as retail outlets, restaurants, etc.

·         Ensure that you have the valid visa for business. If you have a local partner (sponsor), he will arrange for your visa however, you need to be sure about everything legal about your eligibilities on the visa.

·         Hiring a business registration agent can be a good idea to start your business in Dubai. As the agents are well aware of the local legal formalities, you can depend on their expertise in dealing with the local government or the free zone authorities. 

Ideally, setting up a profitable business in Dubai is easy and convenient. However, the government is very strict with its local laws and fines are huge. So, it is always recommended that you do your research well before you take the plunge.