In today’s world where people want to save every bit on prices of products, a business man will think in the same way while in establishment of his business. The business world is facing static economical growth around the globe. However in GCC where prices of oil affect all the business, UAE is still considered as a fantastic location to do business. I would like to highlight some areas and summarize key points to consider in order of having an economical and instant business setup decision.
A survey was done with a purpose to know that which state is considered the best for business setup in term of cost and time taken to establish it. The cost includes for example, cost related to government approval of license, cost related to visas, cost related to rental charges for offices and warehouses etc.
Both free zone and main land provides excellent business startup opportunities. If a person is interested in general trading in free zone area, then based on government fee, the cost in Um Al-Queen is lowest of all free zones.
However, if a person is interested in normal trading then Ras Al- Khaima is most economical then all of the free zones. It also provides more than one option to have a normal trading license depending upon visa requirements.
More over the best economical package for consultancy service business in free zone is again Ras Al-Khaima. However, by opening a management consultancy firm in Ajman also provides lots of opportunities in term of area wise connection with other emirates.
E-commerce license is available at very low cost in Ras –Al Khaima and Fujairah. But one must have to consider all the factors before deciding to choose which zone area or mainland area is the best. Price should not be the only factor to consider while setting up a business. Other factors should also be considered such a availability of recourses and timing required to get approval of license etc. If a person wants to operate in mainland and free zone then getting a license from mainland is the best option to follow.
This blog post is written by Mr. Sohaib (Business Consultant at flyingcolour Business Setup Services). For more detail information please call +9714-4542366 or email sohaib [at] flyingcolour [dot] com.