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business-setup-in-united-arab-emirates

BUSINESS SETUP IN UNITED ARAB EMIRATES (UAE)

A Detailed Guide to Setup Any Type of Business in UAE

Business Setup In UAE

It’s no secret that there’s a lot of information to consider when selecting the best free zone for your specific business needs, including location, price, type of business, Flexi-desk or office options, auditing, accounting, and share capital requirements, among others. We walk you through it step-by-step, steering you in the right direction, saving you money, and ultimately making the entire experience as stress-free as possible.

In Dubai and across the UAE, we offer niche business setup services. We assist multinational companies and SMEs to enter the UAE markets quickly. In addition to meeting the initial needs of business setup in Dubai, we also create a broader scope for your business. When starting a business in Dubai, it’s vital to take into account the scope of the company, so we develop your company so you can focus on growth and attract new prospects.

Business-Setup-In-UAE

WHY Set up a Business in Dubai

Business-setting in Dubai has now been made easier by ongoing and ambitious reforms aimed at making it as easy as possible for entrepreneurs, entrepreneurs expanding, and service providers. Due to aggressive legal reforms such as long-term visas and introducing free zones, Dubai has been steadily ascending as a global commercial capital and simplifying business operations for foreign owners. Due to all of these factors, Dubai is an extremely attractive place to start a business, especially for foreign nationals. We take a look at the top reasons for establishing a business in Dubai this year.

In recent years, Dubai has solidified its position as a regional hub for trade and business. According to a recent survey of global business hubs, the UAE is now ranked 15th. A well-connected transportation system, the absence of business taxes, and the development of Dubai’s financial sector are cited as factors contributing to the city’s global prominence in the survey. Located between the established economies of Europe and Asia, as well as those emerging from Africa, it is a great place to start a business.

WHY-Set-up-a-Business-in-Dubai

Other than oil, the emirate has been trying to diversify its economy. History shows that this strategy has mixed results, resulting in the 2008/09 debt crisis. However, it also contributed to a widespread business-friendly reputation, courtesy of the government’s encouragement of regulations across different sectors. Business regulations and laws in the UAE are favorable towards operations within its borders, and more are planned.

UAE government passed foreign direct investment (FDI) law in 2018 to stimulate investment. Those changes will not only make it easier for businesses to set up shop here, but will make things so much easier for those businesses that already do so. The law allows foreign companies to own up to a 100% share of their companies, among other provisions to benefit foreign investors.

Direct foreign investments swelled by 41% last year in Dubai. The emirate achieved US$10 billion in foreign direct investments in a fiscal year for the first time, according to the state agency responsible for foreign investment promotion. There is no doubt that this economy is open and receptive to foreign investors and business owners.

HOW to set up a business in Dubai

Company formation in Dubai has never been easier. This statement would have been true at any point over the past decade or so, but right now the signs are especially promising. A new ambitious project is announced or delivered almost every week in the UAE. The country’s projected growth makes it a trend worth following.

The good news is that company formation in Dubai is both simple and fast, with strong incentives, notably in the form of the UAE’s free zones. While you may open a business onshore or offshore in the UAE, it is particularly popular with foreign entrepreneurs that you do so in a free zone. The government offers 0% corporation and personal taxes, 100% company ownership, 100% repatriation of capital and profits, and no currency restrictions.

Although the technical, administrative, and financial aspects of company formation in Dubai can seem intimidating, following a simple step-by-step process with the right support, is far more straightforward and affordable than you might expect. We have assisted many companies in establishing themselves in various free zones and can break down the 6-step process into six basic steps.

WHERE to set up a business in Dubai ?

In addition to the friendly conditions of the free zones, forming a company in Dubai can be accomplished in less than a week with the help of our business setup consultants in Dubai. Each step can pose complications that could derail the inexperienced applicant. That’s where we can help. In addition to guiding you through all the steps, we can also assist you with your liaison with UAE government authorities and spot potential problems before they arise.

Flyingcolour® assists in all types of company registrations in United Arab Emirates. We assist in Mainland, Free zones or Offshore company registrations in all Emirates of UAE. We also assist in opening bank account with all local leading banks. We closely work with all Government Departments and banks.

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