Why it is the Best Time to Start a Business in UAE?
The UAE’s business ecosystem and supportive laws are fostering the growth of startups, making it an opportune time to establish a business in the country. With world-class infrastructure, Free Zones serve as an ideal launchpad for entrepreneurs. Moreover, the country’s efficient SME and eGovernance systems expedite the process of company formation.
There has been a significant surge in new company registrations.
The region is experiencing an uptick in business registrations due to several factors. These include lower company set-up costs, well-established banking networks, and access to a diverse pool of talented individuals.
Entrepreneurs with ambition can effortlessly establish start-ups and assess the market in this region. The strategic location, burgeoning population, and extensive trade activities offer vast business prospects. Embrace the opportunity and unlock your entrepreneurial potential in this thriving environment.
Why Choose the UAE for Setting Up Your Business?
Discover the compelling reasons why setting up your business in the UAE is a wise move. Act now and seize the unparalleled opportunities this vibrant destination offers.
1. Simplifying Complexity
Establishing a company can often be a time-consuming endeavor, involving a multitude of documentation, legal obligations, visa processing, and business license registrations, among other things.
Skilled business consultants can alleviate the challenges of establishing a company in the UAE. Moreover, the UAE Government has implemented various initiatives to expedite the process of company formation and enhance the business environment in the region. The UAE strives to support entrepreneurs and foreign investors by offering cost-effective business packages tailored to their specific needs.
2. Comprehensive Selection of Business Setup Packages
The UAE presents numerous opportunities for startups and entrepreneurs. The Free Zones offer enticing packages tailored to suit various business activities. Based on an investor’s business background, expertise, office requirements, nature of the business, and budget, the Free Zones of UAE provide customized options for setting up a company.
Affordable company formation packages offered by free zones.
From Zero visas to multiple visa quotas, and from unfurnished to fully furnished offices, along with warehouse facilities and various business license types, the free zones of the UAE offer it all.
It is highly recommended to seek expert business advice to ensure that you make the right choices. Business setup is a long-term commitment, and the process must be executed correctly by adhering to UAE business laws and obtaining all necessary approvals and clearances.
3. Affordable and appealing packages with incentives to boost trade promotion.
To ensure seamless business operations and foster sustainability, the Free Zones are introducing affordable company setup packages at unprecedentedly low fees, in response to the ongoing pandemic. Additionally, the Free Zones of UAE have implemented a range of stimulus measures, including rent waivers, multi-year license packages, E-channel fee waivers, and even free lifetime residence visas. These initiatives aim to empower entrepreneurs, bolster trade, and accelerate economic recovery.
4. Vast Reservoir of Talent Awaits
Amidst the pandemic, numerous skilled professionals in the UAE have unfortunately faced job losses. However, this has resulted in a vast pool of talented and experienced individuals readily available in the country. Businesses can leverage this abundant workforce to easily scale up by venturing into new domains like customer service, IT support, design, and more.
5. A top-notch infrastructure coupled with a thriving business ecosystem
The UAE provides robust infrastructure support that fosters the growth of startups. The region’s business setup is driven by a combination of new regulatory frameworks, enhanced government support, increased funding opportunities, strong banking partnerships, and more. These factors contribute to a thriving environment where startups can truly flourish.
The UAE boasts a world-class business infrastructure that nurtures the growth of startups. From co-working spaces and shared offices to startup accelerators, funding platforms, and software testing centers, every essential support system for businesses is readily available here.
6. Zero Taxation Policy
The UAE boasts a Zero Taxation Policy, with no Corporate or Income Tax. The only payable tax in the region is a mere 5% VAT. This presents a significant advantage for businesses and foreign investors hailing from countries burdened with high taxes. It allows them to safeguard their investments and maximize profit returns from their operations in the UAE.
Tax Residency Certificate and the Benefits of Tax Savings
Residents in the UAE can take advantage of the Double Taxation Avoidance Agreement by obtaining a Tax Residency Certificate, allowing them to save on taxes in their home country. Additionally, the UAE’s Free Zones offer attractive business incentives, including VAT Free Zones where businesses are exempt from paying any VAT.
Foreign investors are inclined towards UAE Free Zones for establishing their businesses due to various advantages. For instance, imports to Free Zones are exempt from Customs Duty, making it easier for businesses to operate. Moreover, considering the current scenario, the cost of company formation in all UAE Free Zones is at an all-time low fee. This combination of benefits makes UAE Free Zones a highly attractive option for foreign investors.
Now is the perfect moment to bring your entrepreneurial dreams to life by effortlessly establishing a company in the UAE at an unbeatable price.
7. 100% Foreign Ownership
UAE Free Zones offer a significant advantage by allowing 100% foreign ownership, making them highly coveted among international investors. This unique feature sets them apart as a sought-after jurisdiction for businesses looking to establish a presence in the region.
In addition to the advantage of 100% foreign ownership, owning a Free Zone company offers numerous business benefits for investors. These benefits include the following:
- 100% profit repatriation and share capital transfer
- No customs duty for imports to the Free Zones
- Quick & Easy business setup
- The UAE offers convenient access to its airports and seaports, ensuring seamless connectivity for travelers.
- Top-class infrastructure and amenities
- Discover custom office spaces and warehouse facilities meticulously crafted to cater to your individual requirements.
- Most Free Zones do not require an audit report, making it an optional requirement.
- and many others…
8. Exceptional Networking Opportunities
The UAE offers vast networking opportunities for investors seeking new connections. Interacting with like-minded individuals provides valuable insights for business owners. With numerous networking events, resource centers, and knowledge hubs, the UAE provides extensive support for your entrepreneurial journey.
In summary, the UAE is undergoing constant evolution, presenting abundant business opportunities across diverse industry sectors. With its robust business ecosystem and promising future growth prospects, there is no better time than now to embark on establishing your business in the UAE.
Connect with a seasoned Business Consultant, such as Pro Consultancy, to swiftly transform your dream of establishing a company into a tangible reality. For further insights on the prospects of Company Setup in UAE, don’t hesitate to contact our proficient Business Consultants today!