The UAE government has recently announced a long-term residency scheme termed ‘golden visa’ for expats, that gives them the opportunity to prolong their stay in the country. An attractive business environment with exceptional talents is what is expected out of the initiative.
UAE is one of the fastest growing economies in the world and the second largest in the Arab world. GDP of UAE economy which stood at $382.58 Billion in 2017 is projected to trend around $425.00 Billion by the year 2020. The economy of UAE has grown by nearly 231 times, since its independence in 1971 is projected to trend around $425.00 Billion by the year
The UAE has been excelling economically over the last few decades and the lion’s share of the credit goes to free zones! Free zones are the strongest pillars of UAE’s economy, that generate billions of jobs and helps in boosting foreign investment. They help spur economic diversification and contribute significantly to the non-oil sector.
UAE is one among the top 10 countries in the world that holds the highest offshore wealth. Going offshore is one of the best methods to start or expand your business, as it comes with numerous perks. The tax and custom-free benefits coupled with complete anonymity has helped elevate offshore zones’ status as the most preferred type of company formation
Getting away from the clutches of managers and beginning your own firm is something most people dream of. But it’s not an easy process, it’s indeed a challenging one that involves careful planning and execution. When it comes to a country like UAE, that opens door to myriad of opportunities, the risk level increases.
Investing in a franchise is a smart decision for aspiring entrepreneurs. The reason being that instead of establishing a business right from scratch, you get the opportunity to have the brand recognition and marketing channel of a renowned business along with a framework to operate the franchise successfully. In addition to this, help is offered by the franchisor with respect to marketing and promotions.But, the chances of losing your hard-earned money is equally high if you do not understand what you are about to get into, and the complications that might be involved in it. Hence, to simplify this process, here are a few things that you should consider when looking for franchise opportunities in Dubai/UAE or elsewhere.
Dubai offers a great prospect for startups from all fields. The process involved in company incorporation in Dubai differs according to the type of company and the amount of investment. In most conditions, the Dubai Company Act allows incorporation only when a foreign investor has a local partner owning the majority of the company shares. However, the Dubai free zones are the only places where investors may setup fully owned companies.
If you’re asking yourself, “Can I start my own business in the UAE?” the answer is yes you can! But all you need for doing business profitably is to get professional help. You cannot equip yourself with sound knowledge of the local region overnight; however you always have the choice to hire a business setup consultant to help you with the same. Consult a business setup consultant and set up your business in Dubai, an area that has both convenience and potential to make your business a success!