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.
Dubai, a city of dreams, has always been in news for its innovative strategies, booming business market and world-class attractions. A recent addition to the list is EXPO 2020, a festival of human ingenuity, that is going to be held in Dubai from October 20 to April 10, 2020.
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!
Experts of several renowned business consultancy firms who helping investors to set up businesses in Dubai, mention that entrepreneurs prefer setting up their offshore companies in the free trade zones in Dubai. The primary reason behind this is that companies located within free trade zones offers the benefit of 100% ownership to foreign investors, unlike a Limited Liability Company (LLC).
In LLC formation, the major shareholder should be a UAE national with 51% of shares. Company owners looking to expand their business and having a global presence choose Dubai because this city is conducive to the growth and development of business.