Business Setup In UAE
Business Setup In UAE All You Need To Know
Business setup in UAE is the best of choice for SMEs to large corporates, for budding entrepreneurs to dreaming startups.
The United Arab Emirates (UAE) is known for its business friendly environment and a rapidly growing economy which attracts businesses from around the world.
Although UAE is the world’s eighth largest oil producer, diversification is the key Government policy which is aimed at achieving sustainable growth.
The UAE’s two largest economies, Abu Dhabi and Dubai are leading the drive towards diversification.
This far-seeing policy of economic diversification has increased the contribution of non oil sectors in the GDP of the country. The real GDP of the country expanded by 2.6% in the year 2016, mainly driven by a real growth of 2.7% of the non oil sector. (Central Bank of UAE. Annual Report 2016.)
Business Setup In UAE: What Are The Benefits?
The UAE stands at the forefront for political and security stability in the region. It’s business climate is considered as one of the most favorable in the area with well defined and sound legal framework for businesses.
Department of Economic Development (DED) is the authority responsible for driving UAE’s economic agenda while improving the business environment of the country. It develops economic plans and policies, identify and support strategic sectors and also provide administration services to local and international investors.
UAE is a major international center for business activity with a dynamic and rapidly growing economy. The UAE economy continues to grow despite regional and global challenges. It has successfully diversified from oil increasing the contribution of non-oil sectors in the economy.
Highlights of economic performance of UAE in 2015
- Increase in Real GDP by 2.6%
- Non-oil sector’s GDP contribution rose to about 77% at current prices and 70% at constant prices
- Tourism development strategy by the Government yielded industry growth of 3.3%
UAE’s heavy investment in real estate facilities such as hotels, residential and commercial properties, recreational and leisure facilities have made it one of the world’s most preferred expatriate locations. The country offers high quality of life and superior living conditions to its residence making it one of the most vibrant global destinations.
UAE invests heavily in telecommunications, energy and industrial infrastructure, enabling it to have one of the best infrastructure facilities in the world. World class amenities are available in terms of office spaces, business parks, warehousing, utilities and transportation for foreign investors looking to set up in UAE.
UAE is very strategically located between the three continents Europe, Asia and Africa. It offers easy access to the GCC and the entire Middle East market. This helps to organize effectively an international trade flow with minimal costs. Modern sea and air transport companies, ports and airports in UAE are connected with all the international transport hubs providing the possibility to deliver goods from and into any part of the world.
UAE is currently home to 45 free zones catering to the needs of various business categories. These specialised free zones are scattered over the seven emirates and offers various incentives for foreign companies to establish their presence in UAE. Some of the free zone benefits include:
- 100% foreign ownership of companies
- Easier start up processes
- Low costs of company formation
- Absence of corporate and personal income tax
- Industry specific Infrastructure facilities within each free zone.
The extraordinary vision of the country’s leaders established UAE as one of the world’s most successful countries for international trade.
UAE’s liberal labor policies make it easy and cost effective to recruit employees from almost any part of the world. Abundance of skilled and unskilled labor makes it easier for new companies to find the required manpower for their business operations.
UAE has an open and free economic system which attracts many investors and business into the country. Government control and regulation of the private sector activities is kept to a minimum with no direct taxes on corporate profits or personal income. Liberal visa policies in UAE permit private sector businesses to recruit expatriate workers from almost all over the world.
Business Setup In UAE: How KPI Team Can Help
KPI will be pleased to help you in setting up your business in UAE. KPI team with decades of experience in the process of company formation within UAE, will help you by providing turn key and hassle free solutions.
Right from assessing your requirements to getting your business started, we will be there with you throughout the entire process.
We do all that it takes to start your dream venture.
- Which Business Activities You Intend To Carry Out?
- How It Can Be Mapped To The Appropriate Activities Code Of The Respective Licensing Authority Or Free Zone Authority?
- Which Is The Ideal Place To Carry Out Your Business Activities (mainland Dubai Or Other Emirates ) Or Free Zone (Dubai Free Zones Or Free Zones In Other Emirates)
- Which Corporate Structure / Legal Structure Is Appropriate For Your Business
- What Application Forms And Other Documents Are Required To Be Completed To Obtain The Trade License And Other Operating Licenses To Start Your Operations
- Complete The Entire Documentation, Complete The Process And Obtain The License
- Getting Residence Permits And Visas.
Business Setup In UAE? What Are Your Options?
There are several options available for setting up your business in UAE. You can chose from the following options.
Free Zones In Dubai
Dubai free zones are an extremely attractive choice for companies wanting to capture the rapidly expanding markets of this region. Explore your options for business set up in some of the prominent Dubai Free Zones.
Free Zones In Ajman
Being one of the oldest free zones in UAE – the Ajman free zone is a preferred destination for setting up a business in UAE. Explore your options of business set up in Ajman Free Zone.
Free Zones In Sharjah
One of the most developed Emirates, Sharjah is rapidly emerging as a cost effective option for business set up in UAE. Explore your options for business set up in some of the prominent Sharjah Free Zones.
LLC Company Formation
Limited Liability Company (LLC) is one of the most commonly formed entities in Dubai, UAE. An LLC company is a flexible type of enterprise combining the features of a partnership and corporate structure.
Free Zones In Abu Dhabi
Abu Dhabi the political capital of the United Arab Emirates is also the largest amongst the seven emirates in the country. Explore your options for business set up in some of the prominent Free Zones in Abu Dhabi.
Offshore Company Formation
An offshore company is one of the unique types of companies in Dubai. An offshore company is established outside of its original jurisdiction and can be set up in some of the free trade zones of UAE.