The United Arab Emirates (UAE) is a nation that has garnered immense popularity amongst investors all over the globe. Thanks to continuous economic growth and stability, and a government that openly welcomes foreign investors, there are plenty of rewards up for grabs for businessmen and investors in the UAE if they take the right steps.
However, a company setup in Dubai or any other part of UAE can be difficult if you don’t familiarize yourself with certain aspects of the business sector in the country. Here are some of the most essential things to keep in mind.
The All-Important License
A business license is issued after thorough verification by the Department of Economic Development (DED), which enables the business to commence its operations in the country. The department offers investors and businessmen more than 2100 business activities to choose from. However, activities like legal consultancy and food trading often need multiple approvals from various government departments before licenses are issued.
The Much Treasured Free Zones
The UAE has numerous free trade zones where business owners can claim full ownership. For this reason, these free zones have become incredibly popular, and with UAE’s thriving economic health, it’s no wonder that thousands of foreign investors are looking towards company formation in Dubai and other parts of the UAE. However, only certain types of businesses are allowed to operate in these free zones, and you can learn more about the zones and the rules and regulations associated to them on the official DED page.
If your business is set up in a free zone, the authorities would assist you a lot in terms of getting it all together. From choosing the right office space to setting up electricity and other necessary amenities; the DED provides a lot of assistance. However, if your business is located outside the free zones, you would have to look for help yourself, or consult business consultants like us at Goldman Consultancy.
The world of business is booming in the UAE. Come, invest, and be a part of it! We understand that investing in a business in a foreign country is never an easy decision. However, there are many rewards to be reaped, and our expert business consultants can guide you in the right direction. Numerous clients have benefited from our services, and you too, can invest smartly in a land brimming with promise and potential with Goldman Consultancy’s help.