Thanks to its inclination towards ever-changing reform, facilities at par with global standards and geographical advantages, UAE opens avenues for both budding entrepreneurs and already established ventures, alike. The economy of UAE is projected to grow even more with the forecast for 2024 being 4 percent GDP growth as indicated by the World Bank.
This is quite remarkable as the United Arab Emirates is capitalizing on an impressive squeeze of 7.9 percent in 2022. This is a clear testament of the ability of the UAE to withstand external shocks and the longer term potential of its economy. This will also see the GDP of Dubai growing at an average annual rate of 3.5 percent per annum from 2025 to 2030. (The Dubai Economic Council)
Advantages of the UAE business setup opportunuties
The UAE remains competitive when it comes to attracting foreign direct investment (FDI) compared to other countries. While Dubai serves as an international trade center, this complements the appeal of Abu Dhabi’s investments in areas like green energy and technology. Starting and running a foreign, especially a business in the UAE, gives ex-pat business people an edge and this has made the UAE increasingly appealing to them.
Geographical Aspect
The United Arab Emirates is located on the nexus of two land masses but more importantly to the east and west. Due to this arrangement, regional growth is sustainable as more business opportunities are easily available to every member of the region. The geographical location of Dubai can reach the total market base of 2.5 billion people in the Middle East, Asia, Africa and europe. (Dubai Chamber of Commerce and Industry)
UAE Business Setup
The UAE is usually well placed whenever there are copulsive indices on how easy one can do business in a particular country. This makes it very easy to start a business and carry out day-to-day operations thanks to the well-structured policies, and rules which encourage more investors. Again, the UAE positioned herself 16th in the world and therefore remaining among the top countries where it is easy to do business. (World Bank’s Ease of Doing Business Index, 2020)
Foreign direct investment
As far as legal reforms in the United Arab Emirates are concerned, they make it possible for foreign business owners to own a company in the core parts of Dubai. Government of the UAE has also revised policies concerning foreign businessmen and women operating in the country and now they are allowed to own their businesses completely up to one hundred percent in various sectors. This removes the requirement of having to appoint an Emirati lawyer and seeking out local sponsors.
Ecosystem for entrepreneurs
The development of business in the UAE is well advanced and inspires innovation and growth among all segments of business. The UAE has everything from advanced tech companies to successful retail businesses allowing the expansion and growth of its entrepreneurship. The non-oil foreign trade of the UAE reached AED 1.9 trillion in 2020 which indicates the level of change businesses are undergoing in the country. (The Ministry of Economy of the UAE)
Strategies
For most foreign investors, the absence of tax liabilities within the free zones of the UAE is one of the most enticing factors for business establishment (PricewaterhouseCoopers). In other words, a large number of businesses in the UAE do not pay taxes on their profits, capital gains, and dividends which causes a considerable reduction in business costs. Companies in the United Arab Emirates are compelled to reinvest or pay out to shareholders less income back because more money is kept in the company. (U.ae)
Expert Advice in Business Consulting in Dubai
There should be no hurdle in flying your business ambition in Dubai. In order to make your dream come true, you only need professional business consultants with you who will help facilitate the process and execute your goals in full. By engaging professional business consultants, you get help to conquer business challenges in Dubai with ease.
Empowering entrepreneurs and businesses of all types
According to research, 60% of UAE-based businesses are anticipating a business transformation within the next two years. They express the determination to remain ahead in the curve of the diversification of the UAE’s business landscape. The economy of the UAE is expected to experience remarkable growth given that it has continued to put in place measures for diversification, making investments in infrastructure and introducing new means of innovativeness. (Oxford Economics)
Comprehensive company formation in the UAE
High-level business advisors take charge of more than only filling forms for company registration in UAE. They, with a holistic/personalized approach, advise clients on the appropriate business structure either for mainland, freezone or offshore. While Dubai is a competitive marketplace, its Bureau of Economic Development asserts that Strategies for organizational or business development is paramount to achieving effectiveness in the international market.
Your guide to scalable Business Success with PRO Services
This rapid scale up potential of the UAE is attracting both local Emirati entrepreneurs and foreign investors. On the contrary, establishing and managing a new business in-countries can prove to be quite a tedious affair. Business support services in Dubai can assist you in mitigating problems such as understanding and complying with the legal requirements during and after incorporation of a business.
