According to the survey conducted by Doing Business, World Bank, UAE was ranked at 17th across 190 global economies under the category of Starting a Business with ease, where the economies which are ranked under 20 have the friendliest regulations and protection of property rights. With UAE being consistently working on reaching the top position in this ranking, they outpaced their peers in the Gulf region by streamlining the process to start a business in the easiest possible approach for the investors.
How easier is the process of starting a Business in UAE can be?
Starting a business setup in Dubai, UAE is at the simplest and easiest state wherein the UAE government has eased out many regulations to persuade foreign investments. Be it for a UAE National or an Expatriate, a new business setup in Dubai can be formed in matter of few days provided the documentation are thorough.
Wondering why to start business in UAE?
The progressively attractive jurisdiction in setting up a business in UAE, are alluring foreign investments by offering 100% foreign ownership in mainland setups of many sectors of Business, wherein initially the 100% ownership was restricted only to Freezones. The state-of-the-art infrastructure and a reliable political system along with the reforms in starting a business has attracted a good amount of Expatriates population, thus making it one of the strongest economic and commercial hubs in the GCC regions.
With its increasing popularity, where the businesses pay the lowest taxes in comparison with other economies, it not only ticks the checkpoints for smaller investors but also attracts the companies who want to start their subsidiaries or expand their operations in a rapidly evolving economy. A country driven by varied culture and diversities, it’s a lucrative market that is yet to be tapped of many of its opportunities.
Various business licenses you can choose from, in UAE.
UAE government in a bid to influence every single investor willing to start a business setup in UAE have formed different types of licenses to cater from small businesses to the conglomerates. With more leniency in compliance of requirements to start a business, many aspiring entrepreneurs have routed for UAE.
FirstStep: Place your bet on the best
With the advent of increasing reformations in the formation of a business, it’s always best to rely on one of the best experts in this Industry. Being the expertise we are, FirstStep has consistent record of facilitating our clients with all the required procedures and documentation in 24 hours of their confirmation. The client need not worry about the tiresome documentation, or the approvals from the government entities that is essential to establish one’s business in UAE. We work diligently to create more success stories with keeping ourselves in par with the changes in the reforms and regulations. Our numerous client’s testimonies stand as a witness to our success in launching their dreams in UAE.