What are the Advantages of Starting a Business in the UAE?

There are numerous options available in the UAE to start a business. Most of our clients who approach us are confused as to where to begin. They have plenty of information available online that highlights various ways to start a business in the UAE. Investors always look for their business benefit before starting a company anywhere.

So, having an expert Business Consultant to guide you the right way will help you save time, money and effort. Often, the information available online will not give you a clear picture of the specific processes or the specific advantages of launching your business in the UAE.

That’s where we come into the picture. In this article, we have listed out the benefits in starting a company in the UAE.

Why should you Set up your Business in the UAE?

There are numerous reasons for an investor to set up their business in the UAE. Every investor looks for options to lower their overhead costs, reduce administrative hurdles, and have a perfect launchpad for the business with government support and compliance.

UAE has it all and more. So, businesses can comfortably thrive in the region with minimal or no stoppage to their operations. Various factors contribute to the choice of setting up the company in UAE.

 A few of the major drivers are the ‘ease of doing business’ in the region, talent availability, zero taxation policy, exceptional networking opportunities and more.

1. Ease of Doing Business

Dubai ranks 16th in the World Bank index for the ease of doing business. The UAE Government is

constantly looking for measures to ease the business setup in the UAE. So, more investors from around the world can come and start their business here without any hassle.

With the help of business consultants, the company formation process can be made simpler.

Often, there is a long list of documentation and paperwork for getting approvals. Similarly, for the processing of a residence visa, there could be unexpected delays. The business consultants will follow up and facilitate the smooth business operations.

2. Unlimited Business Setup Choices

There are many choices to start a company in the UAE most cost-effectively. Ajman Nuventures Free Zone has a Zero Visa Quota starting at AED 4,888 only for one year. Similarly, there are numerous Free Zone offers that are very attractive for startups and consultants.

Depending on the investor’s specific business requirement, the Free Zones in the UAE have customized company setup options. For large companies that require warehouse facilities or multiple visa quotas, there are many Free Zones in UAE that offer customized warehouses and land parcels.

3. Low-Cost Company Packages

Starting from a Zero Visa quota to more than 100 visas, the Free Zones have business packages ready for investors. Often, the low-cost business packages help early-stage investors to reduce their burden and start their business operations.

An expert Business Consultant can advise on various office space packages, details about warehouses, business licenses and more. Having a business consultant will help to save time and effort in the long run. Also, they will advise about the compliance requirements and get all approvals to start your business at the lowest cost.

So, these low-cost company packages, along with a few benefits such as multi-year license packages, e-channel fee waivers, free lifetime residence visas, rent waivers, etc., empower entrepreneurs to sustain their business establishment in the region successfully. 

4. Talent Availability

There is a multicultural population available in the UAE. More than 200 nationalities live and work in the UAE. Across many fields, there is immense talent potential locally available in the UAE. So, businesses can take advantage of this workforce that is readily available in the country.

For IT support, business development, sales, engineering, healthcare and more, there is immense talent available in the UAE for the businesses to tap into for employment.

5. World-Class Business Infrastructure

UAE is a perfect launchpad for starting your business. The regulatory framework, funding support, banking partnerships, government initiatives, etc, drive up the business setup in the region.

The country has the world’s best business infrastructure to support startup growth. From coworking spaces, shared offices, to warehouses, and other support systems are available for businesses.

6. Favourable Tax Policy

The UAE has the lowest Corporate Tax in the world. It is at 9% and VAT at 5%. This is a great advantage to hedge the business profits and investments of their UAE business operations.

UAE residents can leverage the benefits of the Double Taxation Avoidance Agreement by applying for a tax Residency Certification. They can save tax in their home country by excluding profits earned in the UAE.

Additionally, the Free Zones of the UAE offer more business incentives, and there are a few Designated Zones that are VAT-free under specific criteria. Furthermore, any imports to Free Zones are free from customs duty. So, it is ideal for traders and logistics providers to set up their base in any of the Free Zones in the UAE.

So, There is no better time than this to realize your dreams of setting up a company in UAE seamlessly at the lowest cost.

7. 100% Foreign Ownership

The 100% foreign ownership is the key highlight of Free Zones. For foreign business owners, it is beneficial to start a company in any of the UAE Free Zones.

Along with the 100% foreign ownership, there are several reasons why an investor chooses a Free Zone in the UAE to start their business. A few of them are:

• 100% profit repatriation and share capital transfer
• No customs duty for imports to the Free Zones
• Quick & Easy business setup
• Easy access to the Airports & Seaports of UAE
• Top-class infrastructure and amenities
• Customized office space and warehouse facilities
• Audit report requirement is optional to most of the Free Zones
• many more…

8. Exceptional Networking Opportunities

UAE has enormous networking opportunities for investors to find new connections. Business owners can gain a lot of insights by interacting with likeminded people. There are a lot of networking events, resource centers, knowledge hubs, etc., in UAE to support your entrepreneurial journey.

Thus, in a nutshell, UAE is constantly evolving and immense business opportunities are arising out here across various industry sectors. Going by the robust business ecosystem and future growth prospects on setting up your business in UAE, there is no other best time to start.

Get in touch with an expert Business Consultant like Aurion and turn your dream of forming a company into a reality quickly.

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