UAE is one of the fastest emerging markets in Middle East, which is growing with every passing day as a result of its investment friendly policies. This makes UAE an ideal place for investors to start or expand their business in such a warm and welcoming market. Fact of the matter is that UAE government actively keeps updating their regulations and policies to promote and encourage foreign investment in the country. Result of these policies reflects in terms of multiple options that are available in UAE to encourage new startups.
As an entrepreneur UAE will not only allow you to select from a variety of options available in terms of legal status of your business but will also provide you with the facility to avail many extra relaxations through a number of free trade and economic zones throughout UAE to cater to your specific needs and requirements.
For instance, if you are considering setting up your company, you will be allowed to avail any legal status that suits best for your business either it be sole proprietorship, partnership firm, a private or public limited company. If this is not what you are looking for, Dubai will serve you with a number of free zones that are specially constituted to provide maximum benefits for new startups. These free trade and economic zones not only provides easiest business setup options but also provide a number of tax and trade relaxations to help grow businesses. Having said that, it is highly recommended for you to consider the nature of your business before jumping to a decision as to whether you should start your business through the Dubai economic department or you should choose one of its free zones. For some businesses, free zones will act as economic heavens, but for others, the Dubai economic department will be the best option for maximum productivity.
You should also consider the fact that if you should start your business in Dubai or it will be best for you to choose one of the other 6 Emirates of UAE. The good news is that there are a number of free zones throughout UAE that are coming up with investment friendly regulations and flexible startup packages to attract foreign investment in UAE. For instance, RAK free zone and other free zones are encouraging new business setup in Ajman and Ras al Khaimah, with minimal regulations and restrictions for startups.
Setting up a business in UAE
