Things That You Should Consider Before Registering Your Business in Dubai
There is no denying the fact that
UAE is considered amongst the fastest growing markets of MENA region. If you
are looking for a stable economy where you can invest your money without
worrying about political unrest, high crime rate and heavy taxes then UAE is
the best place to start your business. This is the reason why UAE is considered
one of the most popular investment heaven for foreign investors. However,
setting up a new business in UAE is definitely not an easy task. There are a
number of things that you will have to consider to be able to register your business
in UAE without any hassle. Let’s take a look into a few of them in detail:
1- Find out which Emirate is best for your business
In case you do not know this already, the UAE is the federation of 7 Emirates. Each Emirate has its own economic policy and economic department that deals with business related activities. You will have to determine which Emirate of the UAE is the right choice for your business. This is important because you will only be able to operate your business on its maximum capacity and productivity level by registering it in the best suited Emirate that promotes such businesses. Make sure that you get as much information about investment policies and regulations of each Emirate before setting up your business in UAE.
2- Find out which economic jurisdiction suits best for your business
One of the biggest reasons why UAE is one of the most popular investment heaven for foreign investors is the fact that every Emirate of UAE offers 2 different economic jurisdictions to the investors. You can either setup your business in mainland of your chosen Emirate or you can register it in a free trade zone. There are dozens of free trade zones throughout UAE. These free trade zones offer unmatched business facilities and opportunities to foreign investors. However, you will have to consider the operational needs and nature of your business before choosing the right economic jurisdiction.
3- Find out if you need to hire a business consultant
You will also have to find out if you can register your business in UAE on your own or you need to hire a professional business consultant. Make sure that you hire an experienced business consultant if you have no idea how to setup a business in UAE.