A\nhealthy economy, excellent infrastructure facility, attractive and reasonable\nfinance options and a very supportive government all make UAE one of the best\nplaces in the world to start a business.<\/p>\n\n\n\n
But the\nmost tempting of all these is an excellent mix of potential clients right at\nyour doorstep.<\/p>\n\n\n\n
Let us\nhave a look at the reasons behind the strong pool of potential clients in UAE\nthat attract entrepreneurs to this region.<\/p>\n\n\n\n
Most of\nthis client base work in multi-national companies with global reach. This\nprovides the entrepreneurs the opportunity to expand their business quickly and\neven branch out internationally.<\/p>\n\n\n\n
The\nWorld Economic Forum has pointed out a few startups to shape the fourth\nIndustrial revolution. Out of the 100 startups pinpointed out, 27 are from the\nUAE.<\/p>\n\n\n\n
For industries in tourism, re-export, and financial sector, Dubai has a rich client base. The\u00a0Dubai freezone\u00a0attract clients in the manufacturing and service industries.<\/p>\n\n\n\n
Ras Al-Khaimah Economic Zone or\u00a0RAK free zone\u00a0has manufacturing facilities in sectors like metals, minerals, transport and logistics, plastic and rubber, electrical equipment and chemicals and food.<\/p>\n\n\n\n
Similarly, Fujairah has a virtual free zone that helps small companies and individuals to open a new business from home or office in less than an hour. This facility is provided to knowledge-based industries like media, marketing, advertising and consulting. The\u00a0Fujairah Creative City\u00a0also provides all assistance in setting up a business.<\/p>\n\n\n\n
Thus,\noffering diverse market in various industries provides a lot of benefits to\nstartups and entrepreneurs who wish to locate themselves in the UAE.<\/p>\n\n\n\n
This\nmakes UAE the right choice for those companies who want to target high net\nworth individuals.<\/p>\n\n\n\n
If your\nstartup is agile, you can take advantage of such opportunities when compared to\ncompetitors who are less adaptable and focused on long-term strategy.<\/p>\n\n\n\n
Set up a company in UAE, and reach those potential clients<\/strong><\/p>\n\n\n\n Business set up in Dubai\u00a0and rest of the Emirates is remarkably easy. Here are a few options you can explore.<\/p>\n\n\n\n Decide on the Free zone<\/strong><\/p>\n\n\n\n First,\nyou need to understand the basics of setting up a startup in the Emirates and\nthen decide on the right free zone for you.<\/p>\n\n\n\n A free\nzone or a free economic zone is a particular geographical area of a country in\nwhich the rules and regulations of business, taxes, and employment as applicable\nin the rest of the country do not apply.<\/p>\n\n\n\n Thus, for example in\u00a0DMCC free zone\u00a0(Dubai Multi Commodities Centre) which is a free zone commodities marketplace the businesses have various advantages like no corporate and personal tax for 50 years, and complete foreign ownership. In addition to this, company formation in Dubai Multi Commodities center is very simple, and the Government also provide all assistance for company setup. DMCC is voted as the Global Free Trade Zone of the Year by the Financial Times, and it attracts businesses like steel and metal base, precious commodities, energy and soft agricultural commodities<\/p>\n\n\n\n What should you do to set up a startup?<\/strong><\/p>\n\n\n\n Though\nsetting up a business in any of the free zones is relatively easy there are\ncertain formalities involved. First, you need to decide on the type of\nlegal entity and create a trade name. Once this is done, you should apply for a\nbusiness license. Once you get pre-approvals, you should register your business\nand then obtain a formal license.<\/p>\n\n\n\n There are certain other administrative formalities also that you need to follow to start a business in the UAE. This includes preparing legal documents, opening a\u00a0bank account in Dubai\u00a0and getting the visa processed. Seeking advice from business consultants in Dubai will ensure that the entire process goes smoothly and your company can start its business in UAE without any glitches<\/p>\n\n\n\n Those\nentrepreneurs who are planning to start a business in UAE need not have to\nworry about the clients as the country has a rich and extensive client base.\nThe only thing to keep in mind is that the company set up should be done\nproperly to take advantage of opportunities from the start.<\/p>\n\n\n\n While\nregistering a company; whether in the mainland or as a freezone company in\nDubai it is highly essential that you take expert guidance in setting up the\nbusiness. This helps in equipping you with the right tools that are needed\nduring company formation.<\/p>\n","protected":false},"excerpt":{"rendered":" A healthy economy, excellent infrastructure facility, attractive and reasonable finance options and a very supportive government all make UAE one of the best places in the world to start a business. But the most tempting of all these is an excellent mix of potential clients right at your doorstep. Let us have a look at the reasons behind the strong pool of potential clients in UAE that attract entrepreneurs to this region. Rich and ready to invest client base: Whatever the market you want to invest in; whether it is real estate, retail, hospitality, engineering or oil and gas; there is […]<\/p>\n