While local businesses are given enough room to experiment, offshore business organizations have to be very careful about adapting to the legal system of the country. Since the last couple of decades, legal implications are narrower and more difficult. For Mainland companies, the major chunk of the business must be owned by a UAE national i.e. 51%. There are a lot of incidents where the severe laws of the country have made certain business setups extremely tedious and horrific. Due to the local preferring legal system, inexperienced businesses do not get a chance to survive the competition. Therefore, proper consultation is of utmost necessity.
For the past 40 years, UAE has to be an open economy and continues to attract strong capital flows across the regions. According to The Gulf Cooperation Council (GCC), UAE is considered to be one of the major countries open for businesses. The Seven emirates are currently being explored as potential business locations although Dubai is known to be the most reputable location for business. Abu-Dhabi being the capital land is developing and known globally as a strategic place to cater business due to its reserves and large zones of land.
United Arab Emirate allows various types of business to operate and have accessible world class infrastructures. UAE is an ideal place for small and large scale business even foreign investment
Sultan Al Ali Group will assist you to identify these various options and guide you to which are suitable for your desired business.
Points to Consider for Business Set-Up
- Nature of business
- Expansion plans
- Capital to invest
- Need for an investor/shareholders
- Implication of Taxes
- Liability and risks
- Audits and completion of requirements as a compliant locally
- Affiliation with different people and companies . Just to mention a few.
We welcome your enquiries and concerns. Our friendly business consultants look forward to assist you.