Each company of the country has its own requirements and procedures for company registration. However, common compulsory condition for each emirate is presence of the local partner – citizen of UAE, who acts as shareholder or service agent. This rule does not apply or company registration in the Free Zone. In both cases before start the business in UAE it is necessary to get license.
Among the seven emirates, Dubai has been the most popular incubator for businesses.
SME’s, otherwise known as Small and Medium Business set up is one of the most challenging option of company formation in Dubai. Strategies focusing on expertise-based business models and innovative global enterprises are the topmost priority agenda of Dubai. The growth of SME’s in Dubai serve as a pounding strength to these goals. To further expand the developing SME’s, the Economic Department of Dubai under the agency Dubai SME is encouraged to broaden all the sectors relating to it.
Most inventors would likely to ask, why Dubai? Here are the notable reasons why people should start setting up business in Dubai;
SME Agencies are backed by DED. The Department of Economic Development in Dubai guarantees Dubai SME agency by directing, developing and shaping small and medium sized business formations. To be able to contribute in uplifting Dubai’s economy, the agency comes up with new interventions encouraging the SME Sectors to come up with productive and constructive outcomes. Additionally, with the assistance of Dubai SME Agencies, the sectors are fortified and mended by laws, able to determine and promote potentials for the betterment of the organizations.
Pro Business Government. Foreign investors has always been welcomed by the Dubai Government.Having transparent laws and business protocols, Dubai is said to have a pro-active and pro business government.
Economic Diversity. With limitless innovations and knowledge-based business, Dubai is bound to have countless diversity of SME. Through this, and environment has been created for innovators, visionaries and entrepreneurs to join the business mainstream.
Better Sustainability. A sustainable and progressive system has allowed SME to become an easier company formation to establish due to minimal financial risks. Moreover, the security that stimulates the sustainability of SME ventures has been stabilized by the government intrusion and widespread private sector partnerships.
Expo 2020. Recently, Dubai has won the honor to host the Exponential 2020. This upcoming expo 2020 will open various business opportunities for SME to seek new visions, ideas and innovating procedures that allows a promising projects and investment arrangement from the government.
We welcome your enquiries and concerns. Our friendly business consultants look forward to assist you.