If you are analyzing ways to start a business in the UAE, the first hard-stop ironically is the number of options available. There are more than 25 jurisdictions and 2000 plus licenses to choose from in the UAE. How do you evaluate all these possibilities and arrive at a concrete conclusion that a particular option is the best-fit for you? And if at all you do that, how much time and energy have you expended for that? And more importantly, what if your conclusion is wrong? That is precisely why you need someone who knows even the minute details of not just the mathematics of jurisdictions and licenses, but the features, advantages and benefits of each jurisdiction and license over another, along with the most suitable one for your particular business. As the UAE levies no tax on company, income or wealth, the sole source of revenues come from company registration fees, and such other services including fees for services including visas. This is precisely why the fees for company registration and renewal in the UAE are on the higher side.
To give you some background on starting a business in the UAE, the UAE has seven Emirates (states) and each Emirate (state) has its own licensing policy, licensing categories and fees structure. There are almost 30 free zones in the UAE that specialize in a particular industry or activity. You can start a company in one of their free zones or mainland but the licensing and operating structures vary significantly.
Given the complexity, the potential of umpteen opportunities should not be overseen. So, rather than being fed up with all the options available, a wise choice will revolutionize and accelerate the growth of your business.
But it is utmost important to know as to what type of license, which geographic location etc…will be the best for your business. A bad or ill-informed decision can make you force a closure of your business and start a new one. Given the cost of closing down a business too exorbitant, wouldn’t it be better if you could find a trustworthy partner who can guide you through the registration and renewal processes, give you advice on the best choices for your particular and unique business?
Our Advisory services help you with:
- Choosing the right zone
- The right license
- Payment Processes
- Preparation of application and Memorandum and Articles of Association
- Submission of documents to the jurisdiction
- Finding a trustworthy Service Agent/Local Sponsor
- Bank account opening
With BizVest, you can stay in your own homeland and avoid the long queues to get information on various services and travel from one jurisdiction and Emirate (state) to another, gathering information.
Even after your business is established, we will be there with you giving you valuable advice on every aspect of undertaking business in the UAE.
PS: we do not overwhelm you with calls and emails. We have solid communication management mechanisms in place to ensure that none of our clients receive a cold call out of the blue.