Why It Is The Right Time For Setting Up A Business In Dubai?
Now that the city of Dubai is getting back to normal from the wake of the pandemic, this is the right time for business formation in UAE. Adhering to the strict COVID protocols and regulations, the UAE government is initiating all the foundation steps to help start-ups and organizations to set up business in Dubai. Thanks to the well-systematic and structured health system of Dubai that the pandemic is controlled and that there is an ample supply of vaccines. So if you are looking to fulfill your dream project of business formation in Dubai, then here’s why you need to set up now:
1. The Government has launched business setup initiatives
To bring the growth and business of Dubai to its pre-pandemic state, the Dubai government along with the help of the Central Bank of UAE has collectively launched a host of initiatives, ranging from lease/rent waivers to loan deferrals; to build a sustainable business ecosystem in the region. Moreover, the Government has also made major revisions in terms of residence visa norms, commercial company laws, etc.
Considering the financial loss due to COVID-pandemic, the UAE government has come up with business-friendly measures such as freezing government fees, lease adjustment for 3 years, moratorium on loan payments, zero interest rate loans to banks, water and electricity subsidies, and many more; to attract entrepreneurs from all over the world.
2. Attractive packages from Dubai Free Zones
Dubai Free Zones play a crucial role in helping entrepreneurs set up their businesses in low-cost business packages. Whether you need a general trading license or that you need a corporate license for global business development, the Dubai Free Zone offers everything to its investors as per the specific requirement. Whether you need to set up a business in Dubai mainland (which is costly) or in Dubai Free Zone, a business consultant in UAE can help you to set up a business without much formalities and paper works.
3. Other business opportunities for startups
For startups, the government has come up with so many options such as Flexi-Desk and shared workspace at Dubai Free Zones, enabling you to grow your business in Dubai. Even a freelancer can make use of these options. These affordable business setup packages are the perfect way to kick start your business dream in UAE at minimal setup cost.
A business setup in Dubai requires expert advice and assistance from professional sources to ease your business formation process. That being said, Global Links is one of the top business set up consultants in Dubai that helps startup entrepreneurs and high-level business entrepreneurs to start their business projects in UAE.