KPI will be pleased to help you in your business setup in UAE. KPI team with decades of experience in the process of Company formation in UAE will help you and provide you turn key, hassle free solutions. Right from assessing your requirements to getting your business started we will be there for you, we will be there with you during the entire process. That means, we do all that takes to start your dream venture.
The United Arab Emirates (UAE) is a destination of choice for Business – from SMEs to large corporates, for budding entrepreneurs to dreaming startups. It is known for its business friendly environment and a rapidly growing economy which attracts businesses from around the world. Although UAE is the world’s eighth largest oil producer, diversification is the key Government policy which is aimed at achieving sustainable growth.
The UAE’s two largest economies, Abu Dhabi and Dubai are leading the drive towards diversification. This far-seeing policy of economic diversification has increased the contribution of non oil sectors in the GDP of the country. The real GDP of the country expanded by 2.6% in the year 2016, mainly driven by a real growth of 2.7% of the non oil sector. (Central Bank of UAE. Annual Report 2016.)
The UAE stands at the forefront for political and security stability in the region. It’s business climate is considered as one of the most favorable in the area with well defined and sound legal framework for businesses.
UAE is a major international center for business activity with a dynamic and rapidly growing economy. The UAE economy continues to grow despite regional and global challenges. It has successfully diversified from oil increasing the contribution of non-oil sectors in the economy.
Highlights of economic performance of UAE in 2015
UAE invests heavily in telecommunications, energy and industrial infrastructure, enabling it to have one of the best infrastructure facilities in the world. World class amenities are available in terms of office spaces, business parks, warehousing, utilities and transportation for foreign investors looking to set up in UAE.
UAE is currently home to 45 free zones catering to the needs of various business categories. These specialised free zones are scattered over the seven emirates and offers various incentives for foreign companies to establish their presence in UAE. Some of the free zone benefits include:
UAE’s liberal labor policies make it easy and cost effective to recruit employees from almost any part of the world. Abundance of skilled and unskilled labor makes it easier for new companies to find the required manpower for their business operations.
Department of Economic Development (DED) is the authority responsible for driving UAE’s economic agenda while improving the business environment of the country. It develops economic plans and policies, identify and support strategic sectors and also provide administration services to local and international investors.
UAE’s heavy investment in real estate facilities such as hotels, residential and commercial properties, recreational and leisure facilities have made it one of the world’s most preferred expatriate locations. The country offers high quality of life and superior living conditions to its residence making it one of the most vibrant global destinations.
UAE is very strategically located between the three continents Europe, Asia and Africa. It offers easy access to the GCC and the entire Middle East market. This helps to organize effectively an international trade flow with minimal costs. Modern sea and air transport companies, ports and airports in UAE are connected with all the international transport hubs providing the possibility to deliver goods from and into any part of the world.
The extraordinary vision of the country’s leaders established UAE as one of the world’s most successful countries for international trade.
UAE has an open and free economic system which attracts many investors and business into the country. Government control and regulation of the private sector activities is kept to a minimum with no direct taxes on corporate profits or personal income. Liberal visa policies in UAE permit private sector businesses to recruit expatriate workers from almost all over the world.
There are several options available to set up your business in the UAE. You can chose from the following options