There has been a notable rise in Chinese business activity in UAE as China has opened its doors for international investment. UAE has shown a steady recovery in terms of GDP and its property market which makes it an attractive investment hub for prospective international investors. There are many driving factors for international companies considering a business setup in UAE such as.
UAE and China’s collaboration on China’s silk road project
UAE and China have signed a memorandum of understanding on silk road initiative to boot investment and trade in 2018. China has established a strong presence on Al Maktoum Airport for the transport of goods to other regions and is in talks on how to develop this initiative in the digital sphere. All these attributes make UAE a preferred location and Dubai being the commercial capital of UAE witnessed the most company formations.
China and UAE’s corporation on Belt and Road initiative
The Belt and Road initiative is a long-term transcontinental investment initiative aimed at infrastructure development and acceleration of economic integration. UAE and China are jointly promoting that the initiative is in line with UAE interest in creating opportunities for Chinese investors. UAE plays a pivotal role in extending China’s cooperation with the Gulf and the Middle East as well.
Trade and diplomatic relationships between China and the UAE
China is one of the leading trade partners in terms of non-oil commodities for UAE. China’s trade relations with Dubai and various emirates in the UAE continue to grow significantly each year.
Rising investment in the UAE real estate sector by Chinese nationals
With the expensive real estate prices in china, the UAE real estate market is more affordable and convenient. Moreover, the perks of taxation, freehold ownership, high rental yields and affordable and tax-free investment makes real estate a great option.
UAE Visa benefits for Chinese visitors
The number of chines has increased in the previous year. China was the country’s fourth-biggest market for tourists, welcoming overnight visitors from China. Chinese people can now get a 30-day visit visa on arrival, free of charge and renewal.
The easy company formation process
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For Chinese or foreign investors/companies setting up in the UAE, there are different legal and regulatory requirements that apply. It depends upon the, and the business activities to be carried out but, it is easy to conduct business in the UAE by way of setting up any of the following entities:
- Limited liability companies
- Joint-stock companies
- Branches of foreign companies
- Representative offices, and
- Hybrid establishments, and
- Companies in the free zones.
While the main requirements for setting up a company in the UAE are mentioned in Commercial Companies Law, the formalities to be undertaken, and the relevant government departments involved vary between each Emirate.
If you want to start your own venture in the UAE, then prep up your business idea and get in touch with a business setup consultant in UAE, who has guided thousands of business owners for successful company formation in this region. Our teams have international business acumen and Middle Eastern exposure, which can help you in complex business setup procedures. If you are would like to start a business in Dubai or anywhere in the UAE simply book an appointment with our experts.