As one of the business hubs in the world, the United Arab Emirates (UAE) always finds ways to ensure that the economy continues to soar, businesses grow incessantly, and even residents get the opportunities they need.
Needless to say, business setup in UAE is a sought-after venture that many investors dive into. There are a lot of benefits that the country presents and many are taking advantage of it.
What Investors Need to Know About the New Updates
It has been recently announced that free zone companies in Abu Dhabi are going to enjoy an opportunity to have a dual license. This means that they can both operate in their free zone area that they are located in and around the mainland as well. This also means that they can participate in pitching in their proposals for any job bidding from the government.
Economic experts see this move as something that can push forward the UAE’s economy even more. With this kind of opportunity to be allowed to operate in both places (free zone and mainland) without any other documentation needed, more investors are going to be more encouraged to choose the UAE.
10,000 Jobs are Being Opened to Emiratis
A huge number of jobs are going to be opened solely for the Emiratis both in the public and private sectors. This is expected to happen in the next five years.
His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, himself ordered this to be successfully done.
This is expected to empower the citizens of the UAE and make them more competitive. This is in line with the government’s UAE National Agenda 2021.
Tourism is Boosted with an Initiative Support
The UAE government has never failed in backing up their plans with the initiative. Just like in the tourism aspect of the country, the Abu Dhabi’s government is looking forward to developing parts of their tourism to ensure that the eyes of visitors and investors will be caught and choose the country for their next venture, like the business set up in UAE.
Just like the above-mentioned 10,000 jobs, it was His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, who has ordered for the development of the tourism in the UAE. Programs to ensure that this will successfully happen as we go forward have already been prepared.
This is expected to attract a lot of investors in choosing tourism as the sector to invest in. Because of the promising growth that this industry has, there are numerous opportunities that are expected to come out of this.
Small Businesses are Now Permitted to Work from Home
It is indeed high time for investors to think of having a business setup in Abu Dhabi, UAE as this can be one of the advantages that they can take out of choosing the UAE.
Recently, it has been announced that the Emirate of Abu Dhabi will allow investors to have a registered business and license without the need of having an office for two years. Within this two years, investors can operate in the country as they build up their businesses. This move is a smart one as there will be a sure surge of investors that will dive into having a venture in the country.
This will have a positive effect on the economy of the UAE all in all. As this is part of His Highness Shaikh Mohammad Bin Zayed Al Nahyan’s, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, plans on ensuring that there is ease in doing business in Abu Dhabi, initiatives, and programs to make sure that this happens is prepared.
The UAE is indeed a good place to start a business. When you decide to do this, it is advisable for you to have good business setup consultants in UAE to guide you through the procedures that are needed to be followed.
FAR Consultants is one of the business setup consultants in UAE who has been operating for more than 30 years. We can handle whatever issues and concerns that you have in diving into a venture in the UAE. We have the right and best solutions for you for every dilemma that you have.
We will surround you with our team that is comprised of knowledgeable and experienced individuals to meet your needs. We can also give you the information that you need whenever and wherever you need it.
You can contact us today and book a free consultation with one of our business setup consultants in UAE.