BUSINESS SET UP DUBAI
CREATIVE ZONE FREEZONE
Are you looking to keep your costs to a minimum and start a Freezone Company in the UAE?
CREATIVE ZONE OFFSHORE
We are registered RAK agents and assist with Offshore Formations efficiently and professionally!
CREATIVE ZONE DUBAI LLC
Does your business require you to have a physical presence in Dubai? Do you need an office or warehouse?
Business Set up Dubai
Over the past 3 years CREATIVE ZONE has set up just over 2,000 companies in the UAE. Through our consultative approach and clearly understanding what businesses our clients are looking to do, we have found a number of unique 'pointers' to share with you, about setting up a business in Dubai.
1. Market Gaps
With the UAE being an emerging market, everyday we see gaps that need filling. In more matured, older and heavily populated countries like the UK, India, USA, Australia etc. competition is strong. Generally speaking we have seen and believe that most new ideas have a higher percentage of success.
In most competitive markets, 1 out of 4-6 new company setups survive. What we at CREATIVE ZONE are finding is up to 3 in 4 companies are renewing their trade licenses yearly - giving a 71% success rate. Although we cannot guarantee your success, the facts speak for themselves and we believe that Dubai is a promising place and better than most, to set up your business.
2. Infrastructure Accessibility
While the vast majority of business may be conducted remotely via email or telephone, Dubai's travel and transport network and geographical location as a link between Europe and the Asia markets, makes business easy. An extensive independent MasterCard survey showed that over eight million tourists and business travelers stayed in Dubai in 2011, which in 2014 is expected to over 10million. That's more than New York, Hong Kong and Tokyo. It is clear that businesses based in Dubai are not only internationally viable but also globally accessible.
Dubai is the third largest re-export hub in the world and home to Jebel Ali port, one of the top ten busiest worldwide. Dubai World Central Airport will be the world's largest and will be fully operational in 2014, enabling future growth of 100%.
4. Events and Exhibitions
Dubai is also the Middle East's number one business tourism destination, hosting leading industry events and exhibitions to millions of trade visitors looking to source and distribute local goods and services each year. In its own right, the Meetings, Incentives, Conventions and Exhibitions (MICE) industry drives millions of dollars of revenue to the country for the service providers, hotel owners and retailers among many others.
In summary the examples of Dubai's infrastructure, location, ease of doing business and market gaps, positions it in our view as a place to start your business!
Starting a Business in Dubai
Once you have decided to setup and have your business idea, you have to now establish where, why and how to get legally licensed. Ask yourself the questions below;
Why: Is setting up a business in the UAE a correct move at the moment? What are the tax implications? Are you setting up for the purpose of acquiring UAE residence visas, to purchase a property or run a business?
Where: Analyse your business and ask yourself where would be the ideal place to setup your office, warehouse or showroom, and /or whether you actually need an office at all. Understanding this will ultimately determine your license, as each geographical location determines the license under which you operate.
How: What are the requirements to set up? Who should you talk to? How vast should your research go or does it even matter? Would your budget work? Do I want a local partner/sponsor and what are the rules?
The "how" part is the most crucial stage of your business set-up. This is where many people get frustrated with contradicting articles, rules and regulations. While some may find researching as an element in the overall feeling of fulfilment towards their first ventures, others would rather just leave this with a trusted consultant and spend more time developing the business instead.
If this is you, our consultants at CREATIVE ZONE speak to an average of 600 potential business owners on a monthly basis, mostly with little knowledge in business licensing. We have received feedbacks from hundreds of clients stating how easy and painless their set up processes was. Licensing should never be a traumatic experience and this is exactly where we can assist.
At CREATIVE ZONE, we pride ourselves for the knowledge we have gained from years of experience. Each consultant is adept at identifying the perfect solution for you. Our product solutions are smartly designed for start up businesses structured to be lucrative, progressive and most importantly – profitable!