November 2, 2020
Ever since the UAE and Israel signed on September 15th, 2020 the new normalization agreement re-establishing diplomatic and economic relations between the two countries, a wave of interest and hope of new business horizons have emerged in the region.
The agreement initiates new trade flows, business ideas, and movement of goods and services between the two nations. With it, many entrepreneurs and startups will be setting up new businesses in each other’s economic cities with an interest to leverage the new market opportunities, that up until three months ago was non-existent.
Creative Zone, one of the largest business setup companies in Dubai, having advised over 44,000 business owners in 10 years, has this week helped establish Newme LLC (www.newme.ae), one of the first Israeli owned companies to be fully operational in the UAE.
“We are excited about this new step for us as a company and the opportunity that this represents. There is immense opportunity between what is to come from this new agreement between Israel and the UAE. We look to play our part in bridging the two nations’ business communities” said Ido Ben Shahar, Managing Partner, Newme.
“With the political and economic borders open, it allows for free movement of goods, services and investments as well as immense potential for tourism exchange between Israel and the UAE” added Adib Zaher, Co-Founder, Newme.
It is estimated that a total of 1.25 million tourists will flow between the two nations. The UAE will attract Israeli tourists for its modern infrastructure, world-class hotels, and Dubai’s global appeal while tourists from the UAE will visit Israel for religious tourism as well as business trips.
“It was an absolute pleasure to have assisted Newme LLC, setup their operations in the UAE, as their business setup advisory firm. We are privileged to lead the way forward in supporting Israeli investors setup in the UAE, and we look forward to assisting many more corporations looking to take part of the UAE’s economic landscape. We truly believe that the UAE is one of the best places to setup a new business considering the many benefits and flexibilities it offers foreign investors” concluded Lorenzo Jooris, CEO of Creative Zone.
About Creative Zone:
Creative Zone is Dubai’s largest and most trusted business setup advisory firm having helped over 44,000 entrepreneurs during their 10-year lifespan. Creative Zone’s registration professionals have helped thousands of SMEs grow their businesses in the UAE since its launch by Mahesh Dalamal and Steve Mayne in 2010. The company was created with a simple yet revolutionary model for the UAE marketplace; to serve as a one-stop-shop, with flexible payment plans, for easy company incorporation. Creative Zone has now evolved to provide added business support services to create an ecosystem that helps entrepreneurs and SMEs to set up, sustain, and grow their businesses and contribute to the UAE’s position as the global location of choice for company setup.
If you are looking to further develop business interests with Israel or would like to know more information about setting up your company in the UAE please contact Creative Zone on [email protected] or +971 4 567 7333.