Interested in taking advantage of a great, 100% foreign-owned company startup opportunity? The UAE is one of the most attractive options around when it comes to foreign business setup. There are lots of reasons why business leaders from around the world choose to invest here. For starters, foreign businesses can operate in the UAE tax-free! In addition, the UAE offers world-class infrastructure, global connectivity, and a flourishing economy.
And here’s one more reason why the UAE is the best place for an outside investor to launch a business – foreign business entrepreneurs can enjoy 100% company ownership, without any need to have to share proceeds with a local sponsor!
Dubai has emerged as the central business hub for the country’s increasing GDP, and more and more businesses from all over are choosing to establish a presence in Dubai. The UAE is ranked among the top 10 nations in the world for ease of doing business, and is known for serving every size and scope of business, from small startups to large multinational companies. And there’s no better time to establish a business in the UAE market than right now, thanks to the positive impacts of Expo 2020 being hosted in Dubai through March of 2022. Some 25 million visitors from around the world are expected at this World Expo, and the impacts will continue to help boost the UAE economy for months and years to come.
Like to learn more about 100% company ownership in the UAE? You’ve landed on the right page. MSZ Corporate Services knows what it takes to start and operate a business in Dubai, or anywhere else in the UAE. We can guide you through the entire process, and can ensure that everything goes as smoothly and painlessly as possible!
The New Initiative
By authorizing many enterprise sectors that qualify for 100% foreign possession, Sheikh Mohammed bin Al Rashid – the ruler of the UAE – has taken a bold step. Consideration is given to businesses across the spectrum, including some 122 financial activities across 13 areas. These sectors consist of everything from renewable power, to space technologies, to agriculture, to shipping, logistics, and storage, to food and hospitality, to information technologies, and more.
Advantages of Establishing a Business in the UAE
1. Strategic Location
The entire Dubai region has been divided into separate zones dedicated to various commercial platforms. Some of the available business designations include Mainland, Free Zone, and Offshore. According to your needs and preferences, you can choose the business vehicle and venue which works best for your enterprise.
2. Easily Available Office Space
One thing you won’t have to worry about starting your company in Dubai is struggling to find available office space. Dubai has worked to be proactive in addressing this need, and there are many personalized office solutions which exist to fit practically any business situation.
3. Great Conference Facilities for Events and Collaborations
For conferences, exhibitions, and meetings, there’s no better business center in the world than. And the presence of Expo 2020 has only served to further boost Dubai’s hosting capabilities!
4. Straightforward Business License Approval Process
If you intend to conduct business in the UAE on an ongoing basis, you’ll eventually come to the point where you’ll need to apply for a business license. Business licenses are granted through the Department of Economic Development (DED), and aren’t typically hard to obtain as long as you have all the proper required documentation in order.
5. Robust Network for Travel and Connectivity
If ease of connectivity is important to you, you’re sure to appreciate the robust network of modern infrastructure offered by Dubai. Travel by air, water, and roads are all easily accessible and convenient, making it even easier to simplify business operations.
6. Where People Want to Be
Field of Dreams made the phrase “if you build it, they will come” popular. Dubai has worked hard to turn itself into a true destination; they’ve built it, and the people have come! The current population of Dubai includes a blend of nationals from around the world. If you’re interested in founding or growing an international business, there’s no better location to establish a presence than in Dubai. Here, you can target a wide range of people and business audiences with great success!
7. Unlimited Possibilities for Expansion
Got some specific business expansion goals? Setting up your company in Dubai makes good sense. Once you establish yourself in the local Dubai and extended UAE market, it’s an easy next step to gain a foothold in neighboring markets like Oman, Bahrain, Saudi, etc.
8. A Multinational Talent Base and Recruiting Network
No organization can operate on an island. To make your business excel in the market, you need to be able to recruit the right individuals for the right roles. In short, it takes teamwork to make the dream work. Dubai offers the ability to attract qualified professionals from every corner of the globe.
9. Easy Process for Obtaining Visas
Once you find the right candidates, you’ll need to be able to provide them with the proper employment visas. And unless you’re already a citizen of the UAE, you’ll need your own investor visa, too. Thankfully, the UAE government has taken various measures to speed up this process for interested investors. His Highness, Sheikh Khalifa bin Zayed Al Nahyan, sanctioned the long-anticipated and far-reaching Foreign Direct Investment (FDI) rule, which is already having game-changing effects on the country’s investment landscape.
Looking to establish a UAE Mainland business? Want to set up shop in one of the many available Free Zones? There are some very specific benefits with each approach. Even so, the process can be confusing for a novice. Choosing to partner with a local expert can serve to smooth out the entire experience considerably. At MSZ Consultancy, we’re world-class business arrangement specialists who help visionaries like yourself to get your business started in Dubai. We’re experts of our trade, and we’re here to help!
Frequently Asked Questions
1. Can you own 100% of a company in Dubai?
Yes, foreign nationals can now have 100% ownership of their business in Dubai for many trading activities and most manufacturing activities.
2. Can a foreigner own a company in UAE?
Yes, a foreigner can start a business in Dubai, and many do! Dubai actively welcomes investors and business owners from overseas. The emirate is home to many company formation experts and setup agents like MSZ Consultancy, which exist to help guide foreign entrepreneurs through the license, visa, and business incorporation processes.
3. Can a free zone company do business in Dubai?
Free zone jurisdictions do not permit companies registered under free zone authorities to do business in the Dubai Mainland itself. However, free zone companies can conduct business in Dubai Mainland through a civil company, limited liability company, or by establishing a branch office.
4. What are some of the best business options in the UAE?
Some of the areas where demand is high, and business is flourishing in the UAE include the construction sector, E-commerce solutions, travel and tourism, real estate agencies, the healthcare sector, handyman businesses, beauty salons, and business consultancies.
5. Can an employee own a business in UAE?
According to the UAE labor laws, an employed person can start their own business while working full-time by obtaining a No Objection certificate from the company where they currently work. However, it is at the employer’s discretion whether or not to accept the NOC application made by its employee.