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The PowerPoint gives you an idea about starting a new business in the UAE mainland or in freezone.
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Types of areas for business • Mainland – In mainland of UAE you need a local sponsor to undergo the registration formalities. Some laws are different for local people. • Freezone - As it name indicates it is free from some rules and regulations. Here the company ownership is for the foreign owner only.
Things to be noted • While looking for a business setup in UAE you should see a business consultant for the clarification of the formalities. • Once you decided to start the business you should consult the local authority. They will tell the documents needed to complete the procedures.
If you are starting in the freezonesyou should consult the respective freezone authority for the further proceedings. • Rules and regulations are different in each emirate.
Conclusion • The government of UAE is encouraging investors for the rapid growth of their industry • The country becomes more attractive because of the tax free system. • It is a must to go and see a business consultant in UAE before going directly to the proceedings.