The United Arab Emirates has been a longstanding business hub for budding entrepreneurs and established businessmen all across the globe, and the recent guidelines further enhanced its appeal. Moreover, these new regulations have also introduced additional requirements for businessmen and companies who set their businesses in UAE.
The UAE has actively encouraged innovation and entrepreneurship. Initiatives such as the Dubai Future Accelerators and Dubai Startup Hub support startups, attract talent and facilitate collaboration between entrepreneurs, investors and government entities.
Businesses can be set up through mainland companies, free zones and offshore entities each with particular advantages. Comprehending the legal structure, understanding the market, adhering to regulations
Freezones have played a vital role in driving business growth in UAE offering significant advantages to the industry which includes offering 100% foreign ownership, tax exemptions, and streamlines processes, making them an attractive choice for entrepreneurs and investors. These zones offer state-of-the-art infrastructure, access to global markets and proximity to major transportation hubs, facilitating seamless operations and international trade.
The introduction of e-platforms and digital services has simplified administrative tasks, making it easier for businesses to operate.
Now, you need to be aware of the business laws passed which places an important role in smooth and fair conduct of a business. You are obliged to several laws that you need to be responsible for which are:
- Effective corporate governance
- Protect labor rights, consumer protection and intellectual property protection
- Health, Safety and Environmental protection
- Freezone governance and compliance
This is just an overview of the regulations one need to adhere to, to start a business enterprise in UAE.
Contact us at AB Capital to set up your business or get advices on everything business related now!