Shakespeare was right to question – what’s in a name? In reality, a name can represent a lot about an entity. Entrepreneurs who are fresh out of the gate with their business idea frequently search for advice …
In terms of economy, it is widely agreed that Dubai is one of the most progressive cities on the planet. The Brookings Institution, a think tank located in Washington D.C., released a report that detailed the top cities in terms of leading economic growth for their respective nations — Dubai came in at 5th in 2014, a large improvement on its previous rank of 18th. This drastic improvement was largely credited to the 4.7 annual increase in employment.
As well as employment growth, the study shows that the emirate also experienced the most rapid financial growth with regards to the national economy. While the national increase in gross domestic product per capita was 1.6%, Dubai achieved an impressive 4.5% increase. These figures make it unsurprising to see how many investors are considering setting up a business or registering a company within Dubai.
To further entice offshore company registration in Dubai, several Freezones have been established to provide investor with lower costs through unique economic regulations and benefits. These economic hubs were introduced by the government to draw new investment and stimulate the economy. Setting up a Freezone company allows you to operate within one of the most rapidly growing economies in the world, and there are nearly limitless investment opportunities available with the local economy and markets experiencing massive growth.
There are a number of these hubs throughout the UAE, including:
If you would prefer to consider other ways to register a company, you may think about LLC formation as an alternative to the Freezones. While you will not save as much on costs, starting a business in Dubai this way allows much more freedom.
To find out more about how to start a business in Dubai, get in touch with the experts from Smart Zones UAE today. With services including trade license acquisition, professional PRO services and freezone business setup in the UAE, we can help you with anything you need.
