Dubai Expo 2020 is just 3 years away and companies across the world are rushing towards Dubai to reap the benefits of this global event. There has been a record result in the number of licenses issued and renewed in 2017 in Dubai alone. This emphasizes the rapid growth and competitiveness of the Business terrain in Dubai and UAE. With Expo 2020, contracts worth AED 5 billion will be allotted to local and international Small and Medium Enterprises. Apart from this, more than 70 million visitors are expected to come to Dubai leading up to the event as per government sources and business can benefit hugely from this already fertile and ever-growing market. A senior business consultant who works for one of the ‘big four’ consulting firms categorically stated that “this is the right time for new businesses to set up their companies in Dubai and you can get just enough time to understand and analyze the market and launch yourself into this ocean of opportunities.”
For many years, global businesses have had a misplaced notion that starting a business in Dubai is costly and time-consuming. But the Dubai Department of Economic Development (DED), has come up with some truly robust processes to assure that this is a myth and have dispelled this dated notion with issuing licenses to set up business in Dubai in as little as one day. Mr. Midhun Vikraman, CEO of BizVest, a Business Consulting company that helps clients with Company Formation, Business Incorporation, and Business Advisory services in the UAE said that SMEs and entrepreneurs are seeking help from traditional company registration service providers to set their businesses in the UAE. These traditional companies are not aware of the recent developments in company formation and licensing procedures across Free Zones, Mainland and Offshore, nor are they equipped to take advantage of the latest digital services offered by the various UAE jurisdictions. For example, the Business Registration and Licensing (BRL) of DED has launched e-services that among many things offer ‘instant license’ where a client can get a commercial license in as little as 5 minutes, that too without a legal contract or trade name or rent contract. So it is highly important that SMEs should approach and engage with the right business incorporation partner to set up their company in the UAE.
BizVest can provide you specific advice on the perfect business set up, what type of company you need to register in Dubai, based on the type of business you undertake. BizVest also provides professional insights on the specific benefits of setting up a company in Free Zone, Mainland or Offshore and the type of licensing that best fits a particular business. As a special package, BizVestis now offering FREE “Pick n’ Choose’ services ranging from Website development, Social Media Marketing, Search Engine Optimization and Brand Identity for new licensees. BizVestcan surprise prospective clients with incredibly low waiting time and exceptional quality of services…all for the least amount of money. With BizVest, starting a business in Dubai is now cheap, quick and easy.
For comprehensive information on starting a business in the UAE, Bizvest has a dedicated Resources page that guides its users step by step on all the updates, process and benefits. The Resources pages are carefully designed to guide users through Company Formation, Freezone, Offshore, Expo 2020 and much more.
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