The onslaught of the Covid-19 pandemic has put businesses across the world in a fix. Aspiring entrepreneurs used to ask ’when is the best time to set up a business in the UAE given the gravity of the pandemic. However, the landscape of business setup in the UAE stayed resilient amidst the pandemic thanks to the robust health and economic infrastructure in the country. The government’s timely intervention proved that ’now is the best time to set up a business in the UAE’.
For instance, consider the recent incentives and offers announced by the free zone and mainland licensing authorities in the UAE. The cost of setting up a business in the UAE has been reduced in certain mainland jurisdictions like Abu Dhabi. Similarly, free zones are announcing new promotions every other day. Here is a look at the major offers announced by free zones and mainland authorities that make the process of company formation in the UAE more conducive for foreign investors. Read ahead.
Offers in Abu Dhabi Mainland
The Abu Dhabi Department of Economic Development (ADDED) has reduced the fees for economic activities in the emirate to AED 1,000. The reduction includes the formation of commercial companies and the documentation of incorporation contracts. The few reductions also cover major expenses related to company formation in Abu Dhabi such as the fee paid to service providers, the waste producers’ tariff paid to the Abu Dhabi Waste Management Centre – Tadweer, the activity fees, and the fees paid to the Abu Dhabi Civil Defence Authority (ADCDA) for Certificate of Conformity as well as the membership fees of Abu Dhabi Chamber.
Incentives by Dubai Mainland
The Department of Economic Development (DED) recently announced a flexible offer that would ease the struggles associated with the prices of business setup in Dubai Mainland. In a significant move, the DED said it will reduce the official fees related to issuing and renewing licenses of business centres, and issuance of licenses for providing government services. You can obtain a DED license easily with the help of business setup consultants in Dubai.
Business Package by Masdar City Free Zone
Masdar City Free Zone, a top free zone in Abu Dhabi, has intensified its campaign to attract investors by announcing a couple of cost-effective business setup packages. The first package called Package A comes at an unbelievable cost of AED 1,000 for a trade license. The package comes with two activities and no visas.
The free zone has also introduced a cost-effective business setup package for women entrepreneurs. The license fee for the package is only AED 6,000 with one visa and four activities. The free zone also offers Package B which comes with four activities and one visa at a license cost of AED 7,000. The election of packages will be easier if you consult with business setup consultants in the UAE.
RAKEZ offers Special Package for Indian Investors
Ras Al Khaimah Economic Zone (RAKEZ) has recently introduced a business setup package targeting Indian investors. The package focuses on Indians residing in India who seeks to set up a business in the UAE. The package titled Namaste UAE starts from AED 10,000 with one free investor visa valid for three years including medical Emirates ID. The package is available on commercial, media and e-commerce license types issued by RAKEZ free zone.
Apart from the new package, the free zone has been actively running a cost-effective package designed for women entrepreneurs starting from AED 6,200. Another on-demand package by RAKEZ is its Gaming License Package which starts from AED 7,725. Business Consultants in the UAE can help you select the right packages that perfectly fit your business.
Business setup Package in Sharjah Media City
Sharjah Media City (SHAMS) free zone offers one of the most cost-effective business licenses in the UAE. The license comes for AED 5750, which is a zero visa package. However, the free zone offers a 30% discount on the package with the ability sect from 120 business activities. The package covers license types such as media, e-commerce and freelancer permit.
Business Setup Package by Sharjah Publishing City
Apart from SHAMS, Sharjah Publishing City (SPC) free zone also offers a business trip package for AED 5,750. The package doesn’t include any visas but gives you access to its state-of-the composition co-working spaces. Company formation specialists in the UAE can help you obtain the license without any hassle.
Business Setup Offers from IFZA, Dubai
International Free Zone Authority (IFZA) is one of the top free zones in Dubai that offers excellent infrastructure and affordable incentives for foreign investors. The free zone has come up with an appealing offer called ’Free Residence Visa for Life’. It allows one visa, free for life on packages with visa allocation. The free visa package adds flexibility to the process of business setup in Dubai.
How can Jitendra Business Consultants Help you?
Right after the pandemic, free zones and other licensing authorities in the UAE have come up with incredible offers. Even though the aggressive promotions enhance the environment of business setup in the UAE, foreign investors should get an expert opinion before jumping into it. The best business setup consultants in the UAE such as Jitendra Business Consultants (JBC) can provide you with sensible advice on selecting the right packages. Our highly qualified consultants can advise you about what’s best for your business plan. We can help you look beyond the advertised costs and select the perfect package.
