Well, it’s never(won’t it be always) a good time to start a business in the UAE, right?
But due to this pandemic, many individuals and business owners were not able to manage the business as they were stuck at home for multiple days.

While we are going through hard times, and the future seems enigmatic. Also, many individuals believe that the current situation bestows an opportunity for those who have lost jobs or shut down their companies to start a business.

When it comes to opening a business in the UAE, the UAE government has taken significant measures to establish solid foundations for the start-ups with new administrative frameworks, enhanced government support and banking partnerships.

Spending most of the time at home, instead of travelling with work, this is the time to think about business. There is a demand in every industry due to this pandemic.

Let’s see why it is now an excellent time to start a new business in the UAE:

Easy and hassle-free process

Commencing business in the UAE is a challenging process. You need to fulfil many aspects of company formation, which includes documentations, resident visas and license registrations, etc.
The UAE government also offers multiple options accessible for entrepreneurs and start-ups, which make it effortless to start a business. To ensure you are making the right choices for your company formation, gain secure expert advice on business setup solutions and support services from the business consultants.

Affordable to register a business

Many businesses are shut down, and their employees are jobless. So, to aid them in building their own business and gain enough money, UAE business consultants are offering company formation solutions at affordable rates. As part of the economic stimulus packages revealed by governments across the UAE, many charges are waived off for new businesses and SMEs, which makes it affordable to register a company. For instance, many banks in the UAE are offering reduced minimum average balance requirements for all SME account categories.
Isn’t this an excellent opportunity to start a business?

Legal framework:

As already mentioned above, the process is very complex, and every individual needs to meet all the legal frameworks. The UAE government is looking to stimulate the economy through overseas investments and to accomplish that, they have altered their legal framework during this pandemic which enables individuals to start a business efficiently.
Also, everything is done remotely in the UAE now, with minimal paperwork, and licensing & registration procedure is very simple.

Opportunities for female entrepreneurs

According to the research, women make up 70 per cent of the region’s university graduates and 44 per cent of the workforce, and there has been a surge in female entrepreneur support groups, advisories and workshops.
Many of the Dubai-based companies are owned by Females, so the business solution consultants started assisting female entrepreneurs as well and other women with financial management in commencing business in the UAE.
This booming ecosystem has been a better time for a woman to open a business in the UAE.

Remote company formation services

We all are aware of it that due to this pandemic travelling is not possible and allowed for individuals. But many business solution consultants are offering remote services through which you can open a company or a bank account without any physical appearance. Everything is done remotely.

Expertise in abundance

Many people have lost their jobs and companies have shut down due to the Covid-19 crisis. As unfortunate as this is, if you’re planning to start your business, then you can still have access to a more comprehensive talent pool that you could recruit for your business. You could also look at remote workers or freelancers as an option which can be more cost-efficient and could be useful for multiple industries.

Strategic Location

It is said that the most prominent rule of starting a business is location. Being of the business hub, the UAE has always been a strategic location and first choice for company formation.
The UAE is very strategically located within three continents, Europe, Asia, and Africa.
UAE has China and India, which is a source of raw materials and significant trading opportunities on the one hand wherein the European Union, which is a considerable trade partner, is on the other side.
So isn’t this the ideal location for your business?

Well, before making any decision, take your time to strengthen a solid foundation. Never rush through setting up business too quickly. Identify your niche, understand the market, figure out the most cost-efficient way to set up your business, assess the financing possibilities and then consult or start a business.

So, are you excited to start up your own business in the UAE?

If yes, then prep up your business idea and get in touch with EBS!

We realized that today’s business landscape had made access to foreign markets more comfortable than ever before. The most prefered geographical boundaries have triggered international businesses to look at potential growth driving markets like the UAE and Dubai to increase their competitive edge.
However, being a part of the UAE is not that easy, so we are here to assist you.

EBS is a one-stop business solution that aids in setting up a new business or company, and related documentation in UAE. With the years of market knowledge and experience working with clients across many diverse sectors, our qualified and experienced team can help with everything you need to get your business set up and running in the most efficient manner possible.
We have 3 different types of bundle offers for company formation service that makes EBS an actual one-stop shop for all your business requirements. EBS team will always be available for you to help with every aspect of your business through a range of in-house services and third-party relationships.

To know more about our services, visit:  https://www.ebsae.com/

There many more reasons to start a new business in the UAE now.
You can share your thoughts on this in the comment box.