We welcome the news that the UAE Cabinet recently announced that it had approved 10-Year Residence Visas and 100% foreign ownership of companies as part of a new investment law.
You have a great idea for a business, have even spent time working on financials and future profitability, but have no idea where or how to start.
When we think of entrepreneurs we most often think of tech startups founded by millennials, some barely out of college, hoodie clad and spending their free time playing computer games or on social media.
This is often the first question people have when looking set up a business in Dubai, and it is important to get right because the consequences of getting it wrong can be significant.
The biggest complaint I hear from people trying to setup a business in mainland Dubai is the high costs involved: consultancy services, license fees, local service agent fees, and office rental costs.
Every business in Dubai needs an office, and in a city with a landscape that changes as rapidly as ours it is paramount that costs are contained. The process of finding an occupying a conventional office is tedious, time-consuming, and expensive.
This is something that the vast majority of expatriates I speak to do not think is possible when it comes to onshore businesses in Dubai.
Are you still renting conventional office space for your business? If so, you are likely placing an unnecessary cost burden on your business.