Business Emergence in UAE

With the discovery of oil, and then the continuous developments in many states that come under it, U.A.E has taken the attention of the international business community. Many businesses today are interested in having business setup in UAE. They see that with so many incurring business opportunities, U.A.E will be a nice place for their business and it can benefit by having a presence in there. The economy of U.A.E is thriving. Population is growing on a fast rate. An interesting fact is that in Dubai, only 15 % of the population are the locals knows as Emiratis, rest are expatriates majorly from Pakistan, India and Bangladesh.

Among the seven states that come under the federation of U.A.E, Abu Dhabi has the highest number of oil resources. In fact it has around 10 % of the world’s total oil reserves. The industries there are primarily based in the energy sector. But that is not the case with the other states. Dubai for instance unlike the general perception of highest earnings from oil reserves, earns its fair share from tourism industry, real estate and commercial and financial banking.

U.A.E’s economy is second freest among the 15 Middle East countries and 28th worldwide among the 185 countries.  The presences of free zones that are to business’s ultimate delight are taxes free also play a major role in development of business in U.A.E. These free zones also offer businesses the opportunity to have 100 % ownership of their business unlike in the main land. In the mainland, a business has to be sponsored by a local partner and the local partner will have the majority shares and the decision making power.

Several consultancy firms’ helps businesses with company formation in UAE. Global Integrated services are one of the top consultancy firms working there. They offer services like protection of intellectual property, legal aid and assistance, protection of intellectual properties and many other services.