Thursday 9 March 2017

Business Development in UAE

In the Arab countries, after Saudi Arabia, U.A.E is the most established and has yet continued to show growth in different sectors of work. Their economy is one of the most open economies in the Middle East. Naturally many businesses are interested in having business setup in UAE. They see that with so many growing and burgeoning opportunities, these businesses too can make the most of it. Abu Dhabi among the states that come under the federation of U.A.E has the highest number of oil reserves. Their main business is primarily done in the energy and oil sector. But they are modifying their model and are coming up with new areas of work like the way tourism industry has gotten established so well in Dubai.
The presence of free zones in U.A.E is also a major reason of attraction for many businesses. These free zones offer an environment that is constructive and positive for businesses. The duties and taxes are different from that of the main land. In the main land, businesses have to partner up with a local firm to start a business. And the local business will have the majority shares & the decision making power in that business. However companies can enjoy complete ownership in free zones with zero currency restrictions and corporate taxes. These free zones are an ideal place for entrepreneurs to begin their business as well.

Businesses want to protect their trademarks and patents when they enter in a new area. The law in U.A.E support and promotes the protection of all sorts of intellectual property. Global Integrated services are of the leading management consultancy firms working in U.A.E. They offer the services of patents registration in UAE along with several other services. They also operate in GCC countries. The services that they offer are diverse and hence help their clients in establishing their business in U.A.E.

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