08 Dec
2023
Now is the ideal time to start or launch a business in Dubai, and as Bizvisor, we understand the significance of this opportunity. With remarkable economic developments and progressive reforms, Dubai has become a magnet for foreign investors seeking a thriving business environment.
The city has witnessed a substantial influx of foreign direct investments (FDI), with Dh15.9 billion poured into 378 projects in the first nine months of 2021, as reported by the Dubai FDI Monitor. These impressive statistics serve as a compelling indicator that Dubai is the perfect destination for company formation. In this article, we will explore why this is the right moment to establish or launch a business in Dubai and how Bizvisor can assist you throughout the process.
Dubai offers an array of long-term residency options, providing foreign investors, entrepreneurs, and skilled professionals with the opportunity to establish a second home in this thriving city. At Bizvisor, we understand the significance of the Golden residency program as a gateway to a 10-year renewable residency in the UAE. This exclusive program is available to a wide range of individuals, including investors, entrepreneurs, scientists, specialists, outstanding students and graduates, humanitarian pioneers, frontline workers, and skilled workers.
What sets the Golden Residency apart is its unique feature: no sponsor is required, granting individuals more flexibility and control over their residency. Furthermore, Golden residency holders have the privilege of sponsoring their families, fostering a sense of togetherness and security.
Introducing the game-changing Five-year Green residency, a transformative opportunity for individuals seeking to establish themselves in Dubai. This revolutionary residency allows holders to sponsor themselves for five years, eliminating the need for a residency sponsor. At Bizvisor, we recognize the immense potential this residency holds for both individuals and the city of Dubai.
With a Green residency, individuals can secure residence permits not just for themselves but also for their family members, including spouses, children, and even first-degree relatives. This unparalleled flexibility and inclusivity create an environment conducive to personal growth and stability. Whether you are an investor, partner, skilled employee, or freelancer, the UAE Green residency opens doors to a wide range of possibilities.
Dubai, a city known for its progressive mindset and entrepreneurial spirit, has introduced an entry permit that revolutionizes the way foreign investors and entrepreneurs can explore business opportunities. What sets this permit apart is its unique feature: it does not require a sponsor or host. At Bizvisor, we understand the significance of this development and its potential impact on your business aspirations. 1Win online casino is a popular and reputable online gambling platform that offers a wide range of thrilling casino games, including an impressive selection of slots. With its user-friendly interface, enticing bonuses, and a vast collection of high-quality games, 1Win online has gained recognition among online casino enthusiasts.
With the business entry permit, you can now enter the UAE and delve into the abundant business and investment opportunities it offers, free from the traditional sponsorship requirements. This newfound freedom empowers you to navigate the market, establish connections, and uncover promising prospects with ease. To gain a comprehensive understanding of this residency and its benefits, we recommend leveraging our expert business setup services in Dubai.
Dubai’s business landscape has undergone a remarkable transformation, aligning itself with the changing dynamics of the global economy. A notable stride in this direction is the government’s enactment of a law to regulate virtual assets within the emirate. To facilitate this regulatory framework the Virtual Assets Regulatory Authority (VARA) was established, reflecting Dubai’s commitment to embracing emerging technologies.
VARA assumes a pivotal role in governing and overseeing virtual assets, including cryptocurrencies, by developing comprehensive policies and granting permits to virtual asset service providers aiming to establish their presence in Dubai. As Bizvisor, we recognize the significance of this regulatory landscape and offer tailored guidance to navigate the intricate processes involved.
At Bizvisor, we strive to stay at the forefront of these progressive changes, equipping you with the knowledge and expertise required to thrive in Dubai’s dynamic business environment. Our dedicated team of professionals is ready to assist you in understanding the intricacies of entry permits and the regulatory framework for virtual assets.
For years, registering a company in Dubai mainland came with a significant drawback: the requirement of partnering with a UAE national who would hold at least 51 percent of the shares in the company. This restriction posed challenges for foreign investors seeking full control over their businesses.
To navigate this ownership limitation, many foreign entrepreneurs turned to free zones, where trading was confined within those specific areas. However, a recent groundbreaking development has transformed the landscape. The UAE government abolished the local sponsorship requirement, opening doors for 100 percent foreign ownership in mainland companies.
This monumental change has unlocked unprecedented opportunities for foreign investors, allowing them to establish their presence in the heart of Dubai’s bustling business district. At Bizvisor, we understand the significance of this reform and its potential to revolutionize your business prospects. Our team of experienced consultants is ready to guide you through the process of mainland company setup, ensuring compliance with regulatory requirements and maximizing your ownership benefits.
Investors operating in the industrial or manufacturing sector can leverage Dubai’s strategic initiative known as Operation 300bn. This ambitious industrial strategy aims to elevate the UAE’s industrial sector and significantly contribute to the national economy. The government’s vision for Operation 300bn is to increase the sector’s GDP contribution from Dh133 billion to Dh300 billion by 2031, fostering job creation and promoting the development of future industries.
The core objectives of Operation 300bn encompass the growth and enhancement of the UAE’s industrial sector, the elevation of the in-country value (ICV) of the industry, the creation of abundant job opportunities, establishing the UAE as a global hub for future industries, and boosting the reputation of locally-made products through targeted exports to global markets.
Dubai has long been a thriving ecosystem for startups and SMEs, and the UAE government remains committed to fostering entrepreneurship. Among the notable initiatives is the Entrepreneurial Nation Project, a flagship program designed to support and elevate UAE-based startups and SMEs across major sectors.
Under this project, the government aims to establish a private equity fund of Dh1 billion, facilitating access to capital for aspiring entrepreneurs. The primary objective is to attract skilled professionals and foreign capital to the UAE, fostering an environment conducive to innovation and business growth. By 2031, the government envisions the UAE as the home to 20 unicorns, representing a significant milestone in the country’s entrepreneurial journey.
In conclusion, Bizvisor is your trusted partner for business setup in Dubai. Our experienced team of company formation consultants specializes in mainland company setup and provides comprehensive pro services in Dubai. With in-depth knowledge of the local business landscape and expertise in navigating regulatory requirements, we are well-equipped to assist you in establishing your company.
As a leading business setup consultancy, we understand the importance of timely and accurate support in company formation. Whether you need assistance with business setup in Dubai, guidance on the process of company formation, or expert advice on pro services, our team is dedicated to providing tailored solutions to meet your specific needs.
By choosing Bizvisor as your company formation consultant in Dubai, you gain access to our extensive experience and comprehensive services. We handle all aspects of the setup process, including compliance with mainland company regulations, ensuring that you can focus on growing your business.
Trust Bizvisor to streamline your business setup journey in Dubai. Contact us today to get started.
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