Invest in Dubai: Speeding Up Company Formation Process for Foreign Investors
At a time when the effects of COVID-19 pandemic is still lingering, governments across the world are accelerating efforts towards digital transformation. Social distancing and restrictions on physical movement mean the investors need robust tools to remotely access vital business setup services in Dubai. The government has launched to Invest in Dubai, a digital platform for foreign investors to minimise the hassles of business up in Dubai.
The business community has hailed the Dubai government’s new effort that is likely to remove the burden off the shoulder of expatriate investors. Invest Dubai platform comes with unique features that make it easy for foreign investors to set up a company in Dubai. The features range from finding the right free zones for company formation in Dubai to guidance on business setup services, including bank account opening. In this blog, we take you through the promising features of Invest in Dubai digital platforms unveiled by Dubai Government. Read ahead.
Recommendation for Business Setup in Dubai
Business Setup Recommendation is one of the most interesting features of the Invest in Dubai platform. It gives robust recommendations to investors based on their business idea for company formation in Dubai. The platform delivers recommendations based on your business idea, the total number of partners including you, nationalities of shareholders etc.
The investor needs to tell the platform the type of company he or she is planning to start in Dubai; for example, a restaurant business with two expatriate partners. Invest in Dubai will give you details of the approximate cost of the license for the restaurant. You can get the cost of both Instant License in Dubai and normal trade license as well. The platform will also provide details about suitable company structure when you enter the business activity in the respective column.
Where Should You Start the Business?
Setting up a business in Dubai is a strategic decision as the foreign investors need to choose between the mainland and the forty-plus free zones. Company formation in Dubai mainland allows you to trade anywhere in the UAE without restrictions. However, initiating business setup in Dubai free zones allows you to trade only within the free zones or outside the UAE (imports/ re-exports).
Depending on the business idea, activities and shareholders, the Invest in Dubai would suggest you whether you register the company in Dubai mainland or free zone. The platform has a heat map that provides recommendations on the top business districts or areas in Dubai, where you can incorporate the company. The map shows you the name of the business district and the number of active businesses in those areas. Once you decide on the area, consult with the best business setup consultants in Dubai to further your company registration process.
How to Find the Right Free Zone in Dubai?
Invest in Dubai is a one-stop gateway to help the investor identify the best free zone in Dubai that matches with their business plans. The ‘Find Your Free Zone’ option requires you to select your business activity, license types, and the desired facilities & amenities. The platform currently displays 19 free zones in Dubai with detailed descriptions about the features and costs of company formation.
All major free zones such as Dubai Airport Free Zone (DAFZA), Jebel Ali Free Zone (JAFZA), Dubai South, Dubai Silicon Oasis (DSO), DMCC, Dubai Media City, Dubai Internet City, Dubai International Financial Centre (DIFC), Dubai Healthcare City etc. are featured in the Invest in Dubai website. Business setup consultants in Dubai can help you proceed further with the steps of free zone company registration.
Information on UAE Residency & Citizenship
To facilitate the ease of doing business in the UAE and Dubai, a raft of reforms were recently introduced by the government such as citizenship for expatriates, Golden Visa, retirement visa etc. The website gives you details about who all are eligible for the citizenship and Golden visa. Foreign investors who get introduced to various residency schemes offered by the government can apply for visas through top business setup companies in Dubai.
Support for Startups in Dubai
Entrepreneurs who run or planning to set up a startup in Dubai will find the integrated digital platform highly useful. Invest in Dubai platform provides vital information for startups regarding incubator programmes and funding opportunities. It has listed startup incubator or funding programmes including the Hamdan Innovation Incubator (Hi2), Re-urban Studio, AstroLabs, The Co-Dubai, Dubai Entrepreneurship Academy etc. The platform gives a direction to entrepreneurs in terms of furthering their business expansion plans.
A Big Boost for Company Formation in Dubai
Invest in Dubai provides an integrated platform for investors planning to set up a business. Information about nearly all business setup services in Dubai is brought together under a single roof for the benefit of entrepreneurs. Even though the platform gives a direction to foreign investors about the process of business setup in Dubai, the entrepreneurs still require personalised assistance of experts to avoid errors and delays.
Top business setup consultants in Dubai, such as Jitendra Business Consultants (JBC) provide a human touch to the process of company incorporation. JBC’s highly qualified business set up advisers in Dubai provide robust solutions that are tailor-made for each client. We help you submit error-free applications and documents to the mainland or free zone authorities in compliance with relevant laws. JBC’s PRO services ease the hassle of obtaining visas for yourself and your employees or family. By hiring JBC as your trusted business setup partner, the path to business success becomes hassle-free.