Things to Consider while location shopping for the best option to establish a company in UAE
Setting up a business is not a task for the faint hearted. It involves meticulous planning, thorough analysis and a zillion other factors that are easy to overlook but, can sometimes mean the difference between success and failure.
Those wishing to establish a company in UAE have their task cutout for them. Quality infrastructure, a vibrant economy and strong government support (especially as you move towards the Northern Emirates) are available to all those who wish to set up shop out here, in the Middle East. However, before you jump right in, do take the time to verify a few basics like the ones enlisted below:
A local partner may at times bring the necessary strategic insights to the table. However, in cases where the output is meant for overseas consumption, local partnerships can turn out to be quite the drag. This is why; a place that allows for full foreign ownership might give your business that much needed edge over the competition.
One of the key contributing factors towards the final cost of a product is the distribution and transportation cost. A business that runs its operations within reachable distance of a well developed road network, an airport that’s geared towards handling air-freight requirements & a modern, well-equipped sea-port has a huge advantage on its way to success.
These days, quality of life is fast becoming a crucial factor for many a talented employee sitting at the negotiation table with a prospective employer. And unlike in the past, a quality life need not require one to pay through their nose. Emerging business destinations are stealing the march over the stagnant, old competition and offering contemplating employees with an enriching life at significantly lower costs.
Anyone who’s ever tried to setup a business before knows just how tedious the permissions process can be. The endless rounds at the offices of the licensing authorities, tons of documentation& paperwork are known to get to even the more resilient types. This is why; it comes through as a breath of fresh air, when one comes across a system in place that offers single window clearances for everything, from business setup licenses to all the other permits and consents.
Costs are an important concern for businesses. Many industrial ventures are a capital intensive activity and even after setting up shop, the cost of running the business on a daily basis can prove to be difficult for some. When location shopping while setting up your business, one must be extremely prudent and choose the option that offers the lowest setup and operational cost.
Featuring some of the most competent business setup packages in the region, the RAK Investment Authority comes across as a strong contender for those considering a business setup in UAE. They have even managed to do away with all forms of taxation and levies in a bid to attract investors.
In the end, a business must evaluate all the elements and factors that are relevant to their operational efficiency.
Andy Cena - About Author:
Business Setup in RAK & UAE with our professional Grow Your Business And Beyond Services. Establish your company in UAE, RAK, Dubai with RAK Investment Authority in just $4000*. RAK Investment Authority (RAKIA) is a Government entity operating in the Emirate of Ras Al Khaimah, United Arab Emirates, with free zone and non free zone industrial parks in Al Hamra (5.8 million square meters) and Al Ghayl (21 million square meters) and a business park in the Al Hamra Area. RAKIA issues Trading, Professional, Consulting, Service and Industrial licenses for free zone as well as non free zone companies. With investor friendly policies, state of the art infrastructure and low setup costs, RAKIA has successfully attracted over US$ 3.5 Billion in investments and is home to nearly 5000 companies from diverse sectors of activity.
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