The United Arab Emirates is currently experiencing a superlative economical outburst, as dynamic business sectors continue to grow and flourish in the seven emirates of UAE. Company formation in UAE can be monotonous nevertheless, with the various benefits that the UAE market has to offer there are over 10,000 companies getting registered every year.
The UAE government continues to create advantageous regulatory frameworks for the residents as well as the international investors with regards to business setup in UAE. Whether it is establishing a business, getting the necessary permits, documentation procedures or the customs and tax environment within the country – company formation in UAE is the best option.
The Forbes Magazine listed the UAE among one of the best countries in the world with a GPD growth of 4.6% annually. Leading business leaders and companies providing business setup services denote that there are several unconventional sectors growing extensively in the region. This showcases the diversification business module of UAE, offering incredible opportunities for start-ups. These include Financial Services, the Retail Sector, the Entertainment Technology, the Communication Industry, Infrastructural and Interior Designing.
Likewise, with the World EXPO 2020 just down the line UAE and Dubai also plans to create market for the technological solution – with an objective to transform the next generation by real-time inventions. An astounding fact is that, in the past years UAE made most of its revenue from crude oil and fossil fuel, but the vision of economic diversification crafted by Dubai has embraced by all the other Emirates as well. While, today the seven emirates have shifted the agenda and strive to invite the global investors.
Let’s check out the listed up-surging business setups in UAE:
Financial Services: The UAE has a striving economy consequently managing it is also is a must, thus the growth of financial services in UAE is obvious. Apart from this UAE house a large number of business houses and detailing with the financial aspect of it has also been a reason associated with the expansion of financial sectors.
Retail Sector: There are mainly two aspects responsible for the development of the retail sector – 1) The booming tourism industry, 2) The commercialization of the retail industry. Both these factors have immensely contributed towards the modification of the retail sector. A part of credit must also be given to the boost promoted by the technology with APPS and media visibility.
Communication and Entertainment Technology: There is a major boost in the technology associated to entertainment, to mention – video games, mobile apps, consoles etc. As per a news report, the entertainment technological market in the UAE is growing dramatically than the global competitors and has a possibility to grow three-times bigger by 2022. Another factor of technology is the communication sector – however the traditional as well as the technological communication sector is indicating a fast progress in comparison with the global market.
Infrastructure and Interior Designing: UAE gears up ahead of Dubai EXPO 2020 – and the major part of this developmental module is the infrastructure industry. With several project in hand and goals to accommodate it before the EXPO 2020, it is also creating business avenues for interior designing industries in UAE.
Contact Shuraa Business Setup and talk to a business advisor today! We guide you through the various business prospects the UAE market has to offer. As they say, “two heads are better than one”, thus get connected with Shuraa Business Setup for all your business setup services and corporate queries. Call us now!