Should You Setup a Business During a Pandemic?

Should You Setup a Business During a Pandemic?

Published On:
May 11, 2022

As an entrepreneur, when deciding to have your business setup in UAE or any place for that matter, you’d certainly seek perks such as ROI, enhanced facilities and technology, and access to numerous markets and platforms. Dubai offers all this and more. Therefore, company formation in Dubai is beneficial. Moreover, it is built on a solid basis that prioritizes the well-being of the entire firm, including investors, employees, and their families. With the current global crisis, here is a list of reasons why establishing a company in Dubai is still the best option in these difficult times.

Government-Wide Support and Assistance

Dubai's government provides substantial assistance to those setting up a business in Dubai. Aside from the existing system that enables and prioritizes health, wellness, and lifestyle advantages for all UAE citizens, the government has been generous in slashing the cost of various business packages by up to 98 percent to support startups and SMEs. The Ministry of Economy has also developed a page to help investors understand the proper procedures, steps, and facts that will help them mitigate COVID-19's impact on their firms.

Should You Setup a Business During a Pandemic

Targeted Economic Assistance Program

In the midst of the epidemic, the UAE's Central Bank introduced the Targeted Economic Support Scheme (TESS) to help minimize the effects of the disease and provide temporary reprieve from loan obligations such as principal, interest, and profits.

Financial Assistance Is Available

Banks and financial institutions have helped address startup, SMEs, and MSMEs loan repayment. Most have devised innovative strategies to help firms and employees cope with the present health crisis. Furthermore, several business incubators, accelerators, and financing organizations continue to provide monetary support to potential startups in order to help them recover from the pandemic's economic effects.

Various Forms Of Assistance From Professionals

Dubai has a large number of consultants and specialists prepared to assist the UAE's economy. Amid the current crisis, business coaches and organizations have stepped forward to help investors and employers looking either for assistance in company formation or ways to grow their firms.

Setup and Management at a Low Cost

Setup and Management at a Low Cost

Dubai is noted for its flexible and cost-effective company structure, as well as how easy it is to administer, particularly for growing companies and new investors. This hasn't altered despite the pandemic. The authorities here have even offered discounts and price reductions to assist them in dealing with unexpected losses. In addition, utilities, permits, customs taxes, and rental rates have all been decreased to encourage the further building of offices across the country.

To Conclude

The best part of this country is even now, they continue to open-heartedly welcome investors and entrepreneurs to set up their businesses and take advantage of the many benefits. These include low taxes, access to w wide network of international markets, flexible business setup, and proximity to authorities on the mainland or in the free zone.



How to Apply for the Golden Visa UAE for Nurses?

The United Arab Emirates (UAE) is a place where opportunities rise every minute. This dynamic nation has transformed itself into a global hub of innovation, commerce, and cultural diversity, offering a wealth of possibilities for individuals seeking to advance their careers, especially those related to the healthcare sector, like nursing. The UAE's healthcare sector is […]

20 Small Business Ideas in UAE to Generate $60,000 Annually

Considering launching a small business in the United Arab Emirates (UAE)? This booming economy offers a wealth of opportunities! But where to start? You're in the right place! Starting a small business here can be exciting and rewarding. Let's dive into some great small business ideas in the UAE all with the potential to generate […]

Step by Step Guide For Company Setup in Dubai Internet City

Thinking about starting a company in Dubai Internet City? You’re in the right place! Dubai Internet City (DIC) is one of the best spots for tech businesses. This blog will walk you through the steps and benefits of a company setup in Dubai Internet City Dubai internet city which is a thriving free zone. Why […]

Don’t Miss The UAE Blue Visa for Sustainability Leaders

The UAE Blue Visa is a new type of long-term visa introduced by the UAE government. It’s designed to attract individuals who have made significant contributions to environmental protection both inside and outside the country. If you're an investor looking to make a positive impact and benefit from the UAE's booming economy, this visa could […]

How to Apply for a Golden Visa UAE for Students?

Have you ever dreamt of studying abroad in a dynamic, forward-thinking nation brimming with cultural richness and exceptional academic opportunities? Then look no further than the United Arab Emirates (UAE)! In this article you will learn how to apply for a golden visa UAE for students and how to stay longer and enjoy more benefits, […]

Your Guide for Opening a Small Business in Dubai

If you’re an investor and you’re looking for the best place to start a small business, well we have the perfect location! Open your small business in Dubai! Yes you heard it right Dubai is full of opportunities and we at freezoner will help you step by step in the process, with some simple steps. […]

What Is the Corporate Tax Update In UAE?

The UAE government and the Ministry of Finance launched a new corporate tax update. The new updates come as a review by the Federal Tax Authority on businesses' net profit.  The  UAE government seeks to achieve strategic economic goals by creating a fast-paced transformation in the legislative regulations.  The corporate tax update was effective in […]

Updates On The Property Golden Visa

  Still hesitant about acquiring the Golden Visa or facing some obstacles?  Here are some new updates on the property Golden Visa that will urge you to make the right decision.   The UAE government has launched new updates regarding the property Golden Visa to encourage more investors to apply for the Dubai Golden Visa. […]

Ultimate Guide On How To Open Company In Saudi Arabia

In this ultimate guide, we will shed light on how to open a company in Saudi Arabia and answer why you should choose Saudi Arabia in the first place.   Admittedly, Saudi Arabia is one of the supportive environments in terms of economic growth. Lately, the Saudi stewardship is launching several economic initiatives.    One […]

Incorporating Business In Dubai

Have you decided to expand your company? Great, that’s the step you will never regret, especially when incorporating business in Dubai. The United Arab Emirates is a country of opportunities as it attracts ambitious investors and top-notch professionals to start their success stories there.   Yet, taking the step of incorporating business in Dubai can […]

A Full Guide On Getting A Business Loan In Dubai

  Every business needs a boost to scale and expand. If you wish to grow your company's operations, getting a business loan in Dubai can be the boost you’re searching for.   In this article, we will pinpoint all that you need to know about business loans in Dubai and how to get a business […]

How to Start a Business In Dubai

Wondering how to start a Business in Dubai!  Worry no more, we at Freezoner will tackle all the details of this crucial journey from start to finish. Let’s first state some facts before delving into this topic. Dubai is the number one destination for all ambitious investors who wish to kickstart their investment journey in […]

1 2 3 4

Freezoner is the UAE’s award-winning Business setup consultancy company that helps investors establish their business in the most cost-effective & efficient way

Quick Access

Rights Has Been Reserved For Freezoner 360 2024