русский

|

Blogs

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.

Share

BLOGS YOU MIGHT LIKE iN SAME CATEGORY

100% Ownership for Foreign Investors in Saudi Arabia | Freezoner

If you're considering doing business in Saudi Arabia, you're probably wondering about ownership options, especially when it comes to foreign ownership. In this blog, we’ll cover everything you need to know about 100% foreign ownership in Saudi Arabia, the rules, the benefits, and how to make it work for your business. Let’s dive in! Does […]

Details
The Impact of GCC Freezones on Global Investment

In today’s fast-paced business world, countries constantly seek ways to attract international investments. One of the most effective strategies in the GCC (Gulf Cooperation Council) region has been the creation of free zones dedicated areas offering tax incentives, relaxed regulations, and full foreign ownership. These free zones have not only transformed the local economies but […]

Details
Business Opportunities in Saudi Arabia for Foreign Investors

Are you thinking about starting a business in Saudi Arabia? You’re not alone. Thanks to its thriving economy and supportive policies, the Kingdom has become a hub for foreign investors. Let’s break down everything you need to know about making your entrepreneurial dreams a reality and how to start a business in Saudi Arabia for […]

Details
Opening a Business Bank Account in Dubai for Non-Residents: A Step-by-Step Guide

Setting up a business in Dubai is an exciting opportunity, especially with the city's reputation as a global business hub. Entrepreneurs from all over the world are drawn to its tax-friendly policies, modern infrastructure, and strategic location. However, if you’re a non-resident, you might face some challenges — especially when it comes to opening a […]

Details
Everything You Need to Know about Company Formation in Abu Dhabi

Starting a business in Abu Dhabi offers an array of opportunities, from tax advantages to access to one of the most dynamic economies in the Middle East. However, the process of company formation in Abu Dhabi can be complex, especially for those unfamiliar with the region’s regulations and legal requirements. If you’re planning to establish […]

Details
5 Easy Steps to Open a Personal Bank Account in Dubai

Opening a personal bank account in Dubai can be a complex task, especially if you're unfamiliar with the local banking procedures. But don't worry, we're here to assist you through every stage of the process. Dubai's banking sector is robust, offering a wide range of options tailored to meet the diverse needs of its residents. […]

Details
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 […]

Details
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 […]

Details
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 […]

Details
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 […]

Details
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, […]

Details
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. […]

Details
1 2 3 5

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