Before setting up a new business in Dubai, determine if there is a need to seek help from a local sponsor. This article will shed light on important details to know before planning to start a business. The government of the UAE has recently overhauled the business setup in Dubai process. Foreigners can establish businesses in free zones. Authorities at the local government support such ventures. Expert consultation is required when establishing businesses in such zones. But there arises a question about whether you require support from local sponsors i.e. citizens of the UAE. The blog here provides a precise overview of this matter to interested readers. Read on.
Previously foreign entrepreneurs required local sponsors
Some years ago, entrepreneurs needed support from local people for the growth of their businesses. Local sponsors are beneficial when there is a need to go outside the free zone. They are also called local agents who provide assistance to spread business beyond such zones.
Now There Is No Need for Local Sponsors
Now you don’t have to seek assistance from a local sponsor to establish a business in Dubai. There have been changes in rules, and regulations in favor of entrepreneurs. No need to seek support from any local sponsor or agent now and you can go ahead with your plans without bothering about extensive processes.
Local Sponsors Used To Increase Budget
Previously, service fees had to be taken into account when establishing a venture in Dubai. This led to an increased budget in the end. Costs went out of control in most cases and establishing new ventures was not feasible in most situations.
Setting up a New Business Is Now Cost-Effective
The current situation doesn’t demand dependence on local sponsors. Budget is therefore not a concern. The current situation has made running a business cost-effective amidst the competitive environment. Expense no longer comes in the way of running a business. This is definitely good news for entrepreneurs.
It Is Now Faster and more Efficient
The new process without the involvement of a sponsor is much faster than what was there previously. Technical and administrative hiccups are completely absent. One would be more than happy to get support from concerned authorities while you set up your business in the region. There are experts who address your questions and clear your doubts about various aspects of setting up a business.
Get in Touch with Experts
Interested in Dubai freezone company setup? Get in touch with experts and seek advice. Choose professionals who have many years of experience in the industry. Feel free to place your queries and clear confusion about the procedural steps.
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