UAE slashes fees to create an attractive business environment for entrepreneurs
Ease of Doing Business
Latest in Ease of Doing Business
Business setup
UAE to allow teenagers to run businesses
The amended law reduces the age limit to run a business
Abu Dhabi
ADDED initiative digitally links all four Abu Dhabi freezones
The e-link helps in providing information and data of owners, to integrate licenses’ database and ensure ease of doing business
Dubai
UAE eyes tech firms, aims to lure companies through Golden Visas
The nation is reportedly targeting over 300 digital firms under a program launched in July, with about 40 companies in the process of moving to the UAE
bilateral economic relations
DMCC holds road shows in NY, Miami to woo US businesses to Dubai
The two live events were hosted in partnership with AmCham Dubai, Brooklyn Chamber of Commerce and Versailles Ventures
bilateral cooperation
Dubai’s DMCC sees surge in the number of Chinese companies
The Centre is now home to 703 Chinese businesses, representing nearly 12 percent of the Chinese companies in the UAE
doing business in dubai
Dubai Chamber of Commerce sees 69 percent surge in new members in first eight months of 2022
During the first eight months (from January to August), member exports and re-exports saw an increase of over 20 percent y-o-y to reach AED177 billion
Abu Dhabi
Tajer Abu Dhabi adds 126 new licences to support small and medium businesses
These trade licences allow the holders to work without the need for a physical location or having to pay rent on commercial space for three years
business activities
Dubai records 25 percent rise in new business licences issued in first half of 2022
Bur Dubai had the largest share of issued licences with 31,604, followed by Deira at 14,022 licences
Business Registration and Licensing
Dubai Chamber of Commerce sees record membership growth in first half of 2022
Dubai Chambers also achieved an Emiratisation rate of 59 percent as of the end of June this year
doing business in dubai
Major visa reforms, easing foreign firm entry pay off as Dubai retains top spot for tourism FDI
The UAE emirate generated $1.7 billion across 30 FDI projects, according to The Financial Times’ FDI Markets, making it number one in FDI capital, projects, and job creation
attract investors
Dubai reveals priorities as it positions itself as a global business hub
How Dubai aims to double the economy over the next few years, establish itself as a global business hub and rank number one in quality of life
digital economy
Bulk visa issuances, faster business licensing among UAE’s new initiatives to attract top digital firms, talent
The NextGenFDI initiative builds on the UAE’s earlier announcements regarding boosting its digital economy
Abu Dhabi
Abu Dhabi grants several businesses a 1-year lease exemption
By the end of 2021, there were around 4,060 economic activities that are licensed and regulated by the Abu Dhabi Department of Economic Development (ADDED), which in recent months have launched initiatives to promote ease of doing business
attract investors
Sheikh Hamdan launches ‘Dubai Global’ to cover five continents
The aim is to strengthen Dubai’s position as a global business hub by establishing a network of 50 offices around the world
business opportunities in dubai
Dubai’s newest free zone reveals headquarters aboard Queen Elizabeth 2 floating hotel
DUQE Free Zone aims to provide assistance even beyond the stage of launching a company, to include help with bank account opening, accounting, Emirates IDs, medical fitness checks, health insurance, VAT, and more
CBUAE
Ease of doing business for investors and entrepreneurs improves with UAE Ministry’s digital system
In its bid to improve the UAE’s allure as an ideal digitally advanced hub for businesses, the new digital attestation services will streamline procedures and boost the quality of services provided