The United Arab Emirates rises to 26th position in the World Bank’s Doing Business 2013 report. This is a praiseworthy jump considering the country’s ranking at the 33rd position last year. Each Emirate of UAE formulates their own strategies, but complementing each other, in attracting investments from around the world. The complementary nature of government initiatives places the country on a fast pace of development. The Abu Dhabi Economic Vision 2030 is one of such government initiatives aimed at the systematic economic growth of the Emirate of Abu Dhabi. The Abu Dhabi Economic Vision 2030 plans include diversification through the effective expansion of strategic sectors like energy – oil and gas, petrochemicals, metals, aviation, biotechnology, tourism, healthcare, logistics, education, media, financial services and telecommunication services. Through its Masdar initiative, Abu Dhabi hopes to become a world centre for renewable technologies.
The setting up of business in the United Arab Emirates requires planning and decision making through different phases. This involves deciding the option of registration legal structure of businesses, human workforce etc. The following are the three options of forming a company in UAE.
The costs, procedures and time taken to complete the registration vary with each option.
SOCPROLLECT | UAE Business Setup Consultants
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