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Here’s Why It’s Still A Good Time To Start A Business In Dubai

 Despite the COVID-19 crisis, here’s why it’s still a good time to start a business in Dubai, Abu Dhabi, or in any part of the UAE:


Cheaper Business Processing Fees

For those who have always wanted to be their own boss, there is no better time. It is now more affordable for start-ups to get set up as processing fees have been slashed. In fact, costs for new license registrations and administration fees for businesses already operating in the free zone have gone down by up to 70 percent. This move is beneficial for both existing businesses and those looking to set up operations within the free zone.

SME Credit Guarantee Scheme

Even before the pandemic, loans can be difficult to secure. To help start-ups overcome financial challenges, the government has provided a range of financing solutions. For instance, businesses in the industrial and commercial sectors in Dubai and Abu Dhabi can expect an enhanced credit environment. National banks are encouraged to facilitate loan processes with ease to help start-ups.

More Affordable Office Rental

The demand for physical workspaces is unlikely to be diminished as many businesses see a loss of productivity when employees “work from home.” Apart from rental fees getting more affordable, local governments have also offered to cover start-up companies’ office rental costs. It’s extended support to entrepreneurs and early-stage businesses as they navigate through the current economic uncertainty.

 

These are just some of the initiatives that have encouraged more innovators and entrepreneurs to nurture and grow new businesses. If you need help with starting a low-cost business setup, talk to the Austria Business Center experts! They take care of everything from licensing to providing prestigious office space for your start-up. Call them today at +971 4 454 9700 for more information.

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Location: Dubai - United Arab Emirates

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  1. ShreecaterersApril 22, 2021 at 4:08 AM

    Great post! you explore this topic in very effective way I want to appreciate your work, thank you for sharing such a useful information. Business Center Dubai | Company Formation in Dubai | Freezone Business Set up in Dubai | Ejari And Estidama in Dubai


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