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Most Preferred Areas for Business Formation in Dubai One thing that matters the most to set up your business and make it a success is your preferred location. UAE has come up as the most business-friendly nation in a survey. It is obvious because it is surrounded by Asia, Europe and Africa. Business holders can easily access a huge audience base and build a strong base for their brand awareness. The Business Registration & Licensing of Dubai Economy has identified the best locations for business formation in Dubai in a report. According to the report, there are 5 locations issued over 43.7% of new business licenses in total during the first half of 2020. In the first 6 months, a total of 16,826 business licenses have been issued by Dubai Economy. Around 15% of the total business licenses issued is in Al Garhoud to set up new businesses, while Burj Khalifa stands second with 12%. Following this race are Oud Al Muteena with 6.5% licenses, Trade Centre with 5.2% and Oud Metha with...

Why KSA Residents Should Prefer UAE for Company Formation? The UAE is the most reputed destination when it comes to company formation in Dubai. With simple legal procedures and a booming economy, business setup here is very welcoming and feasible for foreign nations. The Kingdom of Saudi Arabia is a fellow member of Gulf Cooperation Council and it can redeem significant benefits of formation of a company in UAE. It goes without saying that UAE is the leading business hub for KSA residents. Residency Visa is not required Saudi Arabian residents don’t need a residency visa as the member of GCC to gain access to the UAE. They just have to submit their ID and Saudi passport to enter Dubai. So, they can easily enter the nation to set up their businesses. Tax Benefits Considering the COVID-19 pandemic, the VAT has been tripled by Saudi Arabia to 15%. It led to a lot of discrepancies for businesses. On the other side, UAE has only 5% VAT. So, KSA residents can easily establish a company in Du...