A global economic center with rapid development, favorable tax exemptions, and a stable economy – this is what the United Arab Emirates offers to global business. Advantageous conditions and simple legislation attract businessmen from all over the world. According to the UAE Ministry of Economic Affairs, over 560,000 licenses have been issued in the Emirates over the past six months, and their number grows by 3-5% every year. Of course, doing business in the UAE has its own specifics, as in any other country, but at this stage, the Arab Emirates are the most promising in terms of commercial activity.

What do you need to know to start a business in the United Arab Emirates?
The question of how to open business in Dubai is relevant for many businessmen. In order to understand the specifics of doing business in the country, to get acquainted with all the necessary laws and regulations, it is worth contacting experts on https://uae-consult.com/en/our-services/uae-free-zone. They will not only provide you with essential information but also assist in undergoing all the registration procedures competently and efficiently. But let's get this straight. Perhaps the most important point in starting a business in the United Arab Emirates is getting one of three types of licenses – industrial, commercial or professional. A novice foreign entrepreneur in the Emirates also needs to know that his or her participation in the local business environment is possible when opening two types of companies:

• Company in the UAE (domestic market);
• Enterprise in a free economic zone.

Enterprises established on the territory of emirates cannot be fully owned by a foreign investor. At least 51% of the company's shares must belong to a UAE citizen. If an enterprise is opened in the UAE free zone, a foreign founder can have all 100% of the shares, but he or she will not be able to carry out activities outside the selected zone.