{"id":1877,"date":"2018-02-14T11:23:31","date_gmt":"2018-02-14T11:23:31","guid":{"rendered":"https:\/\/www.startupblink.com\/blog\/?p=1877"},"modified":"2020-11-19T09:07:08","modified_gmt":"2020-11-19T09:07:08","slug":"how-to-access-dubais-market-as-an-entrepreneur","status":"publish","type":"post","link":"https:\/\/www.startupblink.com\/blog\/how-to-access-dubais-market-as-an-entrepreneur\/","title":{"rendered":"How to Access Dubai’s Market as an Entrepreneur?"},"content":{"rendered":"
\"Dubai's
Dubai is a growing hub for business, don’t be left out!<\/figcaption><\/figure>\n

Allegiance International, a premier legal and business consultancy with expertise in Dubai\u2019s business scene, has a few key tips and advice for entrepreneurs excited to conduct business in Dubai.\u00a0 Dubai is often referred to as the \u201ccity of the future\u201d.\u00a0 Considering its growing influence as a hub for finance, commerce, and industry, it\u2019s easy to see why the largest city in the United Arab Emirates claims this title.<\/p>\n

Since 2015, the Dubai Chamber of Commerce has published a \u201cDubai Innovation Index Report\u201d analyzing global cities based on innovation cultures and government support.\u00a0 Dubai consistently scores in the top 25, and in a separate report<\/a><\/strong> produced by StartupBlink, Dubai is the number one city in the United Arab Emirates for startups.\u00a0 Moreover, its strategic geography makes it an ideal location for business leadership.\u00a0 Flights to Europe, Africa, Asia, and the Middle-East are abundant, cheap, and relatively short.<\/p>\n

Startups and established corporations alike could benefit greatly from access to Dubai\u2019s growing market.\u00a0 The City of the Future also hosts the world\u2019s second largest re-export hub \u2013 the Jebel Ali Industrial Zone.\u00a0 In 2016, Jebel Ali hosted 80.2 Billion<\/a> USD in trade transactions.\u00a0 Dubai\u2019s market represents an opportunity startups and well-established corporations can ill afford to miss.\u00a0 How, then, do businesses go about accessing Dubai\u2019s economic opportunities?<\/p>\n

<\/p>\n

Free Zones<\/h5>\n

The United Arab Emirates offers over 40 \u201cFree Zones\u201d for foreign companies to establish businesses.\u00a0 These Free Zones provide easier startup procedures, less paperwork, and allow companies to be owned, 100%, by foreign nationals.\u00a0 Importantly, businesses established in Free Zones are typically restricted to conducting business within the Free Zones themselves.\u00a0 To access further opportunities outside of the Free Zones, Allegiance International<\/a> explains that Free Zone Entities (FZE\u2019s) can conduct business with companies outside the Free Zone with help from a local agent or company.\u00a0 Likewise, FZEs can apply to become fully registered \u201cmainland entities\u201d.\u00a0 Another important advantage is that some Free Zones, such as Jebel Ali, allow duty-free imports and transactions.<\/p>\n

Allegiance International assists companies as they analyze how best to establish their venture in a Free Zone. \u00a0With the benefit of local knowledge, their clients are better able to decide how to make a decision that could cost between 20,000 \u2013 120,000 AED annually.\u00a0 Determining a proper Free Zone location could help companies save money and increase their profits as they avoid the high costs related to founding a company outside of the UAE\u2019s Free Zones.<\/p>\n

Mainland Entities<\/h5>\n

For firms interested in establishing their company outside of a Free Zone.\u00a0 Allegiance International points out that mainland entities are required to observe local laws that mandate certain ownership percentages.\u00a0 Chiefly, a firm must be owned, 51% or more, by a UAE citizen.\u00a0 To navigate this challenge, Allegiance International assists companies in developing their own mainland entity.\u00a0 They estimate the cost of doing so, in comparison to a Free Zone operation, could be roughly 75,000 AED annually.<\/p>\n

The Allegiance International Solution<\/h5>\n

Some entities may wish to set up shop in Dubai, but do not have or are afraid to risk their well-preserved funds to do so. What options do such companies have in the local market?<\/p>\n

Allegiance International can provide agency services for any investor or business entrepreneur who wishes to enter the Dubai market. Through their business consultancy unit, they can market the services of any individual or foreign company who wishes to do business in Dubai. In addition, for those who wish to trade in goods, they can partner with known associates, who maintain a general trading license, in order to distribute goods in the Dubai market. Such arrangements are set up at a commission plus registration fee agreement, which serve as risk free and very cost effective solutions for budding businesses.<\/p>\n

In a nutshell, the above outlines the three main gateways to the Dubai market.<\/p>\n

Why wait for success? Form an Alliance you can trust with Allegiance International today!\u00a0\u00a0You can read more about their unique approach and services on their company blog, here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Allegiance International, a premier legal and business consultancy with expertise in Dubai\u2019s business scene, has a few key tips and advice for entrepreneurs excited to conduct business in Dubai.\u00a0 Dubai is often referred to as the \u201ccity of the future\u201d.\u00a0 Considering its growing influence as a hub for finance, commerce, and industry, it\u2019s easy to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nHow to Access Dubai's Market as an Entrepreneur? - StartupBlink Blog<\/title>\n<meta name=\"description\" content=\"Allegiance International, a premier business and legal consultancy with expertise in the UAE, shares advice on establishing businesses in Dubai.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupblink.com\/blog\/how-to-access-dubais-market-as-an-entrepreneur\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Access Dubai's Market as an Entrepreneur? 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