The UAE economy is clearly divided between the ‘onshore’ sector, dominated by local business interests with restrictions on foreign ownership and the ‘offshore’ sector which consists of a number of Free zones. There are no major taxes to speak of both on or offshore, but 100% foreign ownership and customs privileges make the free zones the most favorable locations in the Middle East.
The normal conduct of business requires an organization to be registered with several authorities based on the specific nature of the business. Beta Consultants help their clients by providing an expert hand and walking them through all matters pertaining to registrations with organisations such as the Chamber of Commerce, Ministry of Health, Ministry of Finance, etc as may be applicable.
While entering new markets, companies need to carefully evaluate the overall structure and the ways in which the business will be conducted in the new markets. The need and desire of home country management control over overseas operations and the demands of the market over the foreign unit and its’ staff need to be taken into account while deciding on the entry strategies.