UAE Company Incorporations on the Rise Due to Innovation Strategy

UAE Company Incorporations on the Rise Due to Innovation Strategy

June, 2017

The UAE has overtaken all Arab countries in the 2017 Global Innovation Index (GII) and has improved its ranking by 6 positions from its position last year, making it one of the most innovative countries in the world.

The UAE will continue to reap the benefits of its continuous, robust efforts in innovation as it will attract leading global firms in sectors that thrive on innovation.  This will enhance the UAE’s position even further as one of the top global business destinations.

There will be an increased number of businesses and investors in the key innovation sectors who will be interested in UAE company incorporations.

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The UAE government recognizes that its economy will thrive and its global competitiveness will increase if it is committed to innovation.  For this reason the UAE government has made continuous and intensive efforts to spread an innovating culture and include innovation in all its activities.  The UAE has a dedicated fund for innovation.

The UAE is on its way to becoming a global innovation hub.

Read Why UAE Company Incorporation is a Recipe for Success

The Main Benefits to Enjoy with a UAE Company Incorporation

The United Arab Emirates is well-known for its prime, world-class business credentials.

As many are aware, the UAE has numerous specialized free zones.  These free zones were established with the aim of attracting foreign investors and entrepreneurs to the Emirates.  The free zones are under the direct control of the state authority that is responsible for the licensing of business activities in each territory.

It is common knowledge that the key attractiveness of the UAE free zones lies in the easiness of setting up and operating successful businesses.  The UAE is the ideal place for new company incorporations.

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The main benefits that investors and entrepreneurs appreciate with a UAE company incorporation are:

• 100% company ownership by foreigners – for UAE Free Zone companies you are permitted to have full ownership of your business without the need for a local partner.
• Zero income tax
• Zero tax on sales, wealth and capital
• Zero exemption from import and export custom duties
• Option for Full repatriation of capital and profits with Zero restrictions
• Zero surprises / restrictions
• Many specific sector UAE free zones enabling investors easy access to the  sector’s services and expertise
• Easy and swift UAE company incorporations, especially in the UAE free zones – Incorporate Your Company in the UAE and Enjoy the Benefits it Offers, Contact Our Offices
• Low cost of workforce, simple and quick recruitment procedures, access to pools of talented staff
• Long term lease options available for many modern facilities and  infrastructure such as plots of land, roads, connections etc.

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Read about the UAE’s Unique Lifestyle Advantages

Click Here to Make the Right Move – Start Your UAE Company Incorporation

If you’ve now decided that a UAE Company Incorporation is the right way forward for you……. What Next?

How We can Help

Establishing a presence in an overseas market can be challenging even for the most experienced of us. You are advised to seek the services of UAE Company Incorporation Specialists.

Our professionals will guide you through the whole process of UAE Company Incorporation, from selection of company type, selection of free zone, application, incorporation, leasing, and employee sponsorship.

You will be assigned a dedicated professional, with years of experience in UAE Company Incorporation.  Our clients benefit from this single point of contact.

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5 Steps for Your UAE Company Incorporation

Here is our five step procedure for your UAE Company Incorporation – Just click on the links below to start the incorporation process:

Get in Touch With Us – 1st Step for free guidance and consultation Select the right UAE company type for your specific business activities and to get a quotation.

Select Your UAE Company Type – 2nd Step Select your UAE company incorporation type and the services you require from us for the smooth operation of your company.  We provide services as a “one-stop-shop” offering all necessary corporate services, support and guidance.  At this stage we will send you an invoice to settle in order to begin the UAE Company Incorporation process.

Begin the UAE Company Incorporation – 3rd Step UAE Company Incorporation, Licensing and Residence Visa Issuance. We obtain and process all the necessary documents and complete and submit all the necessary applications for you.

Open Corporate and Personal Bank Accounts – 4th Step We help you select a bank and open company and personal accounts after the UAE Company Incorporation process is complete.

Begin Operating Your UAE Company with  Professional Support from Your Dedicated Consultant at FBS Kotsomitis – 5th Step We arrange and provide corporate services of all types including legal, accounting, UAE tax and VAT services, auditing, PRO services, consulting, documents clearing…. And more…AE s improved its standing in the Global Innovation Index, ranking 35th globally.

2017 Global Innovation Index

The results of the Global Innovation Index were announced during a press conference that was held recently at the European Headquarters of the United Nations in Geneva, Switzerland.

The results show that the UAE has, not only maintained its top position among the Middle East and Africa in the field of innovation, but has made substantial progress in advancing its position among innovation-driven countries.

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The UAE’s National Innovation Strategy

In the UAE innovation plays a crucial part in policies, strategic plans and activities in all sectors.

In 2014 the UAE Government announced a seven year National Innovation Strategy with the objective of placing the UAE amongst the world’s most innovative countries.

The aim of the UAE’s National Innovation Strategy is to boost innovation in seven priority sectors.  These particular sectors were selected as they were considered highly dependent on innovation as a driver of excellence.  The Innovation Strategy includes various innovation initiatives for each of the priority sectors.

A number of tactics and initiatives were introduced in order to achieve the innovation strategy and encourage an innovational national culture, some of which are:

• new legislation
• investment in special expertise
• specialized entities such as innovation incubators
• global partnerships for research and development
• private sector incentives
• technological infrastructures that support innovation
• developing government innovation
• training and educational programmes
• developing new products and services
• attracting creative talents and excellence in human resources

For innovation in universities and schools. The aim is to include innovation in educational curriculums and encourage creativity, critical thinking, problem-solving and adaptability.

Seek the Services of a Reputable Consultancy Like FBS Kotsomitis – Contact Us for Your UAE Company Incorporation