Government Incentives for New Businesses in UAE
The UAE is a thriving hub for entrepreneurship, offering a range of government incentives for new businesses in UAE. These incentives make it easier for entrepreneurs to establish and grow their ventures in one of the world’s most business-friendly environments.
Why Choose the UAE for Business Setup?
The UAE offers a competitive business landscape, advanced infrastructure, and a tax-friendly environment. Entrepreneurs benefit from various government incentives, ensuring a seamless company formation process.
Key Government Incentives for New Businesses in UAE
1. 100% Foreign Ownership
Entrepreneurs can now fully own their businesses in many sectors without the need for a local sponsor. This policy enhances investment opportunities and encourages global entrepreneurs to enter the UAE market.
2. Tax Benefits
The UAE provides significant tax advantages, including 0% personal income tax and a 9% corporate tax (with some exemptions). Free zones also offer corporate tax holidays for startup businesses.
3. Business Setup in UAE Free Zones
Free zones are a major attraction for startups, providing incentives such as:
- 100% repatriation of capital and profits
- Exemption from import and export duties
- Fast-tracked business licensing
For more details, visit UAE Government Portal.
4. Financial Support and Grants
The UAE government offers various funding programs, such as:
- Mohammed Bin Rashid Fund for SMEs: Financial assistance for startups
- Abu Dhabi Investment Office (ADIO): Grants for tech-based firms
5. Residency Visas for Entrepreneurs
Business owners can apply for long-term Golden Visas, allowing them to stay in the UAE without frequent renewals.
Steps to Avail Government Incentives
- Choose a business activity and decide between free zone or mainland setup.
- Register your company with the Department of Economic Development (DED).
- Apply for applicable government incentives and grants.
- Obtain necessary trade licenses and visas.
Check out our guide on Best Free Zones in UAE for Business Setup.
Conclusion
Government incentives for new businesses in UAE make the country a top destination for entrepreneurs. With tax benefits, funding opportunities, and foreign ownership rights, starting a business in the UAE has never been easier.
