InZone aggregates business setup options and prices for the UAE
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InZone aggregates business setup options and prices for the UAE

InZone aggregates business setup options and prices for the UAE

InZone helps individuals choose between the most appropriate company and shareholding structure and jurisdiction to help establish operations in the country

If there’s one resounding message from the UAE that we can take away from the previous year it is that the UAE is open for business.

There were several programmes launched to support the UAE’s entrepreneurial ecosystem. For example, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, unveiled the Industrial Strategy Operation 300bn last March. The 10-year comprehensive strategy aims to increase the industrial sector’s GDP contribution from the current Dhs133bn to Dhs300bn by 2031. Operation 300bn will result in the Ministry of Industry and Advanced Technology rolling out programmes to support more than 13,500 SMEs by 2031. Over 33,000 industrial enterprises operate in the UAE, comprising 95 per cent of small- and medium-sized businesses.

The following month, Sheikh Mohammed also approved the Emirates Development Bank’s (EDB) new strategy, which includes a financing portfolio of Dhs30bn to support those thousands of SMEs and create approximately 25,000 jobs.

“For new entrants, navigating the business setup landscape in the UAE can be a daunting task. There are numerous questions to be considered such as whether you wish to open a mainland or a freezone company, what are the advantages and challenges of each, as well as more fundamental questions as to which emirate is best suited to cater and support the specific needs of your company,” said Muhammad Tariq, CEO of InZone, a company that helps businesses setup their operations within the UAE.

Aiman Fatima, director of InZone further noted how the company helps aspiring entrepreneurs set up their business in the UAE. “InZone makes sense of the entire process of setting up a business in the country. It has a one-stop website portal, as well as dedicated advisors, to help potential entrepreneurs understand the UAE’s business setup process and requirements.”

InZone’s website helps compare company setup prices online. The company said  that it has made the entire process of sourcing the information as painless as possible. While other portals have business setup calculators on their website, they primarily mine information by asking several personal details including email addresses, names and phone numbers before throwing up the desired information. InZone doesn’t do that and instead shows up results instantly with the user not having to share any personal data to secure those results.

The portal’s easy-to-use interface has pre-defined drop-down boxes to quickly show up relevant results. For a free zone setup, a user needs to select an activity they choose to set up (e-commerce/general trading/services/media), the number of shareholders, the number of visas that need to be allocated, and the emirate of choice. The offshore setup asks the above questions, only replacing the number of visas required with whether the applicant has a bank account. In the mainland category, all that is required is to select the activity, the number of shareholders, and the emirate of choice.

For those who would require further help in determining the right business setup, InZone also has dedicated advisors to aid the process of picking the right package and license, determining the jurisdiction, and completing all the necessary formalities. InZone says that it only charges the government fee for the business setup – which implies that its advice and consultation is free. Furthermore, it also offers a 30-day money-back satisfaction guarantee to all its clients.

For further details about InZone, click here

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