How to Start your Dream Business in Dubai during COVID -19 Pandemic ?

author Post By: endeavour 07 Jun, 2021
How to Start your Dream Business in Dubai during COVID -19 Pandemic ?

 

In order to start any business, we must require financial and human resources, good infrastructure, buyers, and above all, a safe and secure environment. However, new investment plans and business growth has been adversely affected as a result of the potential threats posed by the COVID-19 pandemic. Even when all businesses are trying to find new opportunities to get back on track, Dubai has already set sail to help businesses to set up and flourish in this new normal. While the majority of the countries are trying hard to cope with the situation, the UAE Government has taken all necessary measures to safeguard its citizens and businesses. All these precautionary measures that have been implemented, considering a post COVID-19 world, helps Dubai continue to remain one of the top five global cities for entrepreneurs.

The Dubai Government is greatly supporting businesses by reducing the costs of doing business and offering simultaneous packages. This innovation in business development will give way for investments in business-related activities and improve overall production, trading and export, thereby negating the effects of the COVID-19 pandemic on businesses in Dubai. Certain fee waivers, online company registration option and more lenient payment structure like monthly instalments have been introduced to support small business and startups.

“Targeted Economic Support Scheme” is the foremost strategy implemented by the Dubai Government to benefit the corporates. This scheme focuses on providing temporary relief from the payments of principal and interest for all private sector companies affected by the pandemic. Banks are also playing a major role in this process by offering loan repayment holidays and reducing fees. Moreover, many individuals and organizations have come forward to help and support small and medium businesses by giving free webinars, coaching, and consultation services.

UAE has already been a favourable place for business to flourish and has sustained foreign companies to register here for many years. Additionally, UAE Government is one of the very first countries that has implemented urgent measures to cope with the impact of the pandemic on businesses. As such, it is always a great plan to invest in Dubai despite the COVID-19 situation.

In case you are planning to start a low cost business setup in Dubai and searching for professional advisors, then schedule a consultation with our business setup advisors today itself!