Economy
New Business Ventures On The Rise In UAE As Economic Initiatives Pay Off
A range of initiatives such as new visa regulations has led to a major spike in entrepreneurs deciding to set up businesses in the UAE.
Flying Colour, a company which opens both free zone and onshore businesses, say the growth covers a range of sectors such as hospitality, IT and retail and that it covers the whole of the country.
In the first half of 2019, inquiries to start-up a new business are up by around 20% and show no signs of stopping.
Flying Colour CEO, Meet Joshi, said: “The introduction of new licensing and visa regulations have really eased the process of starting a new business. The UAE is vibrant, but it is also solid and has a proven track record, which is why so many people are attracted to open a business in the country.
“Flying Colour has a first-class reputation for helping people to start businesses in the UAE and we are very proud that we have been there at the very start for a range of companies – so many of which are now flourishing.”
The government drive to stimulate the growth of new businesses in the UAE began at the end of 2017 and Flying Colour say the positive effects are really being felt now.
There has been a guarantee to give more contracts to small companies and the process of opening and maintaining a company has been made significantly easier.
Flying Colour Managing Director, Mamta Joshi, told how they always deal with an enquiry with great care from the outset and work with people to create and execute a business plan which has a solid foundation and clear goals.
He said: “It is key that people understand the type of business they want to launch before they think about where they want to have that licence – and that is what we are here for and why we are the market leaders for business setup advisory.
“I think it is vital that people have the passion in the sector they are joining and that they really put the time and effort into a solid business plan.”
Read more:
https://www.businessliveme.com/technology/artificial-intelligence/worlds-largest-ai-startup-sensetime-to-open-abu-dhabi-hub/
-
OER Magazines1 month ago
OER, September 2024
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, September 24
-
Uncategorized4 weeks ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
Commodities1 month ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
Banking & Finance1 month ago
Apple Pay Officially Launched in Oman
-
Oil & Gas1 month ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Lifestyle1 month ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season
-
Investment1 month ago
With Over RO600M in Foreign Investments, Future Fund Oman Unveils the First Batch of Investment Projects with an Overall Value of RO830M+
You must be logged in to post a comment Login