UAE is home to numerous Free Trade Zones that support the growth of trade and the economy of the region. There are various business activities available in the Free Zones for doing business. In UAE there are more than 45 Free Zones delivering various company packages for investors.

Foreign investors choose to establish their business in the Free Zones due to various reasons such as:

• The ease of setting up an office,
• Registering the company easily,
• Avail of the numerous business benefits offered by the Free Zones.

Free Zone in UAE

Free Zone in UAE is an area demarcated within the country. It is a designated area where investors can legally trade and avail various incentives for their business. Furthermore, for a Free Zone Company in UAE there are a host of benefits such as:

• Provision of Complete Ownership of the Company
• Trusted Governance
• Absence of taxation,
• Plug and Play Office Spaces
• Easy Company Registration and more

Also, there are designated Free Zones in UAE that are VAT Exempted under certain circumstances. The VAT is levied depending on the place of supply of the services and goods by the Free Zone company.

Free Zone – Available Privileges for the Investors

The jurisdiction of a particular Freezone is limited to the area where it is established. A company registered in a Freezone is essentially an onshore resident company. So, it can avail all privileges of an onshore company such as:

1. It is eligible for Office premises in Freezone
2. It can have a Visa quota
3. It can trade or do business within the UAE and outside
4. It can be registered with the Chamber of Commerce
5. It can obtain import-export code
6. Tax Residency Certificate can be obtained so that investors get the benefit of DTAA ( Double Taxation Avoidance Agreement)
7. Certificate of Origin can be obtained for manufacturing companies
8. 100% Expatriate Ownership and 100% repatriation of profits

The Free Zones in Dubai will be pricier when considering the total cost of setting up a business in UAE. It is dependent on various factors such as the location, office rent, other infrastructure facilities, and more.

Top Free Zones in Dubai

The Free Zones in Dubai offer various company formation packages for the investors. Depending on the specific business requirement, the Free Zones have custom-made business solutions.

There are popular Free Trade Zones in Dubai that offer variety of company packages. Few of them are:

• Dubai Airport Free Zone
• Dubai Multi-Commodities Center
• Dubai CommerCity
• Dubai Silicon Oasis – IFZA

Also, the investor can choose from a wide range of business activities for setting up their company. The Free Zones of Dubai has many advantages due to the strategic location and improved infrastructure facilities to support business growth.

Free Zones in Abu Dhabi

There are Free Zones in Abu Dhabi that offer various specialized license packages and business activities to the entrepreneurs. For example, the Masdar City Free Zone offers special licenses for startups in the field of renewable energy, energy management, environment management, etc.

Similarly, the Khalifa Free Trade Zone (KIZAD) offers logistics, shipping, packaging, and commercial trading license at budget friendly rates for the investors.

Additionally, for airlines chartering, flight maintenance, and aircraft management companies, the Abu Dhabi Airport Free Zone is an ideal choice. It offers various cost-effective business license packages for the entrepreneurs.

Top Free Zones in the Northern Emirates of UAE

The Northern Emirates especially Sharjah has few cost-effective alternatives for companies to set up at a much affordable rate in the UAE.

Let’s look at the various options available in the Northern Emirates for company setup and successfully set up your dream business venture in UAE most comfortably and cost-effectively.

1. Sharjah Airport International Free Zone (SAIF Zone)

Sharjah Airport International Free Zone is one of the most dynamic Free Trade Zone driving a variety of trade and business activities in the UAE. Hence, it is one of the busiest trading and manufacturing hubs of UAE.

With an in-house Customs Clearance, proximity to the Sharjah International Airport and the Khalid Port, SAIF Zone facilitates global trade with more than 100 countries.

The custom warehouse and light manufacturing units allow entrepreneurs to easily scale up their business operations and profitably run the operations. SAIF Zone offers customized office spaces starting from 9 Sq.m cubicle to fully furnished executive offices.

Also, the company formation process, state-of-the-art infrastructure, staff accommodation, etc., are best in class making the Free Zone a favorable option to consider for setting up a business establishment in the UAE.

2. Hamriyah Free Zone

Similar to Sharjah Airport International Free Zone, the Hamriyah Free Zone is another popular Free Zone for commercial and manufacturing licenses mainly. It hosts some of the top manufacturers of the world.

Hamriyah Free Zone offers warehouses with office space requirements with up to 50 employee visa quotas for large manufacturing setup.

There are top-class warehousing and storage facilities in Hamriyah exclusively for food manufacturers, healthcare providers, etc.

The proximity to one of the busiest ports in the UAE makes it a trader’s hub. There are daily import-export transactions from Hamriyah Port to numerous countries around the world with the majority share to Asia and then Africa and Europe.

3. Sharjah Media City

Sharjah Media City is one of the most competitive Free Zone gaining a strong presence as the popular Free Zones for profitable business investment in the UAE.

SHAMS offers a wide range of business activities at a low-cost business setup package starting from as low as AED 8,050 for a Zero visa quota company setup.

The Free Zone offers investors a multitude of company formation options and a wide list of business activities to choose from.
As the name goes, SHAMS just does not only offer Media related Business License but several business licenses and activity categories ranging from general trading, services, eCommerce, and more.
To know more about Company Formation in Sharjah Media City, talk to our expert Business Consultants, connect with us here!

4. SPC Free Zone

The Sharjah Publishing City Free Zone is a competitive Free Zone in the emirate of Sharjah. It has various company packages that suit the investor business requirements. SPC Free Zone is a popular choice among the freelancers and startup companies.
The Free Zone offers cost-effective company packages that will enable investors to easily start there business venture and scale up. SPC offers flexi-desk spaces and Co-working spaces for startups and freelancers to work.
SPC offers the investors more than 1000+ business activities across services and commercial business categories. The proximity to Sharjah International Airport makes it an ideal location for business travelers to easily visit the office premises for project discussions and meetings.

5. Ajman Free Zone

For entrepreneurs looking at further low-cost options, there is Ajman Free zone that offers attractive business setup packages across various business license categories and trade activities.
Choosing a Free Zone with the only objective of a low-cost business license will have implications in the future during office space expansion, warehouse space addition, bank account opening, address and reputation, and more.
Hence, entrepreneurs must look at a holistic approach while choosing the right Free Zone for their business establishment and not just a low-cost option.

6. Ajman Media City

Ajman Media City Free Zone is another low-cost option for investors who are looking at an entry point to the UAE business landscape.
The Ajman Media City offers a Freelance Permit for media enthusiasts, Photographers, graphic designers, web-developers, etc., to enter the entrepreneur world seamlessly.

Also, Ajman Media City offers a host of other business license packages at competitive packages for investors to choose from for their business setup in UAE.

7. Ras Al Khaimah Economic Zone (RAKEZ)

The RAKEZ is a Special Economic Zone in the Emirates of Ras Al Khaimah offering attractive company setup options for global investors.

The Free Zone consists of dedicated business parks, manufacturing units, warehousing, and logistics complexes to cater to a wide business requirement of entrepreneurs.

Also, to promote the academic and education-related business establishments, RAKEZ has a specialized Academic Zone that houses all the companies that offer services and products in the education sector such as training, Ed-Tech startups, tutoring, etc.

In a nutshell, UAE Free Zones offers global investors all that they require to set up their business seamlessly and easily scale up to achieve business sustainability.

Seasoned Business Setup Consultants like Aurion will assist in the end to end Business Setup Processes, Visa Processing, Bank Account Opening Assistance, and beyond making the journey of Company Formation in UAE hassle-free for the investors.

Read more about Business Setup in Fujairah and Business Setup in Ras Al Khaimah (RAK).

The post What is a Free Zone? appeared first on AURION.

So, investors can get a Co-Working Space in UAE Free Zones by taking a virtual license and opting for a Flexi-Desk or Shared office for their company. 

What are Co-Working Spaces in UAE?

Co-working Spaces in UAE are basically Share-desk or Flexi-Desk facilities for investors to work for specific hours in a day. It is a great option to save the initial setup fees and office rent.

Start-ups and Freelance choose Co-Working spaces in UAE initially to manage their expenses and make a profit from the assignments. The Free Zone in UAE has dedicated Co-Working spaces for investors who opt for a virtual company license.

Thus, Co-working spaces have many advantages over fully customized office spaces. It is a perfect choice for entrepreneurs who are building a new client base and expanding the market. 

Why Should an Investor Choose a Co-Working Space in UAE?

The business scenario in UAE is at a growth phase with more start-ups entering the market. Freelancers and entrepreneurs are exploring new market opportunities constantly and co-working spaces are perfect to start with and then scale up to a fully customized office space in the free zone.

1. Flexibility

Co-Working spaces in UAE provide entrepreneurs the flexibility to work in their desired comfort and not bound by a typical office setup. So, it helps the entrepreneur to focus more on the core business and reduce the burden of operating expenses.

Also, most of the co-working spaces in UAE have 24-hour access and the investor can plan their day and split jobs and take care of a family along with having a fully concentrated workspace.

2. Convenience

Convenience is the key to co-working spaces in UAE. The ability to keep the cash flow low and choose the working space on demand is a win for co-working spaces.

Thus, the investors can choose the workplace according to the requirement and volume of work. They can keep the operational expense at an all-time low at the same time focus on the core business activity more effectively.

3. Networking Opportunities

There are immense networking opportunities in co-working spaces in UAE. Like-minded innovators and entrepreneurs can share business ideas and collaborate on projects.

Hence, entrepreneurs can easily strike up conversations and ideate for new projects. Also, co-working spaces are a perfect launchpad for start-up applications to test the audience.

Subsequently, the Co-working spaces in UAE also conduct frequent professional development workshops, regular networking events, etc., that will help build business contacts and gain new customers. Also, it is a perfect place for word-of-mouth marketing and will amplify your visibility for you as an entrepreneur.

4. Amenities & Services

Co-working spaces have world-class infrastructure and modern amenities to keep entrepreneurs active around the clock. It has every business support system that will easily help in scaling up your venture.

Hence, most of the co-working spaces across the world have the following in common:

• Meeting rooms- Conference rooms for calls, meetings, with potential clients, and holding strategic discussions
• Break Spaces- Outdoor areas, pool tables, and lounges
• Office Stationery – Office furniture, Flexi-desks, office stationery
• Cafes & Restaurants – Free Coffee, fruits, basic appliances fridge & microwave, etc.
• Work-Life Balance
• Co-working spaces

5. Work-Life Balance

Co-working spaces help the entrepreneur to plan their day more effectively and be free of distractions while they are focused on work. Thus, they can access their workspace at any convenient time and maintain a healthy work-life balance by being with family and friends too during their off-peak hours.

Also, the 24-hour access to Co-Working spaces in UAE allows entrepreneurs to spread their work and errands to a 24-hour window.

Free Zones in UAE – Co-Working Spaces Available

The Free Trade Zones in UAE play a vital role in the progress of business and commerce in the region. The start-up growth in UAE is powered by the cost-effective business license and freelance license package.

Hence, most of the Free Trade Zones in the UAE offer co-working spaces and Flexi-Desk office areas for freelancers and entrepreneurs to easily start and scale up their business ventures. 

Co-Working Spaces in Dubai Free Zones

With the start-up revolution in Dubai and more foreign investors focusing on setting up their base in the region, the demand for Co-Working spaces is skyrocketing.

Additionally, in the Free Zones and Mainland, there is a boom of Co-Working spaces. Entrepreneurs opt for doing their work by paying for the business infrastructure and allied utilities on a pay-as-you-use model.

1. Dubai Silicon Oasis – IFZA

Dubai Silicon Oasis-IFZA is the fastest growing Free Trade Zone that has exclusive company formation packages for start-ups and innovators. The Free Trade Zone offers a host of cost-effective business setup packages available for entrepreneurs.

IFZA offers a low-cost business license package with a flexi-desk and shared office setup for the investors. The business license cost starts from AED 17,300 for setting up a One Visa Quota company in the Free Zone

IFZA Dubai offers the perfect platform for start-ups to thrive. The business infrastructure, virtual events, Free Zone Authority support, business ecosystem are all ideal for the start-ups to grow.

The straightforward company formation process, faster UAE residence visa process, Dubai Address, proximity to Business Centers of UAE, etc., are add-ons for the popularity of this Free Zone among start-ups and entrepreneurs.

2. DMCC – Dubai Multi Commodities Centre

DMCC Dubai offers cost-effective business setup packages for investors. There are approved Co-Working spaces in DMCC Free Zone that investors can sign up with after receiving the business license from the Free Zone.

Read more: DMCC Business Setup Packages

3. Dubai Airport Free Zone Authority

Dubai Airport Free Zone Authority (DAFZA) is the most prestigious Free Trade Zone in the UAE. Globally investors are looking at establishing a company in Dubai Free Zone for experiencing the host of business benefits the Free Zone is offering for the investors.

The prestigious Dubai Address, access to world-class business infrastructure, being part of a niche business network, etc., makes Dubai Airport Free Zone the first choice for global investors.

There are Flexi-Desk and Shared offices available for entrepreneurs to kick-start their business activities. They can later expand to a full-fledged office space in the Free Zone.

Co-Working Spaces in Sharjah Free Zones

Following are a few of the Free Trade Zones in Sharjah that offer Co-working Spaces for investors at competitive prices and top-class facilities. Connect with our expert team to know more about the process of obtaining a Co-working Space in UAE for your company.

1. Sharjah Media City

The Sharjah Media City (SHAMS) is a dynamic Free Trade Zone offering start-ups cost-effective business setup packages.

To start a consultancy company, the Free Zone business license package starts from as low as AED 9,200 for a Zero visa quota. It offers a wide range of business activities and business infrastructure for entrepreneurs to easily set up and scale up their business ventures.

Sharjah Media City also offers affordable media as well as trading licenses. A Freelance Permit can be obtained for a special discount package of AED 5750 with a Zero visa quota.

Also, the Flexi-Desk office spaces can be availed for a monthly rate or pay-as-you-go basis.

2. Sharjah Publishing City

Sharjah Publishing City is another newly formed Free Zone in the Emirate of Sharjah. It offers special business license packages for entrepreneurs to easily scale up their business by keeping the company setup cost low.

Investors can obtain a trade license from SPC Free Zone for a cost of AED 5,750 for a Zero Visa Quota company. Entrepreneurs can upgrade to business license packages with visa quotas and fully furnished office types accordingly to their business requirements.

From Flexi-Desk to Executive offices, the Free Zone offers investors several kinds of office spaces and business support services.

In conclusion, the Co-working Spaces in UAE are receiving great traction among entrepreneurs for their low cost. It is the perfect option for an investor who is beginning company operations in the country.

Also, the cost of a Co-Working Space is generally lower than a full-fledged office space. Hence Entrepreneurs prefer a Co-working space and start working there initially and take a full-fledged office as they expand.

To know more about Freelance business licenses, and co-working spaces in UAE, connect with our expert business consultants right away!

The post How to get a Co-Working Spaces in UAE Free Zones? appeared first on AURION.

The Visa cost for an investor/ employee in Sharjah based Free Zones range from Approx. 3,500 to 4000 AED. The 100% foreign ownership, no income tax and corporate tax, full profit repatriation, favorable business environment, etc., makes Dubai a perfect choice for business investment and establishing a company.

There are many cheapest residence visa options available across the Free Zones of UAE. There are a few special offers where one residence visa cost is waived off too. Taking the cheapest residence visa in UAE will help investors to keep the overall business setup cost low.

Types of UAE Residence Visa for Expatriates

There are many ways in Dubai to obtain a residence Visa. Following are few resident visa options that ex-pats can avail of themselves in the UAE.

1. Free Zone Business License

The easiest way to get a residence visa in UAE is by starting a small business by obtaining a single visa quota business license from anyone Free Zone in UAE.

The Free Zones in UAE offer virtual business licenses to investors with Flexi-desk, and co-working spaces for conducting their desired business activity through obtaining the business license.

The Free Zones in UAE are a vital part of economic growth. It is a secured business jurisdiction and offers UAE residence for company owners, and employees under a company registered in the respective Free Zone as well as provides all required infrastructure facilities for the business to thrive.

2. Mainland Company License

For investors aiming to venture into the mainland of UAE and actively expand their local business, a mainland company license is the right choice. Start a Limited Liability Company in the mainland of Dubai, take an investor visa, and sponsor employees and thrive the business.

Mainland business has many advantages for investors. With 100% ownership for expatriates, easy bank account opening, lower rental expenses, flexibility to expand, etc., LLC Company formation is one of the investor’s favorite choices.

3. Freelance Permit

For young entrepreneurs who want to start their business for the first time or try out the UAE market before going full-fledged by opening a company, getting a Freelance Permit is an ideal choice. It is a type of self-employment visa as the Freelancer is all on his own when it comes to conducting business activities.

There are few Free Zones in UAE that offer Freelance Permits for various business activities. The Freelance Permit will be issued for a person and it won’t be a company. The Self Employment Visa will be available from the respective Free Zone for the entrepreneur. The Self Employment Visa will be for two years (renewable) sponsored by the respective Free Zone.

Using the Freelance Permit, the person can take up projects for the specified business activity in the permit. They can also apply for a UAE residence visa and sponsor dependents for 2 years which is renewable.

Some Free Zones in the UAE offer affordable Freelance Permits that freelancers can apply easily.

Freelance Permits from SHAMS free zone start at AED 5,740. Similarly, there are other Free Zones such as Ajman Free Zone, Umm Al Quwain Free Zone, etc., that offer Freelance Permits at an affordable free for entrepreneurs.

4. Golden Visa

UAE has announced full-fledged long-term visas for expatriates to continue their tenure and contribute to the economy by being in the UAE.

It is also aimed at retaining the best talent in the UAE and generating more business opportunities and business growth. The Long-term residence Visa is not tied up to an employee as the sponsor and the individual will have a 5 to 10-year visa in UAE that is subject to renewal.

The Golden Visa will enable significant foreign investment from global investors who are aiming to make Dubai their home for the long term and will boost the economic outlook.

The strategic industries of UAE such as tourism, real estate, commercial, etc., will get talented employees, more foreign investment, and achieve business growth through long-term golden visas.

5. Green Visa

To further strengthen the economy, create more job opportunities, and retain global talent in UAE, the Government has introduced the Green Visa. There are a lot of benefits in terms of visa rules such as:

• Staying in UAE without a job for 3 to 6 months
• Self-employed people can sponsor themselves and family without the need of an employer
• Sponsor parents and children up to the age of 25, and more.

The recent amendments in the UAE residence laws are for encouraging the expatriates to stay in the UAE and contribute more to the economy. UAE has launched numerous residence visas and other supportive programs for expatriates to easily live, work, and study in UAE along with the family.

6. Property Investment

The real estate market in UAE is very mature with numerous projects read to occupy in various prime locations of UAE.

UAE has a wide range of properties available ranging from affordable to luxury penthouses. With the long-term residence visa and property visas tied up to the property purchase in UAE, the real estate market in UAE is witnessing a major growth prospect.

As per latest update, any one who have purchased a property worth AED 2 million in Loan, Mortgage, or EMI can now apply for Golden Visa. There is no minimum down payment requirement of AED 1 million, the investor will receive a 10-year visa and be able to sponsor dependents too.

The investor must get an NOC from the Developer or the Bank and submit along with the few documents for processing their Golden Visa. Expert Business Consultants such as AURION will guide you through the process seamlessly.

To know more read: Property Visa in UAE

7. Employment Visa

Getting employed in the UAE will entitle you to a UAE resident visa under the sponsorship of the employer. For a first-time visitor to UAE getting on employment, the pathway is ideal to get UAE market experience and later venture into setting up a company for themselves.

Along with the above-stated residence visa, under the new development plan and promoting ex-pat living in UAE, there are retirement visa, special work permits for teenagers, residence visa extensions for widowers for up to 1 year, employment visas holding up to 6months, and more.

The Job Loss Insurance scheme is a new scheme launched by the UAE Government to support the employees incase of a job loss. It is an insurance scheme where a very nominal premium is paid by the employee monthly to the insurance scheme, and they can avail of the benefits during an instance of job loss.

What is UID Number?

The unified Number (UID) is a 6-digit code that can be found on the entry stamp on the last page of the passport or on the visa sticker. Without a UID Number, one cannot complete the application for Emirates ID.

A UID number is a 9-15 digit unique number that gets assigned to a visitor or tourist or resident. The UID numbers are issued by the General Directory of Residency and Foreign Affairs (GDRFA). UID remains the same even if you change your visa or status from tourist to resident.

It is a permanent unified identity number. UID is located on the visa page right above the file number. Many expats are not aware of the codes and numbers on their residence visa page

How to Check UID Number Online?

UID numbers can be verified online by visiting the GDRFA website. From the home page click on e-Services and click on ‘Find my UID’.

Provide the passport number, nationality, date of birth, and other information required, and click on the submit button. The webpage will provide you with the UID Number.

In case you are unable to obtain the UID Number online, visit the GDRFA main center in Al Jaflilya, Bur Dubai, or Dubai International Airport Terminal 3. They can issue the UID number for you after reviewing the request.

How to Merge UID Numbers?

There could be instances where one applicant will be having multiple UID numbers. It is mostly caused due to system errors but could affect your resident visa processing.

Hence, in such cases, the multiple UIDs must be merged into a single UID Number by raising the request for the merging. It will clear the immigration records and only one UID will be active for the applicant.

Follow the below steps to merge the UID numbers

• Visit the immigration office in UAE – GDRFA – Al Jafliya, Bur Dubai
• Submit the required documents – Passport copy, entry visa copy ( if any)
• Old, expired, or canceled visa page in passport and copies – for reference purposes
• After submitting the documents for review, the authorities at GDRFA will provide you with the updated UID number that you can use for your new residence visa application, Emirates ID, etc.

So in conclusion, UAE is becoming a family-friendly and expat-friendly location with ample facilities and infrastructure to power businesses of any scale and retain global talent within UAE and boost growth prospects.

To know more about UAE Residence visas and the process of applying, talk to our expert business consultants right away!

The post How to Apply for Residence Visa in UAE – Types of UAE Residence Visa Explained appeared first on AURION.

There are more than 45 Free Trade Zones in UAE that offer customized and cost-effective packages for entrepreneurs to start their dream company.

Visa Sponsorship – Sponsoring Dependents in UAE

An employee in UAE other than domestic workers can sponsor their immediate family, wife, and children with a minimum salary of AED 4,000 or AED 3000 plus accommodation.

Irrespective of the job functionality or position held, as far as the employee has a valid UAE residence visa, they can sponsor the dependents.

Female Sponsoring the Dependents in UAE

For female residents to sponsor their family there are few criteria to be followed. They must be holding a valid UAE Residence Visa and must be in any of the following professions – engineers, doctors, teachers, medical sector, or others (Special approval required).

Also, the female sponsor must have a monthly income of AED 10,000 or AED 8,000 + accommodation. For women in other categories must have a monthly salary of AED 10,000 and must get special approval from the General Directorate of Residency and Foreigners Affairs (GDRFA).

Sponsoring Parents in UAE

To sponsor parents one must earn a minimum salary of AED 20,000 or a monthly pay of AED 19,000 plus a two-bedroom accommodation. Also, a medical insurance policy with minimum coverage is stipulated for each.

The visa issued is valid for one year and would be required to apply for renewal after the period. The sponsorship of parents is for both the parents and cannot bring only one parent under the sponsorship.

Sponsoring Single Parent

In the case of single-parent. the related official document as a justification to sponsor must be provided to the authority as required.

There are special approvals required from the GDRFA if the sponsor is a son or daughter-in-law of the parents. A Kinship certificate and other different documentation would be required accordingly.

Residence Visa for Children Sponsored by Parents

There are amendments made to the residence visas for 18-year-old sons sponsored by their parents (until the age of 21).

Under the new rule, the ex-pats can apply for a renewable one-year residence visa for their son. There is no deposit amount required for applying for the visa for the children. For a girl child, the parents can sponsor them until they get married.

Long Term Residence Visa Rules – Golden Visas

The 5-years and 10-years Golden visas have changed the residence status of UAE into a long-term destination for ex-pats. Also, with the retirement visas, UAE is becoming a family-friendly location for the ex-pat to work, live, study, and settle for the long term.

To know more read about Golden Visas in UAE – How to Apply and Eligibility Criteria  

Documents Required and Visa Fees

• Passport copy (in color) valid for six month
• Original Emirates ID
• Dependent Passport copy and color photograph (white background recent picture)
• House Rental Contract showing the minimum requirement for Sponsoring wife/children/parents accordingly
• Electricity bill copy
• Labour contract or salary certificate
• Bank Statement for sponsoring parents
• Mobile number, email id, and P.O Box (if any)
• Birth certificate – (for a newborn), Marriage Certificate Attested and Legal Translate (Arabic) for Spouse Sponsorship

Sponsorship Visa Fee

• File Opening – AED 280
• Entry Permit – AED 530
• Medical Fitness Test – AED 345
• Emirates ID (2-Year Fee) – AED 270
• Visa Stamping – AED 400 (Normal), AED 480 (Urgent)
• Change status – AED 1,330 AED

**Actual Rates May Vary please contact us for precise rates

New Visa Rules and Effect on Property Market

With the expat-friendly residency rule amendments, it is anticipated that the property market will see a long-term revival.

More ex-pats will bring in their dependents and the residential apartments will have higher occupancy rates.

Also, it is expected to be a boost to the purchase of freehold properties in UAE by the middle and high-income ex-pat population who will be settling in AUE for a longer-term.

Company Formation and UAE Residence Visa

Company formation in UAE is a straightforward way towards obtaining a residence visa in UAE. The company owner will get an investor visa for 2 years from the mainland or free zones of UAE.

Setting up a company in UAE is easy with the Free Zones due to the quick and reliable business support and infrastructure facilities offered.

Also, the investor can benefit from umpteen business benefits and sponsor their family in UAE. UAE is the perfect location for expanding business internationally as it a hub for trade and commerce.

To know more about the latest Company Formation Packages from UAE Free Zones, talk to our expert Business Consultants right away!

Contact Us: Aurion Business Consultants

The post How to Sponsor Dependents in UAE? – Live, Work, Study & Settle in UAE with Family appeared first on AURION.

UAE is a major logistics hub and a trade center. It facilitates import-export to more than 180 countries across the world.

UAE – The ideal location for Heavy Equipment Trading

Also, UAE’s economy is driven by the growth in the construction, real estate, tourism, and infrastructure sector.

So, there is a growing local demand for Heavy Equipment Trading in the region.

The well-connected shipping lines and airline routes have made UAE the best choice for setting up heavy equipment machinery trading and setting up a manufacturing center with a global distribution network in the region.

Heavy Equipment & Machinery Rentals – A Sub Category

Heavy Equipment & Machinery rental is a booming sub-category in UAE due to the growing demand for heavy equipment in the field of construction.

The construction sector in UAE is vast and there is a constant requirement for heavy equipment such as cranes, heavy-duty trucks, concrete mixers, etc.

The industrial and commercial sector is another sector where the heavy equipment requirement is growing. Large manufacturing plants and warehouse licenses in UAE are in high demand to meet the local business requirements.

Advantages of Starting a Heavy Equipment Rental Business

Heavy Equipment & Machinery purchases require a huge investment and easily it can go up to a few 100,000 dollars.

So, to complement the primary business activity, starting a heavy equipment rental business could help the Heavy Equipment Trading Company to expand their service offering.

Customers who do not want to spend too much money on buying the product can instead use them as rentals for a fee per hour/ per project contract accordingly.

Also, renting used heavy equipment & machinery can further help in growing the business and keeping the initial investment lower than purchasing new equipment and selling it or renting it out.

Industry Demand for Heavy Equipment Trading

So, equipment like forklifts, refrigerators, and other industrial machinery would be required in large numbers to meet the industrial requirements in the region.

Now with Expo 2020 on the onset, the real estate, tourism, and infrastructural facilities in UAE are getting a major enhancement to handle a large number of visitors coming into UAE.

This is a major boost to the heavy equipment machinery trading as the demand for the equipment is  at sky-high

Key Business Activities – Heavy Equipment Trading

Under the Heavy Equipment Trading, there is a various specific business activity that investors can venture into depending on their requirements.

• Heavy-duty refrigeration units for cold storages and warehouses
• Air Purifiers, Filters & AC Duct Cleaning Equipment
• Metal Cutting and Forming
• Food & Beverages Processing, Cleaning, and Sorting
• Tobacco Processing
• Textile Apparels & Leather Productions
• Lifts & Escalators Installation
• Automobile Washing Equipment
• Electric Generators, Switchgears,
• Water Pumping, Sewage Treatment, Boilers.
• and more

Setting up a Heavy Equipment Trading Company in UAE

In UAE there are few company structures available to set up a Heavy Equipment Trading Company. The major ones are the below

1. Limited Liability Company

2. Sole Establishments

3. Civil Company

4. Trading License from Free Zone 

Limited Liability Company

As Heavy Equipment & Machinery Trading is a highly capital-intensive business sector, registering a limited liability company in UAE is beneficial to the investor to separate the company liabilities from personal wealth.

For a heavy equipment machinery Trading license in Dubai, the cost is approx. AED 25,000. The steps in setting up a Heavy equipment trading company are similar to any other company.

Read more: Finding a Local Sponsor for an LLC Company Setup

Sole Establishment and Civil Company

In the mainland of UAE, there are two more options to set up a Heavy Machinery Trading Company. In the case of Sole Establishment and Civil Work Company, there is no requirement of a UAE National Sponsor for setting up the company.

However, a local Service Agent is required to be appointed as the contact person for the company and the contract has to be submitted to the authorities to get the business license issued.

Heavy Equipment Trading License from Free Zone

Obtaining the Trading License from Free Zone for a Heavy Equipment License is a favorable option to keep the business setup cost low.

Various Free Zones in UAE offer the specialized Business License Types and the perfect infrastructure support for heavy equipment trading at a cost-effective fee in the region.

Investors can choose the Free Zone based on their exact business requirements, office space, and budget.

Our expert Business Consultants will assist you in choosing the right Free Zone for setting up your heavy Equipment Trading business in the most comfortable way in UAE.

Connect with our expert team to know more!

Contact: Aurion Business Consultants

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For setting up a Special Purpose Vehicle in ADGM Free Zone the investor must have a connection with UAE and able to provide documentary evidence of the same.

ADGM Special Purpose Vehicles – Key Highlights

The entities in the UAE must be owned or controlled by a UAE or GCC-based private company, family, family office, or individual.

The entities must be located in UAE or the GCC region and must be involved in transactions connected to trade, services, any activity with a real economic benefit to UAE.

The Registration Authority (RA) in ADGM is an independent body with the power to license and register all ADGM entities.

Establishing a Special Purpose Vehicle (SPV) Company in ADGM

Establishing a Special Purpose Vehicle (SPV) and all non-operational entities are easy and quick with a simplified process in ADGM.

ADGM’s SPV focuses on a broad range of categories across business types, industry sector. Corporates, sovereign wealth funds government-related entities, single-family offices, trustees, and individual investors can apply for an SPV.

SPV can be established as a subsidiary, project, or joint ventures. It acts as a separate legal entity and claims by SPV’s creditor are not attached to the shareholders or sister companies under the SPV.

The advantage with SPV is only the assets associated with the project are exposed to liabilities thereby safeguarding shareholders and organizations by mitigating risks with creditors.

Advantages of Registering for an SPV from ADGM

• The fully digital Registration process with easy-to-use portal access for document submission and fee payment
• Cost-effective business setup package – ADGM offers a transparent and affordable company formation package with a choice of a wide range of business activities for the investors
• No physical office requirement, the agent/corporate service provider is authorized to manage the SPV and provide the registered office address
• Common-Law jurisdiction & independent ADGM Courts
• Best-in-class independent regulatory framework
• Access to broad UAE Double Tax Treaty Network
• Variety of legal structures available

Typical Uses for SPVs

1. Securitization

An SPV can be used to securitize loans (or other receivables) by purchasing these assets by issuing debt. which is secured on these underlying assets.

It ensures that the holders of these asset-backed securities will receive priority in receiving the payment on the debt and limited recourse to the originator of the assets.

2. Real Estate Investment

SPV can be used to acquire real estate and limit the recourse of mortgage lenders depending on the location of the asset.

In some countries, the sale of an SPVs share can result in low taxes and transaction fees that transferring the asset as a whole.

3. Financing

It can be used to safeguard investments, permitting financing without increasing debt levels for the parent company, or exposing the parent’s assets to cross-liabilities.

4. Asset Transfer

It is used to transfer assets along with material agreements that may permit the transfer of parts of the ownership of the enterprise. It helps in maintaining the value of the assets for the long term.

5. Risk Sharing

It can be used for Project Companies to form Joint Ventures. The management responsibility will be shared by the companies while legally isolating the joint venture partners from the risks associated with the venture.

6. Raising Capital

An SPV can be used to raise capital at favorable rates in certain situations, with creditworthiness determined by the available collateral of the SPV and not the credit rating of the parent company

7. Intellectual Property

An SPV can be used to separate a valuable IP into a standalone SPV that has minimal liabilities and can be used to raise funds and enter into license agreements with third-party. It can also assist in managing products with a variety of IP components.

Steps to Apply for ADGM SPV Business License

The ADGM SPV company registration is through a fully digital platform governed by the ADGM Free Zone. Companies and individuals can take the assistance of expert business consultants to assist with the setup.

Also, as you proceed with a registered agent there is no requirement of leasing a physical office in ADGM. The registered office address of the registered agent will be your SPV License address.

Simplified Process for Setting Up an SPV Company in ADGM

ADGM has a simplified documentation process with minimum paperwork.

The application completion, document submission, fee payment, all are executed through the online portal simplifying the company registration process.

The notification of the progress will be emailed to the registered email address.

Once the assessment of documents is done, and fee payment is updated, the license for the SPV company (soft copy) will be issued via the link in the email.

The request for setting up an appointment to collect all the original documentation submitted as well as the business license.

SPV Application Documentation Requirements

• Articles of Association
• Registered Office Address
• Copy of Resolution of Board of Directors or Shareholders
• Copy of Passport Information and Signature page
• Copy of UAE Visa Page
• Copy of Emirates ID
• Certificate of Incorporation/ Registration

Interested in Company Formation at ADGM and how to set up a Company as an SPV, get in touch with our expert Business Consultants right away!

Contact Us: Aurion Business Consultants

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Why is the UAE the Right Choice for Setting Up a Logistics Company?

The strategic location of UAE coupled with Government support and initiatives towards promoting trade locally and internationally has transformed the region into a trade hub of the world.

UAE is an international transit hub and an intermediary stop point for international trade across the world. It has a robust logistics support system, warehouse facilities, a dedicated zone for handling large cargos, and many more.

How to Start a Logistics Company in UAE?

UAE is home to a bunch of international trading companies as well as numerous local entrepreneurs in the field of Logistics and trade operations. As a new business venture in the trade and logistics segment, the company must be bringing in innovation or an advanced business model to strive through the intense competition in the segment.

However, despite the competition, there is a vast opportunity in the field of logistics and distribution. Often large companies in the logistics segment only work with higher quantity and premium service fee, low cost providers might lack in customer service and technology-driven strategic implementations.

Entrepreneurs with a fair knowledge of the UAE market segment and customer preference will succeed in launching their business venture easily in UAE

Ideal Free Zones for opening a Logistics Company in UAE

Each Free Zone in UAE has distinct benefits and based on investor requirements the right Free Zone Business Setup Package is to be chosen. Aurion will assist you in picking the right choice for your business by assessing your precise business requirements.

Note: The list of Free Zones included below is not an exhaustive list, there are more than 45 Free Zones in UAE and most of the Free Zones offer business License for the activities under the Logistics sector.

The below list of Free Zones is curated based on the business benefits for the investors of a logistics company by setting up their business in the below Free Zones.

1. Dubai Airport Free Zone

Dubai Airport Free Zone is the world’s top Free Zone offering attractive company formation packages to the global investors. Dubai Airport Free Zone is the ideal choice for setting up a logistics company due to the enormous business benefits offered by the Free Zone.

Dubai Airport Free Zone – Key Highlights

The proximity to one of the world’s busiest airport makes it easy for trading and logistics companies to handle the Air Cargo Shipments at reduced transportation cost and handling fees.

The Free Zone offers custom-build warehousing facilities and light manufacturing & assembling units starting from 350Sq.m onwards with an office space and 30 employee visas.

The 0% import duty on all imports to Free Zone, Zero Taxation policies, and 100% foreign ownership are the highlights for foreign companies considering this Free Zone as the final choice.

Also, the easy company setup, UAE residence visa processing, bank account opening, and the prestigious Dubai Address is the additional benefits for the entrepreneurs.

2. Sharjah Airport International Free Zone

The Sharjah Airport International Free Zone is a reputed Free Zone in the emirates of Sharjah. The proximity to the Sharjah International Airport and the Khalid Sea Port makes this Free Zone the right Launchpad for logistics and trading companies aiming at local, GCC, and International Markets.

The company formation in SAIF Zone is relatively easy with minimum paperwork. The Free Zone also offers custom-build warehouses, land of warehouse/manufacturing units, as well as customized office spaces.

To know more about the warehouse specifications in the Sharjah Airport Free Zone, enquire with our experts!

3. Dubai South Free Zone

Dubai South Free Zone is the fastest growing Free Trade Zone and a preferred logistics hub in Dubai.

Dubai South specifically caters to logistics and trading companies by offering state of the art warehouses of customizable sizes to suit a wide range of requirements from the entrepreneurs.

With easy access to the Jebel Ali Port through a special logistics corridor and the Al Maktoum International Airport (DWC), the Free Zone is transforming the logistics and distribution network in UAE.

How to Setup a Logistics Company in Dubai South?

The Dubai South Free Zone offers numerous business setup packages for investors by following simple steps. Taking the assistance of expert Business Consultants will make the company registration process hassle-free.

Steps in Setting Up a Logistics Company in Dubai South Free Zone

• Prepare the application form for the initial approval
• Choose the right trade name and get the approval
• Choose the right business setup package (License type, office space, office type) – Aurion will assist you here in choosing the right company setup package)
• Prepare the documentation (shareholder resolution, passport copy, business plan) and submit the relevant documents for the company registration
• Pay the required fee and obtain the business license post-approval of the documents
• Also, obtain the company documents such as the incorporation certificate, special approvals (if any)
• Proceed to apply the UAE Residence Visa and Bank Account opening

So, in a nutshell, UAE is the perfect location for establishing a logistics company and easily scale up by tapping into the growing business opportunities in the region.

Here are few more choices of Free Zones for Setting up a Logistics Company in UAE, watch the full video!

There are numerous small and big trading companies and a growing consumer base in UAE. Logistics and distribution companies are the means to connect these suppliers/manufacturers with the end-consumer.

Those companies that provide exceptional service will get positive customer feedback and will be able to scale up easily with a growing number of order fulfilments.

To know more about Starting a Logistics Company in UAE, talk to our Expert Team right away!

Read more about “Tips for Setting up a Trading, Logistics, or Supply Chain Company in Dubai” and Import export licenses in UAE.

The post How to open a Logistics Company in UAE? appeared first on AURION.

It is well connected and is one of the major trade lines to international markets and connecting to India, Iran, and the Rest of Asia.

Fujairah – A Growing Trade Hub of UAE

Fujairah is a perfect location for large industries like Petroleum, Natural Gas, Energy. It has grown into a busy trading hub as the port handles a significant amount of Cargo daily.

On the business infrastructure front, Fujairah is a popular choice among foreign investors.

Especially among the international traders (foreign investors) as the cost of cargo handling, storage, and warehousing facilities are far lesser than in Dubai.

Popular Company Setup Structure in Fujairah

The companies in Fujairah are categorized into majorly two company formation structures that are:

1. Mainland LLC Company Setup
2. Free Zones in Fujairah (Free Zone Establishment, Free Zone Company, Free Zone LLC)

1. Mainland LLC Company Setup in Fujairah

To set up a Mainland Limited Liability Company in Fujairah, there is a requirement of a minimum of two shareholders and a UAE National Sponsor.

The name approval for the business has to be obtained from the Fujairah Municipality.

Followed by that, submit the required documents such as shareholder agreement, passport copy, any required approvals (for few industries) from the ministry or departments.

The required fees for the license must be paid to the Fujairah Municipality to receive the company documents and the license.

 LLC Company Setup in Fujairah is the best fit for small scale trading companies, retail stores, distributors, etc.

2. Free Zones in Fujairah

Free Zones in Fujairah significantly contribute to the growth of the economy in Fujairah.

There is a rise in new company registration in the Free Zones due to the wide range of investor benefits and the business-friendly government policies.

The most popular Free Zone in Fujairah is the International Free Zone Authority. It offers affordable Business License Packages for investors in the UAE.

To add to the Free Zone ecosystem, there is the Fujairah Free Zone and the Fujairah Creative City Free Zone.

1. Fujairah Free Zone

Fujairah Free Zone is another Free Trade Zone located adjacent to the Fujairah Port and a major destination for trading companies.

The Fujairah Free Zone offers a wide range of business amenities and infrastructure support for entrepreneurs ranging from share office spaces to customized warehouse facilities.

Reach out to our team to know more about Fujairah Free Zone.

2. Fujairah Creative City

Fujairah Creative City is a popular free zone for media and entertainment companies.

It offers exceptional infrastructure and customized business license packages for entrepreneurs in the field of media, events, education, communication, etc.

To know more, read: Company Setup in Creative City Free Zone

Popular Business License Types in Fujairah Free Zones

1. Trading & General Trading License

Investors intending to initiate import, export, re-export activities from UAE to international markets must apply for the Trading License.

Depending on their products and nature of the business activity, the specific trading license can be applied for from the Free Zone Authorities.

2. Warehouse License

To lease Warehouse facilities for storage, distribution, packaging, etc., the investor must obtain the Warehouse License.

There is a wide range of customizable warehouses available in the Free Zone premises of Fujairah. Also, there is land for lease options available to build your warehouse at the Free Zone premises.

3. Manufacturing License

To implement a large manufacturing project, there are special licenses available with the Free Zones. However, it requires a lot of approvals for obtaining a manufacturing license in Fujairah.

Following specifications must be submitted to the Free Zone authorities to assess the feasibility

• The area requirements – built-up and open space
• Electricity water, and manpower requirements
• Environmental aspects of the project, etc.

4. Services License

The Free zones in Fujairah offer service license for accounting firms, law firms, individual PR actioners, marketing companies, consultancies, etc., to conduct business legally in the UAE.

Company Formation Requirements in Fujairah Free Zone

• Application Form for the Free Zone Company Setup
• Business Plan and Feasibility Study of the Project
• Permission from concerned authorities or departments
• Memorandum and Articles of Association of the Company (Our Team will assist you with the documentation)
• Share Contribution Certificate issued by the local UAE Bank
• Auditor’s Certificate for Shares

Why Setup Company in Fujairah Free Zone?

The Fujairah Free Zones provide the required business infrastructure and a platform for comfortable operation of international business.

• The strategic location with a busy seaport, airport, and well-connected road
• Easy access to international markets and growing business ecosystem
• Business-friendly government policies, legal framework, and business support
• The growing tourism sector in the local market
• Advanced infrastructure, office facilities, warehouse support
• No NOC Letter, No physical presence of shareholders, or Audit report requirements for company setup
• 3-year visa for investor, employees and dependents ay affordable cost
• Low-cost business setup compared to other Free Zones in Dubai
• 100 % foreign sponsorship, the exemption for import/export duties, and full repatriation of capital/profits

To know more about the business opportunities in Fujairah and low-cost company setup packages, talk to our expert business team right away!

Contact: Aurion Business Consultants

The post Business Setup in Fujairah – Company Formation Options appeared first on AURION.

Free Zones create a perfect launchpad for entrepreneurs with world-class infrastructure. The country’s SME and eGovernance speed up company formation.

New Company Registrations are on a Spike

Cheaper company set-up costs, robust banking networks, access to a big pool of talent, etc., are driving more business registrations in the region.

Aspiring businessmen can easily form a start-up and test the market here. There are immense business opportunities in the region due to the strategic location, growing population, and huge volumes of trade activities.

Why Should You Setup Your Business in the UAE?

Here are a few reasons why you should Setup your Business in the UAE right away.

1. Easing Complexity

Company Formation can become quite a lengthy process with a long list of documentation, legal requirements, processing of resident visas, business license registrations, and so on. However, expert business consultants will ease the burden of the complexity of setting up the company in UAE.

Also, the UAE Government has introduced several initiatives to speed up the Company Formation process and to improve the ease of doing business in the region. UAE aims to facilitate entrepreneurs and foreign investors with cost-effective business packages based on their exact requirements.

2. Wide Range of Business Setup Package

There are umpteen opportunities available for start-ups or entrepreneurs in the UAE. The Free Zones offer attractive packages custom made for all business activities.

Depending on the investor’s business background, expertise, office requirements, nature of the business, budget, the Free Zones of UAE has tailor-made Company Setup options.

Low-Cost Company Formation Packages from Free Zones

Ranging from Zero visas to multiple visa quotas, unfurnished to fully furnished offices, warehouse facility, various business license types, you name it the free zones of UAE has it all.

It is advisable to have Expert business advice to ensure you make the right choice. Business Setup is a long term commitment, the setting up process must be done right by complying with UAE business laws and meeting all approvals and clearances.

3. Attractive Low-Cost Packages & Incentives to Promote Trade

It will ensure smooth business operations and achieve sustainability easily. With the onset of a pandemic, and to support the businesses and entrepreneurs, the Free Zones are launching cost-effective company setup packages at an all-time low fee.

Also, the Free Zones of UAE have launched stimulus packages, rent waivers, multi-year license packages, E-channel fee waivers, free lifetime residence visas, etc., to promote entrepreneurs, sustain trade and revive the economy faster.

4. Huge Pool of Talent Available

With the pandemic, a lot of experienced employees in the UAE have lost their jobs, there is a huge pool of talented and experienced workforce readily available in the country.

Businesses can take advantage of this workforce and scale up easily by expanding to new fields such as customer service, IT support, design, etc.

5. World-Class Infrastructure and robust Business Ecosystem

UAE has solid infrastructure support for the start-ups to flourish. The new regulatory frameworks, increased government support, funding support, banking, partnerships, etc., are driving the business setup in the region.

UAE has got the world-best business infrastructure to support start-up growth. Starting from co-working spaces, shared offices to startup accelerators, funding platforms, and software testing centers, etc.; every support system for business is available here.

6. Zero Taxation Policy

UAE has a Zero Taxation Policy as there is no Corporate or Income Tax. A 5% VAT is the only payable tax in the region.

For business and foreign investors from high tax paying countries, this is of great advantage to hedge their investments and profit returns from UAE business operations.

Tax Residency Certificate and Tax Savings

UAE residents can leverage the benefits of the Double Taxation Avoidance Agreement by applying for a Tax Residency Certificate and save tax in their home country. Also, the Free Zones of UAE has more business incentives, i.e. there are few VAT Free Zones, and doing business within these Zones is subjected to Zero VAT payments.

Similarly, any import to Free Zones is cleared off by Customs without paying the Customs Duty. Adding up all these, foreign investors prefer UAE Free Zones for setting up their business. Considering the present scenario, the company formation cost at all UAE Free Zones stands at an all-time low fee.

There is no better time than this to realize your dreams of setting up a company in UAE seamlessly at the lowest cost.

7. 100% Foreign Ownership

UAE Free Zones have a major advantage in terms of enabling 100% foreign ownership. It makes the Free Zones one of the most sought after jurisdiction among foreign investors.

Along with the 100% foreign ownership, there are umpteen other business benefits for the investor owning a Free Zone company, they are as follows:

• 100% profit repatriation and share capital transfer
• No customs duty for imports to the Free Zones
• Quick & Easy business setup
• Easy access to the Airports & Seaports of UAE
• Top-class infrastructure and amenities
• Customized office space and warehouse facilities
• Audit report requirement is optional to most of the Free Zones
• many more…

8. Exceptional Networking Opportunities

UAE has enormous networking opportunities for investors to find new connections. Business owners can gain a lot of insights by interacting with likeminded people. There are a lot of networking events, resource centers, knowledge hubs, etc., in UAE to support your entrepreneurial journey.

Thus, in a nutshell, UAE is constantly evolving and immense business opportunities are arising out here across various industry sectors. Going by the robust business ecosystem and future growth prospects on setting up your business in UAE, there is no other best time to start.

Get in touch with an expert Business Consultant like Aurion and turn your dream of forming a company into a reality quickly.

Read more about “What do new entrepreneurs/investors need to know about Company Setup in UAE“!

The post Why it is the Best Time to Start a Business in UAE? appeared first on AURION.

With the pandemic, distant learning and digitally focused learning has become mainstream. The World Economic Forum suggests that demand for technology skills will continue to grow by 20% by 2025.

Growing Technology Investments in the Education Sector of the UAE

The tech-savvy generation is highly dependent on technology and devices to fulfill their requirements. Even the educational sector has witnessed an increasing demand for technology. Innovative learning practices using Augmented Reality and other software applications is the trend now.

Technavio forecasts the education sector in the UAE to grow at a CAGR of 4.74% between 2018-2020.

How are the Future Schools Embracing Educational Technology?

1. Bridging Communication Gap

The modern education system aims at merging the communication gap between parents and teachers. Interactive apps and platforms enable busy parents to connect with teachers and view the performance of their kids on a periodic basis. It helps in providing required guidance and support to the children.

2. Re-Modeling the Classrooms

The traditional blackboard based teaching is bygone. Now it is the age of digital classrooms. The smart blackboard and activity board keeps kids engaged better.

Also, for professional education, there is an immense opportunity by bringing the internet to the classroom. The classroom is turned to a platform for solving real-world problems now with onsite consulting on technologies such as virtual reality and 3D printing.

3. Immersive Learning Experience

Virtual Reality is being widely used in educational institutions currently. It is estimated that the Global Virtual Reality Market in the Education Sector is to grow at a CAGR of 59% (2018-2022). Many universities have VR labs with applications for supporting medical students, robotics, etc., to conduct simulations, studies, and tests.  

4. Artificial Intelligence Backed Learning

Artificial Intelligence has a very huge opportunity in the education industry. AI is currently in the early phase of adoption in the classrooms. With the power of advanced analytics and AI, it will help in simplifying complex textbooks and guides into interactive smart content programs.

Also, analytics will help in identifying the kids’ liking, preferences, behavior, etc., and devise the right methods to make them actively participate in the classes. So, in a nutshell, there are immersive opportunities in the field of EdTech for entrepreneurs to conceptualize their startup ideas.

Immense Opportunity for EdTech Startup in UAE

There is an immense demand for interactive and custom content in the education sector ranging from kindergarten to professional colleges.

Comprehending information from academic books and research papers into engaging digital content is the current trend. There is a huge demand for applications and platforms that offer interactive, innovative content creation, and knowledge sharing.

Gamification increases student engagement and advanced analytics technology along with graphic design principles helps in creating platforms that will enable students to explore new concepts in an interesting way.

Digital Innovation and Technology Integration – Transforming Education System in UAE

Digital innovation and technology integration are key pillars that transform the current educational system.

The smart classroom consists of a wide range of technology solutions starting from:

• Connected Campuses
• Digital Student Records,
• Cyber Security Systems, Tablets, & Digital Collaboration Tools,
• High-Performance Research and Development Labs,
• Learning Experience Centers, etc.,

UAE is investing heavily in its education technology to bring in digital transformation in all schools and educational institutions.

How to start an Edtech startup in UAE?

As e-learning becomes the new-norm, schools and colleges are looking at interactive ways to engage the students digitally. The Edtech startups with engaging applications and software to support the online education scenario to make the sessions exciting.

Starting an EdTech company in UAE is relatively easy and follows the general company formation process. However, it requires additional approval from the Educational Department of the Emirates. For Example for EdTech company in Dubai requires approval from the Knowledge & Human Development Authority (KHDA) Dubai.

To know more, read: Starting an Education Training Centre in UAE

Dedicated Free Zones for EdTech Startups

For starting an EdTech company that supports educational institutions with smart classroom applications and products, the best choice is to go with any of the free zones of the UAE.

They offer customized all-inclusive low-cost license packages that includes company license, office space, other benefits, and access to world-class infrastructure.

The Mainland of UAE – Right for Training Centres

If the entrepreneur is interested in opening an EdTech company with a training facility, testing laboratories, and learning centers, then mainland of UAE would be the ideal choice as students can easily enter your premises.

Most of the Free Zones in the UAE are mostly gated and secure. It has the customs checkpoints and other strategic sectors at the premises that require security. Having said that, there are few free zones in UAE like the Sharjah Research Innovation and Technology Park, Dubai Knowledge Park, etc., that are dedicated to promoting educational activities in UAE.

Hence, the business prospects for an EdTech Startup is enormous in the UAE. To know more about starting and Educational Technology Startup in UAE, reach out to our expert team right away!

The post Education Technology Start-up in the UAE – Tackling the Growing Demand appeared first on AURION.