The Dubai Economy has recently issued the guidelines for 100 percent ownership for foreign investors started from the beginning of June 2021. These changes are expected to encourage foreign direct investment flows into the vital economic sectors of the country.
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About 50% of the companies registered in Dubai are startups and employ half of the city’s workforce. The UAE government are committed to transforming the country into a new testbed for startups and entrepreneurs to innovate and extend the possibilities of emerging technologies.
Dubai government has initiated efforts to make it easier and cheaper for freelancers to work and live. GoFreelance is an initiative by the TECOM group. This allows freelancers to work in tech, education, media and design sectors.
Most of the businesses in Dubai are started as sole proprietorship or LLC (Limited Liability Company). Which one might be the best choice for your business? Let’s dive into the difference between sole proprietorship vs LLC.