Steps to landing in the UAE

The United Arab Emirates offers great opportunities for investment, as its government has created a great ecosystem in relation to the economy, based on legal regulations and taxes favourable to its development. This is reflected in the more than 150 Spanish companies that are already permanently established in the Gulf country. 

But what are the steps to open a company in the UAE? "The UAE government is providing the means to facilitate the entry of foreign investors, however, the initial procedures can be tedious and time-consuming. Having the right professional support and advice can make the process easier and faster. Access UAE was born with this vocation of service", says Borja Gervás, CEO of Access UAE.

In this context, to open a company in the UAE, first of all, a business plan must be defined, having a clear vision of the product or service to be marketed and the target audience to be addressed, carrying out a market study on purchasing habits, needs, spending capacity and geographical areas, as well as the competition, analysing risks and opportunities.

The next step is to choose the structure of the company and carry out the legal formalities such as: company registration and registration, licence application, visa processing, setting up corporate bank accounts, etc.

Once we have obtained the licence and the approval of all permits, we must physically establish the company and, if necessary, carry out the selection of personnel to attract the most suitable professional profiles, as well as carry out a search for reliable suppliers that meet our requirements. To this end, it is advisable to have a specialised advisor.

It is also very important to set objectives and a clear business development strategy that will enable rapid market penetration. It is recommended that these new companies make themselves known through marketing and public relations actions such as events and presentations that help to promote the brand.