Dubai has now been one of the most favorable investment destinations and the major trigger this time is expo 2020. The event is going to get around millions of people to put down their ideas and innovations at one place to get the best for the future generations. With this event millions of entities and businesses has shifted in top gear and has accelerated their pace of work and planning. In fact people have started developing infrastructure. Commercial or residential infrastructure sector has seen growth in a considerable amount.
Dubai being a tax haven has always been a favorable business settlement destination along with its strategic location which is the major point of inclination as well. It takes around 7 hours to reach 2/3rd of the world from Dubai which makes it a favorite business setup destination.
So, now is the time to set up any kind of business in Dubai. You can contact business consultants to get the things on track along with the documentation process.
For business formation Dubai, you need a local sponsor, which is mandatory as per the law. However, the entity has to be a RERA certified local sponsor which is recommended by the government.
What is RERA certified local sponsor?
It is an entity which has been certified by the government that the person knows the laws, rules and regulations and hence can be granted a RERA certificate. This makes the entity eligible to be called as RERA certified local sponsor. For settling up a business in UAE, a local sponsor is compulsory.
For availing the services required you can contact business setup consultancy in Dubai who can assist and guide you in every possible way they can for the business setup related queries.
Business setup consultants can provide the services like:-
- Leasing or renting properties
- Buying or selling properties
- Other property deals of miscellaneous kinds
They also provide a local sponsor for real estate business setup in Dubai which is mandatory as per the emirates law. However, the entity has to be a RERA certified local sponsor- a person who have compete knowledge of rules and regulations of Dubai business setup.
Consultancies can also help you in the following areas:-
- Finding a RERA certified local sponsor
- Getting the approval from DED and other concerned agencies
- Dubai local estate sponsor who is co operative and has willingness to work
So, with the advent of EXPO 2020, Dubai is going to be a competitive investment destination along with tourist destination as well. Infrastructure has been changing and a lot is expected to get changed by 2020 in terms of business setup and infrastructure. Rates of the properties are going to get high with higher return on investment.