Gulfnews tells us that those who are willing to start a business (LLC, Limited liability company), do not have to cough op the 150.000 AED (40.000 USD). With the current economic situation, this is not a bad step at all.
More than 80 % of businesses in the UAE are LLC’s, so it’s a good step. Often, entrepreneurs were put off by setting up a business in the UAE, because of it’s rules and monetary requirements.
I hope this will result in a growth of entrepreneurship in the UAE.
October 19, 2009
its looks good
i must say that its an opportunity for those who believe that the can recover their cost and the cost is not so big
its a good opportunity for new entrants