Ambitious British businesses should consider expanding into the UAE to foster growth, according to Lord Mervyn Davies. The UAE offers a vibrant ecosystem with streamlined regulations and government incentives designed to support business expansion.
The UAE is actively promoting itself as a hub for international business growth, offering incentives and streamlined processes that could benefit companies seeking expansion beyond their domestic markets.
Lord Mervyn Davies is encouraging ambitious British businesses to explore growth opportunities in the United Arab Emirates. The UAE provides a supportive business environment with streamlined regulations and government incentives, as highlighted by initiatives like Dubai's D33 Agenda, which aims to double the economy by 2033.
Companies can establish a presence through mainland licenses or free zones, both offering 100% foreign ownership and full profit repatriation. Abu Dhabi, for instance, allows companies from other emirates to open branches without an immediate physical office requirement for the first year, subject to policy and approval.
Access to capital is facilitated through federal initiatives like the Scale Up Platform, development banks such as the Emirates Development Bank offering loans, and interest-free expansion loans from Abu Dhabi's Khalifa Fund. Alternative funding options include platforms like DubaiNEXT for equity or peer-to-peer loans. The Abu Dhabi Investment Office (ADIO) and sovereign wealth fund Mubadala also play key roles in supporting business expansion.
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