Did you know that out of the 3.5 billion total global workforce, 1.1 billion (or 35%) are freelancers?
With that many solo entrepreneurs building their freelance businesses, it makes sense that more people are becoming interested in setting up sole proprietorships. And what better place to do that than in the UAE?
The UAE is one of the most entrepreneur-friendly countries in the world. The favourable tax regimes and unique business setup solutions make it an attractive place for sure.
Did we mention that it’s quite simple to start a business here? Yep, that includes setting up a sole establishment UAE business setup option.
Aside from figuring out whether you want to set up your business on the mainland or in one of the UAE’s free zones, there are a few other steps you’ll need to get past before being ready to do business in the UAE.
Here’s how to make that decision and the entire business setup process a whole lot easier.
What Is a Sole Establishment in the UAE?
A sole establishment (also known as a sole proprietorship) is a legal entity owned by one individual. This means that if you start a food truck in Dubai, for example, and you register it as a sole proprietor, you’re liable for the full extent of assets and liabilities of the business. A sole establishment can legally practice professional services anywhere in the UAE.
If you