If you’re considering starting a business in the United Arab Emirates, specifically in the Fujairah Free Zone, you’ve come to the right place. In this article, we will provide you with valuable information and insights on Fujairah Free Zone business formation. From business setup and company formation in Dubai to the process of incorporating your business in this free zone, we will cover it all. Additionally, we will discuss the benefits of starting a freezone company in Dubai, the requirements for business setup in the UAE, and even offer information on Dubai and Abu Dhabi pro services. Whether you’re a small business owner or a multinational corporation, this article will serve as a comprehensive guide to help you navigate the intricacies of business formation in Fujairah Free Zones.

1. Overview of Fujairah Free Zones

1.1 Definition of Free Zone

A free zone is a designated area within a country where businesses can operate with tax exemptions and other incentives. It is a highly attractive option for foreign investors looking to establish their businesses in a new market without the burdensome regulations and taxes typically associated with traditional business setup.

1.2 Importance of Free Zones for Business Formation

Free zones play a crucial role in attracting foreign investment and stimulating economic growth. They provide a conducive environment for businesses to thrive by offering a wide range of benefits and incentives. These include tax exemptions, 100% foreign ownership, simplified legal and regulatory procedures, easy import and export processes, state-of-the-art infrastructure, and access to skilled labor. Free zones also promote innovation, entrepreneurship, and job creation, making them vital contributors to the overall development of an economy.

1.3 Introduction to Fujairah Free Zones

Fujairah, one of the seven emirates in the United Arab Emirates (UAE), offers multiple free zones that serve as ideal locations for businesses to establish their presence. The Fujairah Free Zone Authority (FFZA) oversees and regulates these free zones, providing government support and a favorable business environment. Fujairah Free Zones offer a range of sectors and industries, including trading, manufacturing, logistics, IT, consultancy, research and development, hospitality, and healthcare, among others.

1.4 Advantages of Setting Up a Business in Fujairah Free Zones

Choosing Fujairah Free Zones for business formation comes with numerous advantages. First and foremost, businesses can enjoy complete ownership and control over their enterprises, as the free zones allow 100% foreign ownership. Additionally, Fujairah Free Zones offer tax exemptions, enabling businesses to save significantly on corporate taxes. Another advantage is the full repatriation of both capital and profits, allowing businesses to transfer their earnings back to their home countries without restrictions. Furthermore, the free zones provide a seamless import and export process, cutting down on bureaucracy and facilitating international trade. The presence of world-class infrastructure, including state-of-the-art facilities and reliable utilities, ensures that businesses have access to top-quality resources. Fujairah Free Zones also benefit from a skilled workforce and supportive government policies that promote business growth and innovation.

2. Types of Companies Allowed in Fujairah Free Zones

When setting up a business in Fujairah Free Zones, entrepreneurs have several company types to choose from, depending on their specific needs and objectives.

2.1 Free Zone Establishment (FZE)

A Free Zone Establishment (FZE) is a legal entity that is owned by a single individual or corporate entity. This type of company allows for 100% foreign ownership and provides the owner with full control over the business.

2.2 Free Zone Company (FZC)

A Free Zone Company (FZC) is a company with multiple shareholders, either individuals or corporate entities. The shareholders can be of any nationality and enjoy the benefits of 100% foreign ownership. FZCs offer a flexible ownership structure, allowing for different levels of investment and profit distribution among shareholders.

2.3 Branch of an Existing Company

Entrepreneurs who already have an established company outside the UAE can set up a branch of their existing company in Fujairah Free Zones. This allows them to expand their operations into the local market and benefit from the advantages offered by the free zones while remaining under the umbrella of their parent company.

2.4 Warehousing Companies

Fujairah Free Zones provide excellent facilities for warehousing companies. These companies can take advantage of the strategically located free zones to store and distribute goods locally and internationally. The free zones offer modern and secure warehouses equipped with advanced technology and logistics services to meet the needs of diverse industries.

2.5 Trading Companies

Fujairah Free Zones are ideal for trading companies looking to import, export, and re-export goods. Entrepreneurs in this sector can take advantage of the free zones’ proximity to major ports and airports, as well as their robust logistics infrastructure. This allows for streamlined processes and enables businesses to reach global markets efficiently.

2.6 Consultancy Firms

Consultancy firms in various fields, such as management, IT, finance, and engineering, can establish their operations in Fujairah Free Zones. The free zones provide an environment that fosters innovation and collaboration, making them attractive for consultancy firms looking to offer their expertise to a wide range of clients.

2.7 Manufacturing Companies

Fujairah Free Zones offer excellent opportunities for manufacturing companies to establish their presence. The free zones provide specialized infrastructure, including industrial parks and dedicated manufacturing facilities, along with support services and logistical advantages. This enables manufacturing companies to operate efficiently and access both regional and global markets.

3. Legal Requirements and Procedures for Business Formation

Setting up a business in Fujairah Free Zones involves several legal requirements and procedures to ensure compliance with the regulatory framework. It is essential to be aware of these steps to smoothly navigate the formation process.

3.1 Company Name Approval

The first step in the business formation process is obtaining approval for the proposed company name from the relevant authorities. The company name should comply with the guidelines set by the Free Zone Authority and should not infringe upon any existing trademarks or copyrights.

3.2 Submission of Required Documents

Once the company name is approved, the entrepreneur needs to submit the necessary documents for company formation. These typically include the owner’s passport copies, bank reference letters, a business plan, and a company profile. Additional documents may be required depending on the type of company being formed.

3.3 Obtaining Necessary Licenses

After the submission of documents, the entrepreneur will need to obtain the necessary licenses to operate the business. These licenses may vary depending on the nature of the business activity, such as a trade license for trading companies or a manufacturing license for manufacturing companies. It is important to ensure compliance with all relevant regulations and obtain the required licenses before commencing operations.

3.4 Opening a Corporate Bank Account

To facilitate financial transactions, businesses in Fujairah Free Zones need to open a corporate bank account. This allows for seamless banking operations and enables businesses to manage their finances effectively. It is advisable to choose a bank that is authorized to operate in the free zone to avoid any unnecessary complications.

3.5 Registration with Relevant Authorities

Businesses in Fujairah Free Zones must register with the relevant authorities and obtain the necessary permits and certifications. This includes registration with the Free Zone Authority, the Chamber of Commerce, and any other regulatory bodies specific to the business’s industry. Compliance with these requirements ensures that the business operates within the legal framework and is recognized as a legitimate entity.

3.6 Lease Agreement for Office Space

Entrepreneurs need to secure office space within the free zone for their business operations. This typically involves signing a lease agreement with the Free Zone Authority or an authorized real estate agency. The lease agreement ensures that the entrepreneur has a physical presence within the free zone and can conduct business activities in compliance with the free zone’s regulations.

3.7 Visa and Employment Procedures

To employ foreign workers, businesses in Fujairah Free Zones need to go through the visa and employment procedures. This involves applying for work visas and employee sponsorship, as well as complying with immigration requirements set by the relevant authorities. Businesses are responsible for ensuring that their employees have the necessary documentation to legally work and reside in the UAE.

4. Benefits and Incentives for Businesses in Fujairah Free Zones

Businesses in Fujairah Free Zones enjoy a wide range of benefits and incentives that make them an attractive choice for entrepreneurs. These advantages contribute to the growth and success of businesses in the region.

4.1 100% Ownership of Business

One of the key benefits of setting up a business in Fujairah Free Zones is the ability to have 100% ownership. Unlike in mainland UAE, where foreign investors are required to have a local sponsor or partner, entrepreneurs in the free zones can retain full control over their businesses. This provides greater flexibility and strategic decision-making power to business owners.

4.2 Tax Exemptions

Fujairah Free Zones offer tax exemptions to businesses, providing a significant cost advantage. Companies operating in the free zones are exempt from corporate taxes, personal income taxes, and customs duties. This allows businesses to save substantially on their operational costs, enhancing profitability and competitiveness.

4.3 Full Repatriation of Capital and Profits

In addition to tax exemptions, businesses in Fujairah Free Zones enjoy the freedom to repatriate all capital and profits generated from their operations. There are no restrictions on the transfer of funds to foreign bank accounts, enabling entrepreneurs to maximize their returns on investment and allocate resources as needed.

4.4 Easy Process for Import and Export

Fujairah Free Zones provide streamlined and efficient processes for import and export activities. Businesses can benefit from simplified customs procedures, faster clearance times, and access to modern logistics infrastructure, including ports and airports. This facilitates international trade and enables businesses to connect with global markets seamlessly.

4.5 World-Class Infrastructure and Facilities

Fujairah Free Zones are equipped with world-class infrastructure and facilities to support the diverse needs of businesses. The free zones feature state-of-the-art office spaces, warehouses, industrial parks, and logistical services. This enables businesses to operate in a professional and conducive environment, enhancing productivity and business operations.

4.6 Availability of Skilled Workforce

Fujairah Free Zones attract a skilled and diverse workforce from around the world. The presence of multinational businesses and thriving industries creates opportunities for professionals in various fields. This ensures that businesses in the free zones can easily access the talent they need to drive growth and innovation.

4.7 Flexibility in Business Operations

The free zones offer flexibility in terms of operational procedures and regulations. Businesses have the freedom to choose their preferred legal structure, ownership type, and license options. This flexibility allows entrepreneurs to tailor their business operations to meet their specific objectives and adapt to changing market conditions.

4.8 Access to Global Markets

Fujairah Free Zones provide businesses with access to global markets through their strategic location and excellent connectivity. The free zones are well-connected via major ports, airports, and road networks, enabling businesses to reach customers and suppliers worldwide. This global connectivity opens up opportunities for expansion and diversification.

4.9 Supportive Government Policies

The UAE government has implemented various policies and initiatives to support businesses in the free zones. These include streamlined procedures, business-friendly regulations, and a commitment to entrepreneurship and investment. The government’s support creates a nurturing and conducive environment for businesses to thrive and succeed.

4.10 Incentives for Research and Development

Fujairah Free Zones promote research and development activities by offering incentives and support to businesses in this field. Entrepreneurs engaged in R&D can access grants, funding, and resources to drive innovation and contribute to technological advancements. This focus on R&D contributes to the overall economic growth and competitiveness of businesses in the free zones.

5. Costs and Financial Considerations

While setting up a business in Fujairah Free Zones offers numerous advantages, entrepreneurs need to consider the various costs and financial implications involved. It is essential to budget accordingly and plan for these expenses.

5.1 Initial Setup Costs

The initial setup costs include expenses such as company registration fees, licensing fees, legal fees, and documentation charges. These costs may vary depending on the type of company and the specific requirements of the chosen free zone. It is advisable to consult with business setup professionals to accurately estimate these initial setup costs.

5.2 Office Space Rental Fees

Renting office space within the free zone is a recurring cost that entrepreneurs need to factor into their financial planning. The rental fees may vary based on factors such as the location, size, and facilities provided within the office space. It is important to choose an office space that suits the business’s needs and budget.

5.3 Renewal Fees and Annual Maintenance Costs

Businesses in Fujairah Free Zones are required to pay annual renewal fees to maintain their licenses and permits. These fees contribute to the ongoing support and services provided by the Free Zone Authority. Additionally, there may be annual maintenance costs associated with facilities and utilities, such as maintenance fees for office spaces, warehouses, or industrial facilities.

5.4 Cost of Employee Visa and Sponsorship

When employing foreign workers, businesses need to consider the costs associated with employee visas and sponsorships. This includes visa application fees, medical examinations, and other documentation requirements. It is important to budget for these expenses and ensure compliance with immigration regulations throughout the employment period.

5.5 Miscellaneous Expenses

Entrepreneurs should also account for miscellaneous expenses that may arise during the business formation and operation process. These may include marketing and advertising costs, recruitment and training expenses, insurance premiums, and ongoing administrative costs. Planning for these miscellaneous expenses helps in managing finances effectively and ensuring business continuity.

6. Industries and Sectors Suitable for Fujairah Free Zone

Fujairah Free Zones cater to a wide range of industries and sectors, providing opportunities for businesses in diverse fields. The strategic location and business-friendly environment make Fujairah Free Zones attractive for various sectors.

6.1 Trading and Exporting

Fujairah is an ideal location for trading and exporting businesses. The free zones’ proximity to major ports and airports facilitates the import and export of goods, making it a strategic gateway for international trade. Businesses engaged in trading and exporting can benefit from the seamless logistics and customs procedures, enabling them to expand their reach to global markets.

6.2 Manufacturing and Industrial

Fujairah Free Zones offer excellent infrastructure and support for manufacturing and industrial companies. The dedicated industrial parks and manufacturing facilities provide a conducive environment for various industries such as automotive, electronics, food processing, and construction materials. Businesses in the manufacturing and industrial sectors can leverage the advantages offered by the free zones to streamline production processes and access regional and international markets.

6.3 Logistics and Warehousing

As a major transportation hub, Fujairah Free Zones serve as an ideal location for logistics and warehousing companies. The free zones offer modern and secure warehouses equipped with advanced technology and logistics services. The strategic location, combined with the efficient import and export procedures, allows logistics and warehousing businesses to meet the needs of domestic and international clients effectively.

6.4 Information Technology (IT) and Software Development

The IT and software development sectors are thriving in Fujairah Free Zones. The availability of world-class infrastructure, skilled professionals, and supportive government policies creates an environment conducive to innovation and technology-driven businesses. IT companies can leverage the free zones’ resources and connectivity to expand their operations and cater to a global client base.

6.5 Consultancy and Professional Services

Fujairah Free Zones are home to numerous consultancy firms and professional service providers. These firms offer a wide range of services, including management consulting, legal and accounting services, engineering consultancy, and marketing consultancy. The free zones’ business-friendly environment and access to a diverse market make them an attractive destination for consultancy and professional services businesses.

6.6 Research and Development

Fujairah Free Zones actively promote research and development activities. Businesses engaged in R&D, whether in the fields of science, technology, or healthcare, can benefit from the support and incentives provided by the free zones. The availability of funding, grants, and access to research facilities encourages innovation and fosters collaboration between businesses and educational institutions.

6.7 Hospitality and Tourism

With its breathtaking coastline, historic sites, and vibrant culture, Fujairah is a popular tourist destination. The free zones in Fujairah offer opportunities for businesses in the hospitality and tourism sectors to establish their presence and cater to the growing influx of tourists. Hotels, resorts, travel agencies, and other tourism-related businesses can benefit from the free zones’ facilities and the strong tourism industry in the region.

6.8 Health and Medical Services

Fujairah boasts a well-developed healthcare sector, and the free zones offer opportunities for businesses in the healthcare and medical services industry. Hospitals, clinics, diagnostic centers, pharmaceutical companies, and medical device manufacturers can benefit from the state-of-the-art infrastructure, skilled healthcare professionals, and technological advancements available in the free zones.

7. Comparison with Other Free Zones in the UAE

While Fujairah Free Zones offer numerous advantages and opportunities for businesses, it is essential to compare them with other free zones in the UAE to make an informed decision when choosing a location for business formation.

7.1 Dubai Free Zones

Dubai is home to several free zones that cater to various industries and sectors. Dubai free zones, such as Dubai Multi Commodities Centre (DMCC), Dubai Silicon Oasis (DSO), and Dubai International Financial Centre (DIFC), offer unique advantages and benefits. Dubai’s strategic location, world-class infrastructure, and diverse business ecosystem make it a highly competitive destination for business formation.

7.2 Abu Dhabi Free Zones

Abu Dhabi, the capital of the UAE, also boasts several free zones, including Abu Dhabi Global Market (ADGM) and Khalifa Industrial Zone Abu Dhabi (KIZAD). Abu Dhabi’s strong economy, government support, and favorable business environment make it an attractive choice for entrepreneurs. The free zones in Abu Dhabi provide opportunities for businesses in various sectors, such as finance, logistics, and manufacturing.

7.3 Sharjah Free Zones

Sharjah offers several free zones, including Sharjah Media City (SHAMS) and Hamriyah Free Zone Authority (HFZA). Sharjah’s focus on media, industry, and technology sectors makes it a desirable location for businesses in these fields. The cost-effective setup options, quality infrastructure, and logistics advantages contribute to Sharjah’s appeal for business formation.

7.4 Ras Al Khaimah Free Zones

Ras Al Khaimah (RAK) boasts several free zones, including RAK Free Trade Zone (RAK FTZ) and RAK Maritime City Free Zone (RAKMC). RAK’s strategic location, low operational costs, and advanced infrastructure make it an attractive choice for businesses seeking to establish a presence in the UAE. The free zones in RAK cater to various industries, including trading, manufacturing, logistics, and consulting.

7.5 Ajman Free Zones

Ajman, one of the smaller emirates in the UAE, offers free zones such as Ajman Free Zone (AFZ) and Ajman Media City (AMC). Ajman’s cost-effective setup options, strategic location, and accessibility to major seaports and airports make it a competitive choice for businesses. The free zones in Ajman attract businesses in trading, manufacturing, and media sectors, among others.

7.6 Umm Al Quwain Free Zones

Umm Al Quwain (UAQ) offers free zones such as Umm Al Quwain Free Trade Zone (UAQ FTZ), specializing in trading, logistics, and industrial sectors. UAQ’s supportive business environment, cost advantages, and proximity to major seaports contribute to its appeal as a choice for business formation. The free zones in UAQ provide opportunities for businesses looking to establish their presence in these sectors.

8. Case Studies of Successful Businesses in Fujairah Free Zones

Understanding the experiences of successful businesses in Fujairah Free Zones provides valuable insights into the advantages and opportunities provided by the free zones. These case studies highlight the potential for growth and success in the region.

8.1 XYZ Trading Company

XYZ Trading Company, a company in the trading sector, established its presence in Fujairah Free Zones and experienced significant growth. The company benefited from the streamlined import and export procedures, allowing for efficient international trade. With access to a skilled workforce and state-of-the-art facilities, XYZ Trading Company expanded its customer base and tapped into global markets.

8.2 ABC Manufacturing Corporation

ABC Manufacturing Corporation, a manufacturing company, chose Fujairah Free Zones for its business setup. The availability of specialized industrial parks and support services provided a conducive environment for its operations. With easy access to regional and global markets, ABC Manufacturing Corporation grew its production capacity, maintained high-quality standards, and successfully competed in the industry.

8.3 DEF Consultancy Services

DEF Consultancy Services, a professional services firm, established its presence in Fujairah Free Zones and leveraged the benefits offered by the free zones. The business-friendly environment, availability of skilled professionals, and supportive government policies allowed DEF Consultancy Services to expand its clientele and provide top-notch services. The company’s success is attributed to the collaborative opportunities and ease of doing business in the free zones.

8.4 GHI Logistics and Warehousing

GHI Logistics and Warehousing, a company specializing in logistics and warehousing, thrived in Fujairah Free Zones. The excellent infrastructure, strategic location, and efficient logistics processes enabled GHI Logistics and Warehousing to meet the increasing demand for storage and distribution. The company’s presence in the free zones allowed it to streamline operations, reduce costs, and become a leading player in the industry.

8.5 JKL IT Solutions

JKL IT Solutions, an IT company, found success in Fujairah Free Zones due to the availability of skilled professionals and advanced infrastructure. The support provided by the free zone authority and the dynamic business ecosystem allowed JKL IT Solutions to expand its services and cater to a global client base. The company’s growth in the free zone is a testament to the opportunities available for IT businesses.

8.6 MNO Research and Development

MNO Research and Development, a company in the research and development sector, thrived in Fujairah Free Zones. The free zones’ focus on innovation, availability of resources, and government support enhanced MNO Research and Development’s ability to conduct cutting-edge research and drive technological advancements. The company’s success in the free zone contributed to the overall growth and development of the region.

8.7 PQR Hospitality Group

PQR Hospitality Group, a leading player in the hospitality and tourism industry, established its presence in Fujairah Free Zones. The free zones’ strategic location, world-class facilities, and supportive business environment attracted PQR Hospitality Group to set up its hotels and resorts in the region. The group’s success in Fujairah Free Zones was driven by the thriving tourism industry and the availability of resources and services.

9. Common Challenges and Solutions for Business Formation in Fujairah Free Zones

While setting up a business in Fujairah Free Zones offers numerous benefits, entrepreneurs may encounter certain challenges along the way. Awareness of these challenges and their respective solutions can help entrepreneurs navigate the business formation process more effectively.

9.1 Language and Cultural Differences

Language and cultural differences can pose challenges when establishing a business in a foreign country. To overcome these challenges, entrepreneurs can hire bilingual staff or engage the services of translators to ensure effective communication with stakeholders. Familiarizing oneself with the local culture and customs also helps in building strong relationships and understanding market behaviors.

9.2 Finding Skilled Workforce

Despite the availability of a skilled workforce in Fujairah Free Zones, finding the right talent for specific job roles can be challenging. To address this challenge, businesses can partner with recruitment agencies specializing in the region or establish partnerships with local educational institutions to tap into emerging talent pools. Offering competitive remuneration packages and providing opportunities for training and career growth can also attract skilled professionals.

9.3 Competing with Established Businesses

Entering a market with established businesses can be challenging for newcomers. To succeed in such a competitive landscape, entrepreneurs need to differentiate their products or services through innovation, quality, and customer-centric approaches. Conducting thorough market research, understanding customer needs, and delivering unique value propositions can help businesses gain a competitive edge.

9.4 Compliance with Legal and Regulatory Requirements

Navigating the legal and regulatory framework can be complex, especially for businesses unfamiliar with the local laws. Engaging the services of experienced business setup professionals can provide valuable guidance and ensure compliance with all legal and regulatory requirements. Staying informed about relevant regulations and maintaining accurate records can help businesses avoid penalties and legal complications.

9.5 Managing Cash Flow and Finances

Cash flow management is critical for the sustainability and growth of any business. Entrepreneurs need to develop effective financial planning strategies, including budgeting, forecasting, and monitoring expenses. Implementing robust accounting systems, hiring qualified finance professionals, and establishing relationships with financial institutions can help businesses effectively manage cash flow and ensure financial stability.

9.6 Expanding into International Markets

Expanding into international markets requires careful planning, research, and market analysis. Businesses need to develop comprehensive market entry strategies, considering factors such as cultural differences, competition, and local regulations. Engaging in market research, establishing partnerships with local distributors or agents, and leveraging digital marketing platforms can support successful international expansion.

9.7 Dealing with Changing Economic Conditions

Businesses are likely to face changing economic conditions that can impact their operations. To mitigate the effects of economic fluctuations, businesses should develop contingency plans and diversify their customer base or product offerings. Maintaining strong relationships with suppliers and customers, monitoring market trends, and staying agile in adapting to changing conditions can help businesses navigate economic uncertainties.

10. Conclusion

10.1 Recap of Fujairah Free Zone Business Formation

Fujairah Free Zones offer a compelling option for businesses looking to establish their presence in the UAE. With a range of sectors and industries, favorable business environment, and numerous incentives, it provides a conducive platform for growth and success. The free zones’ strategic location, world-class infrastructure, 100% foreign ownership, tax exemptions, and easy import-export processes make them highly attractive for entrepreneurs.

10.2 Key Takeaways

• Fujairah Free Zones provide an environment that fosters business growth and innovation.
• Multiple types of companies are allowed, including FZEs, FZCs, branches of existing companies, warehousing companies, trading companies, consultancy firms, and manufacturing companies.
• Legal requirements and procedures for business formation in Fujairah Free Zones involve company name approval, submission of required documents, obtaining necessary licenses, opening a corporate bank account, registration with relevant authorities, lease agreement for office space, and visa and employment procedures.
• Businesses in Fujairah Free Zones enjoy benefits such as 100% ownership, tax exemptions, full repatriation of capital and profits, easy import and export processes, world-class infrastructure, availability of a skilled workforce, flexibility in business operations, access to global markets, supportive government policies, and incentives for research and development.
• Costs and financial considerations include initial setup costs, office space rental fees, renewal fees and annual maintenance costs, employee visa and sponsorship costs, and miscellaneous expenses.
• Industries and sectors suitable for Fujairah Free Zone include trading and exporting, manufacturing and industrial, logistics and warehousing, IT and software development, consultancy and professional services, research and development, hospitality and tourism, and health and medical services.
• Comparison with other free zones in the UAE highlights the unique advantages of Fujairah Free Zones.
• Case studies of successful businesses in Fujairah Free Zones provide insights into the growth potential and opportunities available.
• Common challenges and their solutions for business formation in Fujairah Free Zones include language and cultural differences, finding skilled workforce, competitiveness with established businesses, compliance with legal and regulatory requirements, managing cash flow and finances, expanding into international markets, and coping with changing economic conditions.

10.3 Future Outlook of Fujairah Free Zones

Fujairah Free Zones are expected to continue attracting businesses and contributing to the economic growth of the region. With ongoing infrastructure development, government support, and focus on innovation and technology, the free zones are well-positioned to offer even greater opportunities for businesses in diverse industries. As Fujairah Free Zones continue to evolve and adapt to changing market dynamics, they remain a compelling choice for entrepreneurs seeking to establish and grow their businesses in the UAE.