October 2021 sees the delayed arrival of Expo 2020 in Dubai – the largest event of its kind to be held in the MENA region.
Across six months, Expo 2020 will showcase to best people, businesses and developments from around the world, with participants expected from over 190 countries.
For businesses and entrepreneurs in Dubai, it presents a huge opportunity to get in front of a vast and varied audience of potential customers, business partners, collaborators, suppliers, and more. Up to 25 million visitors are expected in the UAE over the course of the event.
What are the three themes of Expo 2020?
This year’s site is split across three themes or districts – Sustainability, Mobility, and Opportunity. Here’s what you can expect from each.
Sustainability District – What to expect?
Sustainability is a hotter topic than ever before. Business, nations, and individuals are striving to minimise waste, emissions and more in an effort to protect our precious planet.
In Expo 2020’s Sustainability District, you can find some the world’s most advanced technology, designed to help us achieve all these aims.
You can explore what countries around the world are doing to drive greater sustainability, and what the future may look like with nature and technology working together in harmony.
Attendees will be able to walk beneath solar energy and water condensing trees. And alongside the high-tech is water flowing through traditional falaj irrigation channels.
You can also get a close-up view of the coral reefs that are home to the hammour fish through the eyes of artists, scientists, and schoolchildren.
Mobility District – What to expect?
Our world is as connected as it has ever been. In the Mobility District, you can examine the ways that we connect with people, cultures, knowledge, and ideas.
In breaking down the divide between the physical and digital worlds, the Mobility District highlights the connections that contribute to an ecosystem where information, goods, and more are exchanged faster than ever before.
Visitors can ride in autonomous vehicles, and explore the latest developments in the space race, including the UAE’s National Space Programme. Each country exhibiting at the event will also have its own pavilion, in which contributors will showcase the very best and most unique mobility technology from their nation.
Opportunity District – What to expect?
The official Expo 2020 website introduces the Opportunity District with the following words:
“There’s a ripple effect in everything we do. Even one person can be the key to unlocking eight billion opportunities that can help individuals and communities create a better tomorrow, today. It’s time to unleash the potential within and be an agent of change.”
And the Opportunity District truly brings this lofty vision to life. Attendees can explore how our lives and actions are interconnected through a series of immersive exhibits and presentations.
Visitors are invited to interact and exchange ideas with the world’s leading changemakers and innovators. You can also participate in skill building activities and learn from a spectrum of people all of whom have a measurable impact on our daily lives.
Ride the wave of Expo 2020 – start a business in the UAE
With over 20 million visitors in the emirate across the duration of Expo 2020, there has never been a better time to promote your business idea to a worldwide audience. And when you start your business with BIZ, you can be up and running in time to participate in this incredible event.
Our expert team will guide you through the following four step process.
First, we will help you decide on your company name. Be aware that you must abide by a strict set of naming conventions. We can run you through the requirements before registering your company name on your behalf.
The next step is to confirm your business activities. Here, you’ll need to outline all services that you intend to offer. You can only carry out activities that are listed in your license.
You can now apply for your trade license. There are a couple of ways of doing this, depending on your requirements. You can opt to open in a free zone or in the UAE mainland.
Establishing a business in a free zone is often the most cost-effective approach. This way, you can benefit form the UAE’s 0% tax rate, as well as zero currency restrictions, profit and capital repatriation, and 100% customs tax exemption.
Whichever option you choose, you will need to supply the following documentation:
- A completed application form
- Articles of incorporation (if necessary)
- Passport copies for all shareholders
- Brief descriptions of intended business activities
If you wish to live and work in the UAE, you’ll need a residency visa – and BIZ can assist with this process too. We can also help you apply for visas for your company employees, dependants, and domestic staff such as housekeepers or drivers.
Start your business in 2021 with BIZ
If you’re armed with the right knowledge, starting a business in Dubai, UAE, doesn’t have to be overly complicated.
That being said, it does require a level of prior knowledge of the process. What’s more, it is important to note that the application process is only straightforward if your license application is complete at the time of submission and free from errors.
To help you ensure that this is the case, it’s a good idea to work with a company formation specialist such as Business Incorporation Zone (BIZ) when establishing a new company in the UAE.
We are a team of company registration professionals who are passionate about bringing the dreams of aspiring entrepreneurs and SMEs to life.
As well as handling your license application, BIZ can also assist with the opening of corporate bank accounts and advise on the most appropriate financial institution to suit your specific needs.
We also offer visa and immigration services and can handle all government formalities, permissions, work permits, and visa applications required to trade in the UAE.
In short, our experts can establish your company on your behalf, make your license and visa applications, and take care of all the necessary admin – leaving you free to get on with running your business.