Dubai well poised for growth in New Business Entities
Dubai is seeing a steady increase in the registration of new business entities. Although there was a massive slowdown in the global economy on account of COVID-19, there has been a steady increase in new business entities registering in the UAE, in the past few weeks.
This is an indication of the fact that as always, the UAE, specifically Dubai, has overcome the sluggishness in the market says Mr. Saeed Khalifa Mohammed Al Fuqaei, a UAE national who has established himself in the UAE business sector as a valued service provider. Since 2001, Mr. Khalifa has been providing Company Formation services to aspiring businessmen through his company Shuraa Management & Consultancy. Today this has blossomed into a premier Business Set Up service provider in the United Arab Emirates. According to him, it is very important to capitalise on the market demand if one has to grow in one’s chosen area of operation. A lot of individuals want to start new businesses but are not sure on the legal formalities that need to be undertaken in order to get their businesses up and running. Shuraa helps facilitate this process. “For us 2020 was slated to be a year of strategic growth. We had expanded our range of operations and enhanced our services earlier this year without compromising on our core business objectives. This is in tandem with our long-term objectives and I am happy to state that our operations are steadily beginning to gain the pre-covid momentum,” he stated.
“Ever since my young age, I have always had a keen interest in the global and local business environment. When exploring the difficulties companies face in establishing themselves in Dubai, I was inclined to open a company that would make things easier for entrepreneurs. I found that many gifted businessmen lacked knowledge when it comes to setting up their business entities in the UAE. I saw a strong opportunity in the market for a professional company that is well equipped in providing these services and that is how Shuraa Management & Consultancy was born. I wanted to offer simple yet specialized services to people wishing to start businesses in the UAE. This not only eases the transition of international enterprises but also creates jobs and boosts the local economy, so it is beneficial to everyone. Our priority has always been to assist our clients to save their time, money and effort by providing expert advice gained through years of experience. Over the years we have seen a steady increase in the demand for our services and this emphasises the fact that the need for experts like us is growing in the market,” he added.
As a leading business setup service provider in the UAE, Shuraa offers a wide range of services and complete business set-up packages; right from company formation all the way to the necessary post formation activities. Services include business licensing & registration across the UAE, business centers, sourcing office spaces, PRO services, visa processing and opening of corporate bank accounts. Establishing a business is a challenging process but by assisting firms in making the right decision at the right time, Shuraa has flourished and has successfully established more than 25,000 companies.
Mr Khalifa’s success did not come as a surprise considering his background as a member of the esteemed Al Fuqaei family in Dubai. His father, Mr. Khalifa Mohammed Al Fuqaei, was often referred to as “King of the Sea” and was a highly respected business leader in the UAE. Mr. Khalifa Mohammed Al Fuqaei started his career decades ago and had the foresight and resourcefulness to develop a shipping trade with numerous countries long before the UAE was the recognized economy it is today. This drive and determination were passed down to his son who is a successful self-made entrepreneur with several businesses in Dubai.