Consultancy wants to address more attention to the new changes and company formation in Dubai because some people might think that the situation in the UAE changes so rapidly that it is better not to do anything professional there. The reality is that there are way more positive than just looking at an increase in specific sectors.
As the oil reserve is getting lower, there is more pressure and price spike. According to the International Energy Agency, there will still be an increased demand for oil. The US sanctions and decline in Venezuela’s production also gives an aspect that is more negative. The price for oil raised to USD 75.10 (EUR 64.29). The raise was for more than 2.3%. This increase is visible not only when driving with a car, but also in other aspects. Some Dubai business setup might experience more challenges if they have direct or indirect links to the oil sector. There is also not much support from Russia and Saudi Arabia. Meanwhile, US President Donald Trump keeps accusing them of it is only their fault in the situation. There is also no sign than some country would try to produce ore thus make less force upon the demand. According to the IEA, the oil demand in 2018 could grow by 1.4 million bpd. Meanwhile, China and India continue to be the 2nd and 3rd largest oil consumers. They will have more challenges to the fact to find alternative fuel sources because there is also a drop in exports that come from Iran and Venezuela. Exports in Europe overall dropped by 50% in June. Further changes will be more noticeable with US sanctions that come into force in November 2018.
What does all this mean for a company setup in the UAE?
The good news is that the UAE is also thinking innovative when it comes to the use of alternative energy. That means that companies shouldn’t worry too much if they will have enough resources or if prices for fuel won’t skyrocket.
Meanwhile, our K&M Consultancy offers extensive range pro services in Dubai. That means that everyone can get all the necessary information without much struggle. We have helped specific business startup Dubai people to keep up with the newest changes and challenges along the way. Many of them found out that the region is a perfect situation when it comes to professional activities in specific fields. We can help to understand the legal matters better for setting up a company in UAE Dubai because it is easier than someone might think. Our support might be beneficial also for those who are in business for some time and want to know more with tax consulting services. Accountants and other people involved will be only happy for any help. We encourage anyone to consider to start a business in Dubai and make the best of any situation. It is indeed possible because there are many great alternatives. One of them is free zone company setup that allows decreasing numerous costs. Any new business setup Dubai - UAE has many ways how to bring the best outcome for anyone who is interested enjoy all the benefits this location gives much faster than in some other place.