Bilateral relations between the two nations have vast and wide potential, but business opportunity has to matched with market information.
Enough cannot be said about the many, multiple, and magnificent business opportunities that arise from the new relations between UAE and Israel. Success is a surety for Israeli-UAE business partnerships in sectors as diverse as solar energy and agri-tech, health care and cyber-security, but where should first steps begin? The freedom to do business in the UAE is best represented by its nearly 50 free zones. For many individuals, investors, small start-ups and giant corporations from around the world, setting up a company, a business partnership, or a trade license in the UAE starts at a free zone. Aided by professional advice, market expertise. and hands-on assistance, Israel-UAE relations can reach truly unimaginable heights.
Israel’s reputation as ‘start-up nation’ and UAE’s as ‘scale-up nation’ is an aptly matched combination for many UAE-Israel business partnerships. The UAE’s twin focus on pursuing innovation and attracting high tech companies is visible through various innovation and technology funds. Many UAE free zones, especially Dubai Silicon Oasis and Dubai Internet City, provide full start-up ecosystems with regulatory sandboxes and incubation centres. The Dubai Multi Commodities Centre offers unique business opportunities in a wide range of metals and commodities industries, with superior facilities like the Dubai Diamond Exchange and the Dubai Gold and Commodities Exchange, and trading facilities for several commodities. DMCC also links together key international players with support structures including finance, logistics and insurance. Post pandemic, business travel between Israel and UAE will increase, and collectively improve reach to a wider market audience. Likewise, Dubai’s stature as a global tourist hub and the country’s status as a bridge between East and West will open new business opportunities for UAE and Israel. Dubai Airport Free Zone is an ideal location for high-tech and IT products, light industry, and activities related to the aviation industry. A new free zone, IFZA Dubai provides investors and businesses the platforms and infrastructure necessary for success, along with a knowledge hub for the exchange of skills and expertise.
Note: This list is only indicative and not exhaustive In practical terms, the ability for Israeli individuals and institutions to establish a presence in the UAE, or team up with counterparts on joint ventures, is a boon for both sets of partners. While Israeli firms can easily expand into the Gulf region, Emirati entities can extend their own networks. Collaboration is the key. Innovation is the engine. Properly structured arrangements in a carefully chosen free zone is a winning route-to-market that has been adopted by international investors for many years. It will prove equally successful for all Israel-UAE business partnerships. Our teams have been helping entrepreneurs start their journey (professional and commercial licenses). We also help enterprises establish or expand their operations (free zone company/establishment, branch of foreign/UAE company, regional headquarters, limited liability company/partnership). From identifying the right license and location, creating value propositions, processing paperwork, and complying with rules and regulations, we are happy to serve – and deliver high satisfaction.
