Emirates First Group unveils ground-breaking installment payment scheme for MSMEs

By Arya M Nair, Official Reporter
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Emirates First Group, a Dubai-based business set-up and investment advisory, has launched an installment payment scheme to help investors and businessmen reduce the cost of trade license issuance and renewals, and help them carry on with the business with an initial lower cost.

Investors and business owners can now pay for the trade license issuance and renewals as well as all related government services with a cost of up to $4,084 in four installments, instead of a one-time payment, lowering their financial burden. The initiative covers all government and company fees for business set up, visa assistance and other government-related activities.

In the last five years, Emirates First Group has helped set up more than 5,000 businesses in the UAE, mostly in Dubai, with end-to-end business setup services such as investment and business advisory, legal and financial consultancy, labor permits, visa and residency permits, accounting, auditing and tax advisory, and bank opening services.

Jamad Usman
Jamad Usman
Emirates First Group

“We are pleased to announce this wonderful initiative that is aimed at supporting the micro, small and medium enterprises (MSME), which represents more than 85 percent of the UAE economy. This initiative is in line with the UAE Government’s latest series of economic reforms measures that include reducing government fees in business licensing procedures to help the investors. As an investment advisory and business setup specialist, we felt the need to support fellow investors in trying to reduce the burden of licensing costs. Hence we came up with this package that helps the investors and entrepreneurs to carry on with their business activities under these challenging times.”

In addition to the effective handling of the COVID-19 pandemic, immigration and business reforms, such as allowing foreigners to own a 100 percent stake in a mainland license without a local partner and the ten-year Golden Visa, have encouraged a large number of wealthy people to either relocate to the UAE, relocate their businesses to the UAE, or expand their businesses to the UAE.

Recently, Emirates First Group launched e-First Global, its premium business set-up and investment advisory services at the Opus within Business Bay, to serve its growing number of premium customers and large foreign investors in the UAE economy. The company, which is growing its operations in Dubai, is also adding several branches to serve a growing number of clientele from across the world.

Related: UAE’s CBD, Dubai Culture to offer smart banking solutions for creative SMEs