Reasons to Own a Business in the UAE
United Arab Emirates consists of seven emirates which offer distinct business advantages to investors. The UAE is a country where there are latest innovation and modernity. It was ranked as one of the wealthiest states after oil discovery in the region. The diverse economy and tourism has made UAE an attractive country for investors. Here are some of the key benefits of owning a business in the United Arab Emirates.
The economy of this country is always growing and changing. The UAE is open to new ideas in the development of its economy as seen in the recent years. It has witnessed significant growth in the tourism, science and technology industries. The petroleum sector is the biggest contributor to the economic success of this country. The government has invested in developing the industries which are non-oil related. To avoid being left behind in the growing technological inventions, this country has greatly invested in growing their technology industry. The presence of oil has resulted in lower costs in housing, water, electricity, and gas.
UAE is the center of the world’s trade and commerce. The world’s most vital trade and commerce routes lie in this country. The country has been known to have a lot of business operations for decades. You will get a chance to market our goods in the entire world once you set your business here. Presence of spectacular air and maritime ports enables this country to host international trade. You will be able to easily carry out your business in this countries with the presence of these amenities.
The taxing system of this country is quite low. As a way to increase the number of businesses in the country, the government imposes low taxes on the business people. It lacks foreign exchange controls, trade barriers and personal taxes thus encouraging international businesses. Exemption of foreign companies in paying income tax is one of the main advantages of having your business in this country. The liberal labor policies makes it easy for this country to recruit employees to form any part of the world.
In this country, you will get a range of technological solutions to use in your business. The telecommunication and IT of UAE has been praised over time. The modern facilities and infrastructure makes the country conducive to many business operations. There are cultural programs run by the government to cater for the international business people. You will find it easy to interact with the people of the UAE once you learn their language and cultures. The information that your employees learn enables them to interact with the people around effectively.