Advantages of setting up business in UAE

Two decades back UAE used to be the unrecognizable, dusty and squalid land. Later after the discovery of oil reservoirs, combined efforts of State government, developers and investors enabled this country to undergo aesthetic makeover. Significant progress has been observed in real estate and infrastructure facilities of this region.  The legacy of being an ancient trade route has been maintained well, although the old business tactics have been beautifully transformed into Western tactics. Especially the two leading Emirates Dubai and Abu Dhabi showed unmatched growth and progress in business, trade, finance and real estate sectors. The old Arab traditions efficiently blend with western cultures to present the lifestyle of 21^st century. Today UAE has become an absolute business destination in the region. Being world famous for most capable administration, infrastructure and smooth licensing process, the Middle Eastern country has almost everything to attract foreign investors and entrepreneurs.  Friendly economic and investment policies are the steps what UAE government has taken to facilitate investors and entrepreneurs.  UAE has been typified as the liberal country due to its liberal standards of rules and regulation.UAE government has taken every single step to cater foreign investors and facilitate them making huge investments in different sectors.  If you think that this is the right place to start up new business then go ahead. Below I have listed few major advantages of setting up business in UAE. 

Zero Taxes

With minimum controls and regulations by the state government, Dubai always attracts local and foreign investors.  Zero taxes on corporate profits and personal income, low custom duties and 100% repatriation of capital and profits allures everyone for making investments in UAE. Moreover, negligible controls on foreign exchange, trade quotas and stability of exchange rate between British Pound and UAE Dirham also facilitate foreign investors.  Most importantly the painless visa policies greatly facilitate expatriate to consider choosing UAE as their second home.

High Standard of Living

The high standard of living and glitz and glamour also attract everyone, who is willing to upgrade his lifestyle.  Breathtaking real estate developments like hotels, residential and commercial skyscrapers, luxury retail and recreational projects have contributed a lot in improving Dubai’s standard of living. Low crime rate, diverse culture, cosmopolitan lifestyle and availability of daily life necessities also played great role in boosting up lifestyle standards of UAE.

Structure of enterprising cost

UAE government, especially Dubai government proffers substantial cost benefits for entrepreneurs, who want to set up their enterprise in the city. It depends on the type of business you are going to establish. But in general there are some guaranteed advantages every entrepreneur will be enable to enjoy like no income taxes, corporate taxes with zero trade barriers. Moreover, you can also enjoy energy, real estate, and labour at reasonable prices. Import duties are also low with several exemptions. 

Availability of business licenses for diverse sectors

Business licenses are issued for both mainland and freezone areas across the city. Specific licensing criteria have been followed for the type of company or business setup you want to establish in UAE. For the mainland of Emirate of Dubai license are issued for different business types that include commercial trading, Tourism and travel agencies, manufacturing and processing plants, service providers and consultancy firms and branch and regional office setups.  The licensing process is simple and you can get license to become an entrepreneur in the city without doing complex paperwork.

Strong market potential

Being the business and trade hub in the region of, Middle East UAE business sector has been showing remarkably high revenues and profits in almost every sector.  The strategic location of UAE, and ease to access via air and sea routes have greatly enhance the business and trade sector in the region. Despite possessing oil reservoirs, UAE has diversified its economy to reduce its dependency from oil import and export only. Almost all emirates have been showing great interest to reduce dependency from oil exports.

UAE has successfully got itself recognized as regional business center. The country has proved its capabilities to cater entrepreneurs like no other country in the region. Dubai and Abu Dhabi are the UAE emirates that have been known to possess strong potential to serve profitable investment hubs of the Middle Eastern region.