TOP 6 Reasons to open a business in the UAE

1. Developed infrastructure

The Emirates are located halfway between the financial production routes of the Far East and Europe. This makes the state an international economic center. Local ports are among the top ten in the world, annually passing more than 3 million units of cargo.

The country has 7 international airports, which ensures a constant flow of visitors. Basically, these are people who come in search of work, tourists. They provide a consumer and labor market.

Developed infrastructure contributes to the development and scaling of any business. Sea and air ports, office centers, skyscrapers, solvent members of society - this is what investors pay attention to.

2. Economic and political stability

A few facts confirming the stability of the state:

the local currency, the dirham, is pegged to the US dollar, but its rate has not changed since 1971;

even at the start of the coronavirus pandemic, direct investment growth was 44% (2020), while in the rest of the world it fell sharply;

financial institutions of the state have stability, the input and output of capital is free, there is no currency control.

The government is loyal to foreign entrepreneurs and does not create any obstacles for the development of their companies.

3.Free economic zones

FEZ is a limited territory with a certain legal status in relation to the rest of the state. It is expressed by preferential tax conditions for national and foreign businessmen. If you open a business in the Emirates, you will not have to pay taxes on income, capital gains, property, wages. VAT on the sale of goods to countries that are not included in the Persian Gulf region is 0%. The company has the opportunity to save money already at the start of development. Due to the absence of many taxes, this benefit increases over time.

However, there are still taxes in the state. Foreign banks, enterprises in the oil and gas industry are subject to taxation. But not every businessman will dare to enter the market, thanks to which the state has risen and is holding on. Therefore, foreign entrepreneurs are trying to take a place in other areas of business.

Registration of a company in the UAE allows you to obtain tax residency. Recognition as a resident reduces the tax burden and increases the profitability of the business.

4. Security

The UAE boasts not only a high standard of living, but also security. The Emirates are among the TOP states with the lowest crime rate. This is due to the fact that the state has strict laws. The commission of a crime carries the strictest punishment, and the police perform their duties well.

All business in the United Arab Emirates is subject to the laws established by the rules. In order not to violate the law, you need to familiarize yourself with all the requirements. A wrongdoing can lead to serious problems.

5. Center for global networking

The Emirates annually hosts a large number of conferences, seminars, and exhibitions. They attract businessmen from all over the world. This allows not only to gain new knowledge, expand your horizons, but also to acquire useful contacts and connections, which will benefit the development of the company.

6. Lack of bureaucracy and corruption

The UAE is a state that was able to eliminate corruption and bureaucracy. This gives equal opportunity to all entrepreneurs. You don't have to pay bribes to be successful in order for business to flourish in the Emirates. If an entrepreneur can make a profitable offer for consumers, he will have every chance to turn the company into a major global brand.

Doing business in the United Arab Emirates is a prospect for an entrepreneur. But keep in mind that this is an Arab state with its own rules, laws and requirements. The organization of entrepreneurial activity is accompanied by nuances. For example, if you are absent from the state for more than six months, the residence visa will become invalid, etc.