Why the UAE Is the Perfect Place for a New Company
Starting a business abroad is going to be intimidating, but the United Arab Emirates is still a top destination among investors and entrepreneurs. It offers several advantages when starting and growing a business. It doesn’t matter what your goals are, whether it is expanding your operations and engaging with the global market.
Read on to see why you should start your business in the UAE and how you can get the most of the opportunities being provided here.
Strong and Stable Economy
The country has consistently shown impressive growth in key sectors like healthcare, technology, finance, real estate, and tourism. Even more, it has decided to explore beyond oil and gas, which makes it an ideal market for new businesses. Additionally, the legal system is transparent, and the political landscape is stable. These factors are crucial for entrepreneurs and investors who prefer a secure environment.
Supportive Infrastructure
Abu Dhabi’s twofour54, the Dubai Silicon Oasis, the Dubai Internet City, and other business centres are among the UAE’s most well-known places for future entrepreneurs. These provide creative office spaces, a wealth of networking opportunities, and technical assistance. There are numerous foreign banks here, and the domestic banking system is also great. Additionally, there is a variety of financing solutions to pick from, including venture capital and government subsidies.
Strategic Location
The United Arab Emirates is the best location to connect with markets worldwide because of its central location to Africa, Asia, and Europe. Abu Dhabi and Dubai are great places to start if you want to join international trade. They provide you a competitive edge and lower your shipping and logistics costs because they have some of the busiest seaports and airports.
International Market Access
The United Arab Emirates is part of different trade agreements with countries in the Gulf Cooperation Council (GCC) along with agreements with global markets like Europe, China, and India. This makes it easier for businesses to trade with minimal to no tariffs or restrictions. It also boasts a world-class transport infrastructure, including the busy Dubai International Airport and the state-of-the-art Jebel Ali Port.
Business-Friendly Atmosphere
The tax environment in the UAE is very favourable for businesses. For instance, corporate taxes are quite low, and personal tax is non-existent, especially for companies outside the gas and oil sector. There are even tax exemptions of up to fifty years in many of the free zones. Plus, you can own up to 100% of your company even without a local partner if you start a business in a free zone. These areas also provide visa facilitation, office spaces, licensing, and other streamlined services.
Diverse Talents
When your business calls for skilled professionals, you will never run out of options from the population of the United Arab Emirates. Not only does the country have an international pool of talents, but also flexible visa programmes. Lots of people from all over the globe work here, so your team stands to benefit from different expertise, perspectives, and cultural standpoints.
Take advantage of everything available by getting in touch with us at Acclime UAE when you’re prepared to start an enterprise in the United Arab Emirates. Our speciality is assisting people in establishing their companies, but we also provide support services including corporate governance, accounting, and human resources outsourcing.