The UAE appears on the world map as the most promising business hubs. Starting a corporation in the region nowadays isn’t much of a hassle and rather uncomplicated. Government, through its visionary approach always introduce pro-business and investment policies thus encouraging foreign capital.
UAE business corporations enjoy incentives more than any other setup around the globe making it a more preferred enterprise centre. Bureaucratic formalities are minimum and simple with taxation that’s almost non-existent. UAE government realised that sustaining the economy in the long-run is possible by transforming the region as centre of major corporations; both local and international.
Here’re some compelling reasons to setup a business in the region;
- Diverse & growing economy
Due to the constantly growing and dynamic economy, entrepreneurs and established business corporations are tempted to find a life and profitable opportunities. Dubai is among the wealthiest Emirate with a staunch financial climate, helping start-ups as well as conglomerates to proceed successfully on the track.
- Legal framework
Corporate rules and regulations are entirely different that suits foreign investors in the best possible way. With minimum paperwork and setup procedure, your business would experience a fast track to lasting success with easy license and registration policies.
- Infrastructure & convenience of manpower
The free zone governing bodies cater to excellent infrastructure facilities, office spaces, communication links, warehouses and more whereas availability of creative and talented workforce is the UAE’s biggest strength. Expats flying into the country from all over the world make 90 percent of manpower.
- Government support & investment promotion
To process business in Dubai or anywhere in the region, government provide pre and post support services to investors such as with documentation, licensing, certification, postal codes and even capital.
- Benefits of Free Zones
Within the UAE, you’ll find specialised area with distinct set of import duties and tax customs that are commonly referred to as Free Zones. More than 35 free zones forms up the vast network that spreads across the major cities in the UAE such as Dubai, Sharjah, Abu Dhabi, Ajman, Fujairah, Ras Al-Khaimah and Um Al-Quwain.
The free zones are also networked all the way to the mainland seaports and airports. Some of the major advantages for a typical UAE business operating in the free zone are;
- 100 percent exemption from import and export tax
- Zero corporate tax for up to 50 years
- Possibility to deport all capital and profit investment
- No personal income taxes
- Support services like assistance with accommodation, hiring, sponsorship and much more
- Open trade
Dubai is also a member of the World Trade Organisation (WTO) thus encourages open trade for establishment of stabilised trade relations with Asia, North America and the Europe. As we speak, Dubai serves as a bridge between the east and the west when international trade is concerned.
Conclusion
The culture of excellence, quality lifestyle merged with above factors makes the UAE a best place to setup a business and expect growth faster than ever!