The UAE is a dynamic, progressive country that focuses on logistics, aviation, and defense. Its economy is based on oil, making it the eighth-largest oil producer. Besides, 30% of the country’s output is generated by financial services, technology, and real estate. Moreover, the government is implementing policies to attract top talent from abroad. In addition, the low crime rate and low taxation make it a highly attractive place for foreign investors. If you are looking UAE for business, RAKICC can help you effectively.
1: UAE has close to 50 free zones, many of which cater to specialized industries. Sharjah Media City is one of the most recent free zones, part of IFZA Dubai. In these free zones, businesses are allowed to be 100% foreign-owned. Companies that have a presence in these zones can benefit from tax-free business status, thereby facilitating their operations. In addition, these zones are also a great place for SMEs and startups.
2: Unlike many developed countries, UAE offers a highly competitive environment for foreign investment. The UAE has an extremely strong infrastructure, excellent logistics facilities, and 100% foreign ownership and long-term residency. The government has also made business easier by reducing regulations and offering long-term visas to foreign investors. Furthermore, the government has also been improving its business environment and lowering the barriers to doing business.
3: The UAE has also taken steps to boost the business environment. Its economic policies are competitive and open to international investments. According to survey, the UAE is a great place to invest in. Its strategic location, excellent logistics facilities, and long-term residency make it a good place for foreign businesses to expand. Moreover, the country’s free zones are also attractive. Obtaining a business license can be difficult in some countries, but it is much easier in Dubai.
4: For foreign companies looking to start-up or expand in the UAE, the government offers numerous incentives and opportunities. There are no licensing requirements, and the country has a low cost of doing business. Additionally, the UAE has a competitive tax environment. Hence, if you want to invest in the UAE, several advantages can help you build your business. The first benefit of investing in the country is that it is home to a diverse population of businesses.