Business
Why the UAE is unbeatable in terms of ease of doing business The authorities in the UAE are currently in the longterm plan of changing the economic focus of the country from the oil and gas industry. As a result, they are making the markets in the country easily accessible to investors and entrepreneurs from all over the world. They are doing this by making it easy to start a business in the UAE, as well as providing various incentives to attract foreign investment. Benefits such as 100% exemption from corporate and personal taxes, 100% repatriation of capital and profits, 100% exemption from tariffs on export and import, etc. play a huge part in the success of their 16
plan. However, these benefits would not matter if the ease of doing business in the country was not up to the mark. Although the UAE authorities have announced 9% corporate tax starting June 2023, it does not affect Freezones therefore expats can still benefit from 0% tax and enjoy all the current benefits. One of the main reasons it is so easy to start a business in the UAE is due to the availability of business consultancies in the UAE. These firms consist of experienced experts who help both locals and foreigners to start their businesses. Due to the networks and connections these consultants have
