Start a Business in the UAE
Here’s why
Dubai is unarguably one of the largest business hubs, and the UAE an entrepreneur’s playground. There are many reasons why the UAE is an ideal place to start a business.
The external business environment, including the economy, the legal framework, and the society is close to perfect to build a successful business.
Reasons why the UAE is an Ideal Place to Start a Business: Tax-free Consumption capacity Thriving Economy Diverse WorkForce Innovation & Development Government Support Infrastructure Tax-Free
With plans of introducing low rates of VAT and other indirect taxes across the GCC, the introduction of individual income tax is unlikely in the near future.
There has also been talk of a decrease in the corporate income tax levels, and its application to a broader base. However, Free Zones remain tax-free.
Consumption Capacity
ď ś The Emirates are extremely populated with locals, foreign workers, and tourists. ď ś This entails a high capacity of consumption of goods and commercial services.
Thriving Economy
The Majority of the UAE’s revenue comes from Oil reserves. However, the UAE’s non-oil GDP has had a growth of 8.1% in 2014.
Diverse Workforce
ď ś The majority of the population in the UAE are Expats. ď ś The liberty to recruit professionals has developed a highly-skilled workforce.
ď ś Innovation is the cornerstone of every sector in the UAE. ď ś A hunger for growth keeps the UAE on par with the rest of the world.
The UAE is constantly advancing, Improving business operations Restructuring entire sectors Implementing the latest technology and Helping businesses grow
Government Support
ď ś The Government supports foreign investments. ď ś Dubai and Abu Dhabi invite foreign ownership of stocks and property.
The Legal Framework of the UAE is designed to improve and support foreign trade and investment, in favor of entrepreneurs and businessmen.
Legal Framework
Infrastructure ď ś The UAE boasts a top-notch infrastructure, which is one of the finest in the world. ď ś You can take advantage of this promote the growth and success of your business.
A Sound infrastructure is a necessity for the smooth functioning of businesses. The UAE’s exceptional infrastructure allows businesses, transport, and logistics to flourish and grow.
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