Business in the UAE: is it worth starting?
The United Arab Emirates market opens opportunities for entrepreneurs from all over the world who are not only doing business with the UAE but have relocated production to the country in full.
In this article, we will look at the reasons for the UAE’s investment attractiveness.
The first reason is the systematic economic growth, by the end of this year it will be more than 5 percent.
The English Economist magazine reports that the growth rate has outpaced Mexico, Turkey, and China. If this trend continues, the UAE will enter the top 20 countries with the most dynamically developing economy.
The second reason is the lack of inflation. The exchange rate of the Arab dirham to the dollar has not changed for more than 50 years.
The third reason is that there is also no corruption in the country and programs to attract investors are working.
The business on average fixes a profit of 30 percent on average. Such business profitability is guaranteed by low tax and customs rates.
Moreover, the UAE is a transport hub that connects European states with Africa and Asia. For this reason, the UAE is often called the “gateway to the Arab world”.
After opening a business in Dubai, you will get a huge sales market and low, and sometimes completely absent customs duties.
The Emirates are always interested in attracting foreign investment, so after starting a business, you can easily legalize in this country and get the same legal status as UAE citizens.
Business gives the right to obtain the status of a resident of the UAE, as a result, you will be able to change the status of a tax resident, which looks very attractive in conditions of low rates.
The procedure for starting a business in the UAE is transparent and extremely understandable to any potential entrepreneur. You will be able to start your own business in the UAE, there is no need to involve intermediaries.
The UAE is an open country that is always waiting for new investors, has created the most comfortable conditions for any business, both small and large.