Advantages of Being a UAE Businessman
There seven emirates that constitute the United Arab Emirates offer exemplary business advantages to investors. The newest innovations and modernity are present in this country. The country is known to be among the richest in the world. The attraction of investors to this country is as a result of the diversity in economy and tourism. Here are some of the key benefits of owning a business in the United Arab Emirates.
The country is characterized by a diverse economy which is constantly growing. The UAE is open to new ideas in the development of its economy as seen in the recent years. The tourism, science, and technology industries have greatly developed. The economic success of this country has been greatly influenced by the existence of the petroleum industry. The government has invested in developing the industries which are non-oil related. To avoid being left behind in the growing technological inventions, this country has greatly invested in growing their technology industry. The presence of oil has resulted in lower costs in housing, water, electricity, and gas.
The world’s trade and commerce is centralized in the UAE. The location of UAE is at the center of some trade and commerce routes which are the most important in the world. Since centuries ago, UAE was a world-class trading hub. You will get a chance to market our goods in the entire world once you set your business here. The country has all the required facilities to accommodate international trade involving state of the art air and maritime ports. As a result of this, it becomes an attractive place for carrying out your business.
The taxes in this country are low. The government gives incredibly low taxes to business people doing business in their country. It lacks foreign exchange controls, trade barriers and personal taxes thus encouraging international businesses. The major advantage you will accrue from locating your business here is the lack of income tax. The liberal labor policies makes it easy for this country to recruit employees to form any part of the world.
There is a wide variety of the twenty-first century technological solutions. The telecommunication and IT of UAE has been praised over time. The modern facilities and infrastructure makes the country conducive to many business operations. There are cultural programs run by the government to cater for the international business people. Learning the language ensures that you can communicate well with the people in the country. As a result of learning the language of this country, your employees will find it easily interact with your customers who will mainly be the Emirati.