Advantages of Being a UAE Businessman
There seven emirates that constitute the United Arab Emirates offer exemplary business advantages to investors. There is a lot of modernization and latest inventions in this country. It was ranked as one of the wealthiest states after oil discovery in the region. The diverse economy and tourism has made UAE an attractive country for investors. Here are some of the key benefits of owning a business in the United Arab Emirates.
There is growing and diverse economy in the UAE. The economy of the UAE has undergone a lot of diversification in the recent past. It has witnessed significant growth in the tourism, science and technology industries. The main source of the economic success of the UAE is the petroleum industry. In addition to the petroleum industry, the government has also invested largely in the non-oil related industries. The ever-changing inventions in the technology has led to this country greatly investing in its technology industry to keep up. The greatest advantage of the oil industry is the reduction in pricing of housing, water, electricity, and gas.
Most of the world’s trading transactions and commerce are found in this country. The location of UAE is at the center of some trade and commerce routes which are the most important in the world. The country has been known to have a lot of business operations for decades. 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 government charges low taxes on goods. As a way to increase the number of businesses in the country, the government imposes low taxes on the business people. The growth of the international businesses located in the country is influenced by the absence of foreign exchange controls, trade barriers and personal taxes. Exemption of foreign companies in paying income tax is one of the main advantages of having your business in this country. Any person from across the world can receive employment in this country as there exist liberal labor policies that support this.
The country owns the latest technological inventions. Over the years, this country has been known to have excellent telecommunication and IT. The modern facilities and infrastructure makes the country conducive to many business operations. The country offers cross-cultural training programs for companies doing business with them. You will find it easy to interact with the people of the UAE once you learn their language and cultures. 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.