When considering doing business in a foreign country, any investor needs to consider a range of commercial issues that influence the decision of setting up in a country. The UAE could be an attractive hub for investors to locate their business interests for the following reasons:
- The UAE has one of the most liberal trade regimes in the Gulf region and attracts strong capital flows from across the region.
- UAE is focussed on economic diversification in trade, logistics, banking, tourism, real estate and manufacturing and provides opportunities in various industries.
- UAE has a well-established infrastructure, strong banking system and a stable political system.
- UAE provides a tax favourable environment for most industries.
- There are a high number of expatriate workers at all levels of the economy such that expatriates accounts for over 80% of the work force.
- There are no exchange control restrictions and it is possible to have unrestricted repatriation of income and capital.
- UAE’s culture is driven by Islamic traditions, however, with over 150 nationalities, expatriates are able to practise their own cultures.
- UAE provides a safe and secure family environment with one of the lowest crime rates in the world.
- The UAE consists of seven separate and independent Emirates: Dubai, Abu Dhabi, Sharjah, Fujairah, Ras Al-Khaimah, Umm Al-Quwain and Ajman. Each of these administrative units opens its own unique features and benefits for business. If certain Emirates, for example, are more suitable for tourist or hotel business, the others can be more attractive as industrial centres. You can choose the most suitable option and the most optimal conditions for carrying on business, depending on the kind of activity of your company and the range of your business.