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. It was ranked as one of the wealthiest states after oil discovery in the region. The country became a hub for investors due to its diverse economy and tourism. The reasons why you should consider investing in this country are highlighted below.
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. It has witnessed significant growth in the tourism, science and technology industries. The economic success of this country has been greatly influenced by the existence of the petroleum industry. The Emirati government assigned a lot of money in the growth and development in the non-oil related industries. The larger amount of the money was allocated to the virtual technology industry to keep up with the new world inventions. The oil business has led to cheaper 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. Locating your business in this country is advantageous to you since you will be able to get a market for your goods in all the continents. The country has invested in advanced air and maritime ports to ensure they cater for all international traders. As a result of this, it becomes an attractive place for carrying out your business.
The government charges low taxes on goods. The business people in this country are lucky to pay low taxes to this government. 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. International companies that do business with this country get a chance to learn the culture of the country. 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.
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