Getting To The Point – Businesses
Advantages of Being a UAE Businessman
United Arab Emirates consists of seven emirates which offer distinct business advantages to investors. The UAE is a country where there are latest innovation and modernity. 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.
There is growing and diverse economy in the UAE. The UAE is open to new ideas in the development of its economy as seen in the recent years. The growth has been witnessed in the tourism, science and technology industries. The economic success of this country has been greatly influenced by the existence of the petroleum industry. In addition to the petroleum industry, the government has also invested largely in the non-oil related industries. 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. For a while now, this country is recognized for harboring many businesses. You will get a chance to market The country has all the required facilities to accommodate international trade involving state of the art air and maritime ports. All these amenities make this country an appealing place to do business.
The taxes in this country are low. The government gives incredibly low taxes to business people doing business in their country. 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. The liberal labor policies makes it easy for this country to recruit employees to form any part of the world.
The country owns the latest technological inventions. The best telecommunication and IT in the world is found in this country. 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.
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