Why you should invest in the UAE

The United Arab Emirates (UAE) holds tremendous promise as an investment-friendly country. Primarily, it is its strategic location on the world map that gives it a competitive edge like none other. Doing business in the UAE is uncomplicated and hassle-free. The progressive and pro-business government has chalked out versatile policies that ensure minimal red tape and an almost tax-free environment. If you have a business on your mind, then there are numerous reasons why UAE is an ideal choice. Here’s a detailed understanding of why entrepreneurs – established and emerging – must invest in the UAE.

UAE is one of the highest-performing economies in the Middle East. Poised as the second-largest economy in the region, there is a lot of behind-the-scenes strategic brainstorming and innovative implementation that goes on to provide comfortable business settings. Further to attractive oil and gas revenues, UAE’s economic diversification drive has enabled the economy to bolster other sectors such as tourism and hospitality, transport and logistics, and real estate. As a result, the country offers exponential ease of business for entrepreneurs and investors; it is ranked 16th in the ‘Ease of Business’ Index by the World Bank. UAE is leading from the front as far as business and investments are concerned.

UAE’s turnaround of fortunes is, for the most part, a masterstroke of the Government. Propelled by visionary leaders and their astute leadership, its business culture got a makeover that refueled the country’s market potential. The introduction of attractive corporate policies has created room for new and existing businesses to expand operations across the seven emirates. When businesses set up shop in the UAE, they do not have to worry about paying high corporate or personal taxes. Another huge upside is the fact that businesses can implement 100 percent repatriation of the capital invested and profits earned. Similarly, the government has approved the initiation of 100% Foreign Direct Investment (FDI) in specific sectors. More recently, as part of the government’s campaign to boost investors’ confidence, a new law has been decreed whereby investors and professionals can apply for a 10-year residency permit.

Ranked 17th among the world’s top 20 most competitive economies, UAE’s economic strategies and initiatives have been lauded by the World Economic Forum. On its part, the country continues to make conscientious efforts in matters pertaining to infrastructural developments and advancements. The UAE’s geographical location is its trump card and leveraging on the same, it has set in place impressive air, road, and sea infrastructure to cater to the heightened levels of global business and trade movements. The country’s relentless commitment to innovation in infrastructure building and development has yielded many global awards and recognitions.

UAE’s global trading hub status is boosted by the fact that the country enjoys a stable economy. UAE ranks third in the Safety Index. As a thriving member of the World Trade Organization, UAE’s trade policies are rather accommodating – open trade and stable trade relations are hallmarks of the country’s business dynamics with countries around the world. Above all, UAE’s ever-growing touristic appeal has turned it into a tourist haven. Dubai was ranked the World’s Fourth Most Visited City in one of the global surveys in 2019. It is well-placed as one of the most cosmopolitan cities and is very popular as a business and tourism destination. Other emirates such as Abu Dhabi and Sharjah are also opportunity-rich venues.

With so many factors backing up UAE’s investment-friendliness, now is a good time to make some smart business and investment decisions. To help you do so most effectively and profitably, you can count on MBG Corporate Services as your trusted partner. Our team of consultants can help you identify your business potential in the UAE market. We conduct Feasibility Studies and a thorough research. Our consultants have in-depth knowledge of the Middle East market and the UAE in particular, as well as the regulations pertaining to registering a company in the region. We also provide services on Audit and Assurance, Mergers and Acquisitions, Technology and Legal Advisory, Risk Advisory, Unified ICV and other solutions.