Advantages of Being a UAE Businessman
There seven emirates that constitute the United Arab Emirates offer exemplary business advantages to investors. The UAE is a country where there are latest innovation and modernity. The oil discovery in the region lead to an increase in the ranking of the country regarding the national wealth. The attraction of investors to this country is as a result of the diversity in economy and tourism. In this article, the benefits of being a businessman in the UAE are mentioned.
The country is characterized by a diverse economy which is constantly growing. The country easily embraces new changes that lead to the growth of its economy. The tourism, science, and technology industries have greatly developed. The petroleum sector is the biggest contributor to the economic success of this country. 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 oil business has led to cheaper 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. Establishing your business here will enable you to access markets from all over the world. Presence of spectacular air and maritime ports enables this country to host international trade. You will be able to easily carry out your business in this countries with the presence of these amenities.
The taxes in this country are low. As a way to increase the number of businesses in the country, the government imposes low taxes on the business people. It lacks foreign exchange controls, trade barriers and personal taxes thus encouraging international businesses. The absence of income tax to foreign companies is one of the main benefits of establishing your business in this country. It is made possible to employ people from all over the world due to the liberal labor policies present in this country.
The country owns the latest technological inventions. The best telecommunication and IT in the world is found in this country. The country can accommodate every type of business since it has highly developed facilities and infrastructure. There are cultural programs run by the government to cater for the international business people. You will find it easy to interact with the people of the UAE once you learn their language and cultures. Your employees are equipped with this information to enable them to interact efficiently with their Emirati counterparts.