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. It was ranked as one of the wealthiest states after oil discovery in the region. The attraction of investors to this country is as a result of the diversity in economy and tourism. The reasons why you should consider investing in this country are highlighted below.
The economy of this country is always growing and changing. The country easily embraces new changes that lead to the growth of its economy. The tourism, science, and technology industries have greatly developed. 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.
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. Since centuries ago, UAE was a world-class trading hub. Establishing your business here will enable you to access markets from all over the world. The country has all the required facilities to accommodate international trade involving state of the art air and maritime ports. As a result of this, it becomes an attractive place for carrying out your business.
The taxing system of this country is quite 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. The major advantage you will accrue from locating your business here is the lack of income tax. 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 modern facilities and infrastructure makes the country conducive to many business operations. The country offers cross-cultural training programs for companies doing business with them. Being able to understand the local and national business culture is important in ensuring that you can successfully operate abroad. Your employees are equipped with this information to enable them to interact efficiently with their Emirati counterparts.