All seven states together make the UAE: Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah, and Fujairah. These emirates bring a beautiful balance between all the cultural and traditional values with that of the Western culture.
From just being a barren desert land to now transforming into this massive area of vibrant and exotic space, it has provided space for tourists and investors to build their Businesses in this ambitious country.
Benefits of Expanding your Business to UAE
To form a business in the UAE, there are a few advantages, including:
Find a Proper Location:
It Is strategically located between Asia, Europe, and Africa, making it an international hub for trade and commerce. With this feature, businesses can be benefited from the excellent transportation infrastructure and by getting access to all main global markets.
UAE is considered to have the best environment to do business without corporate and income tax. This is redeemed to be a great feature to attract people for starting a business in UAE, which would help them reduce a lot of costs in their overall business.
The well-established legal system and open regulations, and beautiful business environment make Dubai an easy place for starting a company in Dubai and also allows for smooth business operations.
Access to Talent:
There are many varied and proficient people working in the UAE. Any foreigner can come and easily settle in the UAE with an ample amount of opportunities available in the country.
Uae majorly is famous for its fast growth, stable economy, GDP per capita of the country, and diversity in their economy gives hope for other foreigners to starting a business in UAE.
Growing your business in this beautiful country would give you accessibility to all the global new markets, helps you to save money, and gives a reassuring business environment for any business.
Different Industries to expand business in UAE
The UAE is filled with a lot of opportunities for people who are starting or expanding their businesses. A few major industries which give investors a huge amount of profit are mentioned below:
Real estate in UAE has been booming with massive growth every year. So if you invest in the Real Estate of the UAE market, then you will definitely get a huge profit.
Tourism and hospitality
With lots of places and monuments to see in the UAE, it is considered to be one of the most famous tourist attractions in the world. All these have led to the need for the hospitality sector, which includes restaurants, hotels, and all other entertainment places, and so on.
UAE is considered to be the leading financial hub in the middle east; with all the developing financial institutes and banks, and the banking systems, it also provides job opportunities for many foreigners to come and settle in UAE.
UAE being a developed country, looks mainly to have a very great medical facility for its citizens and anyone who comes to its country. There is a separate city called the DHCR healthcare city which majorly focuses on all the healthcare sectors, which includes hospitals, clinics, medical equipment supply, and pharmacies.
Without a doubt, UAE stays at the top for all technological and startup innovations, with a very supportive environment for investors and businesspeople. There are opportunities for business in all these IT, startup, software, hardware developments, and e-commerce.
There are many more business opportunities that UAE has in stock. Anyone who is interested in starting any kind of business in the UAE must make sure that they choose the correct industry considering their strengths and weaknesses. In this way, if you start a business in the UAE, you will definitely make a huge profit.
If you wish to start your own business in Dubai, then have a solid business plan which can never go wrong. All you have to do is reach out to an expert team who can help you to create the best business structure and plan.
Start Your Business in UAE with Business Setup Worldwide!
First of all, Business Setup Worldwide is here to help you to set up your business hassle free anywhere in the UAE. All you would have to do is to just find out which part of UAE would be the best and would fit your business budget and concept. You can leave the other things to our experts. They will make sure all the documents, requirements, and other necessary things to set up the business are set. Please get in touch with our consultants to get more information on starting a business in the UAE.
Why is the UAE the best business place?
Investment incentives, with 100% foreign ownership in 122 economic activities spread across 13 sectors. Profit repatriation at 100%. An efficient visa system that allows for a 10-year renewable residence visa. Competitive financing costs, high liquidity levels, and a robust banking system.
Can foreigners do business in UAE?
The UAE Government amended the federal Commercial Companies Law, allowing foreign investors to own 100% of certain businesses. This means that foreign investors' shares will no longer be limited to a maximum of 49% but can now be up to 100%.
Which business is in high demand in Dubai?
According to Forward Keys, with 4.88 million tourists last year, Dubai is considered the #1 destination city, making the property market in Dubai so lucrative. Dubai's real estate market offers various opportunities, including property development, property management, and brokerage.
What is the main advantage of the UAE?
It provides numerous benefits to immigrants, including low taxes, the ability to easily start a business, the right to apply for a permanent residence permit if you purchase housing in the UAE, and other benefits related to living standards and service.