The United Arab Emirates today is one of the best and growing business countries in the Mideast. In addition to a strategic geographical advantage, not only does it provide the country with global connectivity which attracts investors and tourists from all over the world. There is also a visionary government that helps business industries thrive with supportive initiatives.
More and more people are opting to open up a business or take their products to the East. A good example of this is found in the world of entertainment. More and more UAE online casinos can be found on the web. These casinos that want to offer their services in the country come with the best software developed in the market. In addition, players can choose from a wide variety of games, some of which can be played with a real dealer. In this way, a unique gaming experience is achieved no matter wherever they are. In addition, they offer unbeatable bonuses and payment methods accessible to all. However, for a more secure gaming experience, it is advisable to use a VPN to keep your information and payment methods safe.
For those interested in opening a new business in cities such as Dubai, Abu Dhabi or Ras Al Khaimah in the United Arab Emirates, here is all the information you need to know:
Here are five main reasons why entrepreneurs from many parts of the world choose to incorporate a company in the UAE.
Five reasons to set up a business in the United Arab Emirates
Setting up a company in the United Arab Emirates is simple and fast.
In the United Arab Emirates you can complete the entire process required to open an enterprise digitally and without major complications. From authorising banking transactions to electronically signing up any official document.
Once you have decided what business activity you wish to carry out and the company structure is ready, you can provide the necessary documentation and request the licence. If all the documents are in place, the company can be effectively incorporated in a week.
Doing business easily
The United Arab Emirates offers a good business-friendly environment for start-ups and bigger enterprises, as well as multinational giants; all of them working in a variety of industries to expand and prosper. Here are some features of why doing business in the UAE is simple:
Connectivity
The UAE not only has a strategic location in the region, but also has numerous well-managed and well-positioned ports and air routes that make it easy to do business as they are considered key logistics hubs.
Entrepreneurs setting up in the country can find it easy to develop new market opportunities and to establish connections and trade with customers and suppliers in the Arabian Gulf, Africa, Asia and Europe regions.
Infrastructure
An important point in the process of registration of a company is the place chosen in the Emirates. The main zones are classified as either ‘free zone’ (free zone) or local companies (non-free zone). The latter are businesses registered under the government and laws of each emirate, the free zone is governed by a different jurisdiction.
Corporate services
When setting up a business in the United Arabian Emirates, especially if a free zone is chosen, field staff are available to assist clients throughout the process. Free consultations are available to support clients in completing the necessary governmental formalities in the process, including all the documents needed for business licensing and visa.
Lowest corporate taxes in the world
The United Arab Emirates has one of the lowest corporate taxation rates in the world. The world economy average is 23.5 per cent. In contrast, the UAE plans to charge 9 per cent tax on enterprises with profits of more than Dh375,000 by 2023.
One hundred percent foreign ownership
Until just a couple of years ago, foreign entrepreneurs who wanted to open a new business in the UAE’s unfree zones had to have an Emirati partner who owned 51% of the shares of the business. However, investors can now own the company and control its business operations without having to worry about finding a trusted local partner.
This amendment to the country’s Commercial Companies Law in the beginning of 2021 was acclaimed by the international business communities, giving a boost to foreign investors and encouraging more entrepreneurs to set up in the United Arab Emirates.