Not having a business set up in the UAE can come with several disadvantages, including limited access to the market, difficulty in navigating local regulations, limited visibility, and more. With the close support of the UAE authorities, we have developed a unique structure that allows international companies a quick, cost-effective and low-hassle set up and licensing path to establishing a corporate presence in the UAE.
The UAE is a popular destination for businesses looking to expand their operations in the Middle East. With its strategic location, favourable tax environment, and ease of doing business, the UAE offers several benefits for companies looking to set up shop in the region.
The UAE is located at the crossroads of Europe, Asia, and Africa, making it an ideal location for businesses looking to expand into these markets. The country has a well-developed infrastructure, with modern airports, seaports, and highways, which makes it easy to connect with other parts of the world.
The UAE is also strategically located in the Persian Gulf, which is a key oil-producing region. This means that businesses in the oil and gas sector can benefit from being located in the country, as they can easily access oil reserves and infrastructure.
One of the main reasons why businesses choose to set up in the UAE is the favourable tax environment. There is no personal income tax and corporate tax in the country (from 1st June 2023) will be 9%, which can result in significant cost savings for businesses operating in the region compared to other developed countries when it comes to doing business. Additionally, the UAE has a value-added tax (VAT) of 5%, which is one of the lowest in the world and making it an attractive location for businesses that rely on the consumption of goods and services.
Ease of Doing Business
The UAE is ranked as one of the easiest places in the world to do business, with streamlined procedures for setting up a company, obtaining licenses, and registering property. The country continues to make significant efforts to improve its business environment, which has resulted in a more efficient and transparent regulatory framework.
The UAE government has also implemented several initiatives to promote entrepreneurship and innovation. For example, the Dubai Future Accelerators program connects startups with government entities and private sector companies to develop innovative solutions to complex challenges.
Access to Global Markets
The UAE has a well-established business ecosystem that connects businesses with global markets. The country is home to several free zones, which offer tax incentives, 100% foreign ownership, and simplified procedures for setting up a business. The UAE is also a hub for trade and commerce, with access to key markets such as India, China, and Europe; thus, making it an ideal location for businesses looking to expand their operations globally.
Overall, the UAE offers several benefits for businesses looking to set up in the region. With its strategic location, favourable tax environment, ease of doing business, and access to global markets, the country provides a conducive environment for businesses to thrive across multiple sectors. As such, it is not surprising that the UAE is a top destination for businesses looking to establish a presence in the Middle East. Get in touch to learn more on how our business set-up incubator programme has supported hundreds of companies expand and thrive in the region.