Why Do Business In The UAE?
The UAE has caught the eye of overseas entrepreneurs for years. It’s not hard to see why. The country’s thriving startup scene is boosted by favourable tax conditions, rising per capita incomes and a diverse metropolitan economy that ranked as one of the world’s top in 2017 – with growth projections of 3.1%.
- The UAE economy ranked 16th in the World Economic Forum’s Global Competitiveness Report 2016-2017.
- Dubai ranked in the top 5 fastest growing metropolitan economies by the Brooking Institute.
- The UAE leads the ranking for the best business conditions found in the world's emerging markets, according to the 2016 Agility Emerging Markets Logistics Index.
Strategic location
The UAE is the ideal location from which to trade with the booming and emerging markets of Asia, Europe, the Middle East, and North Africa. Plus, with one-third of the world’s population within a four-hour flight of the UAE, and two-thirds within eight-hours, its strategic location makes it the ideal global trade hub.
No corporate taxation
While VAT is set to be introduced in 2018, there is still no corporation tax in the UAE. Not only will your business become more profitable by not being subject to corporate tax, it will be valued more highly should you go public in the future.
World class infrastructure
The UAE’s buzzing economy has always been based on trading, from its humble beginnings to the present day. And its modern infrastructure is built for global trade with seven international airports, a new rail network under construction and a busy cargo and maritime industry set to be worth USD 66bn by 2018.