Why should I Invest in the UAE? Know the Top 5 Countries that Invest in the UAE
Businesses from around the world invest in the UAE making the country rank 1st among the Arab countries that attract foreign direct investment. The top 5 countries that invest in the UAE are:
- Switzerland
- India
- United Kingdom
- United States of America
- France
Why should you invest in the UAE?
Security and stability are two of the main reasons why foreign business is setting up businesses or investing in the UAE. Apart from that, some of the other benefits you can enjoy investing in the UAE are:
- UAE offers innovation at its best
Most types of businesses can make use of knowledge, skills, finance, and technology that are available within arm’s reach. Whether you have a manufacturing business or a healthcare business, UAE can offer innovation and advanced technology in most cases.
- You can enjoy a tax-free regime
With over 40 business areas, called free zone areas, you don’t have to pay income tax. The free zone areas include industries including finance, aviation, vehicles, etc. You can even have full ownership rights now, with simple and precise custom rules and regulations.
- UAE possesses a dynamic society
The UAE today is on a whole new level when it comes to accepting diversity and foreign business investors. The UAE population boasts cultural and religious diversity, and the Ministry of Tolerance makes sure of its promotion.
UAE has also recently made its working structure better by reducing its workweek to 4-½ which was 5 days before. The country mostly took this step to meet the preference of countries that follow a similar working structure.
- UAE offers ease of doing business
The Doing Business 2019 report says that the UAE is on the 11th rank globally for being a hub where you can easily set up and grow your business. Some of the areas where the UAE ranks among the top countries are electricity installation, tax payments, construction permits, property registration, and many more.
Know more: Is your UAE-based business ready for corporate tax?
Conclusion
Consulting firms like Consultycs help foreign investors to set up their businesses in the UAE. The company offers services from corporate fund-raising to banking assistance, and many more.
