The United Arab Emirates is one of the best countries for setting up a company. If you have a business plan and want to set up the business into one of the safest, fastest and richest countries in the world, then the United Arab Emirates is the right place for your business. Whether you want to start a new business or to open up a branch of your business outside the country, then the United Arab Emirates is definitely a good place. This is because the procedures for starting business or company formation are flexible and transparent.
In most of the cases, the company formation in UAE takes only a few days. If you finish all the procedures and all other relevant requirements then the process of setting up the company is no more difficult for you. The United Arab Emirates is unique in its way and it offers a number of advantages for setting up a business or to start a new company or branch.
Advantages of starting business in UAE
The business setup in Abu Dhabi has the following advantages,
Global trade hub
The main advantage of starting a business in UAE is it follows an open and free trade with the trading partners. Also, the average tariff rate for entering goods into UAE is 5 percent only. Also, the country has free zones that provide duty exemptions and tax to the traders. In addition, the open border foreign labor policy of The United Arab Emirates is an added benefit for private companies and allows them to recruit employees at internationally competitive wages.
Intentional location of the country
The United Arab Emirates is situated between Asia, Africa, and Europe. Hence company setup in Dubai, Arab Emirates enjoys good trading conditions. A number of countries are in stable business relation with the United Arab Emirates. In addition, some of the countries in the world like China, India, Latin America and Western countries use The United Arab Emirates to reach other countries. Hence starting business in The United Arab Emirates will give more scope to the business
Low import duties
Goods and items that are needed for running a business can be imported to the United Arab Emirates on extremely low import duties. In addition to this, the goods and items that are imported into the free trade zones are entirely exempt from the import duties.
There is a different company set up services are available in UAE which helps in setting up business or company formation in UAE.