Why Invest in UAE?

Advantages

The UAE has the advantage of:

• Strategic location
• State-of-the-art infrastructure
• Variety of business premises
• Political stability
• Social stability
• Ease of doing business
• Protection of intellectual property rights
• Favourable business regulations
• Open economy
• Economic stability
• No corporate tax.

Strategic location

UAE is blessed with a strategic location between the east and west, which makes it accessible to major emerging economies, linking shipping routes and facilitating goods' transportation between the various regions in Middle East, Asia, Europe and Africa.

State-of-the-art infrastructure

UAE provides advanced infrastructural facilities in all fields.

Variety of business premises

The UAE offers endless choices of business premises and locations. According to your business activity, you are at liberty to choose a place appropriate for operation whether on the mainland or in a free zone.

You can set up your business in:

• plush business centres
• fancy shopping malls
• state-of-the-art commercial furnished buildings and towers
• industrial areas
• free zones specialised in a range of industries from logistics to media, power and information technology.

Political stability

The UAE is a model of political stability. Since its formation in 1971, UAE has been a successful constitutional monarchy and continues to be so. This is because of the belief system of UAE's Founding Fathers in peace and justice and the continued belief of the present political system and government in the same. 

Social stability

Despite the presence of a large foreign community in the country, the UAE is a safe place to work in and develop your capital with favourable living conditions and quality of life. The UAE Government emphasises on tolerance in the society. Moderation and acceptance of others are innate in the UAE culture.

Ease of doing business

According to the Doing Business 2019 report, the UAE scored 11th rank globally and 1st rank regionally. The UAE scored impressive ranks in the following indices:

• Getting electricity - 1st rank
• Paying taxes - 2nd rank
• Dealing with construction permits- 5th rank
• Registering property – 7th rank
• Enforcing of contracts - 9th rank
• Protecting minority investors – 15th rank

Protection of intellectual property rights

It maintains protection of intellectual property rights, trademarks and it has enforced laws against piracy.

Favourable business regulations

The UAE signed major business international treaties to encourage business and foreign investments. It maintains tightened export control laws to prevent the movement of illicit goods as per Federal Law No. 13 of 2007 concerning Goods Subject to Import and Export Control.

Open economy

UAE has its own regulations which prohibit monopoly and encourage competition. The UAE encourages private sector growth and maintains liberal policies in terms of foreign exchange controls, visa policies and import regulations. The UAE has strong ties with key trade associations to strengthen its position as an open economy and player in the international trade and competition.

The UAE:

• is a member of the World Trade Organization ( WTO) since 1996
• is a party to the General Agreement on Tariffs and Trade ( GATT) since 1994
• is a member of the Greater Arab Free-Trade Area ( GAFTA) in which all GCC countries participate
• concluded Free Trade Agreements with Singapore and the EFTA bloc in 2008 and 2009
• is cooperating with the GCC countries to conclude the Free Trade Agreements with the EU, Japan, China, India, Pakistan, Turkey, Australia, Korea and the Mercosur bloc comprising Brazil, Argentina, Uruguay and Paraguay. 

Economic stability

The UAE's economy is growing at fast pace; its GDP increased more than 236-fold from AED 6.5 billion in 1971 to AED 1,540 billion in 2014 .

Currently, the UAE is implementing policies for a future beyond oil . The UAE plans to increase the contribution of the non-oil sector to 80 per cent of the nation's GDP in the next 10 to 15 years.

For this purpose, it has employed several strategies to promote its overall economic and social position and diversify its national income based on a sustainable and knowledge-based economy, away from the dependency on oil.

Other advantages

Some of the other advantages of investing in the UAE are:

• competitive energy costs, in terms of electricity, water and oil
• competitive real estate costs; minimal rent charges are applied to lease of lands allocated for industrial investment purposes
• competitive financing costs, high levels of liquidity and strong banking system supported by the government
• maximum customs fees are 5 per cent, which is the lowest rate in the region
• availability of skilled and unskilled labour at cost-effective rates
• implementation of many international agreements and reform regulations which protect labour rights and promote a healthy transparent relationship between the employers and employees
• availability of the choice to partner with local business people and explore different markets inside the UAE and the other GCC countries.