Here you can get the most out of business activity due to low income taxes (5% VAT), personal profits and dividends. Every year, the number of business licenses is growing by 3-5%, which indicates the attractiveness of the region for investment from all over the world.
However, starting a business in the UAE has its own features, which need to be carefully examined if you decide to transfer your capacities to this country. The UAE market is quite young, and there are many low-competition niches where you could prove yourself as efficiently as possible.
What business is most in demand in the UAE now? Here are some ideas for business setup in UAE to your consideration.
An important condition is the need for partnership with a local resident.
Whether you’re planning to sell your own manufactured goods or create a platform for the sale of goods from other stores, you should conclude an agreement with a delivery company, and then you can open an e-store in a free economic zone.
Opening a business in the UAE is an opportunity to maximize profits within the country and around the world, to trade in the single tax and customs space of the Arabian Gulf countries, to obtain the status of tax resident of the country and protection from tax exchange.
You will work in conditions of equal competition, because the UAE laws guarantee equal rights and opportunities for doing business for local residents and foreigners.
You’ll benefit from preferential conditions for organizing business in priority sectors of the economy for the state.
The absence of inflation, stability and a high level of domestic consumption allow you to feel free in the country and develop a successful business.