The United Arab Emirates (UAE) has become a leading global hub for businesses focusing on innovation, artificial intelligence, and entrepreneurship. This transformation has drawn significant foreign investments, enhancing the UAE’s standings on international business and investment indices. The UAE actively encourages investors through a variety of incentives, supports entrepreneurial initiatives, and fosters the creation of new enterprises to diversify its economy. By continuously improving its business environment, the UAE seeks to amplify the role of investments in its economic landscape. The Emirates News Agency (WAM) has outlined many advantages and incentives available to investors in the UAE. These initiatives have greatly increased the nation’s investment appeal, attracted considerable investments, and reinforced its status as a premier global investment destination.
Efficient Business Setup:
Basher Platform: Facilitates business establishment in just 15 minutes, bypassing the need for physical documentation and government office visits.
Complete Foreign Ownership:
As per the 2020 Commercial Companies Law, foreign investors can fully own their businesses without requiring a UAE national sponsor.
Extensive Free Zones:
Over 40 Free Zones: Offer full ownership rights and cater to a wide range of economic activities, providing strategic business locations.
Varied Economic Opportunities:
2000+ Activities: Investors can explore sectors like trade, industry, agriculture, services, education, health, and construction.
Diverse Company Structures:
Options include public and private joint stock companies, limited liability companies, and more.
No Local Sponsor Needed:
Foreign businesses can operate without a national agent, streamlining the setup process.
Flexible Capital Requirements:
No minimum capital is needed for limited liability companies, offering greater flexibility in business planning.
Tax Benefits:
No income tax on individuals, enabling full repatriation of profits.
Golden Visa:
Long-term residency (5-10 years) available for investors, entrepreneurs, and talented individuals, supporting long-term business and personal plans in the UAE.
Ease of Contracting Professional Labor:
The UAE’s flexible labor policies and ability to attract foreign workers have developed a highly specialized workforce across various disciplines.
Low Tariffs:
With tariffs ranging from zero to 5 percent, the UAE is a prominent hub for international trade, ranking third globally and first in the Arab world for re-exports.
Incentives for the Industrial Sector:
Competitive financing options, strategic tariffs, customs exemptions on machinery and raw materials, and initiatives like the National Content Program and Make in the UAE campaign support key industries such as technology and manufacturing.
Supportive Legal Environment:
The UAE’s legal framework supports business ownership and operation, ensuring transparency and fairness for foreign investors.
Strategic Location:
Situated at the crossroads of major global trade routes, the UAE provides unparalleled access to markets in the Middle East, Africa, and Asia.
Modern Infrastructure:
World-class infrastructure including advanced logistics, transportation networks, and telecommunications supports efficient business operations.
Skilled Workforce:
A diverse and highly skilled workforce is available, with a strong emphasis on education and training to meet the needs of various industries.