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Business Setup in UAE- Jumeira Consultants
Jumeira International
Entrepreneurs around the world are looking for favorable business environment to establish their business ventures. If you are looking for a location to expand your business for prospects, then UAE may be the right choice, as you can find a thriving economy that offers great incentives to promote investments. The Middle East, especially the UAE is an attractive market to set up a business unit to sell your products or services. It is resource rich and has diversified economy that is most suitable to the investors world wide.
· UAE has an easy access to 1.5 billion consumer markets spread in Africa, West Asia, CIS countries, and East Europe as well as the countries surrounding the Red Sea and the Gulf.
· UAE owns 10% of world’s crude oil reserves, which will last for more than 100 years.
· UAE is one of the safest places in the world, both economically and politically for business incorporation.
· UAE free trade zones houses many companies with an estimated trade of around US$ 8 billion.
· Dubai Internet City has the operating offices of IT giants such as oracle, IBM, Cisco, Nokia, Ericsson, Hewlett-Packard and Nortel.
· Dubai Media City has the potential to link the GCC countries and the other nations of the world.
Advantages an entrepreneur can make use of are
Investment incentives such as zero personal and corporate taxes and absence of foreign exchange controls and trade barriers are very beneficial for business to grow. UAE boasts of modern infrastructure, 100% repatriation of capital and profits, and freedom from personal and capital gain taxes.
There are more than 21 Free Trade Zones in the UAE that act as catalysts for bringing in potential investors and thereby ensuring a great economy for the emirates.
The free trade zones offer a variety of incentives that play an important role in attracting investments. The share of free zones in non-oil exports increased from 22% in 1999 to 57 % in 2000 and the net exports from these zones have reached US $ 1.4 billion in 2000. In 2010, these zones house more than 6000 companies. The most important attraction of these free zones is that a foreign investor can establish a business entity with full ownership. Other benefits are 100% repatriation of capital and profits, no corporate taxes and no personal income taxes. Presently, there are 21 free trade zones in UAE and many more are coming up. So you may want to consider UAE for your business incorporation for all these advantages.
business setup in uae
Article submitted Sunday, April 03, 2011 & read 14 times.
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