This page throws light on the advantage of investing in the UAE which include: strategic location, state-of-the-art infrastructure, variety of business premises, political stability and more.
The UAE has the advantage of:
The 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.
The UAE provides advanced infrastructural facilities in all fields. In March 2016, Dubai announced to set up the world’s biggest wholesale city , with an investment of AED 30 billion. The city, which will occupy an area of 550 million sq ft aims to help the UAE acquire a significant share of the global economic sector, estimated at USD 4.3 trillion. The city will be linked with Jebel Ali Port and Al Maktoum International Airport and will provide logistical support that will fully link with four continents.
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:
The UAE is a model of political stability. Since its formation in 1971, the UAE has been a successful constitutional monarchy and continues to be so. This is because of the belief system of the UAE’s Founding Fathers in peace and justice and the continued belief of the present political system and government in the same.
As per Al Bayan’s report , the UAE has 102 diplomatic missions abroad which include 80 embassies, 18 consulates and 4 permanent missions. There are 199 foreign diplomatic missions in the UAE which include 110 embassies and 73 consulates.
The UAE is a member of Gulf Cooperation Council (GCC), Arab League and the UN and its agencies. According to the Global Peace Index 2016, the UAE is the third most peaceful country in the region.
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.
With 110 crimes , the UAE had one of the lowest level of violent crimes in the world in 2015. The UAE ranked 9th among countries with lowest crime rates and 4th concerning assault offences in general. These rankings are better than many advanced countries around the world.
According to Doing Business 2017 , the UAE scored 26th rank globally and 1st rank regionally. The UAE’s global ranks in the various sub-indices are as follows:
It maintains protection of intellectual property rights, trademarks and it has enforced laws against piracy.
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.
The 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.
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.
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. Read about strategies and plans here.
Some of the other advantages of investing in the UAE are:
UAE Fact Sheet
Jebel Ali Freezone Authority
Dubai Industrial City
Khalifa Port Free Trade Zone
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