Why UAE is the best location for new company formations?

If you are fed up of working under someone else, it’s time to make changes in your life. To be your own boss, it is important to start a new business. Now the question is where to set up this business? Dubai is one of the perfect destinations for professional company setup in UAE.  Wondering why to choose Dubai as the business location? Below mentioned are some of the reasons shortlisted before starting a new venture.

·         Growing economy- UAE is open to all for all business opportunities and activities. From the past 40 years, UAE has been considered as the best location for doing business. This is because of the high per capita income, open economy and high trade yearly surplus. Most of the countries are involved in Mainland Company set up in UAE as well as they are shifting their base locations to this country.  The main reason for mushroom growth of the economy is that the Emiratis are rich and they provide stability to all the companies in terms of financing. This paves way for huge flow of imported capital thus making the economy stronger.

·         Proper legal framework-  To welcome foreign investment in the country, The Government of United Arab Emirates have reviewed the legal structure for those international investors willing to set up new business.  The rules and regulations for professional company setup in UAE by the foreign investors are completely different. However, the criminal law is same for both the national as well as the foreign investors. Registration and License is a must. There are very less number of red tape cases as compared to other countries.

·         Infrastructural facilities- The government has done a commendable job by providing ample infrastructural opportunities for the owners. This is done to ensure that no business owners work efficiently without facing any trouble. Mainland Company set up in UAE has become extremely beneficial because of the world class amenities like connectivity, transportation, office spaces, business parks, and warehousing.

·         Availability of manpower-The business owners do not need to think of manpower. There is enough. This is because most of the workers, both skilled and unskilled, come to UAE in search of jobs. So the businesses can get sufficient choices to hire the employees. UAE is also one of those destinations bringing success to both employer and the employees. This is because the wages are high and the taxes are incredibly less. These two reasons make it conducive for both the owner and the worker.

The strategic location of UAE creates favorable condition for starting new businesses. It is located between three major continents- Africa, Europe and Asia. Also, UAE is home to some of the wealthiest cities thus enhancing the scope of professional company set up in UAE like Dubai, Fujairah, Abu Dhabi etc.