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Why UAE is the Preferred Choice for Starting Business?

If you are confused about setting up a business in UAE, then here are the four significant reasons why business people prefer starting a business in the UAE.<br>https://www.shuraa.com/businesssetup/

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Why UAE is the Preferred Choice for Starting Business?

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  1. Why UAE is the Preferred Choice for Starting Business?

  2. People already living and working in the UAE would agree that their decision of doing business here was beneficial, and it was a no brainer. But people coming from overseas would be thinking that the processes, customs and quirks of doing business in the UAE can be a little daunting and potentially even off-putting. However, the reality is a bit different as the UAE has an incredibly welcoming and environment. This is one of the many reasons why thousands of new businesses are launched in the UAE every year. Most of these were registered by overseas supportive business

  3. entrepreneurs. In fact, as per reports, about 80% to 90% of the UAE workforce consists of foreign nationals. There are a lot of reasons why thousands of entrepreneurs from different parts of the world come to the UAE for doing business. Still, if you are confused aboutsetting up a business in UAE, then here are the four significant reasons why business people prefer starting a business in the UAE: Low Tax Emirates still proudly boasts zero tax on both personal incomes and corporate incomes. The only major tax that you should be aware of here in the UAE is the Value Added Tax. This tax was in UAE was introduced in January 2018; it stands at a flat 5%.

  4. Vibrant Economy The United Arab Emirates is the home to the second- largest economy in the Arab world. It has a GDP of around AED 692bn, which is behind only Saudi Arabia. UAE is just as diverse as it is large; it has numerous industries from healthcare and hospitality to trade and technology. Great Quality-Of Life the UAE is ranked 23rd in the year 2017 for the Best Countries Index. It is only slightly behind Spain and Ireland and ahead of Portugal and Greece, amongst the others. Start-Up Support The UAE is home to many start-up incubators and funding initiatives that are designed to accelerate business growth. There are various funds such as AED

  5. 2bn Mohammed Bin Rashid Innovation Fund, which even helps UAE companies by financing their projects and offering expert guidance and support so that they can turn their business ideas into reality.

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