Why open a company in the UAE in 2021?
United Arab Emirates, the newest financial center in the world has also established itself as one of the best emerging and attracting business places around the world. However, when we look more closely, the UAE is much more than oil. In fact, UAE has successful projects, focused on international business.
Geography of UAE
The United Arab Emirates was established in 1971 and is a federation composed of seven absolute monarchies – Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, and Umm al-Qaiwain. The Emirates are located in the southern part of the entrance to the Persian Gulf. It is a strategic location, as it is halfway between Europe and Asia, besides the center of the Middle East. Its influence affects a population of 1.5 billion people living in Asia and Africa. Given the quality of its infrastructure, it has already consolidated itself as a connection center for air and sea transport for hundreds of companies.
Free Zones in the UAE
There are more than 30 free zones in the United Arab Emirates. These are regions that have a different tax and marketing regime, and also have their own regulations. Dubai is a free zone dedicated to financial services. Abu Dhabi is the largest, most populous and wealthiest in the Emirates. Ras Al-Khaimah has become increasingly popular for non-residents who want to open a company in the country.
A unique opportunity
The UAE offers several solutions for those interested in establishing a business. It can become your gateway to the world. Business setup in the UAE is much easier than any other off-shore countries. Political and economic stability, associated with an environment totally open to business and the complete exemption from taxes, allows investing and producing with a focus on the product and not on the bureaucracy.
It is one of the few countries today that takes the issue of privacy and confidentiality seriously. Even so, it complies with international standards. A visit to the country is necessary, both for compliance issues and because of the country’s culture, to value personal contact when starting a business relationship. If you are interested in opening a company in the Emirates, start the process now.