Doing Business in the UAE
Over the past 50 years, the United Arab Emirates has been able to transform its fishing and agriculture-based economy into an advanced and competitive economy, thanks to the comprehensive and integrated development plans of the government. These plans have come to fruition, culminating in the UAE becoming a global frontrunner for economic performance and favourable investment environment. The proactive vision of the country’s wise leadership has been a pivotal enabler, which has contributed to transforming the UAE into a global investment hub. This was coupled with activating enablers of smart government, adopting a modern approach in managing the UAE’s affairs, and promoting investment in new economic sectors such as technology, artificial intelligence and space sciences. The country’s economic performance has reflected on improved standards of living for individuals and increased corporate revenues; in addition to boosting Investth opportunities. Today, the UAE looks forward to another 50 years of development and prosperity.
The UAE created a modern investment environment and set policies that facilitate and speed up the establishment of companies through electronic platforms, and promoted its attractiveness by issuing amendments to the Companies Law. These efforts resulted in maintaining an advanced position in the ‘Ease of Doing Business’ index, ranking 16th out of 190 countries in 2019. The country also ranked 1st in terms of business efficiency, 2nd in terms of government efficiency, and 7th on economic performance index.
Launch and Grow
in the UAE’s Best Jurisdictions
As the UAE continues to evolve as a global business hub, Gulf Management Services remains dedicated to supporting the growth and prosperity of businesses within this dynamic and exciting market.
Strategic Location and Global Connectivity
Gateway to Global Markets: Situated at the crossroads of Europe, Asia, and Africa, the UAE acts as a strategic center for firms wishing to reach emerging markets in the Middle East, Africa, and South Asia.
World-Class Infrastructure
Modern airports (like Dubai International) and seaports (like Jebel Ali) promote seamless worldwide trade and logistics. Efficient transportation networks, including highways and railways (upcoming), connect major cities and industrial zones. Businesses can rely on fast, stable connections thanks to advanced telecom infrastructure.
Business-Friendly Policies and Regulations
Ease of Doing Business: The UAE consistently ranks well in global ease of doing business indices, thanks to expedited procedures for company creation, licensing, and other bureaucratic operations.
Corporate Tax rates of 9%
To further incentivize business growth and attract foreign investment, the UAE offers various tax rebates and incentives. These include exemptions for qualifying Free Zone businesses, deductions for research and development expenses, and provisions for loss carryforwards.
100% Foreign Ownership: Foreign investors can own all of their firms in various industries, including Free Zones.
Strong Legal Framework: The UAE has a strong legal system that protects investors and enforces contracts.
Economic Diversification and Growth
Shifting Focus: The UAE is diversifying its economy away from oil, focusing on tourism, technology, logistics, and renewable energy.
Government Support: The government promotes entrepreneurship and innovation via incubators, accelerators, and financing.
The UAE has a vibrant, developing economy with great possibilities for corporate growth.
Top-Notch Infrastructure and Living Standards
Modern Cities: The UAE offers a modern and cosmopolitan lifestyle with world-class infrastructure, including top-tier healthcare, education, and entertainment amenities.
Safety and Security: The UAE is known for its high levels of safety and security, offering a stable and hospitable environment for businesses to operate.
Free Zones
Free Zones provide many perks, like 100% foreign ownership, tax exemptions, and easy customs.
Sector-Specific Zones: Free Zones provide specialized infrastructure and support services for industries including technology, logistics, and healthcare.
Government Initiatives
Vision 2021 and UAE Centennial 2071: These long-term national strategies aim to make the UAE a global leader in many sectors, offering business opportunities.
The UAE invests extensively in tech and innovation, creating a thriving startup ecosystem.
UAE Visas
Over and above the typical residence visa, the UAE has introduced several initiatives to attract and retain top talent, including the highly sought-after Golden Visa. This long-term residency visa, available for investors, entrepreneurs, researchers, and exceptional talents, offers significant benefits such as 10-year validity, the ability to sponsor family members, and freedom of movement within the country.
Recently, the UAE introduced the Green Visa, a significant development in the country’s immigration policies. It offers a long-term residency option for a broader range of individuals, including:
- Skilled Employees: Professionals with specific qualifications and a minimum salary can now sponsor themselves for a 5-year visa, reducing dependence on employer sponsorship.
- Freelancers and Self-Employed: This category allows individuals to live and work independently in the UAE, fostering a more dynamic and entrepreneurial environment.
The Green Visa provides greater flexibility and autonomy for individuals seeking to establish themselves in the UAE.
These aspects mentioned above create an appealing environment for firms looking to grow in the UAE.
Learn More about Gulf Management Services
In the heart of Ras Al Khaimah, UAE, amidst the bustling trade and investment landscape, a vision emerged: to empower entrepreneurs and businesses to navigate the complexities of setting up and thriving in the UAE. This vision birthed Gulf Management Services, a company founded on the principles of integrity, expertise, and client-centricity