Why is company setup in UAE famous? Let us see this in detail. For the recent years, UAE has grown into one of the most successful economies in the world. The country is located in the middle of important trade routes and has major business places like Dubai, Qatar etc. This is the main reason why most of the businesses choose company formation in UAE. As it is located in the central hub, it is preferred for import and export market. Other than this there are a number of advantages are there for setting a company in UAE.
Worldwide trade hub
This country follows a culture of free and open trade with its partners. The average tariff rate for goods entering UAE is 5%, but the country is packed with free zones that offer incentives like tax and duty exemptions. The open border foreign labor policy of this country is also an advantage for private sector companies, allowing them to recruit tax exile employees at competitive wages.
Strategic location of the country
This country is located on the southern side of Asia, Africa, and Europe and this is best for trading conditions. Various countries and regions maintain strong business relations with UAE and some of the popular countries are China, India, Western countries and Latin America.
Also, UAE serves as a linking port for these countries to connect to other countries in the world like
- China uses UAE to reach Africa
- India uses UAE to reach out to the rest of the world
- Latin America uses UAE to reach South Asia
- Western countries use UAE as a hub for the Middle East
Low import duties
The import duties for most of the goods and items that are imported to this country are extremely low. In addition to this, goods imported into the free trade zones of this country are exempt from import duties. This is easy for setting up companies in parts of UAE like company formation in Abu Dhabi.
Another advantage is, business owners can get local company formation services in this country. If you want to start your company branch in UAE, simply make use of such services. They will help you in setting up your company in UAE. As there is this number of advantages, business setup in Abu Dhabi increases day by day. A number of entrepreneurs and business owners are eager to start their company branches and new companies in UAE.