The United Arab Emirates has become a vibrant, cosmopolitan hub that attracts residents from over 200 countries. With supportive government initiatives, expats enjoy a high quality of life. The thriving property market offers everything from studio apartments to luxury villas, while families with kids benefit from top international schools. Expats can indulge in a leisurely lifestyle, with plenty of opportunities for outdoor adventures, world-class shopping, dining, and entertainment, all at a relatively lower cost of living compared to many top countries.
Investors are increasingly choosing the UAE as their top destination for business setup, owing to its several business-friendly policies and global connectivity. Investors now enjoy 100% foreign ownership as the UAE has removed the requirement of a local sponsor for certain business categories & locations. Other top advantages of doing business in the UAE include: no restrictions on profit transfer, no corporate tax, no income tax, access to diverse talent, world-class airports, very low or zero import duties, and state-of-the-art infrastructure.
The UAE enjoys a stable and solid economy, which is resilient to fluctuations in oil prices and global economic recession. Its strategic location (between Asia, Europe, and Africa) gives an easy access to 33% of the world’s population. With increased foreign direct investment, the UAE has built strong financial reserves and is home to the largest sovereign wealth fund in the Middle East. National banks hold about 86.5% of the total capital, while economic diversification has enabled the non-oil sector to make a major contribution to the UAE’s GDP.