In a landmark development, the United Arab Emirates (UAE) has solidified its position as a top destination for global business, innovation, and investment, marking significant improvements in international business attractiveness indicators.
The UAE's commitment to fostering a conducive economic environment has led to a surge in foreign investments, bolstered by a comprehensive suite of incentives aimed at diversifying the national income streams and supporting entrepreneurial endeavors.
The UAE has introduced 13 pivotal benefits and incentives tailored to attract investors, propelling the nation into a leading global investment hub. Notable among these measures is the introduction of Basher, an innovative digital platform designed to streamline business setup processes. Basher enables investors and entrepreneurs worldwide to navigate government services seamlessly, facilitating business establishment without the need for physical visits to government offices.
Crucially, amendments to the Commercial Companies Law in 2020 have allowed foreign investors of all nationalities to own companies outright across the UAE, eliminating the previous requirement for a UAE national agent in branch operations.
The UAE boasts over 40 free zones offering 100% foreign ownership, strategically spread across the country, accommodating a diverse range of economic activities exceeding 2000 categories. Importantly, the nation's business-friendly environment includes no income tax, full profit repatriation rights, and long-term residency visas for investors and skilled professionals, cementing its appeal as a hub for long-term settlement and business growth.
Furthermore, the UAE's commitment to industrial sectors is underscored by robust incentives such as competitive financing solutions and customs exemptions on investments and production inputs, reinforcing its position as a global leader in trade and industrial innovation.
With its unwavering focus on economic diversification and investor-friendly policies, the UAE continues to set new benchmarks for global investment attractiveness, offering unparalleled opportunities for businesses and entrepreneurs alike.
News Source: Emirates News Agency
