The UAE government is working hard to attract and nurture foreign investment and business. There are no taxes on the repatriation of foreign capital and low barriers to entry. In addition, the UAE has diversified its economy to become a global hub for trade and investment. There is a wide range of options for investment in the UAE, from energy, tourism, and logistics to manufacturing and financial services. The UAE government is a good partner for your business and can help you make the right choice. If you are thinking about a business set up company in Dubai, you must be aware of these facilities offered by the UAE Government.
UAE has a robust banking sector:
The UAE government has a robust banking sector, and foreign companies can access the local credit market. The UAE’s interest rates are comparable to other countries. Despite this, there have been complaints about the performance of GREs in the private sector, indicating a need for transparency in lending. In addition, the UAE government supports a strong financial system with 49 banks, of which 27 are foreign institutions. During the last quarter of 2018, the number of national bank branches fell to 656 from 743 at the end of 2018. This decline is primarily due to mergers and the ongoing transition to online banking.
The UAE government supports FDI in the country:
Four major federal laws in the UAE govern the process. The federal law on foreign direct investment allows for up to 100% foreign ownership. The ministry of health and Dubai healthcare authority aims to develop a world-class healthcare system. The UAE DOH is encouraging the development of new inpatient facilities and Private Pay Cosmetic Services. It is also promoting the development of more specialized facilities.
It is also supportive of environmental causes:
The UAE government is also supportive of environmental causes. The UAE government promotes these causes through official partnerships and private foundations. Furthermore, the UAE’s commercial companies’ law stipulates that managers should act in the company’s interests and makes provisions that exempt directors from personal liability void. This is a good sign for foreign investors. However, you should be careful with your investments in the UAE.
Government is open to foreign ownership:
The UAE government has several positive attributes for foreign investors. First, the government is open to foreign ownership and incentives to attract new businesses. Secondly, the UAE has a strong and stable economy.