In the past few years, UAE has become the heaven for entrepreneurs due to certain reasons. It is located on the Arabian Sea and has seven states; every state has its characteristics. The economy of these states is growing rapidly because they are offering foreigners multiple business opportunities such as commerce, construction, trade, and banking, etc. they provide plenty of benefits to foreign investors, that’s why this is an ideal place for entrepreneurs to set up their business.
In this article we will elaborate reasons to establish your business in Sharjah:
Growing and strong economy:
Over the last few years, the Middle East has become the biggest hub of businesses. This country is representing almost everyone from the world, especially the warm welcome to foreign investors. Recently the government has developed free zone areas that are more beneficial and attractive for the businessman. This is the reason that it has become an international destination for foreigners. Its dynamic environment, political stability, the good business condition makes it a more prosperous economy in the whole world.
The convenient legal structure for business:
The government of the UAE took a special initiative for the betterment of the economy; they simplify the legal structure for businesses that attract investors. They have easy access to free zone company setup in Sharjah, and procedure from documentation to registration or licensing is much simpler, trouble-free, and quicker.
Benefits in taxation:
This is one of the major benefits of starting a business in UAE because the government encourages foreign investors by applying them to lower taxation. Especially when going for free zone business setup in Sharjah, you enjoy many taxation benefits such as zero corporate taxes, personal taxes, and even free from import or export duties.
Good governance and political stability:
When there is political stability in the country, governance performs automatically. UAE government is much stable than in other countries. They have the best health structure and provide health insurance to their citizens. The literacy rate of this country is approximately 93.8% which is an excellent rate.
Language and local culture impact:
In UAE there are living almost 7.8 million forefingers and the total population of this country is 9.2 million, you can imagine their residents. The national language of the UAE is Arabic but due to foreigners’ most spoken language of this country is English and the local culture of UAE are so rich and digestive for everyone.