Why UAE Ranks High In Ease Of Doing Business

“In today’s fast changing world, a single idea can overturn an industry. When entrepreneurs are able to innovate, they drive economic growth and create jobs”

- Abdul Aziz Al Ghurair, CEO of Mashreq Bank

An economy cannot thrive without a healthy private sector. When local business flourishes, they create jobs and generate income that can be spent and invested domestically. Ease of doing Business is a ranking report that is presented by the World Bank. The World Bank has ranked United Arab Emirates in 11th Position out of 190 countries in the list of ease of doing business globally highlighting the nation’s contribution in making it an easier environment to commence business in various different ways. The United Arab Emirates is the highest ranking economy in the Middle East when it comes to ease of doing Business, according to the World Bank. “Training formed a central part of the United Arab Emirates strategy to modernize its judiciary has been instrumental in the successful creation o specialized commercial courts, the introduction of electronic case management systems and the implementation of a new insolvency regime”

-The report stated the above

United Arab Emirates is ranked the 11th position also because it offers great subsidies and infrastructure to do business. Factors that made United Arab Emirates on the 11th Position are as follows:

1. Due to online services, business registration in United Arab Emirates has become quite hassle-free
2. The taxes on business in United Arab Emirates are comparatively less when compared to other countries. The United Arab Emirates also have an evolved judiciary system to meet the modern standards
3. The introduction of Real Estate investment opportunity in United Arab Emirates has increased the Investment Opportunities
4. Introduction of new types of license and liberal compliance for foreign investors in Dubai Mainland is one reason for Ease-of-Doing business in UAE
5. The 0% income tax is another factor that makes it easy for investors to manage their business in UAE

These and many other factors have led the United Arab Emirates to be one of the best places to do business. If you have any query related to setting up a business in Dubai or anywhere across in the UAE then feel free to call +971 4 4542366 today for a quality consultation or please send inquiry to info[at]flyingcolour[dot]com.