Business For Sale United Arab Emirates | Business For Sale Listings
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Get to Know About United Arab Emirates
The United Arab Emirates is a well-developed country in Western Asia. It comprises of seven emirates. Its economy has grown admirably over the last three decades with the largest oil reserves in the world.
In recent years, the economy is less dependent on oil for its revenues, and other sectors like tourism are developing well. Dubai is a much-preferred destination for tourists with millions visiting here annually. Transport facilities are top class with the international airport in Dubai being one of the best in the world.
One of the significant advantages for investors for doing business in United Arab Emirates is a very well developed infrastructure. Thus, one can enjoy the benefits of a world-class facility. The country’s geographical location with easy access to the big markets of Asia, Europe, and Africa is a huge plus point for investors. With the government’s initiative to develop sectors other than oil and gas, there is a massive potential for growth in other areas. There is also the benefit of low taxes for investing companies here.
There are some challenges for those willing to invest here like the compulsion of having to find a local sponsor. The introduction of the Value Added Tax (VAT) recently can also be a difficulty for new investors. There is also the hurdle of getting finance for new companies.