The United Arab Emirates is at a crossroads between Europe, Asia and Africa. Their geographic location makes it a gateway for oil passing through the Strait of Hormuz and a strategic location for those wishing to trade with the three continents. The United Arab Emirates is experiencing unprecedented economic expansion for a decade. As oil producers and the main tourist and commercial destination in the Middle East, they attract expatriates, investors and tourists alike. Dubai, the largest port and economic capital of the UAE, is also an investment hub renowned for its many business opportunities, and ranks 4th among the most visited cities in the world.
The United Arab Emirates is one of the richest states in the world. The infrastructure, the living environment, the total security, the economic attractiveness make it a place appreciated by expatriates, businessmen, tourists and investors. Again, Dubai remains the best showcase for state growth. This city of one million inhabitants, capital of the emirate of the same name, gives an idea of the comfort, security and business opportunities that the UAE offers. The Burj Khalifa and the Downtown District are just a glimpse of local know-how in urban planning. Communities like Downtown, Business Bay, Dubai Marina built in less than two decades show the Emirate’s ability to create a unique lifestyle.
With its focus on education, health, services, tourism and recreation , Dubai is one of the most popular destinations for expatriates and never leaves indifferent. As far as security is concerned, Dubai is simply one of the safest cities out there, because its crime rate is very low.
Mostly known for their oil for many years, the United Arab Emirates diversify their sources of income for some time. Fossil fuels are no longer the main driver of their economy, especially in Dubai, and the ever-growing share of tourism, services and industry in local GDP is evidence of this. Today, the development of the United Arab Emirates is based on different sectors which makes it a strong economy with high potential. Manufacturing, public works, real estate, communications and transportation, the financial sector, education and health, tourism and recreation are all areas that make the UAE a prosperous state.
The United Arab Emirates offers a very attractive tax system. There is simply no tax. The income of natural persons is not taxed and companies registered in one of the Emirates are taxed at 0%. In addition, companies have the opportunity to set up in one of the free zones of the United Arab Emirates to take the status of freezone company . This status allows them to trade with any country in the world without having to associate with an Emirati. As a freezone company, a company benefits from different tax, legal and geographical advantages. It can choose to locate in one of the 25 free zones of the United Arab Emirates. In addition to the freezone company, the United Arab Emirates allows the creation of offshore companies , a legal form highly acclaimed by businessmen from all over the world trading outside the UAE. They benefit from a well-functioning banking system, significant flexibility in terms of management, a reputable image, and an attractive tax system.