UAE is one of the fastest growing economies in the world and the second largest in the Arab world. GDP of UAE economy which stood at $382.58 Billion in 2017 is projected to trend around $425.00 Billion by the year 2020. The economy of UAE has grown by nearly 231 times, since its independence in 1971 is projected to trend around $425.00 Billion by the year
Private companies in UAE can breathe a sigh of relief, as they need not spend millions on recruitment anymore. Recruiting workers is pretty expensive in UAE as it requires you to deposit an amount of Dh3000 as bank guarantee. A low-cost insurance scheme will replace the current system.
Favorable business conditions, state-of-the-art infrastructure, taxation policies and tactical location are the main crowning features which make the United Arab Emirates one of the most sought after destination for expanding business. Hundreds and thousands of international entrepreneurs and investors flock to the nation to tap potential international clients and reap the benefits of global profits. But, in order to conduct business in the UAE, a foreign businessman or investor must incorporate a formal legal entity within the geographical boundaries of the UAE through any one of the following means: