In today’s competitive global economy, business leaders are looking for any way possible to grow their business. They do things like try to cut costs, improve employee production, and create new products. One method that many businesses are choosing to follow is to relocate their business. By moving somewhere else, they can find a place that is more “business friendly” and one that is in a better location. So where have businesses been moving to? The answer is the United Arab Emirates.
The United Arab Emirates are a small collection of smaller states in the Middle East. Each state acts independently from one another, but they also work together for their collective good. One thing each member of the UAE has been focused on is making it a place that is more friendly to businesses. They want to bring as many companies into the area as they can, and their policies and laws reflect this attitude. For example, the leader of Ras al Khaimah is Sheikh Saud Bin Saqr Al Qasimi, and he has started the RAK Offshore foundation. This group is comprised of entrepreneurs, and focuses on making Ras al Khaimah a more friendly place for businesses.
So we know the states are trying to draw in businesses, but what exactly have they done? What benefits are there for business owners who are looking to move their company? Well for starters, the tax rates on companies in the UAE is very low. This means there is more money to spend on the business, and less money going to the government. Another benefit of moving to the UAE is simply the location. Since the UAE is in the Middle East, it is literally at the center of the globe. No matter where you are in the world, the Middle East is not too far away. With more and more business being conducted between companies over seas, having a location that is central to that makes everything easier. If you want to work in person, your office is not too far, and if you want to work online, the time zones are more convenient.
One thing that companies have to consider when moving a business is whether or not the employees will like it there. Luckily, the UAE is very Western both in its people and in its policies. This helps to make people from the West feel more comfortable when they first arrive. There is less of an adjustment period, and therefore your employees will be happier. On top of that, the infrastructure of the UAE is improving every year. Cities are becoming nicer to live in, and the technological advances are keeping up with modern times, so your employees will not feel left behind, and neither will your company. Not only will you be able to have nicer office spaces, but your employees will have great living arrangements.
With all of these advantages, it is no wonder that many business are moving to the UAE. There are not many places in the world that are trying so hard to please businesses, and company owners are clearly taking notice. With the way things are going in the UAE, we would not be surprised to see this trend continue, unless the rest of the world does something to try and keep their businesses at home. Until then, the UAE remains one of the best places to do business.