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Over the years, Abu Dhabi, the capital city of the United Arab Emirates (UAE), has been known to be a great place of opportunity for doing trade and also starting businesses from all around the world. With a careful balance of proximity to the major markets, a flexible framework for company development, as well as the strong support of the state’s government, Abu Dhabi, offers countless opportunities for budding entrepreneurs and top companies as well. For those considering business set up in Abu Dhabi, the city provides a wealth of advantages, including economic stability, tax benefits, and access to a skilled workforce.
In this blog, we will be listing the 10 reasons to start a business in Abu Dhabi.
There are multiple reasons for starting a business in Abu Dhabi. Businesses can get multiple benefits and strategic opportunities by setting up their business in the capital city of UAE. Some of the reasons are listed below:
One of the main reasons to start a business in Abu Dhabi is the incentive and support from the government. One of the incentives is the Abu Dhabi Investment Office (ADIO) which offers a variety of benefits among which include business development assistance and facilitation of access to investors. The government provides various tax benefits like zero corporate and personal income taxes and affordable real estate for both local and international businesses. Additionally, there are various free zones in Abu Dhabi, which provides lot of benefits like 100% ownership, customs duty exemptions, and streamlined operations. Abu Dhabi is the best place for entrepreneurs to start their business because all these support from the government.
Abu Dhabi is quite evident in its continuous and stable economic development; thus, it is the most suitable place for initiating a business. It has a robust economy, which is both diverse and stable. The government has put huge amounts of money into fields like finance, tourism, real estate, and technology, so there can be a changing business community.
One of the major reasons why Abu Dhabi is the best place for business is the presence of a diverse and proficient workforce. The city is a hub of nationals from different corners of the earth thus a pool of individuals with distinct skill sets and experiences are present. Abu Dhabi has the highest level of education among its workforce and the most important part of it, they pay the maximum attention to quality education and professional development.
Abu Dhabi’s geographical location is the main reason why businesses should consider it. Situated at the core of the Middle East, Abu Dhabi can connect easily to the Gulf Cooperation Council (GCC) countries. Linking to main traders and ship routes, ensures easy goods and services distribution, resulting in reduced transportation costs and less time.
Abu Dhabi is a place where entrepreneurs can benefit from tax benefits and business-friendly regulations. The first one is the new tax regime, which has the lowest corporate tax rate and, therefore, the company gets higher profits and people have more remaining income. Furthermore, the government’s effort to bring foreign investments by introducing incentive provisions among other things, such as duty exemptions, full repatriation of profits, dedicated registration processes, and ownership orders are all examples of innovations in this sector.
Another exceptional benefit one gets from starting a business in Abu Dhabi is the attraction of strong industries and sectors. The city gives birth to many industries some of which are finance, tourism, construction, healthcare, and the renewable energies sector. Besides its perfect position and conveniently built infrastructure, the city of Abu Dhabi is creating conditions for investors and businesses from all over the globe.
Besides the booming sectors and industries, another reason why entrepreneurs should start a business in Abu Dhabi is the city’s top-notch infrastructure and world-class facilities. Abu Dhabi has heavily invested in revamping its infrastructure to modern standards, which aids in the flow of goods and services in the city.
A key appealing factor of setting up a business in Abu Dhabi is the high living standards of the city that business owners get to experience. Abu Dhabi, for instance, is one of the few cities that is known for providing safe and comfortable habitats and has been ranked as the most liveable city in the world. The city promotes a safe and sound environment, making it a perfect place to live and do business for individuals and families.
One of the most persuasive reasons to start a business in Abu Dhabi is the fact that the city has a surplus of networking and collaboration possibilities. The city is home to many organizations and industries thus making it a great place to network.
One last and important reason for entrepreneurs to start their business in Abu Dhabi is that the UAE provides entrepreneurs with a wide range of VISA options making it easy to relocate any business activity or the families.
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We could list a number of reasons to opt for Abu Dhabi to start your business, but these 10 reasons will convince you to start your business in Abu Dhabi. According to a recent report, Abu Dhabi’s GDP has reached a new record of AED 297 billion in Q2 of 2024. With this enormous growth, Abu Dhabi is the best place to start any business. Regardless of whether you are seeking to grow your business or start a new one, Abu Dhabi is an ideal destination for businesses.
Getting a business set up in Abu Dhabi might sound complicated and troublesome. Understanding the regulations, following the formalities, concentrating on the core operations altogether might be a burden for the amateur entrepreneurs, in such circumstances, the professional business set up service providers can assist your business to get the required documents sorted and complete the formalities for starting the business. The personalized services from the team CDA can assure you a trouble-free business set up procedure. To know more about the service, contact the CDA team now
