The UAE: An Entrepreneur’s Paradise?
For any business, especially fledgling start-ups, entering a fast growing marketplace is a sure-fire way to establish a solid client base and build rapid turnover. Currently, the UAE has one of the fastest growing economies in the world, making it a prime destination for companies to export their goods and services, or even to base their headquarters.
On top of its quickly growing economy, the country is also going through an infrastructure boom, and is planning to spend the equivalent of $300 billion (USD) on further development by the year 2030. If you’re looking to relocate your company, open a secondary headquarters or start a new venture, here are some reasons why you should seriously consider the UAE.
A track record of excellence
The UAE is already home to a number of expat entrepreneurs who’ve built extremely successful companies off the back of this international financial hub. Cities like Dubai and Abu Dhabi are not only ready to welcome foreign companies, but they have worked hard to make the process of transitioning to the UAE as simple and rewarding as possible. The country is renowned for its efficient administration, infrastructure, and sleek licensing.
Strong investment pools
One of the top reasons start-up businesses tend to fail is because they lack the available funds to pursue the necessary research and development to sustain themselves until the profit-making stages of their life. Fortunately, the UAE is home to a vast pool of investors who are constantly seeking out businesses that they think will be the next big thing in their industry.
Quality education and student base
The UAE is home to some of the Middle East’s finest universities, and the country’s successful growth means that its schools are consistently churning out students with advanced degrees such as Masters in urban planning, architecture, design, finance and more. For companies that are looking to expand, this makes the UAE a hot-spot for picking up young talent in a wide variety of industries.
There is little to no language barrier
The main reason why companies avoid relocating overseas is because there is usually an extremely difficult language barrier to overcome, but fortunately the UAE has a large English speaking population, and is currently one of the world’s largest centres for Teaching English as a Foreign Language—meaning that the percentage of English speakers is likely to increase even more in the near future.
So while it may be a big and difficult decision to make, it is easy to see that there are plenty of advantages to doing business in the UAE, and that number is only set to grow alongside current development and investment.