What Has Made UAE An Irresistible Destination For European Investors?
In recent years, the vibrant United Arab Emirates, located at the crossroads of the Middle East, has emerged as a magnetic force for businesses worldwide.
It offers a multitude of compelling reasons for investors and start-ups to explore its business opportunities, turning into a highly favourable destination.
Among the most captivated are European entrepreneurs and investors, conveniently lured in to the country’s alluring mix of innovation and tradition.
Read on for a handful of reasons supporting the UAE’s evolution into an irresistible destination for entrepreneurs seeking to venture into the Middle East’s bustling markets.
What Has Made UAE The Hotspot For European Investments?
1. Strategic Location
The United Arab Emirates’ strategic location acts as a bridge between Asia, Africa and Europe, presenting unparallelled opportunities to access multiple markets from a single base.
2. Growing Economy
Boasting a thriving economy with a diverse range of sectors, the Emirates offers a conducive environment for European entrepreneurs and investors looking to diversify their portfolio.
3. Business-Friendly Ecosystem
One of the most enticing policies is the absence of corporate and income taxes, which helps optimise profits. The process of setting up businesses here is also remarkably smooth.
4. Diverse Markets
From real estate and finance to technology and tourism, the UAE offers a number of sectors for European entrepreneurs and investors to explore and capitalise on.
5. Funding Opportunities
The Emirates’ flourishing venture capital and angel investor community have been actively supporting European start-ups with compelling business ideas and scalable models.
Why Are Europeans Shifting To The UAE In Large Numbers?
The Emirates prides itself on being a cultural melting pot, welcoming people from all corners of the globe, including investors eager to unlock new horizons.
European entrepreneurs and investors find an inclusive environment here, making it easier for them to adapt and integrate into the local business landscape.
The COVID-19 pandemic hit Europeans hard and for more than a year now the governments in the region have been subsidising businesses and families to help them get by in life.
What most people don’t seem to be considering is somebody is going to have to pay that back. It can’t just be printed because that’s not how the world operates.
The United Arab Emirates didn’t provide any kind of furloughs for residents that were impacted and therefore didn’t put themselves into any kind of debt.