Favourable Legal Framework To Do Business In The UAE
There are so many reasons to do business in the UAE. One of them is favourable legal framework for businesses.
Over recent years, the UAE has updated and implemented new laws, in line with international standards to help make it more attractive for foreign direct investment, thus helping it to achieve its own development, transformation and strategic objectives.
Below are some of the most relevant laws related to doing business in the UAE. (This is by no means a complete list). Where possible, full text versions of the laws in English are included as downloadable pdfs for your further reference and convenience.
⚖ Commercial Companies Law
⚖ Employment Law
⚖ Anti Money Laundering Law And Combating The Financing Of Terrorism And Financing Of Illegal Organisations
⚖ UAE Trademark Law
⚖ Bankruptcy Law
⚖ Foreign Investment Law
⚖ World Class Import / Export Controls
⚖ Value Added Tax Law
⚖ Federal Corporate Tax Law
(To be introduced from 1st June 2023 at 9%.) An overview of the introduction of corporate tax in the UAE can be reviewed on the Ministry of Finance's website.
⚖ Agreements in place with 137 nations to avoid double taxation on overseas investments (as per Ministry of Finance, 4th February 2022).
Businesses expanding into the UAE to operate can be assured of proven systems and processes, as well as tax transparency.
UAE's Competitiveness
As per the World Competitiveness Yearbook 2021 (International Institute for Management Development (IMD), the UAE ranks ninth most competitive country in the world.
The UAE ranked first in 22 indexes; in the top 5 in 62 indexes; and, in the top 10 in 120 indexes, out of a total of 335 indexes.
The UAE ranked first in: entrepreneurship, absence of bureaucracy, information security, adaptability of government policy, exports of commercial services, trade to GDP ratio, flexibility of immigration laws, student mobility inbound, community support for competitiveness, meeting the need for economic and social improvements, competent senior managers, as well as in indexes related to environmental laws, availability of skilled labour, lack of labour disputes, and the percentage of females in parliament.
In conclusion
Over the last few years, the UAE has implemented reforms and new legislation to make it easier for businesses to setup and operate in the UAE whilst providing increased stability for investors and expat residents with longer visa validities.
The UAE has been developing it's foundations in preparation as the world transforms into the digital era. For the pioneers of crypto currencies and the trading of Virtual Assets (VA), the UAE is leading the way in the regulation of the sector. In 2021, Abu Dhabi Global Market (ADGM) was the first jurisdiction in the world to regulate VA activities, followed by Dubai in May 2022. By leading in the sector's regulations, the UAE is able to set high stands and generate market confidence.
Is the UAE part of your organization's future growth strategy?
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Gateway Group - Who We Are And Why We Exist
With offices in Abu Dhabi and Dubai, Gateway Group helps international companies get registered to do business in the United Arab Emirates (UAE). We are the authority on business licenses and visas for expats in Abu Dhabi and Dubai.
Founded and headed up by British husband and wife team, Nathan and Jenny Hunt, Gateway operates with it's core values at heart: Honesty. Trust. Integrity. We do what's in the best interests of our clients rather than what's best for our bottom line. After all, we are just like our clients - we've invested our own money into our business licenses, so we fully appreciate what a big investment a commercial license is. We believe this uniquely positions us to provide our services with understanding and empathy.
From our own first-hand experience and knowledge, generated from living and working in the UAE, as well as setting up companies and building relationships here, we are able to offer unique insight and guidance to help our clients successfully step into the market and do business in the UAE.
We value long-term relationships and our incredible client retention is one of our strongest assets, which is extremely rare in our industry.
Founding Partner, Jenny Hunt, has been setting up businesses in Abu Dhabi and Dubai for over 10 years and is ranked in FORBES' Top 100 Most Influential Women In The Middle East!
Connect with us for your international expansion into the UAE. Get the best company registration experience, as well as employment and residency visas for your expat staff and their families, in Abu Dhabi and Dubai.
Request a call back to for Gateway Group to incorporate your company in Abu Dhabi and Dubai. Click the button now!
Gateway Group Of Companies
☎️ +971 600 567562
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Written by Jenny Hunt
Founding Partner, Gateway Group of Companies, Abu Dhabi & Dubai, United Arab Emirates
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