Abu Dhabi, the beautiful emirate sprawling over the Persian Gulf is also the capital of the United Arab Emirates. Known for its massive oil and gas reserves, the Government of the Emirates is now taking concrete steps to leverage business and industrial sectors for a sustainable economic growth as the Emirate can no longer rely solely on the oil reserves. The officials in the Government of the emirates have realized the potential in the IT sector and are welcoming techpreneurs from around the world to prove their mettle in the emirate’s sophisticated startup ecosystem. Abu Dhabi is arguably one the best destinations for starting an IT business. If you are a tech freak and looking for the best place to unleash your business idea, Abu Dabhi is the place to go.
Still not convinced? Just give us about 5 minutes. In this article we are going to tell you core reasons as to why start an IT business in the region.
- Growing Demand for IT Sector
IT has completely revolutionized the ways business operate. Over the last 10years or so, technology has risen tremendously and has rolled up all business sectors in every possible way. Abu Dhabi in particular has embraced the IT sector and we have seen a lot of successful IT venture coming out of Abu Dhabi. The emirate has established software parks to facilitate entrepreneurs and has also established help centers so that businesses can easily coordinate with government sectors when required. Abu Dabhi’s cosmopolitan community is craving for innovation and modernization.
- The Burgeoning Economy
Economists and financial experts unanimously believe that UAE has the most liberal trade regime in the entire gulf. Over the course of last 40 years, the emirate has successfully established a higher per capita income and high annual trade surplus. This rise is primarily associated with the emirate’s ease of doing business welcoming many startups and multi-million dollar conglomerates.
Abu Dubai is a wealthy emirate and offers stable and sustainable financial situations for companies of all sizes. All these measures have led to a massive influx of foreign capital into the emirate and has made the economy of the emirate stronger than ever.
- Easy and Hassle-Free Legal framework:
The government of Abu Dhabi is striving hard to lift its economy by welcoming foreign investments. To achieve the purpose, the government and leadership of the emirate has revised legal framework and has cut the red tape to facilitate foreign investors. Legal requirements for operating business such as VAT registration in UAE are now very simple and you can comply with all legal bindings without any hassle.
The red tape is nearly non-existent, and all the legal procedures are fast paced. There is very little paperwork required and licensing and registration procedures are easier than ever.
- Infrastructure and amenities:
The government of emirate has gone as far as it could to ensure that foreign investors face no hurdles in running their business. The infrastructure of Abu Dabhi is one of the best in the world and business centers are equipped with modern state of the art facilitates that include warehousing, transportation, connectivity, and utilities.
Poor law and order has always remained the worst nightmare for any investor. UAE is a safe country and Abu Dabhi is one of the safest cities with minimal commotion and has one of the lowest crime rates in the world. Fortunately, there is no terror fear in Dubai. The country has secured 5th rank on security parameters in Asia-pacific countries, as per Pinkerton Risk Index report (Pinkerton is the leading provider of risk management services).