Business and Its Burgeoning Opportunities in Middle East

Many businesses today want to expand themselves and bring new products in to their portfolio. They are trying to test new waters and find new product combinations that might work for them. At the same time, another way to express their need and willingness to expand is through finding new places where they can expand their business. Whenever a business looks for a new place where they can branch their business out, several factors come out and play a huge role in the overall decision. It can’t be just the fact that there is z huge and growing market that they can make the most of. In the Arab world, it is observed that U.A.E has one of the most open economies and fastest growing as well. U.A.E got its fame from the discovery of oil in the late 20th century. It is mainly dependent upon the oil and energy sector but their new plans indicate that they want the share of growth through non oil sector to increase.

All these factors and the presence of free zones make U.A.E a place having all the favorable conditions for business growth. Many businesses today want to have a business setup in UAE. The free zones present in U.A.E offer zero taxes and serve as a place that comes with no local restrictions and laws.  U.A.E has emerged as one of the emerging financial business markets in the Middle East and has been regarded has having one of the best Islamic banking systems in the whole world. The estimated GDP of U.A.E was $570 Billion in 2014 and this is expected to grow with each passing year. According to surveys of 2015 the GDP growth rate was 3.9 %. If we compare its economic growth since its inception in 1971, U.A.E’s economy has grown by nearly 231 times in 2016.

Many companies and entrepreneurs want to be sure before investing or initiating a new plan in anew area. Global Integrated services are a management consultancy firms that helps them by providing the service of feasibility studies to ensure authentic information on which they can base their business. The firm has helped several businesses with company formation in UAE. They also help several entrepreneurs with structuring of a business plan for the innovative ideas that they have on hand. They also guide them with the process of protection of intellectual properties so that they can save their patents from being used.