U.A.E is one of the most developing places in the Middle East with most of the states in it depending upon the oil reserves for economic stability and growth. Many businesses today are interested in having a business setup in UAE as they see several opportunities that can help in business expansion and growth. Over all many companies today want to expand their portfolio of work and are in to testing new ways that can work for them. In this pursuit of expansion they are also looking for countries that offer feasible environment for business growth. U.A.E comes among the top on that list. The presence of free zones in U.A.E is in itself a major reason of attraction for many businesses. These free zones offer zero corporate taxes. This paves the way for undisturbed business growth and business start ups.
Most of the industries in U.A.E e based on oil and energy sector as U.A.E has proven world’s seven largest reserves of crude oil. Oil exports make about 25 % of U.A.E’S gross domestic product. It is one of those rare countries that have a thriving private sector for oil and gas with many partnerships with US companies. The UAE’s proven oil reserves were 97.8 billion barrels as of 2015. Abu Dhabi holds 92.2 billion barrels, followed by Dubai with 4 billion barrels, Sharjah with 1.5 billion barrels and Ras al Khaimah with 500 million barrels.
With such huge numbers of oil reserves, it is expected that U.A.E generates a lot of attention in the business sectors related to oil, gas and petroleum. Many businesses want to utilize the constructive business environment that U.A.E offers and are interested in having company formation in UAE. global integrated services are a management consultancy firm that offers several services to help companies with business establishment in U.A.E. They offer services like protection of intellectual property, guidance in applying for work visas and work permits, assistance in opening up bank accounts and securing insurance agreements, feasibility studies, legal advice and more.
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