There is one more big success for the UAE to celebrate this year.
The UAE ranked 11th out of 190 countries in the World Bank’s annual report on the ease of doing business.
The adoption of a dynamic and active reform agenda allowed the country to climb 10 spots compared to the previous year.
The biggest innovations occurred in the business registration and administration, through the introduction and improvement of dedicated online procedures, in the real estate, facilitating the property registrations and optimizing the transparency of the land administration system, in the utilities, making easier to get electricity by cutting out all charges for commercial and industrial connections up to 150 kVA, in the access of credit, by creating a specific register of moveable assets and making the whole process safer and more secure.
Additionally, the UAE has also renovated its judicial system, implementing a more advanced training for judges and arbitrators, establishing specialist commercial courts, creating systems for managing electronic cases and applying a new insolvency regime.
The UAE is proving more and more its capacity to be at the forefront of business and innovations, making it the ideal destination for setting up a company, considering the almost total exemption of taxes.
Interested in starting a business in Dubai or in the UAE? Check out our full list of UAE free zones and see which free zone is most suitable for you. Contact us at email@example.com or fill up the form below to be assisted for opening a company in the UAE.