DESPITE THE COVID -19 CRISIS – WHY UAE IS THE RIGHT PLACE TO START BUSINESS?

Despite the COVID-19 crisis, MENA’s startup saw an increase in funding in Q1 2020, according to a special Q1 2020 MENA Venture Investment Report. $277M was invested in 108 startup investment deals in MENA, an increase of 2% in total funding from Q1 2019 to Q1 2020.

The UAE has proven to be a safe place during these tough times, both economically and healthcare wise. The strength and resources of the UAE Government and the people of the country has been noticed globally.
Why UAE???

Favorable business environment 
The UAE and Abu Dhabi in particular is an ideal place to start or expand your business. Especially in Oil/Gas sector.

Reach
Due to its central location, you may be able to reach more than 1 billion potential customers.

Less Tax
The UAE enjoys a favorable tax environment with zero corporate tax and only 5% VAT.

Convenience has become the norm
Many of the Government Dept. are getting the work done virtually and will be convenient for businesses. This has increased the ease of starting a business from anywhere in the world. PlusUAE can help the investors & SME’s to open their business in UAE without even their physical presence in  most cases.

Cost Benefits
As part of the economic stimulus packages (https://plusuae.com/ghadan-21-abu-dhabis-economy-stimulus-package/) unveiled by many governments across the region, many fees are waived off for new businesses and SMEs. Abu Dhabi banks, for instance, are offering reduced minimum average balance requirements for all SME account categories.