Emaar Business Park Building No. 3, First Floor, P.O. Box 125400, Dubai (UAE)

UAE Business: Why the Country is the #1 Destination for Entrepreneurs in 2022?

With a comfortable lifestyle, multicultural atmosphere, business & job opportunities, and flexible public transport connectivity, the UAE’s been an expat-favorite destination since always! Over the years, people have established their businesses here and found their operations to be extremely compatible and flexible.

Owing to the limelight and attention the country’s gaining from businesspersons, it was ranked 1st in the Global Entrepreneurship Index 2022 conducted by the Global Entrepreneurship Monitor (GEM), with a score of 6.8. Here’s why people find running UAE business wise!

Reasons why the UAE’s the Best Place for Entrepreneurs

1. The New Ownership Laws & Tax Benefits

Freehold, off-shore, or mainland — be it whatever registration your business holds, you can now be the 100% owner of your business without a local sponsor. Additionally, at 5% and 9%, the VAT and soon-to-be imposed Corporate Tax is at the lowest compared to other countries.

The country doesn’t have any income tax regimes. offers tax-free cryptocurrency payment solutions, has tax benefits on NFTs, zero tax on purchasing property in UAE, and fully supports Forex payments.

2. Friendly Visa Reforms

Gone are the days when you required a sponsor for your residence visa! You are now free to sponsor yourself and your family by getting a 5-year Green Visa. Under this, your son can be sponsored up till the age of 25. Your daughter can be sponsored until she is married. People of determination in your family carry no age limit to be sponsored.

This also permits you to open a business under the free zone. An additional AED 500,000 UAE real estate investment makes you eligible for the Golden Visa.

3. Economically Stable

The dirham figuratively gets stronger in front of the Dollar, Euro, and Sterling Pound every day. Also, the country can easily be considered one of the most economically stable destinations since it has adequate financial reserves, progressive economic policies that boost businesses & ventures, and strong economic relations.

4. The Ideal Location

Home to Al Maktoum International Airport (the largest in the world), JAFZA, and multiple seaports, businesses in UAE are hugely benefitted from the hassle-free logistics. UAE is the midpoint of almost all trade routes, and businesses, regardless of the sector they belong to, thrive because of the same.

5. A Pool of Labour & Talent

UAE has abundant talent from across the globe, and there’s never been a shortage in finding people across any industry. With an employee-friendly labor law, people have found themselves to be the most comfortable when working in the country.

End Note: Areas Offering Flexible “Live & Work” Paradigm

With these benefits of owning a business in UAE, it’s no surprise that the country ranks at top of the list. Lifestyle-wise as well, this destination is home to 170+ nationalities and has a multicultural atmosphere.

Do you find yourself settling in Dubai and are on the hunt for a place to reside, where you and your family can find peace & comfort, and yet be close to your workplace? Here are a few neighborhoods you can consider:

-Emaar South
-Dubai Hills Estate by Emaar
-Mohammed Bin Rashid City
-Downtown Dubai
-Emirates Living by Emaar
-Madinat Jumeirah Living
-Dubai Creek Harbour

Hamptons International is an award-winning firm functioning in all major freehold communities in Dubai, offering a wide property portfolio to choose your dream home from. From the best vicinity for your children to a corporate office that’s strategically located to offer the utmost convenience, we boast a huge selection.

To know more, dial 800 HAMPTONS (42678667).

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