UAE,
the small country in the Arabian Peninsula is a federation of seven
principalities. Each known in Arabic as the emirate, is ruled by a hereditary
emir. And today UAE is well known for having the world's largest oil reserves
and seventh largest natural gas. The two most important cities are the capital
Abu Dhabi and Dubai.
The
country is ranked number 23 in the world ranking for ease of doing business
there, as measured by the World Bank. Significantly, the nation has the most
diversified economy in the Middle East.
The
United Arab, Emirates together have a population of 9.2 million inhabitants.
What is unusual about this is that only 1.4 million are real citizens the rest
are foreigners. The country has a high income economy, with the 19th highest
nominal GDP in the world. Due to the country's energy resources the UAE enjoys
a large trade surplus annual. It has the world's second largest Arab economy
after Saudi Arabia.
Unlike
other oil-producing nations in the region, United Arab Emirates has been
successful in diversifying its economy. 71% of total GDP of the country,
different income comes from oil. In addition, an increase in developing
projects worth over $350 billion USD. The investors interested in investing inUAE islands are looking beyond conventional boundaries. These manmade islands
are ideal for investment and providing better opportunities to secure a bright
future in the investment zone of UAE.
As
a matter of fact, the tourism has become one of the strongest sectors in terms
of revenue for the states; as a result, you may find there the world's best
hotels. The advantage of doing business in UAE is the location. As if this were
not enough, we know that UAE is considered the least corrupt nation in the
Middle East. This is due to a long tradition of laws and rules, but
unfortunately the judiciary is not fully independent and can sometimes be
subject to political regions. Still, the region and its new attractions are
powerful enough to persuade you if you are investing in UAE Islands.
Even
after all this, the biggest advantage for foreign investors is that no income
tax or tax on corporations. However, in some emirates there are certain tax
cups for some activities. In general there are few official taxes and it
represents only 6.1% of the economy. The official language is Arabic Emirates
and its official religion is Islam.
This
is important because Islamic banking is increasingly highlighted. Usually banks
offer a variety of services, and are efficient and competitive. The country has
over 100 state banks also offer these services. More or less, UAE and its newly
developed Islands are the most feasible option for secure investment.