The UAE has reopened following the COVID-19 lockdown, and business is returning to normal. Global tourists and residents trapped in various parts of the world are flying back to the UAE as international crossings open up.
The UAE is ready to welcome international investors looking to settle and build a business in the country. The UAE offers a well-managed business ecosystem that can meet all of the needs of international investors.
FUTURE INVESTMENT PROSPECTS FOR INTERNATIONAL INVESTORS IN UAE
Following COVID-19, international investors can easily establish a business in any of the 40+ Free zones and begin ramping up their operations. Due to the strategic position, ease of doing business, and lack of taxation, enterprises in the UAE may gain a competitive advantage by using the tremendous commercial opportunities in the UAE and tapping into worldwide markets. The UAE’s Free zones provide appealing company setup packages, world-class infrastructure, and a slew of investor incentives, including 100 percent foreign ownership, no customs charge on imports to the Free zone, tax-free status, and so on.
COST-EFFECTIVE BUSINESS SETUP
Businesses will benefit substantially from the low cost of company formation and the diverse range of business prospects accessible in the UAE. The UAE might efficiently control the virus’s spread by enforcing strong regulations, exercising social distance, undertaking National Sterilization programs, and establishing mass testing centers, among other things. The UAE has well-structured risk mitigation and a business continuity plan in place to maintain the business environment, attract foreign investment, promote trade, return enterprises to normal as soon as possible, and resume full-fledged economic activity.
THE RISK MITIGATION PLAN AND UAE’s CORE INDUSTRY SECTORS
The government earns a lot of money through real estate, transportation, and tourism. These industries have been the hardest hit by the Global Pandemic. The UAE, on the other hand, has well-defined business continuity policies in place to help enterprises return to track and develop demand.
PROPERTY MARKET IN THE UNITED ARAB EMIRATES
As a result of the restricted travel around the world, demand for properties has been hampered globally, with purchase decisions being postponed and operational issues occurring. Many would-be purchasers are devoting more time to researching and learning about the projects and financing alternatives available.
PROPERTY SECTOR RISK MITIGATION PLAN IN UAE
To counteract the pandemic’s consequences, the property sector is implementing innovative tactics to close the supply-demand gap. To entice clients for low-ticket value residences, developers are offering appealing options to first-time purchasers, such as lower interest rates on property loans, long-term installment plans, and buy now pay later schemes.
STIMULUS PACKAGE FOR FREE ZONES
Dubai’s free zones, including the Dubai International Financial Center (DIFC), the Dubai Multi Commodities Center (DMCC), the Jebel Ali Free Zone (JAFZ), and the Dubai Airport Free zone (DAFZ), have all introduced special stimulus packages. It is designed to assist, encourage, and sustain trade and operations among business owners operating in the separate Free zones.
THE UAE’s BUSINESS ECOSYSTEM HAS A LONG WAY TO GO
According to a recent study of financial lenders, the assistance measures have given the UAE market a lot of confidence. In the UAE, about 42% of respondents anticipate their company will be back to “business as usual” in the next 3-6 months.
Investment in the most recent technology
Businesses must adapt to new technology and invest in areas where they can develop in the future. Innovations in the healthcare sector, crisis management, risk management, artificial intelligence, and data analytics are all must-haves in today’s fast-paced corporate climate.
Changing Buyer Attitudes in the Post-Covid-19 Era
Following COVID-19, customer perceptions and shopping behavior toward larger purchases such as property investment and automobile purchase, as well as lifestyle items such as gadgets, restaurants, and so on, are shifting. Due to the worldwide pandemic spreading across the globe, there is downtime. The majority of people are deferring large-ticket purchases. Market confidence will, however, return when more businesses open and daily activities return to normal.
Speak to RAS Corporate Advisors Business Consultants in the UAE to learn more about the business setup options in the UAE.
Please contact them by clicking the link below.