The region of the world in which a company will operate is very important. In the last few years, the Middle East has become an important source of income for many foreign investors interested in countries like the United Arab Emirates, Qatar, Saudi Arabia, Bahrain, and Kuwait.
Setting up a business in Qatar or any of the other countries mentioned above can have a positive impact on those seeking to set up operations in the Middle East; some the benefits attached to opening a company in this part of the world are presented below.
The Gulf Cooperation Council is made of rich Middle Eastern countries which rely on a unified legal framework and which offer access to important natural resources. Those who want to set up companies in the Middle East can choose any of the countries within the GCC and benefit from tax incentives, special investment legislation and most importantly, an easy company registration procedure in countries like the UAE, Qatar and Bahrain.
Not only European and Asian countries have good taxation systems, as Middle Eastern governments have understood the importance of offering a taxation framework for the benefit of business owners. Some states in this region, such as the UAE, rely on a taxation system which implies no corporate taxes on the profits of some companies, while others impose some of the lowest corporate taxes in the world, such as Qatar where the profits of a business are taxed at a 10% rate.
If there is one thing the Middle East is known for is its location which offers access to important markets all over the world and its infrastructure which complements this access. Middle Eastern governments know that for investors time is one of the most important assets and a good infrastructure will have a positive impact on the overall operations of a business which is why countries will not settle for a good infrastructure, but an excellent one.
The Middle East is one of the most important players on the oil and gas industry in world, however, many countries in the region have started investing and supporting other economic sectors which have helped them attract investors from other industries. Now, the Middle East is one of the most important investment destinations for important players in the financial, research, development and innovation industries, so choosing to set up a business here can be just as appealing as in any other European country.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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