Investors flock to UAE on ease of doing business initiatives, visa reforms

Investors flock to UAE on ease of doing business initiatives, visa reforms

KEY TAKEAWAYS

- Special economic zones will be designed to attract specific types of foreign investment, such as technology, manufacturing, and financial services

- More investment likely in real estate, e-commerce, logistics and transportation, hospitality, and tourism sectors

- Business-friendly policies, a stable economy, favorable tax policies, and strategic location are some of the key factors that attract global investors to the UAE

- The new policies and regulations will make it even easier for foreign companies to set up and operate in the country

- The UAE remains an attractive destination for foreign investment in the years to come

Dubai: The UAE looks set to attract more foreign investment this year as the government has introduced various measures for ease of doing business to facilitate global investors to relocate their businesses into the country.

Rising inquiries about new visa options offered by the government to set up a business in the UAE indicate that the emirate will attract more high net worth individuals and millionaires this year, according to a business consultancy.

Business Link, a UAE-based business consultancy with operations in the KSA, said they received many inquiries and clarification about golden visa, silver visa, investor visa and freelance visa as foreign investors are keen to be