Question

1) What I learned about doing business in UAE and India?

Answer 1

Both are promising countries with opportunities for growth because both the economies of the countries are highly dynamic. It is important to mention that some challenges are also faced but there are provisions to bypass such issues.

There are several advantages of doing business in the UAE and it includes labour costs that are competitive, import duties either do not exist or are very low, the currency of UAE is pegged to the US dollar, there is no income or corporate taxes, there are no restrictions on the reparation of capital or transfer of profit.

In India, companies can also set up their businesses and it can be through a wholly-owned subsidiary or through a joint venture. Furthermore, companies can also set up their business as foreign companies and limited liability partnership. However, there are challenges which include high costs of starting a business, construction permits are high, registering a property requires a significant amount of charges, companies also have to pay corporate tax along with excise duty, VAT, vehicle tax, fuel tax, property tax.

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