Speaking on CNBC World’s Capital Connection, Neil Petch, Virtuzone Chairman and Co-founder, highlighted the benefits of establishing a presence in the UAE, including opening up opportunities in new markets such as CIS, Africa and Asia.
Following the Abrahams Accord, Israeli companies and entrepreneurs now have the opportunity to set up a business in the UAE and leverage the country’s top-notch infrastructure, 0% tax policy on corporate and personal income and ease of doing business.
These substantial advantages put the UAE on par with other global economic hubs, such as Hong Kong, Singapore, Malta and Gibraltar.
Recently, Virtuzone formed a joint venture with APEX Holdings to help Israeli businesses navigate the UAE’s unique corporate landscape.
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