The Middle-east has always been an attractive destination not only for tourists but for many investors and business persons around the world. The facilitated taxation system, the diverse human capitals, natural resources and geopolitician
What Does Business Travel Mean?
There are a lot of reasons for a person to travel and one of them is traveling because of business goals and this travel is on behalf of your company.
You may have heard the term “Business Trip” too and it is used for each individual journey for work purposes.
We can count many reasons for business travel such as networking, promoting a product/ service, assessing a new market, or meeting a colleague or customer.
Why Should a Smart Investor Consider the Middle East for Business Travel?
The Middle East could be very attractive to investors if they know the Middle East has a good taxation system, for example, some of the countries in the Middle East have the lowest corporate taxes. Another attraction could be the remarkable geographical location which helps to save a great amount of time and money.
The Middle East is known for its oil and gas and these rich resources make this area a great place to invest and have a significant return.
But these are some general reasons and investors should be aware that the Middle East is a vast land in the world and each region has its own attractions to consider for investment and business.
Top Middle-Eastern Destinations for a Business Trip
- United Arab Emirates
The economy of the UAE is the 5th largest in the Middle East and the resources of gas and oil brings many investors to this country but the other industry, real estate and construction, has a great impact on the UAE economy.
In UAE foreigners can not own the majority of their business but Dubai is an exception and you can own all of your business and this is a good point to keep in mind.
Abu Dahbi city is very close to Dubai and is the capital of the UAE. Governors in this city are focusing on the tourism industry and they are trying to diversify their economy but what makes Abu dhabi a good choice for investors and traders is that this city is tax-free and duty-free even for foreigners.
And a new field to invest in is the solar energy industry because UAE has one of highest sun exposures globally and investing in this area could bring you a lot iof money.
- Qatar
Oil and gas and extensive construction make this country very popular for investment. Also the 2022 FIFA World Cup brings a lot of tourists to Qatar and this could be a great opportunity for investors to make a benefit from that.
Qatar’s strategic location and Hamad Port could be a potential opportunity to make this country a logistics hub too and also Qatar has 2 free zones which encourage entrepreneurship and foster growth among small and medium-sized enterprises.
- Egypt
This ancient land has been through a lot of changes lately and today it’s an option in the investors list because of its tourism industry. Besides, construction and textiles industries are noticeable.
Cairo’s Qualifying Industrial Zone (QIZ) is a tax-free industrial park which is made in collaboration with Israel and the Zone allows businesses to benefit from US and Israel’s free trade agreement.
- Turkey
If you want to have a business trip you can choose Turkey. There are lots of investment options in this country like tourism but investors could analyze Turkey’s real estate industry, it shows a lot of potential.
Health sector in Turkey is a great source of income and the government continues to develop it so it is an investment area too.
- Iran
Iran’s government always tries to offer investment options by supportive laws and also all kinds of investment are allowed in Iran and there are no limitations for foreign investors and they can own all of their business.
Like Qatar and Egypt, Iran has free trade zones too and companies in these zones can benefit from a 15 years tax holiday.
But 3 high-yield and profitable fields in Iran for foreign investors are Stock Market, Human Resource and energy resource.
This list continues and based on what business you run, you can choose a destination in the Middle East and travel for business aims.
