Ramdan Kareem from AbuDhabiWeek.ae

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Saturday, 07 January 2012

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A great place for business

Abu Dhabi is a great place to live – with all the parks and beautiful places it has, it makes life even easier, but this is not the only fact which makes Abu Dhabi a great place. Perhaps the very best thing about Abu Dhabi is that it’s such a great place to have a business.

To begin with, you don't need to pay any taxes – this is one of the main reasons why Abu Dhabi is producing so many business tycoons who have great business experience. A businessman in this impressive place is free to start any business he wants as long as the business is legal. With so many opportunities, thousands of people have left their homelands and migrated to this awesome place with the goal to start a business – and so many of those people have been very successful.

Another thing that makes Abu Dhabi a great place for businesses is that there are so many banks that are always ready to offer loans to the businessman to start his career. Furthermore, the banks in this country offer business loans at a very low interest rate so that if an entrepreneur wants to expand his business, he can. Sometimes, though, the banks refuse to offer loans to some small businesses, but I think this also makes Abu Dhabi a good place for business.

Why? Sometimes the businessman becomes so engaged in his business that he wants to take the maximum loan when in fact he has no hope to return it. In this case, the banks are right to refuse a loan to such a businessman because he might even lose everything – even his personal belongings – and the banks don't want this to happen to him. Even though the businessman doesn’t get what he is asking for, the banks are really helping him.

Without the burden of taxes, with all the great opportunities and with so many excellent banks, this city offers no limit of benefits to people who want to go into business. It’s good to know that I will have so many options when I finish school. Thanks, Abu Dhabi!

Muhammad Abdur Rab, age 14

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