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The UAE government policies are one of most favorable to effectiveness in the world, according to the most recent index on government efficacies.UAE has outshined world’s foremost economic driving force in terms of competitive policies such as Australia, Canada, US, Germany, UK and many more. Hong Kong, Singapore and Switzerland were ranked first, second and third, respectively.
The UAE government encourages development of private businesses and supports their presence through its business-friendly plans and policies. It predominantly looks to encourage Emiratis with entrepreneurial skills to setup their own companies in UAE.
The Department of Economic Development (DED) issues licenses as well as standardizes all private businesses in the UAE. The government has primarily focused on paperless job and thus better use of technology which has increased transparency in its operations and policies to encourage the private sector and further augment the thrift.