Introduction

The economy of UAE is one of the growing economy in the world. Today the GDP growth rate of UAE is 4.4%. AND according to expert the UAE is toady one of the suitable place for foreign as well as local people to start a business. The proposal is for the report that will in detail discuss the why UAE is suitable for conducting business. The proposal will start with providing background to the topic. Moreover, it will discuss the research methodology and technique I will use for the project as well as the timeline of my project. In last the proposal will analyze the data analysis method and the scope for the project.

Background

The business sector toady has contributed a lot to the economy of UAE. And there are lot of opportunities provided by the sector to the people for starting up their business. After the global financial as well as the UAE debt crisis, the economy of UAE has shown tremendous growth. And with oil and gas sector one of the major sector that have contributed to this economic growth are small and medium size enterprises. According to an article by Wilma Gervacio the Dubai as well as the entire UAE has started attracting the eyes of investors right after it economic stability. Today in UAE there lot of opportunities in tourism industry, education industry, oil and gas sector, transportation industry, and in travel industry for staring up a new business (Ravindr Deshpande, 2014).

Methodology:

In this course we have to do a research about any topic that related to business. I have chosen first “business in the UAE” but it is too general so I narrowed it.

“Why is UAE a good place to start a business?” It helps us as business students because we have to have enough knowledge about the economic situation in the UAE. I believe that this topic is valuable because it gives anyone and specifically the entrepreneurs who are planning to setup a business in the UAE a general idea to have a legal permission.