8 Reasons to Invest in Dubai

Being recognized as the ultimate destination for shopping, luxury, entertainment, and business establishments, Dubai has attained the position as one of the world’s highest-targeted destinations. Every year millions of foreign expats visit the nation for numerous reasons which have fetched multiple investment opportunities for business investors to come forward and invest. This blog will highlight eight reasons that will make you understand why investment in Dubai turns out to be a perfect option now.

1. A Growing Economy

The journey from the land of oil to the area of a global business hub, Dubai has seen transformational growth. The primary focus at the initial stage was the oil and gas industry, but in due course of time, the region has shifted its focus towards the non-oil business sectors and has seen a boost in all possible domains. At present, the GDP growth stands at 2.9 percent, which is expected to boost drastically in the next few years. From the year 201-2018, the region has attracted multiple foreign investors who have to add on $21.6 billion through FDI. This has paved out various ways for investors to start a business in the UAE.

2. Multiple Business Options

The city of Dubai holds enormous opportunities for business establishments. Ranging from an entrepreneur, freelancers, or even established business owners, everyone has grounds to implement their business ideas. Over the past few years, the nation has built itself as an ultimate business ground for numerous industries ranging from tourism, hospitality, retail, etc. Freelancers who are experts in their domain like digital marketers, IT professionals, and fashion designers can step forward to implement their ideas and start a business in Dubai.

3. Multiple Location Options

Now, you must be wondering where to set up the business. Well, don’t worry. The Emirate of Dubai holds different regions like Mainland, Free Zones, and Offshore. Each of these zones has got their specifications, which benefits an investor to start a business according to their business requirements. It serves out to be profitable if you have an idea regarding all the three locations before setting up a business in Dubai.

4. Government Initiatives

Every year the Government of Emirates takes numerous initiatives to uplift the UAE’s economy and grab the attention of international investors. Smart actions have been made in all possible business industries for both government and private sectors. Since the inception of the Smart Dubai project, more than 130 initiatives have been formed, which include the Dubai Data Initiative, Dubai Blockchain Initiative, Dubai Paperless Strategy, etc.

5. 100 percent repatriation of Capital Invested and Profits Earned

Another important dimension that every business person is concerned about is related to the liquidation and the steps after that. Now, to ease the process for the investors, the Dubai government provides complete freedom to the business owners to come ahead and repatriate the total capital invested and profits earned, which turns out to be beneficial for the business professionals.

6. No Personal Tax

One of the most frightening thoughts that appears in the mind of business professionals is regarding tax. To provoke the investors to come ahead and invest in Dubai, the personal tax has been completely exempted. Recently, the VAT rule has been implemented in the UAE, which mandates that corporate entities pay a VAT of 5 percent. So, if you start a business in the UAE, you don’t have to pay personal tax.

7. International Exposure

One of the benefits that you can provide your company is to get international exposure. By starting a company in Dubai, you can quickly get exposure to the global market and can expand your business to the other Emirates, or even to the neighboring countries like Oman, Bahrain, and Qatar, and grab more customers. Also, opening a branch office in Dubai turns out to be a perfect idea for your local business, as it will enhance the goodwill of the company to the next extent.

8. Upcoming Dubai Expo 2020

The world is looking forward to attending the forthcoming Dubai Expo 2020, which is going to be conducted for six months. The event is expected to be a game-changer and is going to attract more than 25 million visitors globally. Multiple partnerships are looked forward to, and the exhibition focuses mostly on uplifting SMEs, Mid-level companies, and start-ups.

In a nutshell, you have seen the core reasons as to why Dubai stands as an ultimate investment ground. Being a business person, if you are seeking an investment platform for your business, then Dubai is the best option that can leverage your business growth. Now, it is recommended that at the initial stage, you should take the help of business consultants who are well-equipped with the business incorporation process.

Commitbiz LLC stands as one of the premier business setup consultants in Dubai who have helped numerous clients to incorporate their business across UAE, Qatar, Bahrain, and Oman. Our business advisors are well-versed in the legal formalities and can guide you accordingly at every step.

In case you have any queries, do speak to our advisors to figure out the answers. Contact us today- we’d be glad to assist.