Dubai has evolved itself into a global trading hub and ultimate investment destination in various sectors of the economy such as trading, import, export, logistics, hospitality, event management, financial services, construction and so on.
Following are the reasons why a particular should choose Dubai for doing business.
There are many reasons why many entrepreneurs and investors wish to set up a business in Dubai.
Being located strategically between Asia, Europe and Africa, Dubai is a perfect place for setting up many business activities including international trading, logistics, tourism, hospitality, export, event management, and so on. Dubai is situated in the middle of the UAE coast stretching along four hundred miles. It has both the sea and has one of the biggest airports in the World, through which Dubai facilitates transportation of goods between West and East. Thus, Dubai has access to 2.5 billion consumer markets situated in the Gulf, Asia, Africa, CIS countries and Europe.
Generally, the UAE’s economy is considered to be the most liberal and most liberal and most diversified in the region. The no taxation policy for almost all types of business activities except branches of international banks, hotels and essential oil and gas companies In Dubai. These taxes are NOT applied in Dubai.
- Capital gains tax
- Value-added Tax
- Personal Income Tax
- Corporate Tax
- Withholding Tax
Safe Place to Live and to Initiate Business
Safety and well-being are one of the distinguished characters of Dubai as it is one of the safest places in the World. The crime index is one of the lowest in Dubai.
Moreover, Dubai is considered to be one of the most politically stable countries in the Middle East region. Political and security are some of the most significant factors that have brought much international investments and businesses into Dubai. Indeed, the company can expand only in a safe environment.
If you have a company in Dubai in other Emirates of the UAE in general, you will be eligible to acquire a UAE Residency Visa for yourself, your family members and also for your expatriate employees. Having a UAE Residency Visa will give a lot of benefits such as, you are free to open a current account in UAE Banks, you can also lease an apartment for long term basis. You can enter or exit from UAE multiple times. You have access to get visas for other countries, including Schengen countries more efficiently as a resident in the UAE.
Dubai Free Zones
Free Zone is a deputed tax-free area, where foreigners can set up and do business in Dubai with absolute ownership and without partnering with a local Emirati agent or partner. All Free Zones differ from one to another and offer licenses in different sectors. There are more than twenty Free Zones presently operating in Dubai Itself.
If you are starting a business in Dubai, then you don’t need to think about finding an office, a retail shop, manufacturing warehouse or a unit. High and new standard tourism, residential, industrial, commercial, facilities have been built rapidly and on a massive scale during the last decades. Moreover, a new road, more convenient public transport system, a new airport is being developed. According to the Travel and Tourism Competitiveness Report of WEF, the UAE’s infrastructure has been ranked within the best in the World. In terms of quality of roads, The country came second, third in the quality of air transport, eight in the ground transport network and fifth in port infrastructure.
High quality of life and living conditions is a feature a particular will enjoy if they want to start a business in the UAE. The was ranked as the No. 1 Country with the best quality of life in the MEA region and ranked 15th in the World out of one hundred sixty countries. Moreover, the UN Happiness Index has ranked the UAE as the 14th happiest nation in the World. While enjoying a high quality of life and living standards, you can be more productive and inspired by the positive environment around you.
Renowned Multinational Companies
A lot of globally renowned multinational companies including Microsoft, HP, Nokia, Sony, HSBC, Royal Bank of Scotland, Shell, Emirates Airlines, Procter & Gamble, Boeing, Adidas, Procter & Gamble, BBC World have located their regional offices in Dubai. Moreover, many internationally recognized universities have campuses in Dubai, such as the American University, Rochester Institute of Technology, Michigan State University, Wollongong University, London School of Economics, London School of Business and Hult International Business School.
The initiatives taken by the government over the period is escalating the industry more. This presents a vast opportunity for investors to start their business. If you want to start your Business in Dubai, our experts can help you with the documentation and with the whole process. Commitbiz, being one of the best consultants in the Middle East are here to support and guide you in every step. For more details, Contact us. We will be glad to assist.