Travel & tourism industry is one of the largest growing sectors that create exports, drive jobs, and leave a strong impact on the world economic development. The sector contributes 10.4 % towards the world’s GDP. In 2018, tourism has contributed 4.0%, which is expected to rise to 11.7% by 2028.This planet has got a large number of platforms that attracts tourist from every corner of the world and boosts the sector as well as the economy. According to the 2018 World Economic Forum and the World Risk Report, Dubai has been tagged as the world’s 2nd safest destination for tourists. Let’s have a look…
Dubai, the land of gold, has always been a remarkable tourist destination by worldwide tourists. It is one of the liveliest cities on earth and captures a global audience from every corner. Some of the attractions include Burj Khalifa, Warner Bros. Park, Palm Jumeirah, Dubai Mall, Dubai Creek, etc. The city has not only presented a platform to the world-wide tourists but also opened gates for entrepreneurs who dream to establish their travel business. If you have a plan to set up a business in Dubai, you can count on the travel and tourism sector. The city has a wide growth opportunity ranging from Gulf port to world-famous business crossroads. The city has opened its gates for various business industries to initiate, grow and transform themselves, ultimately building Dubai as an intercontinental business nucleus.
A research has been done to figure out the safest tourist destination by considering several parameters like a risk for health concerns, natural disaster, and crime risks etc. into the count. Dubai has been ranked after Iceland, which reveals as one of the most peaceful nations. This can be one of the most beneficial points for business freaks who dreams to establish a travel business in Dubai. Free zones in Dubai become one of the most influential parts that drive millions of international investors to decide regarding company formation in Dubai.
Business Setup in Dubai
Business building is a challenge that needs to overcome uncountable obstacles. The idea of business setup has to pass multi-levels of parameters after which a concrete decision can be made. It turns out to be very essential for businessman and entrepreneurs to make sure that the place you choose for business must satisfy different parameters that include Political, Economic, Social, Technological, Environmental and Legal environment. As mentioned earlier, since this platform has been ranked second safest zone, you can easily set your business and make it the best travel and tourism ground. This would not only grow your business profit but will also help you in diversifying it further. Apart from the establishment part, let’s have a look at the benefits that one can derive by incorporating a business entity in the ‘City of Gold.’
Benefits of Setting Up a Company in Dubai
A company carrying out their business activities in Dubai can avail the following benefits:
- 100% ownership
- No tax burden
- The shareholder need not be a resident of Dubai
- Bank accounts can be opened in any currencies
- Tariff-free trade access to GCC Market
- Duty-free imports
- Low renewal taxes
The well-designed safest destination is a podium where the travel business accelerates very high. The Expo 2020 is on the way which targets a tourist count of 20 million visitors. This event will boost and swoop the tourism industry to the next extent. This is the best time that you can build your business foundation and climb up gradually. At this point, it is recommended to have a word with a business consultant who is well-versed with the company incorporation process, and who can guide you in every step. Commitbiz, one of the top business setup consultants in Dubai can help you deal with this. We are one of the top business consultants in Dubai and we aim to transform business dreams into reality. Our business experts are well-versed with the incorporation and legal rules and will help you in completing the process in a hassle-free way. To know more, do contact us. We’d be happy to assist.