Are you planning to set up your business in Dubai and wondering about the benefits of the same? Here are the two essential things to know!
-Why invest? &
-How to invest?
Good News for All Entrepreneurs and Investors in Dubai
To maintain its top spot globally for luring FDI projects during H1 2022, the Emirate has once again maintained its position as the world's leading hub for FDI. Data from Dubai's Department of Economy and Tourism (DET) show that during the first half of 2022, the emirate attracted 492 FDI projects, a rise of 80.2% over the same period in 2021.
The world's top investment destination is cemented by Dubai's first-rate infrastructure, adaptable regulatory environment, and dynamic business ecosystem that fosters innovation and draws in talents from around the globe. One of the safest and most stable business environments, the Emirate encourages foreign investment.
According to "FDI Markets," the most comprehensive online database on cross-border greenfield investments, published by the Financial Times Ltd., Dubai also led the world in luring greenfield FDI projects over the same period this year. According to data from its FDI Monitor, the Dubai Investment Development Agency (Dubai FDI), a DET agency, greenfield projects made up 56% of the Emirate’s FDI projects over time.
Inflows of foreign direct investment into this place totaled Dh13.72 billion in the first half of 2022, up 14.6% from the previous year’s period. Besides this, let us look at one more reason why this is the best time for you to invest in Dubai without further delay.
A Perfect Time for Your Best Investment in Dubai
With excellent scores in Institutional Framework, Content Provision, Service Provision, Participation & Engagement, and Technology, Dubai has cemented its position as one of the best digital governments in the world and earned the top spot in these essential indicators. Learn more about this remarkable accomplishment below.
It has developed a distinctive form of governance that promotes human happiness and well-being in all facets of life. Dubai's dedication to embracing digital advancements, cutting-edge technologies, and a culture of excellence has made this model possible.
Due to the leaders' efforts, the Emirate has become a metropolis with excellent administration and a focus on technological innovation. According to the Local Government Online Services Index (LOSI) 2022, Dubai is ranked first in the Arab world and fifth overall.
The poll, which the UN published as part of its Digital Government Report, represents the organization's evaluation of the level of digital government in all 193 of its sovereign member nations. According to the report's website, the rankings are based on a combination of primary and secondary data from different UN agencies and guided by more than two decades of longitudinal research.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, said in a tweet that Dubai was also the world leader in terms of institutional structure, digital services, and content standards.
So, ready for your company formation, but have a low budget initially. No worries! There are some ideas for low-investment businesses in Dubai as well.
Proceed with a Minimum Investment in Dubai
After the global pandemic, the economy remained unbalanced in many places. The United Arab Emirates was also a part of the situation, but the country handled it very well.
The governmental strategies proved successful, and the country was back to its pre-covid situation, perhaps even better. Though people invest massive amounts here and get excellent returns, if you are investing for the first time, a minimum investment would also reap the rewards under professional guidance.
In a previous assessment by the United Nations Development Program and The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), the UAE was named one of the best-prepared nations to tackle future risks and challenges in the future, published in June 2022. The survey included 40 countries, including seven Arab nations, and found significant disparities in each country's capacity for change and willingness to take risks.
Invest Money in Dubai under a Professional Guidance
Whether you are an investor or an entrepreneur planning for an expansion or a business setup in Dubai, we are here for you. We provide end-to-end services and make this process hassle-free for you.
Contact us for further assistance, and we’d guide you to setting up your dream company.
What is Dubai’s rank among the top digital governments?
The United Arab Emirates ranked 5th globally and 1st among the Arab countries.
What were the parameters for ranking among top digital governments?
The parameters were Institutional Framework, Content Provision, Service Provision, Participation & Engagement, and Technology.
What was the contribution of the Greenfield projects in Dubai FDI ranking?
According to data from its FDI Monitor, the Dubai Investment Development Agency (Dubai FDI), a DET agency, greenfield projects made up 56% of the Emirate’s FDI projects over time.
How much did Dubai’s FDI increase this year compared to the previous year?
Inflows of foreign direct investment into this place totaled Dh13.72 billion in the first half of 2022, up 14.6% from the previous year’s period.
How is the report for the top digital government ranking prepared?
According to the report's website, the rankings are based on a combination of primary and secondary data from different UN agencies and guided by more than two decades of longitudinal research.