Dubai is a perfect place for business because it is one of the world’s most connected cities. Graphically its location facilitates business networking and easy access to trade. It offers many corporate advantages, making it the world’s top destination for company formation.
A zero tax regime, highly diversified economy, easy business setup, stable governance, and extensive airline network make it a great place to thrive your business or set up a startup. Moreover, Emirates provides many business advantages to overseas companies as well as full foreign ownership.
Dubai has become not only the face of luxury but also the face of international business. It is a central hub of tourists, which plays a significant role in the city’s economy and attracts business. Its vast desert and skyscrapers are the major attractions of the city. People enjoy the Dune Buggy Dubai, Desert Safari Dubai, and the city’s view from Burj Khalifa.
World-leading infrastructure
Dubai has invested a significant portion of its economy in infrastructure. The Burj Khalifa, man-made islands, and peninsulas represent the city’s commitment to its infrastructure. Therefore, every need of the businesses is easily catered by the authorities.
Strategic location
The strategic location of Dubai makes it an excellent place for international business and trade. It is a perfect home for companies going global. Located between Europe, Asia, and Africa, Dubai is a hub of tourism, import, export, and international trading. Moreover, it has access to consumer market in Asia, Africa, and Europe.
Taxation
The economy of Dubai is considered diversified, liberal in region. There is no tax policy almost for any businesses. Dubai does not apply personal income tax, corporate tax, withholding tax, and value-added tax. However, the international hotels, banks,oil and gas companies are exempted from this policy.
Safety and Security
When talking about the safety and security of your business, customers, and employees, Dubai is an ideal business place. It has the lowest crime rate as compared to other regions and is an almost crime-free city. Violent crimes rarely happen in Dubai. A secure and safe environment allows businesses to grow at an exponential rate.
Residence Visa
If you are owner of company in Dubai, you can easily get a residence visa, and for your employees also for your family. It will provide you with many other facilities like getting an apartment on lease and bank account opening in UAE.
High standard of living
Dubai is a wealthy state with an extremely high standard of living. The city’s continuous investment in infrastructure makes it a luxury destination to stay in. It also attracted the attention of many luxury brands, and they also opened their branches in Dubai. The high standard of living and high wages make it a lucrative place for businesses.
Home for multinational companies
Many renowned multinational companies like Emirates airlines, Nokia, Sony, Microsoft, and Royal Bank of Scotland have their regional offices in Dubai. Moreover, many internationally recognized universities have campuses in Dubai. It attracts people from different regions and countries and makes a diverse population. Which also provides businesses with a wide variety of customers.
Excellent Transportation
Dubai owns the largest airport, Dubai International Airport, and one of the region’s largest seaports ( Jabal Ali Port). So you don’t have to worry about importing and exporting your products in Dubai. It provides comfort and convenience to businesses through air and water transportation. Moreover, Dubai has the best road infrastructure in the region, which make communication easy between consumer and supplier.
Excellent network of healthcare facilities
Dubai provides excellent health facilities to its citizens and visitors. They have the right to medical attention at affordable prices. You are responsible for the better health of your employees, so it is imperative that you consider the city’s affordable and secure medical facility before setting up a business there.
Free Zones of Dubai
Free zone is a tax-free area so foreigners can start up their businesses without any local agent. Free zones are available for healthcare business, educational institutions, media companies, financial institutions, and many others. There are 20 free zones available in Dubai.
Resources
The most important thing to consider before setting up your business in any city or country is its resources. Resources can be of different types, like financial assistance, human workforce, or material resources. Dubai has a massive amount of material resources, and being the most populous city in the UAE; it has a large number of competent employees from around the world. Moreover, the easy loan policy of Dubai’s government makes it the best place to establish a business.
Final thought
These points provide a complete insight into the city to establish your business here. Dubai is a safe city with a tax-free system and an excellent transportation network. The government welcomes entrepreneurs to establish their businesses in Dubai and takes every possible step to make the process easy. So we can say that Dubai has everything an entrepreneur needs to launch a business successfully.
