Business in Dubai, Why Dubai?
Dubai is quickly becoming the business centre of the Middle East. As the world’s leading business hub, Dubai offers its guests unparalleled opportunities. Why is this city so attractive to entrepreneurs and businesses? Let us explore what makes establishing a business in Dubai so appealing!
Dubai as a Business Hub
So, why Dubai? Here are some reasons why Dubai is the ideal business destination for investors worldwide:
1. Ease of Business Setup
Thanks to advanced technology and supportive governmental policies, starting a business in Dubai is simpler than ever. Registering your company will take only a few taps and days – the process of forming a business Dubai is straightforward, requiring minimal paperwork. If you need help with this procedure, don’t hesitate to contact an experienced consultant who specialize in setting up businesses in Dubai – they can assist at every step!
2. Zero Taxes
One of the most significant advantages of setting up a company in Dubai is that you won’t ever have to worry about paying taxes. You get tax freedom, including income, corporate, and personal tax exemptions. Only a handful of companies may be subjected to 5% VAT for certain business activities; beyond those, no other fees or charges apply.
3. Free Zones Aplenty
Dubai offers two main business areas: a mainland region or one of its 20+ free zones. Launching your company in the latter has numerous advantages that make it an attractive option for entrepreneurs. Not only can you have complete ownership over your enterprise, but 100% repatriation of capital and profits is also permitted! Additionally, working with other businesses within the same industry is possible if you decide to go down this path.
4. Exceptional Government Support
By constantly revising policies and providing enriching opportunities, the Dubai Government ensures investors are provided with only the best facilities, incentives, and security. The government hosts various global events to offer further business growth prospects while establishing fixed regulations for entrepreneurs to abide by to set up and operate hassle-free businesses.
5. Financial Ease in Kicking-Off
When it comes to licensing fees and minimum investment, the numbers depend on which Dubai free zone you choose to work in. In fact, they vary depending on the business activity and sector, with specific business activities requiring more expensive licences than others. However, overall they’re feasible, especially for a budding entrepreneur.
6. Technological Advancements
Not only nationally but regionally, Dubai is an incredibly technologically-advanced city. Some might say this city is at the forefront of digitisation – as it’s on the way to a technologically powered future and becoming the world’s digital hub. Dubai has taken many tech initiatives to reduce traffic, provide world-class internet services, transform healthcare services, eCommerce, and more. This promotes and increases opportunities to conduct business online and offline across the UAE.
7. Top-Notch Infrastructure
Everyone knows that Dubai has the world’s best infrastructure. The infrastructure in Dubai keeps evolving with time, getting even better, and attracting many business people. In addition, Dubai also provides an excellent public transport system, good telecommunication facilities, and terminals, among others. After Dubai Expo 2020, the Dubai government is continuing to invest in infrastructure and making sure it’s all put to use by budding businesses.
8. Diverse, Comfortable, and High-Quality Lifestyle
Dubai is a cosmopolitan melting pot, where diverse cultures, religions, nationalities, and communities live as one. Residing in such a place allows people to learn about the world, helping people build and maintain good cross-cultural relationships.
Moreover, Dubai is also known for its high-quality lifestyle. As such, people are always interested in exceptional services and shopping. Starting a business in Dubai will ultimately lead to a comfortable lifestyle, especially since more is more in the city of glitz and glam.
A Step in the Right Direction
No matter what business you’re in, all companies need a place to call home. Centres such as Souk Al Marfa offer companies the same benefits as free zones, but with a physical business location that business owners can use to showcase their products or services.
For business owners looking to set up operations in the Middle East, Dubai is worth considering. Its low licence costs and easy access to free zones make it an ideal place for aspiring entrepreneurs to start their business ventures. Additionally, Souk Al Marfa provides businesses with a physical presence to leverage the full benefits and the frequent footfall at Dubai’s Deira waterfront.
Flourish with Business in Dubai
Overall, establishing a business in Dubai is incredibly lucrative and beneficial to any company looking to expand to the Middle East.
Starting a business in Dubai is straightforward and relatively inexpensive. Setting up in a free zone offers companies tax-free operations, and reduced licensing fees, among other benefits. This makes business setup in Dubai an attractive option for entrepreneurs looking to quickly get their business off the ground.
If you want to make your mark in the Middle East market, look no further than Dubai! Contact us today to see how we can help your business flourish.