The fastest developing business hub on the planet, Dubai, has transformed itself from the desert city to the leading city with world-class business and lifestyle in the time-span of forty years. With the great future prospects today, many businesses and leading brands are opening their offices in Dubai.
With the perception to develop a diversified economy, the government has implemented a number of economic and administrative policies to attract businesses and human capital to Dubai.
Below are some factors which are favorable for the setup of business in Dubai.
#1 reason to setup a business in Dubai – Tax-free
A free economy which is always open to foreign business and investment, it is only right to term Dubai as a business heaven. To setup a business in free-zone or the mainland, the involvement of government regulations and policies are minimum.
A range of support is offered by the government for the companies who are looking to setup a business in Dubai. Also, businesses operating in the free-zone have legal permission to be 100% foreign owners with minimum import duties.
#2 reason to setup a business in Dubai – Location
Built with an exceptional approach, Dubai has the prime location. The large coastline and the global aviation hub together eases the transportation and connection of people from all around the globe to come together in one place.
Trouble-free transportation reduces the costs of developing businesses and create far better opportunities.
#3 reason to setup a business in Dubai – Easy availability of manpower
Due to attractive income and global reputation, Dubai attracts a high number of skilled workforce from across the planet.
Also, the government of Dubai makes an effort to convert the existing human capital into more efficient and competent employees by investing into large scale training facilities. This also saves the businesses a large amount of money on training the staff.
#4 reason to setup a business in Dubai – Global reputation
Dubai proved its potential to the world by becoming a global leader of the business hubs. This world-class reputation that Dubai earned in the last few years attracts manpower and businesses in high capacity to Dubai.
With the rising speed of growth, Dubai has gained a world-class image as a leading luxury destination competing with cities like New York and Paris. Hence, setting up a business in Dubai makes it a wise decision.
#5 reason to setup a business in Dubai – Future prospects
With the growing market and business, Dubai is ranked as most developed and connected business destinations. Business setup in Dubai also provides exposure to cosmopolitan lifestyle and multinational workforce.
Setting up the business in Dubai provides great infrastructure and because Dubai is strategically developed between east and west economies, it has the ability to co-exist which helps Dubai in connecting and expanding business internationally.