DUBAI: THE BUSINESS HUB OF THE WORLD
In the last two decades, Dubai has transformed from a local trading community into one of the most attractive business destinations. Dubai is a business attraction for people who want to expand business in UAE, Africa and Asia.
Due to its geographical location, Dubai is an ideal gateway between the west and east. Dubai opens for you a market of 2.2 billion people. It is also the most preferred hub for import and export business which is highly lucrative.
WHY SET UP BUSINESS IN DUBAI?
So let’s examine the advantages to setup business in Dubai:
1. Growing and Diverse Economy
Dubai has shown exponential economic growth in the last few years. After the 2009 recession, it successfully jumped back and diversified away from the Oil business. Today, about 60% of Dubai’s GDP is formed by tourism, logistics, and transportation and of course trade.
2. Legal Framework
Dubai is constantly improving its Investment laws and incentives to encourage foreign investment. It became the first emirate in UAE to provide foreign ownership of land, stock and property.
3. Tax- Regime
Dubai has a benign or you can say lenient tax-regime. Whether you set up a joint company in mainland or set up a business in Free zone- everyone enjoys tax-free haven. The 0% tax structure and low import duties make it an ideal destination to setup business in Dubai.
4. Free Zones
Dubai homes over 20 free zones catering to various industrial sectors. Setting up a business in Dubai free Zones gives the foreign investor 100% ownership of their business. Along with they enjoy benefits of no tax and other facilities in these free zones.
5. Physical Infrastructure.
Dubai is known for its world-class infrastructure. It has the best road networks, airports, ports and telecommunication facilities. Further, Dubai is heavily investing to develop better infrastructure facilities making it an attractive destination for investors.
6. Visionary Leaders
The vision, perception and belief of Dubai’s leaders transformed it from a traditional trading community to the modern and vibrant city it is today. Their belief in the potential of the future has made Dubai, what it is today. Their visions continue to grow and so will the business in Dubai.
If you’re looking to expand your business, Dubai is definitely the destination. Dubai with its relaxed immigration formalities, increased foreign ownership, relaxed tax structure and world-class network and infrastructure, provides the ideal climate for business setup.
However, setting up a business in Dubai can be a daunting task. There are a lot of legal formalities, lengthy paperwork, bank formalities, immigration etc. that you need to adhere to
XPAND UAE can help you setup business in Dubai with ease. We can help business across all verticals.