Dubai is undoubtedly, one of the world’s top destinations to live, work and do business in. The last two decades have witnessed Dubai getting transmuted into a huge business destination giving the top cities in the world a run for their money. The most prominent among the seven emirates of the United Arab Emirates, Dubai is an immensely attractive business destination for any company that wants to capture the rapidly expanding markets of the Middle East, Asia and Africa.
Offering
excellent communication and infrastructural networks, increased foreign
ownership, relaxed immigration formalities, and the relative ease in setting
up a business, Dubai provides the perfect atmosphere for establishing a thriving
business.
Here are some key
factors that make Dubai an attractive business destination.
- A flourishing Economy – Dubai has demonstrated exceptional economic growth among all the Emirates in the UAE. Bouncing back after the recession in 2009, Dubai has diversified away from oil and has been remarkably successful in sectors like trade, logistics, transportation and tourism.
- Supportive Investment Atmosphere & Governmental Support – The support for new businesses continue to grow through the Government of UAE and other supportive agencies. Dubai’s Department of Economic Development (DED) has been instrumental in transforming Dubai’s economic timeline. It is working relentlessly towards improving the economy and offers all help required to create a conducive investment atmosphere for investors.
- Large number of Free Zones – There is a great number of free zones surrounding the emirates and Dubai is now home to more than 30 free zones. Foreign business investors have many benefits if they decide to do business in any of them. Free zones allow the foreign investors to have complete ownership of their investments, along with return of profit and capital.
- Tax benefits – The appealing low tax system of the emirate of Dubai makes it a perfect place to set up the branch of a foreign company in Dubai. All companies operating in Dubai Mainland or companies formed in the Free zones enjoy major tax benefits. This offers a great incentive to entrepreneurs planning to setup their business in Dubai.
- World class Infrastructure – Having one of the best infrastructural facilities in the world in terms of telecommunications, road networks, ports and airports, Dubai is truly a great place for investors. There are office spaces, warehouses and the factories operating within the same areas where the companies are. This reduces the time and money spent on such facilities to a minimum.
