7 Reasons to Set Up Your Business in Dubai
7 Reasons to Set Up Your Business in Dubai
Dubai has emerged as a leading regional commercial hub and has grown to become a leading global business hub, commanding a key position in the global real estate, tourism and business markets with state-of-the art infrastructure and a world-class business environment. It has now become the logical place to conduct business in the Middle East, providing investors with a unique and comprehensive value-added platform. With its strategic location, sophisticated free enterprise environment and strong economic position, Dubai is the ideal base for multinationals.
Apart from economic advantages, Dubai offers a nonpareil lifestyle quality with high-class residential and office accommodation, excellent educational and health institutions, world-class shopping facilities, abundant sporting and leisure facilities and international hotels offering a wide range of dining and entertainment choices. Below are the key reasons why Dubai is the perfect choice to start your business:
Dubai is the epitome of a cosmopolitan lifestyle, the city is always abuzz with the latest of trends, cultural celebrations and delightful sights that make living in the city a happening experience. The city offers its residents and tourists a wide range of shopping and entertainment destinations to choose from. Some are even strategically located closer to all rounded localities that offer community living and corporate exposure making your personal needs available at a close beck and call.
The crime rate in Dubai is very low and the UAE is among the safest countries in the world to do business. Dubai is marked as one of the top 20 safest cities in the world, according to a survey conducted by Aon Hewitt, the global human resource company.
Dubai is a hub for international trading and logistics, its strategic location allows the city to benefit from accessible import/export channels to/from all corners of the globe, specifically Europe and Asia. Dubai is a gateway to the world’s most up and coming markets; India, China and Africa boosting up and coming trading opportunities.
Dubai is home to the largest air cargo hub in the world, Dubai World Central will, once complete, become the busiest airport in the world with the ability to handle over 12 million tons of cargo per annum. Sea freight is a key gateway to over 140 ports globally, Port Rashid and Al Hamriya ports are the key ports in Dubai, in addition to Jebel Ali Port, which is the biggest in the Middle East and with the expansion plans, will become larger than Shanghai port.
Dubai is a pioneer in many sectors and strives to be in the forefront of service, technology and resources. In addition, DIFC provides key financial resources for global players and is the key financial market in the region.
Dubai has the appropriate infrastructure needed to be the bridge between the East and the West. It also has what it takes to be the starting point for a global and regional business, Dubai remains a perfect business hub in the region.
Freezones catering to the needs of multinational companies provides a perfect home for regional offices and logistic centres. Free Zones like Jebel Ali Free Zone (JAFZA), Dubai Internet City (DIC), Dubai Media City (DMC), Knowledge Village, Dubai Investments Park (DIP), Healthcare City and Dubai International Financial Centre (DIFC) cater to numerous businesses.
- Business Opportunities
Since the city is developing and growing at a rapid rate, there is a great desire to increase the economic potential of the city. Hence, there is a large capability for new businesses to enter the market and gain profits. Owing to the cultural diversity, there are a large number of customers willing to try new products and services as well. The government also attracts foreign investors by using numerous free zones to encourage industry and specific businesses that can prove vital to the city’s growth like Dubai International Financial Centre (DIFC) or Knowledge Village.
- Tax Free Income
This is one of the major reasons innumerable expats choose to work in Dubai. The city doesn’t have any government-imposed tax on salaries and thus, one owes nothing to the government. This also allows people to enjoy a larger variety of luxuries that may be hard to afford in other countries due to taxes and other commitments.