What are the benefits of starting a Business in Dubai

Posted by Saad Mir on November 30th, 2020

In the past decade, Dubai has transformed itself to become a global hotspot destination. It achieved this feat by introducing policies that revamped its business and tourism sector. The city-state has become an international standard in terms of living a luxurious and lucrative life.

Today, setting up an office here is considered a milestone for companies all over the world. Add the rapidly developing technology and infrastructure into the mix and it is clear why establishing your business in Dubai can be highly beneficial to you in the long run. The following are the reasons you should consider setting up shop here.

Abundant Human Resource

Considering the fact that 80% of Dubai’s population consists of expatriates who have relocated themselves to reap the benefits; you can easily find individuals that are capable of fulfilling your business requirements. The sheer diversity of people found in the city-state is one of the most attractive features it possesses and is one of the main reasons that a plethora of companies and start-ups are branching out and setting up here.

Attractive Investment Policies

The UAE government has made a full-fledged effort in introducing some of the best investment policies in the world. This may be the leading factor in the business boom that it has had in recent years. Investors from all over the world have and are rushing to the city-state with full faith that their money is going in the right place. With opportunities in a range of disciplines and industries, the leaders of the country have made sure to cater to every potential investor.

Stable Political Atmosphere

The UAE and therefore Dubai has one of the most stable political atmospheres in the Middle East and it continues to maintain this status through its consistent and genuine diplomacy with other countries. The law has a firm grip on the co-operative residents who are happy to comply as they are aware and accustomed to the fact that life and business here are stable for that reason. In fact, the UAE continues pushing boundaries when it comes to maintaining peace and diplomacy. A recent example is the nation’s leaders officially recognizing Israel as a country and establishing business ties with them. This is something that is unprecedented in the Arab world and will surely lead to a trend.

Free Trade Zones

Dubai has a number of Free Trade Zones which are highly popular with businesses and startups. The reason being that setting up business in free trade zones makes you eligible to benefits such as being able to fully own your company despite being a foreigner, a full exemption from import and export taxes as well as being allowed to repatriate a majority or even all of your profits and capital. Furthermore, you are also given a 100% exemption from corporate and income taxes. These perks practically cut down a huge portion of a business’s overhead costs and is perhaps one of the most attractive features here.

With this information, it is clear to see why setting up a business in Dubai can be a fruitful adventure, however, if you are new here. We recommend that you enlist the services of a business set up consultancy. Their years of experience and industry knowhow can make the process of starting your business seamless and hassle free.

For further information and assistance on freezone company registration, speak with our experienced consultants. Book your FREE consultation today at +971 558654072, +971 4 3827780 or drop us a line on info@companysetup.ae