Why Dubai is a Preferred Destination for Foreign Investment?

Posted by Make My Firm on April 29th, 2021

Dubai has been a significant entry point for foreign investors in recent times, especially since UAE ranked second in the West Asia region with 35.5 percent of total FDI inflow. Therefore, several countries are using it to reach the wider region. Another reason for this is Dubai's strategic position, which links East and West economies and caters to the needs of billions of customers from the Middle East, Asia, Europe, and America.

Why Dubai is the Most Favorite Investment Destination?

• According to the Dubai FDI Monitor Report 2016, Dubai has successfully retained its position as one of the top ten global cities for attracting foreign direct investment.
• In 2018, Dubai was the most popular investment destination in the MENA region in terms of the number of FDI projects and overall FDI money. In 2018, no other city in the country received more foreign direct investment.
• Dubai, along with Singapore and London, remains among the top three countries in the world in terms of FDI programs.
• Dubai overcomes global barriers to attract AED24.7 billion in foreign direct investment in 2020.
• With 189 companies entering the FinTech and Innovation industry in 2020, the total number of businesses in the ecosystem has more than doubled.

It doesn't end there: more FDI inflows are expected in the upcoming years, boosting the country's growth. According to these numbers, it is proved the Dubai has grown into a global financial, industry, trade, and tourism center, as well as the most popular global destination for foreign direct investment.

So, are you also planning to set up your business in Dubai? Let’s understand how will you benefit from it and what are the key points to consider.

Benefits for New Business Setups In Dubai

• Individuals and businesses are not charged directly
• Foreign transactions are regulated fairly, and the banking industry is reliable and profitable
  Dubai's economy is so diverse in terms of sectors that each prospective investor has a variety of options for starting a company
• There are no restrictions on remitting money back to their country, and there are no currency controls
• Its overseas workforce is inexpensive and transportation & development infrastructures are satisfactory
• With an excellent quality of life and high standard of life, Dubai is one of the world's richest cities.
• Dubai is one of the most significant trading centers in the Gulf Cooperation Council and the Middle East
• In terms of roads and airways, Dubai has one of the most outstanding infrastructures in the country
• Long-term political stability

Furthermore, Dubai is planning to host Expo 2020 which will put together all of the world's innovative minds to exchange their ideas and assess the business prospects available to them. During this case, it is expected that 25 million people will visit Dubai, with approximately 70% of them being foreigners. Expo 2020 is projected to bring in a large amount of foreign direct investment, resulting in economic growth.

As a result of Expo 2020, as well as the overall benefits provided by the government through its policies and infrastructure, large-scale businesses, as well as small and medium enterprises, have an ideal opportunity to set up business in Dubai.

To setup your business in UAE, Make My Firm is the best consulting firm in a cost-effective manner. Make My Firm has been delivering consulting services for over years, and its seasoned consultants will provide you with the requisite guidance to ensure that your company is up and running in no time. So, to book your services, you can contact us on +971 56 190 5995 or write us at infommf@makemyfirm.ae. Get in touch with us today!