The biggest benefit of starting a business in the UAE is the business–friendly ecosystem it provides. Be it for foreign investors or those wanting to start their business in the UAE; there are several financial policies and deductions that one can avail of.
Dubai only has a VAT of 5%, which is much lower than any other commercial capital globally. There are tax exemptions for newly established businesses to help them out. Dubai has several Free Zones that provide not just tax benefits but the low-cost setup, showrooms, or warehouses. Other benefits are perfect for those setting up a new business.
The Great Benefits Of Starting A Business In Dubai
Are you looking to start a new business in Dubai or expanding your existing business in the UAE? If yes, Dubai is the perfect destination to think of starting a business. The city connects the Eastern world with the Western world. It is one of the most popular destinations for tourism, culture, and even job opportunities.
Today, Dubai is not just a prosperous hub known for its tourism and oil reserves; several thriving businesses have made a home in Dubai. The city is rapidly expanding. The top investment destinations in the Middle East are the hub of the world’s import and export industry. Additionally, it is home to a population of more than 2 billion people and keeps on growing in every area.
We list down the top benefits of starting a business in Dubai :
A Vibrant Economic Hub
Dubai is part of the United Arab Emirates, which consists of vibrant economies known globally for their fast-growing economies. Of these, Dubai is one of the most successful in economic growth. Tourism has been growing thanks to trade, tourism, transportation,
logistics, and other industries. Additionally, it has a large oil reserve and continues to help grow Dubai’s economy.
Additionally, it is now a very politically stable government, with the able implementation of the law. Dubai is one of the safest places in the world. Businesses can rest assured of working in Dubai without any worry.
The crime rate is the lowest in Dubai, and law enforcement is strict, making it extremely rare for illegal activities or criminal activities.
Seamless Connectivity By Sea & Air
Dubai has the best infrastructure in the world, making it the top destination thanks to its amazing transportation facilities. It is strategically located in the Middle East, making it a major global destination and has the highest flight frequency in the world.
You can travel to almost anywhere in the world via the Dubai airport, and this is also true with its port which is one of the most thriving in the area. In addition to its air connectivity and ports, Dubai is well connected with its neighbors via roads, making transportation extremely smooth and fast.
These factors also contribute to it being a hub for import and export since many shipments and warehouses are located in Dubai.
Easy Availability of Resources
Given the high connectivity of Dubai, another great benefit of starting a business in Dubai is the easy availability of resources, and that why it’s very easy to open a company in Dubai. Be it workers, business partners, or raw materials for your business needs – in Dubai, you can get it all very easily. And if you or your partners are looking for employment visas or business visas, Dubai provides several opportunities for ex-pats to avail themselves of benefits and work in Dubai.
For businesses, the authorities have provided several easy provisions to make sure they can cover their staff for visas and other financial aids. What’s more, thousands of immigrants are working in Dubai, and you can always find the most highly qualified and skilled resources in the country that can help you take your business to the next level.
For businesses that have to rely on raw materials, Dubai is home to the world’s largest ports, docks, and warehouses. You can get raw materials at some of the cheapest rates in the world and easily, given the strong connectivity with all other parts of the world. This makes it easy for businesses to store, produce or manufacture their goods in Dubai and sell to anywhere globally.
Presence Of Global & Local Population
Dubai doesn’t just have a huge immigrant population. It also has a strong presence of locals and many who call Dubai their home. Not just that, Dubai is one of the top tourist destinations in the world. And gets the most diverse tourists from around the world.
This makes Dubai the perfect destination for businesses that are catering to a global or local audience. The diversity in Dubai makes it easy for businesses to find their target audience, and this is also a reason why there is a range of services and businesses that have set up a company in Dubai.
Dubai is home to a range of restaurants, bakeries, cafes, and shopping districts that cater to the luxurious segment and the middle and lower-income groups. The diverse range of offerings makes it a preferred destination for shopping. It is another benefit for businesses that are planning to create a presence in the city.
Open Your Business In Dubai Easily With Shuraa
Now that you have read the benefits of starting a business in Dubai, want to know the best way to get started? Although Dubai’s regulations are extremely straightforward and business-friendly, there is strict adherence to the rules. Even a minute lapse or errors can lead to fines or delays in getting a business license. So it is always suggested to have an expert advisor by your side.
Shuraa helps businesses start operations and easily get all the required permissions to help you throughout your business journey.
To get started on your business journey and find out more, you can call Shuraa experts at +971 44081900 or send a WhatsApp message on +971 50 777 5554 to get started. You can even drop in an email at firstname.lastname@example.org and get your queries answered.