If you are thinking of starting a new business or even expanding your existing business in other regions? If that is the case, the UAE, and more specifically Dubai, should be at the top of the list of potential places.
According to the 2019 Ease of Doing Business Index prepared by the World Bank, the UAE is in the 11th position globally for conducting business.
With a thriving economy and unbelievable benefits, here are some reasons you should consider a business setup in Dubai.
Table of Contents
1. Dubai is a Business Hub
Maintaining its position among the top 15 global commercial centers in the world, Dubai is the perfect place to set up businesses. For new companies looking to thrive and maintain steady growth, a rapidly growing commercial hub can have numerous benefits.
With an excellent transport system, low taxation for new companies, and commercial real estate options, business setup in Dubai is an opportunity that should not be missed.
2. Favorable Tax Policies
Since the UAE Government wants to build a business-friendly ecosystem in all its emirates, foreign investors wanting to setup businesses in Dubai get to enjoy huge tax benefits. Dubai has only 5% VAT implication for businesses, which is lower than most of the world’s commercial capitals.
Foreign investors are also exempted from paying personal, corporate, and capital gains taxes. This means anyone wanting to setup their business in Dubai would own 100% of the company.
3. Expert Consultation, Efficient Business Setup
While the regulatory measures and legal procedures for company setup in Dubai can seem overwhelming, in reality, you only need to submit your passport copies and name the company.
After that, expert business setup consultants like Company Setup can help with licensing, registration, finding real estate, and any other certification you will need to setup your business in Dubai or anywhere in the UAE.
From simple steps like filling out your name for registration to finding the perfect office space, and even obtaining, keeping track of, and renewing your license, Company Setup will help make every step smooth, efficient, and free of hassle.
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4. Quality of Operation and Living
Dubai is considered a safe city to live and conduct business. Setting up your business in Dubai grants the option of obtaining a residency visa without any hassle.
This comes with benefits such as renting an apartment for a longer period, opening current accounts in regional banks, and traveling to other countries easily. Being one of the few countries in the world that offers a premium lifestyle for you and your family
The United Nations ranks the UAE in the top 20 among 156 countries in their Happiness Index Report of 2018.
There are plenty of business spaces, shopping malls, commercial buildings and industrial units for all of your and your family’s needs. Dubai also offers outstanding conditions for any business to function, in terms of offices, warehouses, and production units.
5. Easily Accessible International Trading
Whether it is air, road, or water transport, transport systems in Dubai are renowned all over the world. They are well-connected with the rest of the world, making the conduction of business from Dubai convenient and easy.
The UAE does not impose any restrictions on its visa, import and export, and forex policies, making it ideal for cross-border trading. Dubai’s geographical positioning is also extremely beneficial for businesses looking to reach potential markets in the Middle East, Africa, Europe, and Asia.
The advantageous time zones also help gain a boost when trading with major international markets. With seamless aviation connectivity, Dubai is an ideal and worthwhile place for an investor looking to set up business in UAE.
Moreover, with easy access ports and abundant manpower, trading businesses can have unlimited growth potential.
Now that the reasons are clear, take your first step by talking to a business consultancy firm in Dubai. They can aid you through the whole process of setting up your business in Dubai or any other part of UAE.
To Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at info@companysetup.ae.
