In the very short span of time city Dubai became one of the popular location for the business purposes. Compared to other cities in UAE nation an international trade and investment hub is the Dubai that has covered many sectors like import and export, event management, tourism, finance etc.
We are doing our services exclusive for business from very years before itself and the experience level made us for an evaluation that why all the entrepreneurs focusing on Dubai market for the business setup? Based on the analysis 10 reasons are found for the business attraction in Dubai.
10 reasons for doing business set up in Dubai
Strategic Location
Geographical location of UAE plays a vital role in the business set up in Dubai, it is situated between Europe, African and Asian locations. Thus they are able to cover the market from all those locations for all the field of business like event management, finance, import and export, construction, tourism and so on. In UAE Dubai is exactly located at the middle which has access to sea and also the largest airports in the world. This location makes their finest transportation of goods towards East and West. Simply the market covered for Dubai business enterprises access to Gulf, Asia, CIS countries and also the European countries
Multinationals Companies
Multinational companies are the 2nd reason and attractions in Dubai with excellent infrastructure which gives more number of opportunities all over the city. Top most MNC’s in Dubai are Microsoft, Nokia, Sony, LG Electronics, HP, Oracle, HSBC, Boeing, Royal Bank of Scotland, Shell, and Emirates Airlines etc. Secondary the globally recognized universities have their campuses in Dubai like Michigan State University, the American University, Rochester Institute of Technology, London School of Economics, Wollongong University and London School of Business and so on.
No Taxation
For every business the incorporation itself will have their tax to certain percentage in most of the locations. In Dubai they have implemented free tax facility that attracts the business people with the network of business enterprises in the diversified region. Dubai does not apply tax for the business setup in all fields excluding some like hotels, international banks, and oil and gas companies. So the NO TAXATION policy is most likely to be applicable to all business types with the exclusion of the business categories mentioned. Some TAX are not applied for the business set up in Dubai:
- Capital gains tax
- Personal income tax
- Value-added tax
- Corporate tax
- Withholding tax
Safe Place to Live and Doing Business
Safety is another factor which attracts business people for their set up in Dubai with the less harm and high peace. When compared to other countries in the world the rules and regulations for business as well as to personal issues it is more restrict and wise. These regulations made the maximum safety to run a business in the local as well as in global market and also for residential purposes. While taking average crime rate globally, Dubai has the least number of around 0.5 to 1 range out of 100,000 population compared to world average 6 to 8 out of 100,000 population. Sexual harassment activities, kidnap, murder, physical attack are some of the crime activities in the average statistical report. Political stability also there for attractions of Dubai business set up. Certainly we can say that Dubai is the safest location than any other place.
Sea Ports and Airports
Seaports and airports are another factor for the business setup in Dubai, which enables the transportation of goods easier than the others. The biggest Seaport in Dubai is JABAL ALI port and the biggest airport is DUBAI airport. All the medium of transportation is easy in Dubai helps the business services.
Residency Visa
Business people who are going to do a start up in Dubai can apply for the resident visa option and it’s issued easily. While doing business in any part of the UAE nation allows you and your family to acquire resident visa for your wellness in the city. Thus UAE resident visa helps you to lease an apartment for a long time duration, you can able to open current account in UAE, and you will be able to enter or exit many times UAE
Infrastructure
For best infrastructure business set up for your business and without confusions business persons can prefer for Dubai and then for all the business types like retail shop, manufacturing unit, industrial and commercial, tourism and so on. More new roads are developed for the public transportation system, international airport etc. are developed. For the infrastructure maintenance UAE stands on the top in the world.
Free zones are the major attractions in Dubai for the business set up and are exclusively tax free area to have a start ups easily. Many free zones are available based on the type of business to startup. For every business there is license required for starting business in every sectors. An example free zone in Dubai for the educational training institution is Dubai knowledge village
Full Repatriation of Capital and Profits
The option of repatriation of capital and profit is 100 percentage in free zones is an advantage for keeping the money in UAE safe under UAE zero taxation policy
Living Standards
Living standards in Dubai is of high quality that can be enjoyed in Emirates for all the business people especially holding resident visa. Expats make up nearly 90% out of the total residents in Dubai, who are coming from almost two hundreds countries of the world.
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