Over the past three decades, Dubai has transformed from a small desert city to a veritable mega-city packed with seven-star hotels, artificial palm-shaped islands, business parks, world-class infrastructure, and some of the tallest buildings in the world. With most of these features, Dubai has business opportunities that are not seen in other cities across the globe.
Starting a business is relatively easy, with a wide range of business setup services in Dubai to help you if you do not know where to start. Here are some other reasons why you should consider Dubai when starting your next big venture:
Dubai is uniquely located for international trade and business, making it the perfect place for international people in business to set up shop and for a start-up business to go global. It is located along the coast of the United Arab Emirates, the center of Africa, Europe, and Asia. Dubai will help you maximize your business reach from three continents. It is also home to the Gulf of Oman, making it the perfect port for maritime trade through the Arabian Sea.
Corporate Policies and Taxations
Income tax is not something startups and people have to worry about around the city. However, it is essential to note that specific excise and corporate taxes are levied depending on the situation. For instance, oil companies and multinational banks are expected to pay corporate tax when operating in the city, and businesses with profits exceeding AED 375,000 are eligible to pay 9% corporate tax rate. This low tax situation allows low-cost businesses to set up in Dubai and business people to make the most of their income.
High Standards of Living
Dubai is a wealthy city with very high living standards, perhaps due to the tax-free income situation. It makes a lucrative business environment for business people. The city continues to invest in infrastructure to join the ranks of desirable cities like London and New York. This has attracted the attention of many luxury brands that have set up shops in the city.
Dubai has made a significant investment in infrastructure. The tallest building in the world, The Burj Khalifa, and the artificial islands and peninsula represent the pinnacle of geographic engineering. These are examples of how Dubai is committed to its infrastructure.
Business people can efficiently operate in Dubai, knowing they are well-catered for. Additionally, the city allows easy new business setup in Dubai with seamless structures, policies, and systems.
Dubai has an expat-friendly visa, meaning you can easily have a UAE residency visa when you have a business in the city. Having a visa makes it easy for you to own property in the city and move in and out of the UAE.
A UAE visa makes it easy for business people to own a Schengen visa. These visa perks make the city one of Dubai’s most accessible commercial hubs for offshore company formation. Foreign nationals can quickly settle and own companies in the city.
Endless Support For SMEs
Dubai’s leadership greatly supported businesses when they shut down due to the global COVID-19 pandemic. The exemplary support to start-ups and SMEs led to increased trade and the emergence of many innovative ideas to respond to the pandemic.
Thanks to capable leadership, Dubai has grown into the mega city it is today. The exemplary leadership has laid the foundation to make Dubai the perfect destination for business globally. The Emirate leadership inspires everyone working and living there to do better every day by creating a thriving business environment.
In addition, exemplary leadership works as a reward for businesses, promoting human values, including compassion, sympathy, and generosity.
Dubai is home to over 200 nationalities who work and live in unison. This means that no matter where you bring your business from or whichever part of the world you come from, Dubai will always feel like home for you. This allows socially fulfilling businesses since you will likely find people of your nationality already working and living there.
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