5 Reasons Why Dubai Is the Best Place to Start a Business

5 Reasons Why Dubai Is the Best Place to Start a Business

Dubai has transformed itself into a global trading hub and the ultimate investment destination in many different sectors of the economy, including but not limited to trading, import, and export, logistics, tourism, hospitality, event management, financial services, and construction, amongst others. Many business owners choose to do their work in Dubai for a variety of reasons, and others have expressed interest in moving their operations there. The city of Dubai is a great place to do business for a number of reasons, including those listed below. We at A&A Associate are here to assist you in the business setup in Dubai. Please get in touch with us if you have any concerns. 

Here are the Five Reasons Why Dubai Is the Best Place for Starting a Business

  • Strategic Location

Due to its advantageous position at the crossroads of three continents—Europe, Asia, and Africa—Dubai is an excellent location for conducting a wide range of commercial activities, such as international trading, import and export, logistics, tourism, hospitality, and event management, among others. The city of Dubai is situated roughly in the middle of the United Arab Emirates’ coast, which is approximately 400 miles long. Because it has access to both the sea and one of the largest airports in the world, Dubai is able to facilitate the transport of goods between the East and the West through the use of both of these resources. As a result, Dubai is able to access 2.5 billion consumer markets located in the Gulf, Africa, Asia, countries of the Commonwealth of Independent States (CIS), and Europe.

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  • Business-friendly Tax Policies

The UAE’s economy in general is considered to be the most liberal and most diversified in the region. Dubai applies a relaxed tax policy for practically all forms of economic activity with the exception of branches of international banks, hotels, and big oil and gas corporations. The following taxes are not applied in Dubai:

  • Personal income tax
  • Capital gains tax
  • Withholding tax
  • Secure Environment to Conduct Business and Excellent circumstances to Live 

Because it is consistently ranked as one of the safest locations to live and visit in the world, Dubai has become known for its emphasis on health and safety. The rate of crime in Dubai is quite low compared to that of other cities around the world. In comparison to the global average of 6–8 serious crimes committed per 100,000 people, the rate of such serious offenses as murder, kidnapping, rape, and bodily assault is between 0.5 and 1 in each population of 100,000. In addition to this, the United Arab Emirates in general is regarded as one of the most politically secure nations in the Middle Eastern region. Many foreign enterprises and investments have been drawn to Dubai as a result of the city’s high level of safety and political stability, which are two of the most important considerations in this regard. Indeed, a risk-free atmosphere is essential to the expansion of any organization.

The great quality of life and comfortable living conditions that one can experience in the Emirate of Dubai are other reasons to select Dubai as a location for conducting business. The United Arab Emirates (UAE) was named the top country in the Middle East and Africa (MEA) region with the highest quality of life, and it was ranked 15th in the world out of 160 countries. In addition to this, the United Nations Happiness Index recently classified the United Arab Emirates as one of the happiest nations in the world. You are able to be more productive and motivated by the good atmosphere around you if you are enjoying a high quality of life and living standards at the same time.

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  • Infrastructure and Home to Many Well-known Global Corporations

If you are beginning a business in Dubai, you do not need to worry about finding an office, a retail shop, a manufacturing unit, or a warehouse because everything is already set up and ready for you to step into. During the past few decades, there has been a quick and widespread construction of brand-new residential, tourism, industrial, and commercial buildings, all of which adhere to extremely high standards. In addition, there will soon be brand new roads, an improved public transportation system, and an entirely new airport(Al Maktoum International (DWC)). The Global Economic Forum’s Travel and Tourism Competitiveness Report notes that the infrastructure of the United Arab Emirates (UAE) is regarded as being among the very best in the entire world. The nation ranked second in terms of the quality of its highways, third in terms of the quality of its air transport, fifth in terms of the infrastructure of its ports, and eighth in terms of the quality of its ground transport network.

The city of Dubai is home to the regional headquarters of a great number of internationally known multinational corporations, including Microsoft, LG Electronics, HP, Nokia, Sony, Boeing, HSBC, Royal Bank of Scotland, Shell, Emirates Airlines, Procter & Gamble, Adidas, and BBC World. In addition, a number of prestigious educational institutions from around the world have established campuses in Dubai, including the American University, Michigan State University, Rochester Institute of Technology, Wollongong University, London School of Economics, London School of Business, and Hult International Business School.

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  • Efficient Seaports and AirPorts Are Available for Importing, Exporting, and Re-exporting Purposes

Jebel Ali Port, Dubai’s seaport, and Dubai International Airport, the city’s airport, are both among the largest in the region. Both are located in Dubai. You will not experience any difficulties in terms of international freight because it is simple to bring goods to Dubai from any part of the world, and it is also simple to send goods from Dubai to any part of the world via sea, land, and air. You will not experience any difficulties in terms of international freight because you will not experience any difficulties.

There are many additional factors that have contributed to Dubai’s rise to prominence as one of the most desirable locations for conducting business, finding employment, and settling down. Nearly 90 percent of Dubai’s population is made up of expatriates, who hail from roughly 200 different nations across the globe. Opportunities for commerce and investment are among the factors that entice people from other countries to settle in the Emirate.  Hope you understand why Dubai is the best place to start a business.

 

A&A Associate is here to assist you in company formation in Dubai. Entrepreneurs can take advantage of the points that were discussed above when it comes to the establishment of a business setup in Dubai. A&A Associate business setup in Dubai is able to address any issues that may arise with regard to your company’s operations in Dubai. Call us at +971564086728 or send an email to [email protected] to get in touch with us.

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