Dubai is the most attractive and prime location to start a new business. It offers limitless business opportunities to entrepreneurs around the globe. The strategic location of Dubai raises the financial prosperity rate. Dubai exhibits an expo every year and introduces countless opportunities for business in Dubai to entrepreneurs. The economy of this city is diverse, and the chances of growth are beyond expectation.
Furthermore, the captative infrastructure and internet penetration are the reasons for attracting new business people. The government of Dubai is always ready to welcome and support new entrepreneurs. More than half population of Dubai consists of foreigners. The culture of Dubai is diverse. People adopt the culture of Dubai very quickly. That is why they like to develop a business in Dubai.
The Benefits of Setting Up a New Business
Dubai’s government offers a great advantage to the new entrepreneurs. The seven significant advantages are given below to prove the statement.
Choice Of Location For New Businesses
Dubai offers 45 plus Freezone and several mainland locations to establish their businesses. In free zones, owners can enjoy 100 percent business ownership, zero taxation, and 100 percent repatriation of revenues. The mainland offers the same facilities to their clients. One hundred percent ownership, zero taxation, and 100 percent repatriation of revenues. Entrepreneurs of free zones and the mainland can trade inside and outside the country. Entrepreneurs are free to choose the location for their business setup in Dubai. They can select the location according to the nature of the business. Such facilities attract business people to establish a business in Dubai.
Easy Process of Business Setup
The process and producer of establishing a business within the boundaries of Dubai are straightforward. According to ease, Dubai is ranked 11th. The judicial structure is very supportive of the new entrepreneurs. Dubai’s government supports the entrepreneur at every step of forming a company. It offers quick paperwork and constant cooperation.
Moreover, the system is advanced. It allows the company holder to complete the process in days. Such a supportive system attracts the businessmen to establish the business in Dubai and see the business’s success in days.
Plenty of Opportunities of Expansion
The strategic location of Dubai opens the gate of trading for the traders of Africa, Europe, and the Middle East. Moreover, B2B trading, C2B trading, and B2C trading are also available in Dubai. The advancement in technology and the internet support online and e-commerce sale businesses. Furthermore, the high internet speed made digital advertisement and other promotions possible for investors.
Government Support In Business Establishment
The government of Dubai is very supportive. It offers support throughout the business establishment process to businessmen. Businessmen and investors come here from around the world. It introduces the most attractive and profitable business scheme around the year. Dubai’s government quickly grants visas to investors, individuals, and entrepreneurs to live in the country. Investors can get ten years visa by using the golden visa system.
Zero Taxation Rule
Dubai’s government offers taxation benefits to the new businessmen information of a business. It promotes the business in Dubai, and many investors have started establishing their business here. The liberal policies regarding investment made the system easy for the investors. No entrepreneur is obligated to pay tax like corporate, import or export, income or personal. Although, the 5 percent VAT tax is compulsory. It depends on the business activity.
Aside from all the benefits of setting up business in Dubai, every individual or investor can enjoy Dubai’s social and personal life. The Dubai lifestyle ranked at 3 in Asia and 20th in the global quality of life index. It is because Dubai has a world-class infrastructure. It provides top-notch health care services to its citizens. The sense of security and safety is outstanding.
Furthermore, the government supports the new entrepreneurs, and the country is full of extraordinary talented candidates. All the mentioned features motivate the investor to invest here. Dubai is the hub of different communities, cultures, and religions. Investors who will invest here can enjoy the diversity in culture as well.
Extraordinary Internet And Technology Services
The advancement rate of digitalization is very high in Dubai. People here are advanced and prefer advanced technology and outclass internet service. Dubai is the only country from Africa and the Middle East region with the fastest average speed. It ranked in the top 20 global broadband indexes in May 2021. The UAE is known for its high-speed internet. The most advanced digital services are available in the UAE. The digital business gates open due to this. It covers the essential part of the economic wealth of the country. It also increases social prosperity in the country.
To conclude this discussion on the benefits foreign investors and entrepreneurs can avail by setting up business in Dubai, and I would say for better profit returns from business, Dubai is the best place.