Top  5 Compelling Reasons to Start a Business in Dubai

Top 5 Compelling Reasons to Start a Business in Dubai

Dubai has transformed over the past 40 years from a small trading hamlet to one of the most amazing and prosperous economies in the world. Today, it serves as a hub for international trade and offers chances for foreign investors to invest in a variety of economic sectors, including trade, real estate, construction, logistics, tourism, hospitality, and many more. The world's top corporations have offices in Dubai, and new businesses are established there as well.

 

Are you contemplating launching a new business or maybe growing your current one in other areas? If so, Dubai in the United Arab Emirates should be at the top of the list of viable locations.

 

Check out the top 5 reasons to start a business in Dubai

 

1. Consistently expanding economy

Dubai's economy is booming, and it has had great success in the GCC region since it stopped trading in its oil and started trading in high-end non-oil commodities. According to the regulator's most recent forecasts, the second-largest economy in the Arab world, which grew by 3.8% in 2021, is anticipated to rise by 5.4% and 4.2% in 2022 and 2023, respectively. And, Dubai's GDP grew 5.9% to $27.8bln in Q1 2022. 

 

Dubai has experienced the fastest economic growth among the Emirates and has thrived in diversifying away from oil, recovering from the recession of 2009. The GDP of Dubai is largely the trade, logistics, transportation, and tourist industries.

 

 

2. Superior Infrastructure, Location, and Reputation

Dubai is the crown jewel of the Emirates and has the location, infrastructure, and business reputation that not only make it the best place to conduct business but also the easiest place to draw business.

 

Businesses in Dubai have unmatched access to the 1.5 billion-strong consumer markets of Africa, West Asia, Eastern Europe, and the neighbouring Middle Eastern countries because of its location at the centre of the global corporate behemoth known as the United Arab Emirates. Dubai is one of the most well-liked locations for commerce and investment worldwide since it is located at the gateway between East and West, as thousands of new enterprises are found every year.

 

In terms of road networks, telecoms, ports, and airports, Dubai has some of the best infrastructures in the entire globe. To connect the many pavilions at the expo site, Dubai's Roads and Transport Authority (RTA) has actually announced plans to build an underground railway system.

 

3. Dubai Has No Income Tax and Fully Repatriates All Profits

It is not surprising that the business-friendly tax rules of Dubai are the reason why so many foreigners choose to open businesses there. Living in Dubai is a great choice for you because of the low tax rates on income and the abundance of leisure activities available.

 

4. Low Entry Hurdles and Excellent Government Assistance

A new business can be registered in a couple of weeks, and the process is remarkably simple and economical in Dubai. Additionally, the government's low entry barriers and business-friendly laws encourage investment in new companies and make it easier for trade between the United Arab Emirates and the rest of the world.

 

In fact, the UAE's government prioritises new business as a key component of its strategy for long-term economic stability, as seen by its favourable business policies and cutting-edge investment infrastructure.

 

5. A Sizable, Accessible Workforce

Finding the proper individuals to work with is one of the major challenges when launching any new business. Again, Dubai triumphs. It is simple and, perhaps most crucially, fairly affordable to hire personnel from practically anywhere in the world thanks to its liberal and reasonable labour regulations as well as its desired working environment. Businesses can more easily scale their resources up and down as needed due to the ease with which expatriate workers, who make up a staggering 90% of the city's labour force, can enter and exit the UAE.

 

Start Your Easy Business Setup Journey With Us

These are only a few of the main factors that have contributed to Dubai's rise to the top of the list as a business destination. If you're considering where to start a business in Dubai, give number 1 Free Zone, DMCC some thought. Click here to discover more about the process of business setup in Dubai.

 

When you're ready to set up business in Dubai or anywhere else in the UAE, professional business setup experts at Probity Corporate Services provider (PCS) can assist with licencing, registration, obtaining real estate, and any other certifications you might need. 


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