Why Set Up Business in Dubai?
What reminds you when talked about Dubai?
Dubai, a country that sparks interest of many to live, work and invest in this land. Strategically located between Europe, Asia and Africa, Dubai is a cosmopolitan city at the crossroads of Europe. The fast-growing economy of the country has brought in the highest standards of comfort and convenience with the traditional adventure of Arabia.
As of now, Dubai is always referred as an ideal place for doing many business activities due to its strategic geography location and the strong economy. Yet, there are a lot more reasons that draw the attention of foreign investors.
Here’s a breakdown of why do people setup business in Dubai
- Strategic Location and Great Connectivity
Dubai has access both to the sea and has one of the largest airports in the world, through which Dubai facilitates transportation of goods between the East and the West. As such, Dubai has an easy-access to 2.5 billion consumer markets situated in the Gulf, Africa, Asia, CIS countries and Europe.
- No-taxation Policy
The oil-rich city has one of the world’s highest per-capita incomes. There are no personal income or capital gains taxes here. Also, Dubai has no restriction on repatriation of capital and profits.
- Good Investment Climate
The Dubai economy is a combination of cost, market and environmental advantages that has created an ideal investment climate for businesses alike. As the matter of fact, these advantages have further cemented its position at the forefront of the globe’s, dynamic and emerging market economies.
- A Hub of Multinationals Company
Many global big players like Microsoft, LG Electronics, HP, Oracle, Nokia, Sony, Boeing, HSBC, Adidas and BBC World have their regional offices in Dubai.
- Business-Friendly Ecosystem
The government-pro business environment with the most transparent business regulations in the region, tax-free zones, first-class infrastructure, and skilled workforce are the main contributing factors that made up the business-friendly ecosystem in Dubai.
There are many other reasons of why Dubai is one of the sought-after places for living, working and doing business. Many times, foreigners are attracted by the business and investment opportunities in the city.