Why start a Business in Dubai?
Dubai consistently promotes the initiation of new businesses. Among the myriad reasons to establish a company in Dubai are its superior infrastructure, a proficient workforce, efficient transportation networks, and connectivity to billions of people. Additional attractions include the city’s modern amenities and its diverse, cosmopolitan culture. These factors make it appealing for investors to set up businesses there. Transitioning from an economy reliant on oil to one flourishing with innovation and technology, Dubai has transformed into a hub for entrepreneurial activity. Here are the compelling reasons to consider launching a business in Dubai:
Why You Should Start a Business in Dubai
World-class, flawless infrastructure
Essentially, Dubai provides all the necessary elements to establish and grow a business from the ground up. It boasts the third most trafficked airport globally, comprehensive seaports, sophisticated road systems, abundant energy supplies, and extensive telecommunication networks, all of which illustrate the remarkable infrastructure of Dubai.
Hassle-free business
Research by the World Bank places the UAE 11th in its Ease of Doing Business rankings. It is forecast that Dubai will breach the top 10 in this category in the coming years. In Dubai, you can establish a business in as little as seven days, assuming all necessary paperwork and preconditions are met. Additionally, investors benefit from perks such as tax breaks, advantages of free zones, and asset control.
Free trade policy
Dubai champions unrestricted commerce, resulting in minimal government interference and regulatory constraints on private firms. These companies are not subject to any income tax obligations. Additionally, the regulations regarding employment are designed to be advantageous for investors, allowing employers to hire staff from various international locations.
Geographical location
Owing to its unique geographic position, Dubai is a magnet for investors worldwide. Every major airline operates flights to and from Dubai, which also boasts cutting-edge seaport facilities.
Improved living standards
Dubai provides a superior quality of life in comparison to its fellow emirates. The majority of its populace consists of expatriates. Those who live in Dubai benefit from contemporary living accommodations. The city is renowned for its bustling real estate sector and enhanced healthcare services. Stringent regulations in Dubai contribute to the notably low crime rates.
Future readiness in 2019
In the 2019 Future Readiness Index, Dubai has emerged as the top city among Arab nations and has secured the 11th position globally in the same ranking. The assessment criteria for the “Future Readiness” index include the cultivation of emerging local skills, overall future preparedness, and the attraction of international talent. Additionally, the Dubai Department of Economic Development has initiated several projects such as Engage DXB, a Future Readiness Study, and the Future Economy Lab.
World happiness index
According to the 2019 World Happiness Report, the UAE the list as the happiest country in the Middle East. This suggests that expatriates residing in the UAE experience the highest levels of happiness compared to those in other Arab nations. The rising scores on the Happiness index are beneficial for attracting overseas investments and enhancing international trade.
