In the last decades, Dubai has grown very fast, from an oil-exporting economy to an innovation-intensive, entrepreneurial economy. This is why it has become the first choice of many foreign entrepreneurs and investors.
Here is a summary of the main benefits of living and doing business in the Emirate:
Strategic location and business-friendly government policies.
These are the two main forces that drive entrepreneurs to set up business in Dubai. In addition, an open economy and sector-focused free zones help many entrepreneurs to invest their capital and set up a business in Dubai.
Ease of doing business.
Setting up a business in the UAE is very easy and fast. If a foreigner has all the documents approved, setting up a company in Dubai will not take more than a week. Dubai Free Zones help foreign entrepreneurs to obtain 100% ownership of their business in UAE, as well as full return of profits generated by the company and large tax exemptions.
Open market and low taxes
The government and regulatory authorities interfere very rarely in the activities of the private sector in Dubai. Personal income taxes are zero. Dubai has a free market economy. Its import taxes are insignificant. Regarding labor policies, Dubai has implemented a liberal labor policy. This permits companies in Dubai to hire an employee from any part of the world, independently of his or her nationality. In addition, Dubai has implemented strong measures to stop fraud and money laundry. This enables foreign investors to invest in a safe place with low worries.
World-class infrastructure
Dubai is significantly important due to its world-class, highly modernized infrastructure.
Additionally, Dubai has a modern and extensive network of freeways that allow for easy travel. Reliable telecommunications infrastructure, continuous electrical power supply and a host of amenities are enough to attract entrepreneurs from all over the world to establish their businesses in Dubai.
Very accessible location
Dubai is located at the center between the Far East and Europe. More than 85 airlines currently operate in Dubai. In addition, Dubai is connected by more than 120 shipping lines. This is why we say that Dubai is easily accessible from anywhere in the world.
High standard of living
The residents of Dubai are living in a very comfortable city. Dubai has many foreign residents, making it one of the most culturally diverse cities in the world. Dubai ranks at the top of the world in real estate, housing, educational institutions and recreational activities.
Learn More: Why Dubai is Best for Business
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