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Why Set up a Business in Dubai?
During the last 3 decades, Dubai has grown at tremendous speed and shifted from an oil-exporting economy to an innovation-led business economy. Dubai has become the first choice of all business owners and foreign investors. There are multiple reasons for this choice.
Primarily, Dubai attracts foreign investment due to its strategic location and business-friendly government policies. These are the two biggest driving forces behind business owners wanting to set up their business in Dubai. Moreover, an open economy and sector-oriented free zones compel entrepreneurs to invest their fortune and set up a company in Dubai.
1-Ease of Doing Business
Setting up a business in the U.A.E is simple and straightforward. Perhaps, this is why U.A.E has earned 16th place on the Ease of Doing Business rankings issued by the World Bank. If a business owner has all the documents approved, setting up a business in Dubai will not take more than 1 week. Another reason that the U.A.E ranks so high in Ease of Doing Business rankings is the number of free zones that the U.A.E government has established in Dubai. The free zones in Dubai allow 100% foreign ownership, complete repatriation of profits earned, and large tax exemptions.
3-World-Class Infrastructure
Dubai holds significant importance due to its highly modernize infrastructure in the entire world. There are numerous free zones in Dubai of international standards. A world-class airport and modern seaports that handle thousands of passengers daily. Moreover, Dubai has a modern and vast network of highways that allow easy travel. The reliable telecommunication infrastructure, uninterrupted power supply, and loads of amenities are enough to attract business owners from all around the world and set up their company in Dubai.
5-High Standard of Living
The residents of Dubai live in a comfortable city. Dubai has a large number of foreign residents which makes it one of the most diversified cities on the face of the earth. Dubai leads the world in real estate, housing facilities, educational institutions, and recreational activities. Moreover, due to its low crime rates, Dubai has become one of the safest cities in the entire world.