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Dubai, the commercial hub of the United Arab Emirates is the second wealthiest emirate after Abu Dhabi, which is the capital of the country. However, a surprising fact is that, unlike the various other emirates, Dubai’s wealth was not generated from oil assets and natural reservoirs. Additionally, if you are looking to expand your business or are willing to start a new company, Dubai should be at the top of your locations list. Here are some benefits of starting a business in Dubai.
The ‘City of Gold’ earned its title from a diversified economy – which includes industrialization, manufacturing, trade, and tourism among numerous other sectors that the commercial capital has to offer. Dubai has also embarked on obtaining the status of the fastest-growing economy in the world. Trading is the main factor that has aided the economy mainly from China, India, and the United States. With an ever-growing economy and competitive market, company formation in Dubai is guaranteed to be a rewarding experience.
However, if you are still thinking why starting a business in Dubai is the right option for your business activity. Check the benefits of opening a company in Dubai.
Did you know that Dubai now ranks 17th in the world amongst the top global commercial centers? Being a rapidly growing commercial hub has its perks, especially for the new companies looking for a growth base. Dubai is also recognized as the number one Peaceful city in the world.
Dubai stands as a globally renowned leader in this regard for the following reasons –
If you wish to take your company international, think Dubai!
Dubai offers pro-business governmental policies as well as a liberal regulatory environment that makes the ‘City of Gold’ one of the top-notch venues in the world to conduct business. Dubai's business opportunities are enormous & diversified, which has brought this commercial hub to the global front. The region has also established itself as a great economic force, attracting more investors to set up their businesses here.
Since the UAE government wants to build a business-friendly ecosystem in all its emirates, foreign investors get to enjoy huge tax benefits. For instance, foreign investors are exempt from paying personal and capital gains taxes. Dubai has only VAT implemented at 5% – which is way lower than most commercial capitals in the world. These business-friendly tax policies attract a lot of new companies and establish conglomerates in this prospering territory.
For many business owners and company executives who are looking to set up a business in Dubai – transportation is of utmost importance. They specifically look for flight frequency and airport accessibility – which is offered at its best in Dubai. For frequent business flyers, Dubai offers seamless aviation connectivity. That means 1000s of weekly flights to every corner of the world, and easily accessible international airports.
Do not get overwhelmed by the regulatory measures and legal procedures that usually follow the company formation in Dubai. You only need to provide your passport copies and a suitable name for your business in Dubai. From there on, business setup consultants like Sindh Business Solutions will help you with the registration, licensing, legal procedure, and any other certification that you would require to set up a business in Dubai. From filing your name for registration to becoming a silent, non-active partner in the company as per the regulations, Sindh Business Solutions will cover everything. Additionally, on top of that, you get additional perks like a FREE residency visa, assistance in Corporate Bank Account, etc.
This is an added benefit for new companies who are looking to develop their business and gain initial clients. Since Dubai is a global commercial hub, players from almost all domains and industries are present there. This is a great advantage for both- B2B & B2C businesses. As the UAE climbed to 11th rank on a global index of ‘ease of doing business,’ more players are establishing their roots in Dubai’s territory. Furthermore, with ports and abundant manpower, trading businesses find it easier to grow there.
There is an increase in new “plug-and-play” office space in Dubai. This enables a firm to move into the area to make transitions more quickly. Co-working spaces have become a major commercial trend, and Dubai is no exception. However, there are lots of creative, adaptable, and inexpensive co-working places out there.
After reading the benefits of starting a business in Dubai listed above, it makes sense that you would want to do the same. You can speak with business advisers at Sindh Business Services if you want further information about feel free to contact us <CLICK HERE>
You will receive all the required information about the company establishment, Investor/Partner Visa, Family/Spouse, Children Visa & Visas for Employees. Once you get in touch with us, we’ll help you create a sound plan, gather all the necessary paperwork, and obtain your company license according to your dream Business plan with reasonable charges. Surely we'll assist you step by step and throughout the year.
You may Trust Sindh House!
Call us at Landline phone: +971 4 3360 846 or Call /WhatsApp us at +971 542 641 252.