Build your dream or someone else will hire you to make theirs come true,” said Farrah Gray, a well-known American columnist, entrepreneur, investor, and motivational speaker. A quick look around would show that this was reality. People work day in and day out to make someone’s dream come true, you don’t have the time or energy to look at yourself. It’s not too late to start your journey towards your dream. In the end, better late than never. Dubai, United Arab Emirates, is the perfect place to start your journey to your destiny if you want to become a successful entrepreneur. Yes, this land has some salient features that most business purposes don’t have. You can set up your company and take it to the bank of success very effectively. Let’s take a look at the reasons why you should start a business setup in Dubai.
The motivation of Economic Growth
Dubai houses almost all the economic centres around the world with a tremendous growth rate. The emirate has moved up the development ladder by introducing innovative measures under an efficient and future-oriented political regime. With strengths underpinning ambitious entrepreneurs, this is the place to start investing in many sectors. You can choose the territory of your choice and start a business in the jurisdiction of your choice without any literal restrictions.
Divergence of Focus
Not only Dubai but also other Emirates in the UAE have started to focus on sectors other than oil and gas. Dubai is one step ahead of the others in this step. An important step in this direction was the introduction of the Green Visa and Golden Visa as well as the introduction of simple visa processing procedures. Apart from that, visa ranges for retired expats, long term visas for programmers, golden visas for celebrities and businessmen, etc. offers increased economic growth. Let’s make Dubai the right place to start a business.
100% Ownership of the Company
Previously, the company, which was founded in Dubai by an expatriate, required local Emirati owners to own a 51 percent stake in the company. Finding a reliable sponsor and signing a deal is a tough task. This has deterred many immigrants from starting a business in Dubai. The latest regulations remove the need for local sponsorship for companies based in the Dubai mainland. Experts can set up a 100% owned Dubai mainland business through a simple process. The amendments that went into effect this year were a blessing to many. However, restrictions remain in place in the oil, gas and telecommunications sectors. You can start a business without legal complications, if you have the necessary documentation and budget, in another area of your choice.
State of the Art Infrastructure
None of the other global economic hubs can challenge Dubai in terms of infrastructure. Given the speed with which the system is installed and cutting-edge technology, the emirate can be called the place of the future. The outstanding public transport network, seamless connections, availability of energy and water, and very well designed office and commercial space should be emphasized.
Simple Business Setup Process
The legal framework and formalities for setting up a business in Dubai are simple and clear. You can start a business quickly if you don’t have a criminal record and your documents are intact. He doesn’t know the formalities for setting up a business. There’s no reason to worry. We are here to help you organize your business in Dubai. We have good relations with the ruling royal family and other important members of the government. This makes us the best business establishment service in the country.
Tax Exemptions to Make More Profit for Entrepreneurs
Tax is the main factor that affects the company’s profit as a whole. How painful it is when most of your income goes to the state as taxes! Dubai offers an attractive tax package. In addition, the jurisdiction of the Dubai Free Zone is 100% tax-free. You can start your business in the free zone of your choice and get the best profit.
Strategically Located Business Hub for Foreign Investors
Import and export are very important for business development. Dubai is strategically located and well connected to three continents viz. Asia, Africa and Europe. This is another important point that makes Dubai a great location for business. Undoubtedly, the location of the company plays an important role in its growth. Regular flights from Dubai International Airport ensure that your company is perfectly connected to the world.
Healthcare and Education
Education and health infrastructure may not be directly related to your company. However, a strong health and education infrastructure are essential to starting a successful business. White-collar workers, workers and their families should have adequate health care and their children should get a good education. Dubai is probably one of the top 5 countries in the world for health and education.
Availability of Manpower for Entrepreneurs
Depending on the size of your company, you can hire skilled workers from the country you choose. Hiring skilled and unskilled workers with the best salary packages offers better prospects for business growth. The workforce will be very helpful in building a successful company.