Dubai is the metaverse for investors, small and large companies. Experts around the world already agree: Dubai is a highly attractive location for setting up a business. Read the main reasons why you should start your business in Dubai.
Dubai, the beating heart of the United Arab Emirates, is known for its impressive skyline, luxurious lifestyle and strategic location as a global trading centre. But beyond this glitzy façade, there are tangible business reasons that make Dubai an attractive location for entrepreneurs and investors from around the world. In this post, we will discuss the key reasons why you should consider setting up a company in Dubai.
Strategic location and global connectivity
Dubai enjoys a central location between the continents of Europe, Asia and Africa, making it an ideal hub for international trade. The city has two of the world’s busiest airports and the largest man-made harbour in the world, Jebel Ali, which enables fast and efficient logistics. This global connectivity facilitates access to international markets and offers businesses the opportunity to quickly expand their reach.
Tax benefits and financial incentives
One of the most compelling reasons for setting up a company in Dubai is the significant tax benefits. Companies benefit from a complete exemption from income tax as well as corporate taxes, with the exception of a new 9% corporate tax that only applies to high profits. In addition, there is no VAT on certain goods and services, making Dubai an attractive option for many business sectors.
Modern infrastructure and high quality of life
Dubai offers a world-class infrastructure that enables companies to operate efficiently and successfully. The city boasts state-of-the-art office buildings, extensive road and transport infrastructure and advanced telecommunication services. In addition, Dubai offers a high quality of life with a variety of housing options, international schools and world-class medical facilities, making it an ideal location for expatriates.
Supportive business environment
The Dubai government is known for its proactive and business-friendly attitude. There are numerous initiatives and free zones specifically designed to make it easier for entrepreneurs to start and operate their businesses. These free zones not only offer tax benefits, but also 100% foreign ownership and full repatriation of profits without currency restrictions.
Diversified economy and growth opportunities
Dubai is no longer just an oil-based economy; the city has successfully diversified into sectors such as financial services, tourism, trade and technology. This diversification creates a stable economic environment and offers numerous growth opportunities for companies in various industries.
Conclusion
Setting up a business in Dubai not only offers financial benefits through tax breaks and government incentives, but also through its strategic location, modern infrastructure and supportive business environment. Whether you are looking to launch a startup or expand an existing business, Dubai offers a dynamic and growing economy ready to support global companies. So if you’re thinking about taking your business to the next level, Dubai could be the perfect place to do so.
Contact us today to find out more about how we can successfully support your new or existing business in Dubai.