Business in Dubai
Business, Real Estate and Management. Learn the government requirements for what it takes to start a business, structure an investment, acquire and manage real estate in Dubai. Learn the governmental requirements for owning a property or business while doing business banking in Dubai. Learn investment financing and business lending options for commercial, industrial, retail and residential investments. With technology ever changing in the real estate market, get educated on the differences of today’s smart and fractional funding financing concepts including cryptocurrency, blockchain, bitcoin and more…
Dubai and UAE as a whole is a tax-free business environment whether it is free zone or mainland Dubai has zero corporate and income tax on businesses. … The city has become a popular destination for wealthy individuals because Dubai gives them the freedom to enjoy and invest their money.
Dubai is considered by many to be the financial capital of the UAE. In fact, even the Middle East. It is a city where big dreams can turn into lucrative realities for many companies, entrepreneurs, and
There are many factors contributing to Dubai’s financial stability. Most importantly, poverty is virtually non-existent among its residents. In fact, 63% of Dubai residents consider themselves to be financially stable.
Moreover, Dubai ranks third in the world for attracting high-net-worth individuals.One of the major contributing factors for Dubai’s strong economy, is its resilience to outside turbulent economic factors. Also, its ability to constantly innovate and create new channels for growth and development. For instance, in 2018, the leading sectors that contributed to Dubai’s growing economy were construction, tourism and job growth.
Dubai is also considered to be one of the top 25 financial centres of the world. Moreover, the Global Financial Centres Index (GFCI) ranked it no. 18 among financial hubs. Also, Dubai is at the top of the list within Africa and the Middle East region. This makes setting up business in Dubai a great idea.
GRADE A/PRIME COMMERCIAL SPACES
Dubai is seeing a surge in fresh “plug-and-play” office space. This allows faster transitions for a business entering the region. Between 2017-2020, Prime or Grade A office space accounted for 71% of new office stock. The co-working space trend has taken the business world by storm, and Dubai is no exception. There are many innovative, flexible, and affordable co-working spaces available. Moreover, most come with cutting-edge facilities and amenities. Hence, these options are very attractive to companies moving their businesses to Dubai.
Considered to be one of the important factors in attracting businesses to the region. Dubai’s business-friendly policies and regulations aim to make doing business in Dubai easy and profitable. The government plays a critical role in any business regardless of where it is. In Dubai, the government has established a climate of support to empower businesses. This helps them succeed and achieve long-term sustainability.
With the help of PRO services, foreign businesses can often incorporate and open their business in Dubai within a month.
This makes, working with a qualified PRO service provider, who is familiar with Dubai’s rules and regulations very important. As this makes sure the company set-up is done properly and efficiently.
Dubai has an ever-growing number of Free zones (economic trade zones). These zones are very attractive for many types of businesses. Unlike a company set-up on the mainland which requires an Emirati national as a local partner or service agent. All free zones allow expatriates to hold 100% ownership of their business. This comes with the ability to repatriate capital and profits. A free-zone setup also offers business owners exemption from paying corporate taxes for 15 years or more. Also, there are no import/export withholding or personal income taxes.
Operating a business in a free zone is not ideal for everyone. However, it is an excellent choice for many businesses. Hence, a professional PRO can provide invaluable insight to help investors make an informed decision about doing business in UAE.
THE TALENT ADVANTAGE
Creating the perfect team can prove challenging for any business. But in Dubai, businesses have their pick of some of the finest candidates from a large talent pool. This includes highly educated, highly skilled and experienced unskilled workers.
Dubai attracts the best employees in the Middle East. This is partly because of its elevated quality of life. Also, its forward-thinking growth.
Workers of all types flock to the UAE to take advantage of its never-ending opportunities. It also has a very diverse population which is mostly comprise of expatriates from 195 countries.