Dubai is considered to be a global city and is enhancing its reputation as a favourable business hub for many foreign investors from European countries, in particular. It is known to be the most populous and famous city in all of the UAE.

As a foreign investor coming from Europe or America, investing in Dubai can seem to be quite a challenging task. However, you must know for a fact that starting and managing a new business setup in Dubai can be quite rewarding. The rapidly growing economy can prove to open great investment opportunities in Dubai for you.  

So, if you are a foreigner and wish to invest in a new business setup in Dubai, then there are certain benefits that you would be getting. However, before jumping to the benefits associated with it, let’s take a look at some of the reasons to invest in Dubai if you are a foreigner.

Surely, Dubai tends to impose certain restrictions on foreign investors who decide to start a new business in the city. However, it offers far greater reasons for making it a good option to setup a business.

• Companies set up in Dubai don’t need to pay corporate tax, VAT, capital gains tax, withholding tax, and import/export tax.
• The UAE has signed around 66 international double tax avoidance treaties with countries such as China, the USA, and many among the EU.
• Foreigners have it easy when it comes to accessing local currency, as there are hardly any exchange controls in place in the city of Dubai.

Now that you are aware of why foreigners are attracted to the idea of investing in Dubai, let’s learn about the benefits of it.

Besides the reasons mentioned above, there is much more to the business culture of Dubai. The strategic location of Dubai is only one of the many significant things that prove to be advantageous for foreign investors. It offers a gateway towards Eastern businesses and is considered to be a beneficial hub for imports as well as exports. Apart from this, its rapidly growing and diverse economy makes it favourable for foreign investors to focus their attention on different areas. Furthermore, Dubai is considered to be one of the safest cities around the globe and with a high quality of life as well. Let’s take a look at some of the benefits of new business setup in Dubai.

• You would have the flexibility to rent office anywhere you wish to.
• There is no limitation on visas
• Gives you a great opportunity to expand your business by forming more branches
• No requirement of minimum capital investment
• There are no restrictions when it comes to office space requirement
• Office space is easily accessible to foreign investors

These were some of the benefits associated with investing in Dubai. So, if you are looking to set up a business and are having doubts about which place to invest in, then Dubai might just be the most favourable option.

Moreover, there are many companies such as Socialite that makes your dream of setting up your business in Dubai come true. The experts working in Socialite would help you invest efficiently in Dubai and advise you the various strategies to grow your business and be successful.