New company formation in Dubai comes with a lot of opportunities and benefits that attract investors from all over the world to make the most out of it. As a leading global business hub in the United Arab Emirates (UAE), Dubai offers multiple options to set up a new business across different industries such as real estate, finance, consulting, e-commerce, logistics, education, retail, IT, tourism, healthcare, and many more. Investors can take the advantage of broad population diversity, relaxed business & taxation rules, modern infrastructure facilities, flexible business setup policies, relaxed taxation rules, and better connectivity from all parts of the world to maximize their returns.
According to the World Bank’s Ease of Doing Business ranking, UAE ranks at 16th position among 190 countries in 2020 that encourages investors to start a company in Dubai. It tells the story of how easy and convenient for investors to set up grow a new business in the country. Here’re the top 5 perks that make Dubai a global business hub:
Easy company regulations and ownership for foreign investors
Whether you are forming an offshore company or a free zone company in the country, you can keep 100% ownership of the business regardless of your nationality. It attracts foreign investors who want complete control and ownership of their investment. Dubai also allows companies to perform their business transactions in local as well as foreign currencies with no currency restriction policy for foreign investors.
Tax-free business policies
No matter what kind of business entity you are incorporating in the country, Dubai has a very relaxed taxation system for foreign investors. When you incorporate a company in Dubai, you can avail of the tax benefits such as 100% repatriation of capital and profits and 100% tax exemption on personal or corporate income. In addition to this, companies in Dubai are also not subject to import and export duties as per the government’s rule.
World-class infrastructure with relaxed office set up rules
Dubai offers world-class infrastructure and state-of-the-art facilities to run a business. Whether it is office space, financial resources, transportation, manpower, logistics, or any other infrastructure facility, you will get the best of everything. Also, in Dubai, you can choose to have a virtual office with no physical presence in the country to operate our business activities depending on where you have incorporated your company. If you are tight on budget, you can easily get a small office space for rent in Dubai to set up your office address to start your business operation.
Strategic business location
Dubai has a strategic location in the Middle-East region that connects major world markets across different continents for various trade activities. Dubai offers easy and affordable logistics and transportation via sea, road, and air to access the global population in different parts of the world. Investors can easily reach out to the world’s biggest markets to sell their products and services in the most convenient ways.
Safe business environment
UAE is a politically stable country hence offers a stable business environment to run a company. The country is considered one of the safest countries to live and do business with the lowest crime rate across the world. These things make Dubai a safe and secure place to start a company with no fear of loss of your resources or business.
These are the most common reasons to start a company in Dubai. Investors can get the best of every services, resources, infrastructure, and transportation to run a business. In addition to the above perks, the business registration process is also easy and affordable in the UAE as compared to other countries. A professional business consulting company can help you throughout your company incorporation process to get things done easily in quick time as per your requirements and investment plans.