Dubai City is well-known around the world for interesting tourist attractions such as the Burj Khalifa, the world’s tallest building, and abundance of incredible shopping malls that came complete with mammoth aquariums and indoor ski slopes, but what truly makes it a standout city are a large number of business start-ups that bring its innovative and entrepreneurial spirit to life.
There are many reasons why many entrepreneurs chose Dubai to set up their business. Business Link UAE presents to you five top reasons supporting the choice of Dubai City for business;
1. Strategic Location
Dubai is the perfect hub for the region’s imports and exports market due to its perfect location in the middle of the UAE coast between the East and the west. It gives easy access to around 2.5 billion consumer market from all over the world.
2. Free Zones
There are more than 20 Free Zones operating in Dubai where foreign investors can form and do business with full ownership and without partnering with a local Emirati partner or agent. Among them, the major free trade zones are Jebel Ali Free Zone (JAFZA), Dubai Airport free zones (DAFZA), DMCC, DCCA, and many more free zones.
Moreover, those foreign investors are exempted from corporate and personal taxes for a specified number of the year which is considered one of the biggest incentives for foreign companies establishing in Dubai.
3. Political and Economic Stability
The UAE, in general, is considered to be one of the politically stable countries in the Middle East. Due to its political stability, Dubai enjoys low crime rates and social hegemony. That is why it is described as a “safe haven”, especially for foreign investors. Surely, the business can grow only in a safe and stable environment.
4. Physical Infrastructure
To find a business in Dubai, you don’t have to worry about finding an office, a retail shop, or a manufacturing unit. UAE’s infrastructure has been listed and ranked among the best in the world. The UAE ranked second globally in roads quality, third in quality of air transport infrastructure, fifth in port infrastructure and eight in a ground transport network.
5. Government Support & Business Incubators
The Dubai Department of Economic Development (DED), the body responsible for setting the regulations of economic activity, works hard to improve the business environment and increase productivity. One of its main tasks is to provide essential administrative services to domestic and international investors and businesses.
The Director General of (DED), Sami Al Qamzi told the publication in April that the emirate’s ruler Sheikh Mohammed bin Rashid Al Maktoum had launched an initiative to reduce the cost of establishing a business in Dubai and facilitate inward investment.
Incubators also are found in Dubai to foster a strong spirit of entrepreneurship and provide opportunities for startups to accelerate their growth. Many incubators are present in Dubai mainly to facilitate starting a business and help investors to survive and grow in the market.
Starting a business in Dubai one of the biggest decisions you’ll ever make. It requires dedication, focus, and great effort. It’s better to team up with a business consultancy firm like Business Link UAE than carrying out all of the tasks alone as when there’s someone to guide you and help you tick-off things from your checklist, you are able to do what you do best i.e. generating new business and providing value to clients.