Why is Dubai a Best Business Place?
Famous Place for Business Set up is DUBAI
UAE is one of the most attractive business destinations in the world. Known for its investor-friendly policies and excellent infrastructure, UAE enjoys huge popularity among business owners and investors. Dubai, the second largest Emirate, is also the most populous city in UAE. It is home to numerous small and large businesses. In recent years, it has become one of the most sought-after destinations for businesses all across the world.
Here are some of the factors that make Dubai a major business hub:
- Strategic Location: Dubai’s strategic location between Europe, Asia and Africa makes it an ideal place for transportation of goods to eastern as well as western markets.
- Growing Economy: Dubai’s economy has been growing at a steady pace. In recent years, the government has diversified Dubai’s economy to make it less oil-reliant and more investor-friendly.
- Infrastructure: Dubai is a world-class city with numerous skyscrapers and modern ports. The city’s roads, flyover and highways are simply the best.
- Tax Exemption: Dubai applies no taxation policy to business activities. The government provides several attractive tax incentives to businesses.
All these factors make Dubai one of the best places to do business. For this reason, many international businesses from across the world set up their offices in Dubai and other parts of UAE every year. However, when it comes to setting up a new business in the city, there are several factors that have to be taken into consideration. A reliable business consultancy such as Jumeira Consultants can make the task of business set up in Dubai easier for a company. They can provide you with all the guidance and assistance required for establishing free zone companies and offshore companies in Dubai.
Free Zone Companies:
There are free zones in Dubai where companies are allowed to open their branches. The branch office is considered an extension of the main company. Free zone companies are completely owned by organizations and individuals who set these up. The companies located in free zones don’t have to pay corporate tax and enjoy 100% ownership. Moreover, there are no restrictions on free zone companies when it comes to doing international business.
Offshore companies are allowed to conduct business outside UAE. To set up an offshore company in Dubai, you don’t need to have any minimum capital. Moreover, these companies are allowed to purchase and own property in some designated areas of Dubai.
Both free zone and offshore companies enjoy some distinct advantages. Jumeira Consultants can help all types of companies set up their business in the city. They offer comprehensive services for doing business in the Middle East including all the Free Trade Zones, including offshore company formation.