Why is Dubai the best city for business start ups?
Starting a business in Dubai can surely be an exciting endeavor, that makes Dubai the best city for business startups in the world. Dubai is distinguished as a commercially affluent destination offering direct foreign investment, innovative expansions, financial upliftment and technologically advanced measures. These attributes have promoted growth and inclined people from around the globe to own a company or start a business in Dubai.
But, why is Dubai considered to be among the top countries to do business? And why do business start-ups prefer Dubai?
HERE ARE SOME OF THE MAJOR REASONS DUE TO WHICH INVESTORS CONSIDER BUSINESS SETUP IN DUBAI:
DYNAMIC BUSINESS OPPORTUNITIES –
Dubai’s focus on generating non-oil revenue; adoption of blockchain technology and the business-friendly environment has created dynamic business opportunities in Dubai. Moreover, empowering the innovation-based sectors and technology industries has further expanded the dimensions of business setup in Dubai, UAE.
LOW COST OF DOING BUSINESS –
As reported recently, the Strategic Affairs Council and Dubai Chamber have considered reducing the cost of doing business in Dubai. The report states that the authorities will study the concerns related to high costs and find apt solutions. With the study, Dubai aims to promote a business environment offers condensed legislative procedures and cost-effective measures.
100% OWNERSHIP TO SME’S –
In a massive-move, Dubai SME is planning to offer 100% ownership to SME companies. A new regulation was announced for ‘Incubators & Business Accelerators’ for innovative business owners. Accordingly, entrepreneurs can apply for an incubator business license and after scrutinizing the feasibility, the requirement of sponsorship will be eliminated.
VAT IN DUBAI –
The taxation system in Dubai may be a new concept, nevertheless, VAT in Dubai is a boon to businesses. Value-Added-Tax may seem like an additional expense, but it is reimbursed in the chain of supply. Moreover, with the implementation of VAT boosts the country’s welfare systems providing more scope to business start-ups in Dubai.
OPEN TRADE SYSTEM –
Another reason that makes investors start a business in Dubai is the Open Trade System. Dubai is a member of the World Trade Organization which provides business start-ups – a security to enter international markets and stable trade relations. Dubai extensively participates with global business leaders such as Europe, the North American regions and a large part of Asia and Africa. Also, Dubai encourages open trade relationships, as it is situated on the cross-border of the European continents and the Asian & African regions.
So, if you intend to start a business in Dubai or anywhere across the UAE contact Shuraa Business Setup.
Shuraa Business Setup is a leading business setup service provider in Dubai, UAE. Our expert business advisors support you with the complete process of company formation, business registration & licensing, finding an office space, PRO services and so much more.