Why Set Up a Company in Dubai?
Unique Time Zone and strong economy
Dubai acts as a gateway between the East and the West. With its central location, its business hours combine business hours in the East and the West, so you are always open for business to the world. Dubai has managed to successfully diversify from an oil and gas-dependent economy to a trade and tourism-backed economy in the past decade. Dubai is ranked among the top tourist destinations in the world and sees high footfall of tourists throughout the year. Dubai also acts as an entry point to setting up business across the Middle East region, with its liberalised norms and cosmopolitan population. These advantages make Dubai a vibrant city that provides the best location to set up businesses.
World-class logistics and infrastructure
Dubai is home to large marine terminal – Jebel Ali Port, the most connected airlines – Emirates and low-cost airline FlyDubai. A combination of these facilities makes Dubai the best destination for distribution and trading. A large number of high-rises offer unlimited office space and the extraordinary round-the-clock communication and internet facilities, those are fully-equipped and furnished.
Ease of doing business
United Arab Emirates tops among Arab countries and the Middle East with regards to the ease in doing business, according to a World Bank 2016 report. It was placed 31st in world rankings for ‘Ease of Doing Business’. Dubai offers investors a chance to set up a business within a week, if all the necessary paperwork is in order. Dubai also offers the maximum number of Free Zones in UAE, which gives an opportunity to do business with 100% ownership. Dubai Freezone also offer special corporate and personal tax concessions for investors. Further, setting up a business in a Free Zones takes less time than setting up a company in mainland Dubai. However, freezone companies cannot trade within UAE and are required to partner with a local distributor for conducting business in Dubai.
No Taxation and liberal policies
Dubai offers the most lucrative ‘no personal or corporate taxation’ opportunity for business investors. With its low import duty, and free trade as well double taxation agreements with most countries, you can be assured that your profits will be entirely yours. And thanks to its liberal labour policies, companies can hire employees from any part of the world. Moreover, the UAE government is also investing heavily into developing the skills of local Emiratis to improve their presence in the workforce. While making it easy for businesses to set up in Dubai, the government has also ensured that there is no fraud business practices and money-laundering activities in the city, raising its status as a clean place to conduct business. Dubai’s laws for Free zone also ensure the privacy of investors and helps them to protect their wealth and family assets.
Quality of Life
Dubai is home to over 200 nationalities, and has a larger expat population. Few can resist the eternal sunshine, facilitated infrastructure and booming economy. Dubai also houses the best educational institutions and is among the safest countries in the world with the least crime rate.