Due to its strategic position, business-friendly government policies, and open economy, a growing number of firms are opting to establish themselves in the Emirate of Dubai in today’s demanding business environment. There are well-known company setup advice organisations in Dubai, who offers precise and thorough assistance with business establishment in Dubai. Therefore, you must read this article to know some interesting facts on setting up a business in Dubai.
Why Dubai Is Considered As The Best Location For Any Business?
Dubai is one of the world’s most important commercial and tourism destinations, located on the eastern coast of the Arabian Peninsula in the Persian Gulf. It is a significant international passenger and freight transit hub that is known as an investor’s paradise all over the world. Despite the covid19 epidemic, Dubai is accelerating infrastructure and urban landscape development in order to transform its business arena into one of the most successful and engaging marketplaces on the planet. The goal of this transition is to ensure that Dubai remains a secure haven for investors and entrepreneurs looking to grow their businesses.
Some Interesting Facts On Setting Up A Business In Dubai
Here are the list of interesting facts for a business setup in Dubai.
- As a result of various infrastructure improvements, tourist attractions, and retail spaces, Dubai’s value has skyrocketed.
- Dubai’s tax-free income has always been a draw for highly trained expats from throughout the world.
- Despite the fact that Dubai’s living costs have increased dramatically over the last decade, COVID-19’s impact, combined with lower oil prices, has resulted in a cost of living reduction in Dubai in 2021.
- According to a research conducted by the Business Registration and Licensing (BRL) sector, Dubai has 17,893 operational businesses. 69 percent of these are commercial, and the rest are tied to the tourism business.
- Dubai’s well-regulated market is overseen by strict legislation, making real estate investment simple.
- Dubai is recognised as one of the happiest and safest cities in the world, with natives accounting for 15% of the population and expats accounting for the remaining 85%.
Therefore, you must get better assistance from the top business services providers. There are various opportunities in Dubai, that can make you a billionaire.
How To Get A 100% Ownership In Dubai?
The UAE Ministry of Economy recently approved full ownership for foreign investors on the mainland, ushering in a new era for the country’s economic sector. The new law removes the need that onshore enterprises run by non-national investors have a significant UAE shareholder, which is projected to have a significant positive impact for the UAE’s investment ecosystem. For some categories of business, it also repeals a requirement that a company’s board of directors have made the majority of UAE citizens and led by an Emirati.
The United Arab Emirates is on a mission to stop the pandemic, protect inhabitants’ livelihoods, and keep businesses running. Dubai’s government had announced a slew of relief packages and incentives aimed at mitigating COVID-19’s effects. Diverse initiatives from various industries were included in the bundle.