Dubai is a great place to do business! If you’re thinking about opening a business in the Middle East, you should definitely consider starting up in Dubai. There are tons of opportunities here, but it’s not the first place everyone thinks about. This guide should help you out.
1. NO INCOME TAX
The city of Dubai is widely recognised as one of the greatest hubs for business in the Middle East. As well as being home to some of the biggest companies in the world, it is also renowned for its tax-free status. Due to an impressive system of taxation laws, it’s possible to avoid paying income tax in Dubai if you’re planning on settling down there for a while.
2. TAX EXEMPTION FOR FOREIGN INVESTORS
When you’re choosing a new place to start doing business, Dubai is one of the most attractive places to consider. It’s a vibrant city with a thriving economy, and there are so many industries you can get involved in — from business and finance to technology and education — the opportunities are endless. The tax exemption for foreign investors is another perk that makes Dubai such a desirable place to live and work.
3. PRACTICAL BUSINESS REGULATIONS
Dubai is a safe and secure place to do business. The city is growing rapidly and offers an exciting range of entrepreneurial opportunities for foreign investors. While the country has a favourable tax climate and promotes free trade, there are still stringent regulations that need to be complied with. If you’re thinking of relocating your business to Dubai, it offers practical business regulations to get you started.
4. 100% FOREIGN OWNERSHIP BUSINESS
It’s only very recently that the UAE has allowed 100% foreign ownership in certain business sectors. This is a massive shift for the region and one that is likely to spur on an upsurge of foreign investment and business interest. This shift in policy has opened doors for ambitious and enterprising individuals and entrepreneurs who see the potential for growth and opportunity.
5. MODERN INFRASTRUCTURE
Dubai has long been known for its opulent shopping malls, towering skyscrapers, and luxurious hotel suites. But while some of its richest residents still live in excess, Dubai has become a world-class location for companies of all sizes to set up shop. The United Arab Emirates’ most populous emirate is also home to a vast network of modern infrastructure that makes it appealing to both local businesses and ex-pats alike.
