The United Arab Emirates has transformed into the ultimate investment and global trading destination for many sectors of the economy. Whether you specialise in hospitality, tourism, logistics, or financial services, there are all sorts of reasons why budding entrepreneurs and companies should conduct business in the UAE.
While many business owners stick to what they know and primarily focus on the UK, more and more entrepreneurs are seeing the benefits of doing business in Dubai and beyond. To help make your mind up, here are the top six reasons why you should pick Dubai for doing business.
Dubai is strategically located between Europe, Africa, and Asia, making it an ideal location for those who want to expand their business. Whether your business activities include tourism, event management, or logistics, housing your operation in Dubai will mean you’re within close proximity to other continents of the world. Dubai is home to the one of the biggest airports on the planet, which is used for transportation of goods between all four corners of the world. This means that Dubai has access to 2.5 billion consumer markets situated in Africa, Asia, Europe and beyond.
Safe Place to Live
When it comes to finding a place to launch a business, it’s important that you feel safe and secure in your surroundings. You will be happy to know that Dubai is regarded as one of the safest locations to live in the world. With its crime index being one of the lowest on the planet, serious crimes like kidnap, murder, and physical assault account for 0.5 to 1 for each 100,000 population. When you compare this to the world’s average of 6 to 8 for each 100,000, Dubai truly is one of the safest locations to conduct business.
Dubai is a tax-free business environment. Whether it’s mainland or free zone, the country has zero income and corporate tax on businesses. This means that foreign entrepreneurs can set up and conduct business in the country with full ownership and without needing to partner up with a local Emirati agent or partner. Dubai has tons of options for leisure, giving you the perfect amenities to enjoy and invest your money. The city has become increasingly popular over the years for wealthy business owners as Dubai provides them with the freedom and flexibility they need to enjoy and invest their cash.
If you are thinking about expanding your business and launching overseas, you will have no problem finding space in Dubai. The city is home to thousands of offices, retail shops, warehouses and manufacturing units that are all ready to move into. Over the last few decades, there has been a rapid increase of new and high standard industrial, residential, and commercial facilities. What’s more, there is a new airport being developed and a more convenient public transport system. The UAE’s infrastructure is regarded as one of the best in the world. So, if you’re ready to start your overseas business, make sure that you have a budget in place to fund your premises.
Long Term Visas
With new long-term visa laws being granted to the foreign population, this means that you can operate and live in Dubai for many years to come. It will be relatively straightforward and easy for foreign business owners to secure long term visas. If you plan to live in Dubai, this visa arrangement makes Dubai one of the easiest commercial hubs on the planet for foreign nationals to start their own enterprise and settle in a thriving city.
Now that you have a better idea of the benefits you can gain from doing business in Dubai, the next step is to get everything organised for the big move. Whether you’re expanding your company, or launching a start-up overseas, you might want to follow in the footsteps of many entrepreneurs who are embarking on an online MBA Dubai as this can teach you the ins and outs of the business world and set you up for success. When doing business in the city, you need to gain the trust of fellow business owners, suppliers, and stakeholders. Completing an MBA can boost your career and help you be taken more seriously in the Middle Eastern job market.
Dubai is a thriving global city thanks to its tax-free business environment and cosmopolitan culture. If you’re looking to expand your business overseas, joining the thousands of other UK business owners and setting up shop in UAE can provide tons of benefits that can boost revenue and propel your business forward.