WHY DUBAI is BUSINESS HUB?
Dubai: The Business Hub of the globe Dubai has transformed itself into one of the most inspirational, exciting and successful cities in
the world. Today it is an immensely attractive destination for tourists and businesses alike. When we work on ground we understand each and every thing about the market. When I came Dubai I learned different aspect about the business. So I am glad to share with you some
opportunities for doing business in Dubai.
Here are some reasons to start business in Dubai:
Free Zones:
Free-trade zone in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are more than 30 Free Zones operating in Dubai. A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to investors looking to set up their businesses.
Governmental Support:
Dubai’s Department of Economic Development (DED), the DED and its four agencies develop economic plans and policies, identify and support strategic sectors, and provide essential administration services to domestic and international investors and businesses.
Tax benefit: Currently Dubai has owned the VAT system. This is the only tax which is imposed on business and it is only 5%. Even, the government is allow businesses to reclaim the VAT. That makes the Dubai tax free country and that’s why 70% fortune 500 companies have regional headquarters in Dubai.
Banking systems : The banks are very comfortable to transfer the money worldwide. That helps for easy flow of money.
Infrastructure: Dubai always given priority for infrastructure and facilities which is need of business. Dubai is having the cluster facility as per the structure where you can localize the sector in single address. Also, the road facility can’t be underrated. The fuel cost is lower that
makes the transport cost ultimately cheaper.
Location benefits of Dubai:
Dubai’s strategic location gives easy access to different consumers, from a unique centralized time zone that combines East and West business hours. Dubai is strategically located between Asia, Europe and Africa and its proximity to the Asian giants, China and India makes its location advantageous. Dubai is the perfect gateway between East and West and the preferred hub for the region’s imports and exports market.
Local Culture:
Although Arabic is official language; English is the most widely spoken language in business rooms. The company is hospitable and is ranked safe place to work.
Growing Economy:
When we compare other Emirates, Dubai is the most successful in terms of business and economic growth.
Sectors such as trade, logistics, transportation and tourism account for almost 60 percent of Dubai’s GDP.
Investment Atmosphere:
Dubai’s Department of Economic Development (DED) is responsible for transforming Dubai’s economic agenda. It works in improving the economy and provides all support needed in creating a favorable investment atmosphere to both local and international investors.
First Class Infrastructure:
Dubai has the one of the best infrastructural facilities in the world, be it the road networks, telecommunications, ports and airports.
Availability of Human Resources:
Thousands of professionals from across the globe immigrate to Dubai thanks to the liberal labor laws of the land. The UAE government is now increasingly training the local Emirati population to be employed in the burgeoning establishments.
Secure and Stable Political & Social Climate:
The UAE has had a politically stable atmosphere ever since it was established in 1971, which in turn has led to a viable climate for economic growth. Dubai is known as one of the most tolerant,
prosperous, secure and safe societies in the world and is ranked as the top Middle Eastern city in Mercer’s Quality of Life Index.
