Why Is Dubai Best For Business?
Over the years, Dubai has transformed itself into one of the world’s biggest economic powerhouses. Some of the reasons why Dubai is ideal for starting a business include;
- The economy is very diverse.
- Extremely advanced infrastructure
- The city has extraordinary transportation links and a large airline network.
- A tax-free system
- Simplicity in starting companies
- Access to a vast pool of talent
- Political stability
Dubai has one of the friendliest business environments, thanks to the government’s numerous efforts. To encourage business growth, the UAE government recently pumped around $70 billion to help small businesses develop.
It is a proven fact that for a business to grow and flourish; there is a need for financial muscle that keeps on arising. Luckily, in Dubai, numerous banks and other financial institutions are ready to extend loans to businesses to help them grow. Today, more and more new businesses are being launched in Dubai.
Dubai is now home to an extraordinary cosmopolitan talent reservoir, thanks to its ever-growing economy. The majority of such talents have been lured from different parts of the globe by dynamic careers, a safe environment for the family, and tax-free salaries.
Therefore, Dubai is full of highly skilled and talented individuals ideal for yielding better business productivity. Most people have little to no issues opening a business in Dubai regarding labor needs because of the enormous pool of highly skilled individuals present in the city.
For foreign businesses seeking to set up branches in Dubai, the Emirates welcomes them all both in the free zones and mainland. Free zones are special areas in Dubai that have special import, custom, and special tax regimes. As an investor, you can either register your business as a Free Zone Establishment (FZE) or just set up a branch or office of the parent company.