Why Start a Business in Dubai
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Transcript of Why Start a Business in Dubai
Why Start a Business in Dubai
A presentation brought to you by our law firm in Dubai
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An Attractive Business Destination
Dubai is the business heart of the Middle East and one of the cities that has the fastest development in the world.
Starting as a hub for oil investments, Dubai transformed into a city that now has numerous opportunities for doing business.
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A Diverse Economy
Today, Dubai has one of the most developed and diverse economies in the Gulf Cooperation Council. It does not rely solely on oil, but also on tourism and trade as well as real estate.
Investors from around the world choose to set up their businesses in Dubai.
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A Fast Growing Economy
Dubai not only has a diverse economy, but also one that is growing fast. Corporate earnings and GDP growth continue to record positive values.
Tourism is one of the fastest growing business sectors in Dubai.
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Good Real Estate Investments
Another business sector that has promising opportunities for foreign investors is real estate.
Opportunities abound in real estate, either from short-term apartment leases, commercial spaces leases or office space.
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A Tax Free Regime
Dubai encourages investors through a tax-free regime that is applicable both to local and foreign investors.
The corporate income tax only applies to companies in the oil and gas production sector and bank branches. There is no VAT and no withholding taxes.
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A Trading Centre
Dubai’s geographical position makes it a good place to base a trading business in the Middle East.
The import/export market is well-developed and exports from Dubai have increased in recent years. A number of double tax treaties also encourage businesses in Dubai.
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Free Zones
Dubai has a large number of free zones, each dedicated to a specific business profile.
Foreign investors who open a company in a Dubai free zone enjoy 100% foreign ownership, tax exemptions, no investment restrictions.
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High Living Standard
Apart from the advantages offered to foreign investors who bring their business to the Emirates, Dubai also has a high living standard.
Expats, foreign investors who want to spend time in Dubai as well as foreign employees in Dubai will enjoy living in a city that ranks as first in the Middle East in terms of the quality of life.
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Assistance for Business Formation in Dubai
If you want to explore the investment opportunities offered by the diverse economy in the UAE, our experts can help you with adequate business advice.
You can rely on our law firm in Dubai for complete, professional business formation services.
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For more information please contact us at:
Thank you for your attention!
+971 44457900 [email protected] http://www.dubai-lawyers.net/