Ease of doing business and exceptional infrastructure are two reasons the world’s top entrepreneurs choose to do business in Dubai. The UAE is a highly sought-after destination among investors and executives, creating a business climate like no other in the globe. If you’re considering starting a business in Dubai, you’re in the right place. In this article, we’re going to list the benefits of doing business in the nation and prove just how easy it is to set up your company here.
Advantages of doing business in Dubai
Dubai’s geographical location is one of its most immediate strengths. Situated in the centre of the globe, the destination is within easy reach (a maximum 8-hour flight) of two-thirds of the world’s population, serving as a nexus for the East and the West. It’s also located in the heart of the Africa-Middle East-Asia triangle.
To foster an unbeatable business culture, the UAE government has built world-class infrastructure, namely modern transportation networks, best-in-class ports and airports, and excellent logistics facilities. And to top it all off, the nation offers an appealing selection of corporate structures with the added benefit of a zero-tax legislation.
Here’s a list of some of the most salient advantages of doing business in Dubai:
- A zero-tax regime, meaning no personal or corporate income taxes
- Safe and robust governance
- A world-class financial hub
- An educated supply of human capital with diverse professional experience hailing from all corners of the globe
- No capital repatriation restrictions
- No share capital requirements
- No physical office requirements
- Lower set-up costs compared to other onshore jurisdictions
How to start a business in Dubai
Setting up a business in Dubai may at first glance seem like a daunting process, but with the assistance of Europe Emirates Group, the process will be smooth and stress-free. We will help you decide whether your business is best suited to Free Zones, Mainland or Offshore, in addition to the legal structure, guiding you through every stage of the company formation process.
To give you an overview, Mainland businesses enjoy unrestricted market access, while Free Zones provide incentives like full foreign ownership and tax benefits. Offshore companies, on the other hand, enable foreign entrepreneurs to have 100% ownership of the company, without a physical presence in the UAE.
Opening a business in a Dubai Free Zone
There are over 40 Free Zones available in the UAE, which enable foreign investors to have full ownership of their companies. If you’re looking to open a business in Dubai, Free Zones may be the perfect corporate option for you if you want to only operate within the Free Zone and abroad, rather than on the Mainland. Additional Free Zone benefits include 100% repatriation of capital and profits, 100% exemption from corporate and income taxes, 100% exemption from customs duty, a developed business community, and fast and easy business set-up procedures.
Start doing business in Dubai today
Take advantage of the wealth of corporate benefits available in the UAE with the assistance of Europe Emirates Group. When you open your business in Dubai with us, you will receive unlimited yearly consultations with your dedicated Business Set-Up & Licensing Specialist in addition to fast-track bank applications, the guaranteed lowest cost on the market and end-to-end residency in under 7 working days.
Contact us today for your initial consultation and we’ll get the ball rolling.
