Dubai has come a long way to become today’s flourishing, attractive, and dynamic economy. So, if you want to expand your business or perhaps consider starting the best business in Dubai, you have landed on the right page!
There are a plethora of reasons that make Dubai the best place to do business. Top-notch technology infrastructure, a supportive government, and visionary leadership are just a few of the factors that have been thoughtfully positioned in this region to promote business success.
If you’re still not convinced, here are nine more reasons why one should choose the best business in Dubai.
What Are the Top 9 Reasons To Start a Business in Dubai?
Identified as a strong commercial capital in the Middle East, Dubai offers a plethora of opportunities for local as well as international investors. Here are some compelling reasons for you to start your own business in Dubai.
Strategic Location
Dubai is the perfect location to choose the best business in Dubai, including international trading, import and export, logistics, tourism, hospitality, event management, and more. Located at the crossroads, it lies between Europe, Asia, and Africa.
Dubai is located in the centre of the 400-mile-long United Arab Emirates coast. It can facilitate the smooth movement of cargo from the East to the West. Additionally, Dubai has experienced tremendous commercial growth and hosts over 100 international trade events yearly. These fairs enable Dubai-based businesses to network with multinational corporations and explore options without compromising daily operations.
Safety and Security
Dubai is well-known as one of the safest cities in the world. It has strict guidelines that everyone must abide by. The city also has one of the lowest crime rates in the entire globe.
Additionally, Dubai is one of the Middle East’s most politically stable nations. Some of the most important aspects that have attracted many foreign investments and enterprises to the UAE are security and political stability.
Excellent Transport and Logistics
Dubai is a significant global hub for shipping and transportation. Due to its top-notch infrastructure, the city consistently offers all forms of transportation to its citizens. Regarding transport, Dubai is considered the top destination, offering comfort, affordability, and convenience for citizens and ex-pats alike.
Below are the transportation modes that enable import-export, re-export, and tourism businesses to flourish.
- Air: Dubai is home to the largest airport—Dubai International Airport. The city also offers many other facilities for air transportation and air cargo.
- Sea: Jebel Ali Port, one of the world’s largest seaports—is located in Dubai. It is also one of the biggest container ship ports in the world.
- Land: Dubai has one of the best roads compared to other places worldwide. The wide roads, disciplined traffic, cutting-edge monitoring systems, and an automated train system make land transport ideal.
Easy Business Establishment
Every entrepreneur wishes to launch their business without any hassles. Dubai enables you to start up your business quickly. The city’s administration’s liberal policies appeal to entrepreneurs, and company formation in Dubai requires minimal paperwork.
You can always get in touch with a knowledgeable and professional business setup consultant in Dubai that can help and direct you through the entire procedure. Or you can also contact the Shuraa Business Setup UK division if you reside in the UK to obtain the required assistance.
Infrastructure
You don’t need to worry about finding an office, a retail store, a manufacturing facility, or a warehouse if you are opening a business in Dubai because everything is ready for you to move in. Dubai is one of the Emirates with the most cutting-edge amenities.
Furthermore, it is progressing toward a technologically advanced future and becoming the global digital hub. The city has undertaken numerous tech initiatives to lower traffic, offer top-notch internet services, revolutionise healthcare services, eCommerce, etc. This encourages and expands the country’s options for doing business online.
High Quality of Life
The emirate’s high standard of living and excellent living conditions are reasons to choose Dubai for business. The UAE ranks as the fourth best place in the world for expats to live and work. It also ranks at the top for its response to COVID-19. Besides, Dubai ranks highest among Arab countries in the World Happiness Report 2021. You may increase your productivity and inspiration while enjoying excellent living standards and high quality of life.
Negligible Taxes
Dubai’s economy is considered the most liberal and diversified in the surrounding region. Given Dubai’s business-friendly tax rules, it should be no surprise that this is why so many expats choose to open businesses there.
Recruit Expatriate Employees
Dubai is famous for being one of the most popular business hubs in the world. The desire to conduct business in Dubai and make significant profits attracts investors worldwide. Additionally, it has effectively moved outside the oil industry to other sectors, including tourism, hospitality, logistics, etc. These industries provide many employment prospects, enabling private businesses to hire foreign workers.
Residency Visa
You can apply for a UAE Residency Visa for yourself, your family, and your foreign employees if you set up your own company in Dubai or another UAE emirate. As a resident of the UAE, you can open a current account with a UAE bank, lease an apartment for an extended period, enter and exit the country several times, and obtain visas for other nations more quickly.
What Is the Process of Setting Up a Business in Dubai?
The process of starting a business in Dubai is pretty simple. However, there are few things to watch out for. If you’re keen on starting a business in Dubai, here are some key steps to follow.
- Select the type of business activity.
- Determine the type of legal entity.
- Choose your company name.
- Complete the appropriate paperwork.
- Apply for your business license.
- Choose an office space.
- Open your corporate bank account.
- Get pre-approvals, register your business and obtain your license.
- Apply your visa.
Once you’ve completed these steps, you’re ready to do business in Dubai.
Start Your Business in Dubai With Shuraa
These are just some of the top factors that have helped Dubai become one of the most sought-after locations for conducting business. If you are considering starting the best business in Dubai, consider the assistance of Shuraa UK Branch specialists.
Our skilled consultants will streamline your complete company formation process. We’ll ensure you have all the appropriate licenses and meet all the guidelines. Furthermore, we can provide tailored company formation packages if your business has specific requirements. All you have to do is get in touch!
