Dubai has become the busiest global platform and the center of excellence and today it has been recognized as one of the biggest commercial capitals. The business growth and increasing jobs have given rise to the expansion of infrastructure and the positive push towards the growth of Business Setup in Dubai.
Dubai sits at the crossroads of Europe, Asia and Africa, bridging time zones across East and West and providing easy access to many of the world’s fastest growing emerging markets.
Dubai’s vision to invest heavily in its transport, telecommunications, and industrial infrastructure makes it an incredibly attractive destination for international business. More than 400 Fortune 500 Organizations have operation in Dubai
Since the formation of UAE in 1971, Dubai has transformed and diversified its economy from being oil-dependent to focus on the key drivers of international trade, finance, tourism, and logistics. Oil contributes less than 2% to GDP.
Open economic policies and minimal government control and private sector regulation have played an instrumental role in attracting Foreign Direct Investment (FDI). Free Zones also give companies important financial incentives and benefits – 100% foreign ownership; exemption from all import duties; 100% repatriation of capital and profit; and freedom from corporate taxation.
Dubai attracts a highly skilled workforce from around the world. Expatriates comprise over 80% of Dubai’s population, with over 200 nationalities working and living harmoniously in a safe environment.
Dubai is a growing knowledge and innovation hub that includes a significant number of universities and research centres, paving the way for technological and scientific advancements.
Dubai is part of the UAE, a low-crime, and politically stable country, and is rated by Interpol as one of the safest cities in the world.
The UAE is one of the largest importers and exporters in the world. It is also the largest market for both merchandise exports and imports in the Middle East and North Africa regions.
Opening a business, finding premises and hiring staff in Dubai is quick and easy. You can apply for a license on a fast-track basis. World Bank’s Ease of Doing Business report for 2020 ranked the UAE # 17 globally and # 1 within the GCC region.