The United Arab Emirates (UAE) is home to some of the most prominent companies and corporations in the world.
It is also where entrepreneurship dreams come true, as many companies that started small, like My Business Consulting DMCC, are now spearheading their respective industry thanks to the nurturing business sector of the country.
Company formation in Dubai is easily one of the most popular decisions entrepreneurs and investors make.
Behind this sustainable business and economic revolution in the country is Dubai, the financial capital of the country and by many accounts the Middle East. The visionary government of the Emirate encourages foreign investment with its pro-business regulations.
In fact, company setup in Dubai is praised for being straightforward and hassle free.
Here are 5 great perks that will make you want to choose Dubai as your next business destination.
Regulations Are Designed for Empowering Business
For any business to succeed and achieve sustainability, government plays a major role. In the case of UAE, the local governments have implemented business friendly policies and regulations. For instance, expats looking to incorporate in Dubai can start a business in less than a month, in some cases only two weeks.
Company setup in Dubai can still be time consuming, especially if you’re not familiar with the type of ownership structures and regulations for incorporation. Hence, it’s always a good idea to get a representative for quick company formation and relaxed immigration.
Access to Large Talent Pool
It’s no surprise that the UAE has one of the largest talent pools in the world, which makes company formation in Dubai a wise decision, especially if you want to start local operations. Skilled and unskilled professionals from all parts of the world flock to Dubai for employment opportunities.
It’s safe to say that you are bound to find quality labor and employees who are not just educated and experienced, but are looking forward to learn more to grow and improve at their jobs. In addition to that, there is a growing segment of highly qualified professionals who graduate from UAE-based universities.
Stable Economy & Visionary Government
The economy of UAE is diverse as well as self-sufficient; almost all major globalized industries are found here booming, and there is no reason why you should miss out on the opportunity to become a part. Much of this is down to the promises delivered by the government of UAE – and Dubai in particular – of economic prosperity and livelihood.
With growing population and local demand, many business models are flourishing in the region. Specialized zones and industrial areas are rigorously regulated to ensure industry best standards are met. This is a reason why the UAE is recognized for benchmarking standards of quality in several industries from banking and FMCG to retail.
Lucrative Investment Opportunities
And we’re not even to the best part. The Government of Dubai, and UAE for that matter,offers several support services and access to investment opportunities to foreign investors. Yes, the government has launched schemes that assist foreign investors in finding investments in several industries including real estate, trade, commodities, banking, and so on.
The Expo 2020 Dubai, for instance, is one of the up and coming opportunities for businesses and investors to participate in. The first of its kind in the Middle East, it is estimated to attract more than 20 million people, giving you the perfect opportunity and time span to incorporate in Dubai.
Free Zone Benefits
When you start a business in one of the 38 free zones in UAE, you get to benefit from complete tax exemptions on withholding, export, corporate and personal income. In addition to that, you get corporate tax exemption for 50 years from the date your company is formed.
Perhaps one of the biggest incentives of moving to a free zone is that you can maintain complete foreign ownership, even without being in the country. Company setup in Dubai is a decision that you should make with the right consultation, especially when incorporating in Free Zone. The right company structure, strategic business consultancy, and support from registration to starting operations can help you create a name in the industry.
With My Business Consulting DMCC as the Leading Corporate Service Provider, you get end to end support from company registration to tax residency in Dubai. We are one of the most trusted business consultants in the UAE that can help you move your business to Dubai in a relaxed and stress free way.
Having the right consultants by your side in such important decisions that can change your life can be crucial. Call My Business Consulting DMCC today and find out why we are the support you need to turn your business idea into a reality!