As the leading metropolis of UAE, Dubai has been operating as a global business hub since the 1970s. And, thanks to the recent developments in the business arena, it has become an even more prominent destination for entrepreneurs throughout the world.
But, is it really all?
No, not really. The research and development infrastructure of Dubai is, indeed, eminent for every organization. But, this isn’t the only aspect that the city offers to budding businessmen. Keep reading to find out more about it.
Dubai – Why Is It Ideal For Start-Up Companies?
As said before, as a business hub, Dubai has been quite prominent throughout the world. As per a report, this beautiful city houses more than 1,600 organizations of all sizes, including –
- Fortune 500 organizations,
- Entrepreneurs, and
- Multinational companies.
Here’s why they’ve chosen the city to be their ideal outpost.
Reason – 1: Security
Previously, there was a myth going around the business world that an Islam nation isn’t really safe for business. And, if you belong to a different religion, it’d be a “living hell” for you.
However, that’s not true at all.
Since becoming a business hub, Dubai has been maintaining stringent rules and regulations to prevent everything from falling to chaos.
This, in turn, has mitigated the overall crime rate of the city. Also, the legal and formal cases of the country tend to be pretty safe as well. So, you can build your business pretty easily.
Reason – 2: Infrastructure
The cargo and transportation infrastructure of the city is pretty amazing as well. Hence, you can get or deliver any kind of resource within a day or two. This can help you provide your consumers with whatever they’ve ordered instantly.
Additionally, the shipping infrastructure of the nation is quite amazing as well.
Hence, if you are offering your services to a consumer from another country, opting for Dubai will surely be an ideal option for you.
Reason – 3: Tax-Free Business
Yes, that’s right.
The government of Dubai has implied a “zero-tax” policy on any corporate facility operating in the city. Hence, all you need to do is provide a small amount of money while establishing your business, and that’ll be all for you.
Also, the public amenities of the city are quite unique, and can be used in an organizational circumstance. Just ensure that you’re not taking the advantage wrongly, and you’ll be fine.
Reason – 4: Resources
An economy can only become fruitful when the country has an abundant amount of resources to back it up. And, Dubai is pretty resourceful in that aspect.
For example, the human workforce of the city is pretty high, thanks to its welcoming nature. Furthermore, you’ll also get financial assistance from the government whenever needed.
Finally, the loaning system of the country is quite easy to go through. There’s no need to do too much paperwork or anything as such.
Reason – 5: Trading Opportunities
The core location of Dubai is pretty beneficial for every organization as well.
As a result of being situated in the Middle-East Asia, it can help you get connected with the African and Gulf countries. Also, if you want, you can do business with various neighboring Asia nations, like Qatar, India, or China.
In addition, the UAE has a vast market of almost everything as well. Therefore, whether it’s about creating an international connection or a local one, Dubai would be quite ideal for you.
The How-To – Forming An Organisation In Dubai
Like doing business in the city, the process of company incorporation in Dubai isn’t really a curveball as well. Following the below-mentioned steps will be enough for you in this regard.
- Firstly, you will need to choose your core business activity. It can be anything, from a technological marvel to a clothing shop. You can simply choose a free zone and get started with your organizational activities right away.
- Secondly, you have to decide on your company name. The naming convention of the city is quite strict, though. So, you have to be careful about the same. For instance, it won’t be possible for you to use a God’s identity in your company’s name.
- Thirdly, now, you must complete your corporational paperwork quickly. You have to make sure that you’ve offered each and every information properly. Also, don’t forget to add a translation of the papers you’ve provided, if they’re not written in English.
After that, all you need to do is open a bank account and you’ll be done with the procedure.
The Bottom Line
So, there you go.
These are some of the reasons why most people tend to opt for a city like Dubai when opening an organization. Hopefully, we could offer as much information as possible through this article. However, if we missed out on something, don’t forget to let us know about it in the comment section below. We’ll definitely update our article going forward.