Dubai is one of the United Arab Emirates’ 7 most prolific cities and also one of the most important and influential of them, alongside Abu Dhabi. Dubai is the commercial hub of the Emirates and it has become a synonym of luxury and sophistication. Foreign investors are attracted to Dubai and choose to invest there because of its enormous potential and promising future.
Below, we invite to read about the most important reasons why you should invest in Dubai. With the help of our company formation specialists in Dubai, you can set up a business here in the shortest time possible.
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Why invest in Dubai
Dubai attracts people from all over the world. Foreign investors benefit from very attractive tax incentives. Dubai has an important number of free trade zones that offer many financial incentives, including:
- exemption from corporate taxes for a certain amount of time,
- no personal income taxes,
- the complete repatriation of profits and capital,
- no minimum capital for investments,
- no need for a local business partner when opening a company.
Dubai is an important import and export center and a hub for the trade of commodities such as gold, precious metals, diamonds, pearls and other luxury jewelry and, of course, important energy resources, such as natural gas and oil.
Dubai has a fast-growing economy and its real estate market is one of the fastest-growing in the world. Depending on the amount they are willing to invest in real estate, entrepreneurs in Dubai may find that their options are overwhelming. Our company formation agents in Dubai can help you with detailed information about the legislation related to foreign investments.
The main reasons why foreign investors choose Dubai
Dubai is one of the most appealing destinations in the Middle East, the city alone representing one of the largest trading hubs in the region. However, there are many other reasons why foreign investors choose to invest in Dubai, among which we mention the following:
- Dubai is located at the crossroads of the east and the west connecting the Middle East with Asia and Europe;
- Dubai has one of the most developed infrastructures in the world with 7-lane highways;
- from a business point of view, Dubai allows investors to set up companies in mainland and free zones in the city;
- Dubai is one of the friendliest cities in the region when it comes to foreign direct investments;
- taxation or better said the lack of taxation is one of the main reasons foreign investors choose Dubai to start a business.
If you want to open a company in Dubai and need assistance, our local consultants can help you.
You can also watch the video below on the main reasons to invest in Dubai:
The most attractive industries to invest in Dubai
Among the most attractive industries in Dubai at the moment are:
- real estate,
- financial services,
- research and development,
The above industries are currently among the most sought because they offer huge untapped potential to international players and many of them also benefit from various incentives granted by the Government. The Dubai Government is seeking to expand its economy outside the oil and gas zone which is why foreign investors deciding for new business opportunities could find them in the UAE.
Whether setting up a company in Dubai or in one of its free zones, foreign enterprisers can take advantage of numerous benefits.
One of the best free zones is considered the Dubai International Financial Centre which has been recently commended for the excellent services and infrastructure it provides for the international business community.
A hub for international businesses
Depending on how long you are willing to live and work in Dubai, you will need to obtain a special permit for living and working there.
Dubai is becoming an important location for foreign investors and has seen one of the swiftest developments. The high quality of life attracts many young entrepreneurs and many multinational companies have established branch offices or subsidiaries in Dubai. The workforce in the emirate is talented.
Trading is one of the most important industries in Dubai
One of the most important activities completed by companies in Dubai is related to trading. From retail, commodities and industrial products, Dubai is one of the largest trading centers in the Middle East. In order to start a company in the trading sector, a foreign investor has several options in terms of types of structures and licenses. Dubai’s free zones are by far one of the best options for foreign investors interested in starting a business in the trading sector.
Those who want to set up companies in Dubai can also decide for startups which have become quite popular in the last few years. Among these, fintech startups are the most sought businesses by young entrepreneurs from all over the world.
Our company registration consultants in Dubai can help you open a startup.
Dubai is very friendly with foreign entrepreneurs
One of the most recent changes in the legislation of the UAE which includes Dubai implies letting foreign entrepreneurs open to fully own companies registered in mainland Dubai but in other Emirates too. Even if some industries are still restricted, the UAE government has opened the borders to investors interested in setting up companies in which they have full ownership, thus making the country one of the friendliest in terms of foreign investments.
Those who decide to open companies in Dubai can obtain detailed information on the new legislation related to foreign investments from our local representatives.
Development and innovation are at home in Dubai
Those who want to know why they should invest in Dubai will be happy to find out that the local government has spent a lot of money on the development of the city. In terms of innovation, most of the public services put at the disposal of local and foreign citizens living in Dubai come on electronic platforms which eases and reduces the time spent on completing various formalities. This also includes the Dubai company formation procedure which has been simplified a lot.
It is important to note, though, that a local agent must still be appointed by foreign investors when registering a company in Dubai. Our local consultants can assist in this sense.
Dubai has a large number of free zones
Dubai’s free zones are for many businesspeople the most important reason they choose to invest here. With more than 30 free zones, Dubai has one of the largest numbers of such economic zones in the world. Another advantage of these free zones is that they are dedicated to some of the most prolific industries in the world, among which the financial, information technology, healthcare and educational ones.
If you decide to set up a free zone company in Dubai, our agents can help you register it. We can also explain all the tax benefits which come with the incorporation of a free zone company in Dubai.
Dubai in numbers
In order to understand what makes Dubai so appealing for foreign investors, here are some numbers on its economy and performance:
- Dubai is the no.1 re-exporting center in the Middle East;
- Dubai’s international trade increased by an average 11% per year starting with 1988 and up to the present;
- in terms of transportation, Dubai offers access to 120 shipping lines and 85 airlines;
- Dubai’s foreign trade network extends in 179 countries.
Dubai’s economy was built on its resources of oil, but the emirate is now renowned for its strong influence in trade and finance activities, tourism, shopping and entertainment. If you want to invest in luxurious Dubai, please contact our company formation agents. You can rely on our company formation agents in Dubai for complete business incorporation services in mainland Dubai and in its free zones.