According to the Global Investment Report issued by the United Nations Conference on Trade and Development (UNCTAD), the UAE is the second greatest recipient of foreign direct investment (FDI) in Western Asia. Foreign investors are mainly drawn by the country’s economic stability, the low energy costs the tax-free environment for companies, the absence of limitations on repatriation of profits and the Government’s openness towards a diversified economy. Among the most developed emirates is Dubai which is the second largest city in the country. The city currently hosts a great number of expatriates living and working or owning companies in Dubai.
Our company formation agents in Dubai can help foreign investors interested in setting up businesses here. We can guide them through the entire company registration procedure, but we can also advise them on the best industry to invest in, in accordance with their experience.
The main reasons investors find Dubai attractive
When it comes to foreign investors choosing Dubai for starting a company in, there are many. The most important ones relate to:
- the political and economic stability offered by the country which has a positive influence in Dubai;
- registering a company in Dubai is very easy and fast which is one of the most important aspects quoted by foreign investors;
- there are plenty of industries in which foreign investors already thrive in and which are used by other overseas entrepreneurs who want to come here;
- Dubai is one of the wealthiest cities in the world and it offers a good quality of life and high living standards;
- Dubai is one of the main trading hubs in the Middle Eastern region and in the Gulf Cooperation Council;
- Dubai has one of the most impressive infrastructures in the world, in terms of road and airways.
There are many reasons for which foreign investors choose Dubai as a city to open companies. Most of them choose Dubai as their city to live in.
Speaking about company incorporation, foreign enterprisers can now benefit from streamlined procedures which can be completed in a matter of days.
If you decide to move and open a company in Dubai, our company registration agents can help you with both matters. Do not hesitate to ask us about our company registration services in Dubai and free zones.
Investment opportunities in Dubai
The most developed industries in Dubai continue to remain the oil and gas and financial sectors. The banking sector has favorable rules for foreign investors setting up companies in Dubai. The real estate market also offers great investment potential to foreign citizens as the Government has created a very flexible regulatory environment for those purchasing properties in Dubai. The other industries offering investment possibilities are the services and agricultural ones which also benefit from special incentive schemes.
Dubai’s free zones are also one of the Emirates strongest attractions for foreign investors as there are no restrictions for opening companies in any of the city’s free zones. Dubai is home to more than 20 free zones at the moment and their number is still increasing.
Recently, the Government has launched the Dubai Smart City Program which offers foreign investors a modern infrastructure for company registration services.
The tourism industry in Dubai
As mentioned above, Dubai offers equal opportunities in terms of industries for those interested in investing here. Tourism, however, has been and will be one of the top industries to operate in Dubai. Hotels, restaurants, travel agencies and many others are the types of companies which can be easily opened in Dubai.
As the number of tourists increases by the year, so will the number of businesses in this sector.
The Dubai government has made it very easy for foreign investors to open companies here, as its main scope is to attract as many overseas entrepreneurs as possible who can contribute to the development of the city.
With many policies directed towards foreign direct investments, Dubai is without a doubt one of the most appealing destinations of the world at the moment.
Our Dubai company formation consultants can offer detailed information on the legislation on foreign investments.
Dubai’s taxation system – a good investment reason
One of Dubai’s strengths compared to other important cities in the world is taxation. Even if the last two years have brought significant changes, such as the introduction of the value added tax and excise tax, there are still plenty of reasons for choosing Dubai for its taxation system. Among these, we enumerate the following:
- Dubai does not impose any taxes on individuals and companies working, respectively operating here;
- the repatriation of profits from Dubai to other countries is most of the time free of any tax;
- the UAE has signed many double tax agreements, Dubai residents and resident companies can take advantage of;
- Dubai has many free zones (one of the largest numbers in the world) which provide for no corporate taxes;
- there are no employment taxes in Dubai, which in other countries are one of the most important tax burdens.
With a vast experience in company registration in Dubai, our local advisors can also explain how to benefit from the tax reductions and exemptions granted by the local government.
Dubai has more than 30 free zones
We mentioned above that Dubai has one of the largest numbers of free zones in the world. Located at the outskirts or even in the heart of the city, free zones are special economic areas which target foreign investors who want to have full ownership over their businesses.
Each free zone is dedicated to specific activities. The Dubai government has even created free zones which provide for innovative and research and development activities such as Dubai Knowledge Village.
The registration of a company in a Dubai free zone has many advantages, among which one of the most appreciated refers to the integrated solutions for business registration and obtaining the necessary visas for business owners and employees. Also, foreign investors will find the necessary infrastructure which includes office space, living premises, and warehouses for their free zone companies.
Our company registration agents in Dubai can help foreign investors who want to set up free zone companies here.
Why invest in Dubai?
Dubai is already known as a regional and global center for business and with the approaching Expo 2020 which will be hosted by the city, many opportunities for private investors are expected to be created. Foreign investors will have access to a wide range of sectors, among which construction, rental, retail, and transport, are expected to be some of the most successful. The logistics and tourism sectors are also expected to expand during the next few years, according to The Report: Dubai 2015 issued by Morgan Stanley Capital International.
You can also watch the video below for more information on why Dubai is one of the most attractive Emirate for foreign investors:
For a complete picture of Dubai’s economy and future investment possibilities, you can contact our agents in Dubai.