Site hosted by Angelfire.com: Build your free website today!

What's so special about Dubai? Assembling a company in Dubai

As one of the world's most prosperous cities, Dubai, United Arab Emirates, has emerged as a prominent worldwide corporate center. For more information visit our website GCCSolutions.com. We are leading corporate services provider in the Middle East.

 

As long as Dubai continues to create headlines throughout the world, it will remain a popular tourist and business destination. Dubai's rich culture and diversified population of over 190 nationalities make it an ideal place for businesses to thrive.. The quality of life and work in Dubai is unmatched anywhere in the Middle East. If you're looking to start a business, Dubai is an excellent place to do so. There are several free zones, cheap import charges, strong infrastructure, and a strategic position in Dubai that make it a perfect place to start a business. Read more: Start Business in Saudi Arabia

What Are the Benefits of Starting a Company in Dubai?

Diverse Economic Base

 

Diversifying from oil has helped Dubai become the most successful economy in the Gulf Cooperation Council (GCC). More than 60% of Dubai's GDP comes from tourism, trade, transportation, and logistics, making it one of the fastest growing economies in the world. In spite of the recession that began in 2009, Dubai's economy was able to remain stable because of a considerable growth in exports, manufacturing, and travel and hospitality services.

Second, the legal system.

For foreign investment to grow, trade and investment laws are continually being updated. In Dubai, the first emirate to allow foreign ownership of real estate, the government has made this a priority. As a result of the new UAE Companies Law, the economy and business climate are expected to develop and be more productive.

Dubai's Free Zones for Business Development

Free Zones in the United Arab Emirates, where foreign ownership is often permitted in its entirety, number more than forty. Free zones in Dubai include the Jebel Ali Free Zone Authority (JAFZA), the Dubai Technology and Media Free Zone (TECOM), the Dubai Airport FZA, and the Dubai International Financial Centre (DIFC). As a result of the absence of personal income tax and capital gains tax in Dubai's free zones, foreign corporations continue to set up shop there.

4) The Government's Assistance

Toward this end, the Dubai Department of Economic Development (DED) promotes the emirate's transformation into an innovative, diversified, knowledge and service-based economy. DED creates economic plans, supports and identifies critical areas, as well as providing essential administrative services to both local and foreign enterprises and investors.

Dubai is a great place to open a business, and here are five reasons why.

Another benefit offered by the UAE for company establishment is Dubai's inclusion among the country's seven emirates, which comprises the United Arab Emirates (UAE). A Low Import Duties; No Taxes; DTA; FTA; World Class Infrastructure; 100% Recapture of Profits; No Foreign Exchange Controls are some of the many advantages of doing business in the United States of America. Follow us on Twitter

RELATED ARTICLES