- December 6, 2016
- Posted by: aon
- Category: Blog
The Emergence of Dubai as Every Entrepreneur’s Haven
Dubai has emerged to be one of the most popular cities in the world. This popularity is not only in terms of a vacation spot but also in terms of a profitable business market. Here are three main reasons because of which Dubai has emerged as every entrepreneur’s haven:
It Offers different types of business formations
An entrepreneur is free to form his company in any of the following forms like Offshore Company, Free Zone Company and Limited Liability Company etc. One can conduct their business in any of these forms to enjoy the benefits, which are discussed further.
- Company incorporation in Dubai is profitable as it does not exercise foreign exchange controls
- It has highly competitive import duties
- There are no trade barriers or quotas
- It offers world class infrastructure for setting up business offices
- It has high levels of liquidity and competitive financing costs.
- Several business formations can enjoy 100% freedom from paying taxes.
- Huge number of sectors
One can invest in any of the sectors in Dubai. Real estate is one of the booming sectors in Dubai. Constructions, be it commercial, official or recreational, is in heavy demand. Similarly, Dubai is a favorite international vacation destination and thereby, has a prosperous travel and tourism sector. Setting up your business in this sector can fetch good financial benefits. Health care, transportation and financial services can be other businesses of interest.
The Role of Company Incorporation Services
Since, there are different types of business formations, the set of rules and regulations governing the formation of each of these vary. So, in order to ensure that you are following the correct set of instructions, seek the company incorporation services.
A company incorporation service provider takes care of the business formation process concerning every type of business. They can also act as your local agent to handle the processes.