- July 11, 2016
- Posted by: aon
- Category: Blog
Why is Dubai Termed as a Good Place to do Business ?
Over the past few decades, Dubai has established itself as one of the major business destinations in the world. Due to its strategic location and world-class infrastructure, Dubai has become a major commercial hub. Today, Dubai is home to some of the world’s leading companies. As the economy of Dubai continues to grow, many opportunities exist for businesses.
Dubai is a great place to do business. Here are some of the key factors that make Dubai an attractive entrepreneurial destination:
The economy of Dubai has achieved strong growth. In the recent years, the economy has diversified and has become less oil-reliant. The sectors like tourism, logistics and transportation have grown significantly. This has given rise to several opportunities for doing businesses in Dubai.
Known for its state-of-the-art infrastructure, Dubai is counted among the most developed places in the world. Port Rashid and Jebel Ali Port are two of the biggest ports in Dubai. These ports connect Dubai to the countries of the east and the west.
The promotion and support provided by the government are among the key factors that have transformed Dubai into a major business destination. The government has introduced business-friendly economic plans and policies which have made it easier for the companies to establish and expand their businesses in Dubai.
There are more than 20 free zones in Dubai. The foreign investors can enjoy several benefits in these free zones. These include the absence of income tax and 100% ownership of the companies.
Over the years, many changes have been made to investment laws and regulations to attract more foreign investment in Dubai. With some of the most luxurious hotels and restaurants in the world, the city promises to provide a quality lifestyle to its residents. All these factors have played an important role in making Dubai an attractive business destination.
Establishing a Company in Dubai
Business registration is the first step when it comes to establishing your company in Dubai. Registering a business in a free zone is one of the best ways to start a business in Dubai. The free zones in Dubai have special tax and imports policies that make them highly business-friendly.
Business registration in Dubai is a step-by-step process. Finalizing your company’s name, determining the nature of your business and identifying the stakeholders are some of the major steps you need to take while registering a business. Also, you’ll have to submit many important documents such as bank reference letter, share certificates, memorandum of association, notarized copy of the passports of stakeholders, etc.
The Role of Company Registration Consultants in Dubai
Although, Dubai is a business-friendly place, it is important to avail the services provided by the company registration consultants in Dubai. These consultants are equipped with the required knowledge and understanding that can make things easier for a business. Right from making strategic recommendations to providing legal assistance, these consultants can help businesses in many ways. Company registration consultants service in Dubai also identify and negotiate with local stakeholders on behalf of the business.
Many foreign businesses are not familiar with the local laws in Dubai. This may prove to be a major obstacle when it comes to establishing the business in the city. However, this challenge can be easily overcome by availing the services provided by reliable company registration consultants.
Dubai is one of the most business-friendly destinations in the world. Regardless of the nature of your business, you can easily establish and expand your business in Dubai. Availing the services of company registration consultants will make it easier for you to set up your business in Dubai with little trouble.