Why should you choose Dubai for business?
By Yusuf Razak Dhanani : What was once a backward desert region is today an international and cosmopolitan city, one of diversity and contrasts at Europe, Africa and Asia’s crossroads. It is modern, vibrant, forward looking and is home to excellent business facilities and infrastructure across a spectrum of industries. From towering skyscrapers, bustling souks, malls and business centres, Dubai is the ideal location for setting up a business.
If you want more reasons for this, here they are:
Steadily growing economy: By investing in a piece of foreign real estate, you’re actually investing in that country’s economy. Dubai has seen steady and promising economic growth over the past few years, so setting up your business here is a wise step. Its economy is growing at a steady pace and among all the other Middle Eastern countries that suffered due to the oil crisis recently, Dubai came out triumphant chiefly due to its planned economic growth. Today, it is one of the fastest growing economies in the world.
Positive investment atmosphere and huge governmental support: The economic agenda of Dubai has been transformed by its Department of Economic Development (DED). It helps improve the economy and renders all kinds of assistance to create a favourable business atmosphere for local and international businesses.
World aviation hub: Dubai International Airport is ranked №2 in the world for the number of international passenger traffic it handles with more than 7000 weekly flights. More than 125 airlines that reach 260 international destinations pass through this airport. It is the link between Asia and Africa on the one hand and the West on the other, transporting people from both sides to make opportunities materialize. Emirates Airlines flies to over 140 world destinations and is the fastest start-up international airline, flying to 65 destinations all over the globe. Further, Dubai’s new airport, Al Maktoum International Airport, Jebel Ali, is slated to handle more than 160 million passengers when fully operational.
World-class infrastructure: Dubai has ultra-modern roads, public transport, conectivity and state-of-the-art business centres and of course, the Dubai Metro. Public life is safe for men and women and there is a lot of political stability here.
Convention and meeting centres: Dubai offers flexible business facilities, from meeting rooms for 10 people to large convention halls for thousands of people. Barely 10 minutes from the airport is the impressive Dubai International Convention and Exhibition Centre (DICEC) which has more than 90,000 square metres of exhibition grounds and meeting space. Besides this, the area also boasts of a range of premium and mid-range hotels that have large meeting spaces.
Free zones: With over 20 free zones in Dubai, this Emirate can easily accommodate many business and industrial clusters. Due to this, foreign investors are allowed to have total ownership of their business investments, besides repatriating their capital and profit.
Tax-free haven: All companies registered in Dubai are tax-free. This is a great thrust for people wanting to set up business in Dubai.
Other factors like Dubai’s excellent location, the fact that it’s a knowledge hub and that it is a safe country to be in, encourage more and more companies to set up shop here. Further, it has world class lifestyle offerings like desert safaris, spa breaks, dhow cruises, skydiving and water park rides that encourage companies to shift base here.
Get in touch with Yusuf Dhanani here.