TOP- 5 reasons for starting a business in Dubai in 2020

15 / 07 / 2020

Where else than in Dubai, in one of the richest cities in the world, your own business should be opened. The city is constantly evolving and does not stand still. New projects in the form of huge hotels, apartment complexes, offices and much more are growing by leaps and bounds. Government does not save on security and pays special attention to this aspect, that is why the city has a minimal crime rate. Banks appreciate, first of all, trust and ensure 100% safety of invested funds, and also offer some of the most favorable banking services for individuals and legal entities.

The benefits of starting a business in Dubai are huge, and they primarily affect the development of the company itself and making huge profits. In this article, we will reveal the Top-5 reasons for starting a business in Dubai.

1 - Security;

Security plays a big role in everyday life and doing business. A person needs to be confident in the future, and Dubai is coping with this task "perfectly". The country has no place for terrorism, riots, aggressive propaganda, etc. The authorities allocate significant amounts to let people know that they are safe and can ask for help at any time. Modern technologies help to take quickly all the necessary measures to ensure order.

Banking institutions guarantee absolute confidentiality of transactions. Therefore, people who have opened bank accounts in Dubai are not worried about their capital, because it is in good hands.

2 - Location;

Dubai has a very convenient and advantageous location for conducting international trade. At your disposal is an excellent transport interchange, one of the largest airports and an international seaport. Dubai is located between Europe and Asia. You can easily bring raw materials for your production or deliver goods.

3 - Taxes;

Another and very significant reason for starting a business in Dubai is taxes, namely, their absence. In Dubai you do not need to pay personal income tax, corporate tax. The VAT rate is only 5%, and the lack of foreign exchange control and a developed labor market make it possible to hire highly qualified personnel and bring the business to the international level.

4 - Development;

When starting a company, businessmen are guided primarily by the rapid growth and development of their business. If you open a local company in Dubai, which will be licensed by Dubai DED, then you are given the opportunity to apply for an unlimited number of visas. This type of company is allowed to open branches not only in Dubai, but in all 7 Emirates. Also, for the development of the company you will need highly qualified employees, whom you can attract from around the world.

5 - Residence permit;

When you open a business in Dubai, you get a residence permit and the opportunity to invest in real estate. Your family members can also obtain a residenct visas.

Do you want to live in a country with a high level of income, security, quality education and medicine, and of course year-round sun? Then choose the United Arab Emirates!