Do you often think about quitting your job but contemplate whether it is the right decision? If you feel entrepreneurship is in your blood, you must follow your passion.
If you want to start your own business you should read this article. It states 10 reasons for the new business setup in Dubai.
When you start a business of your own, money is not the only reward. In fact, during the early stages of your business, you might experience failure. You should think about the satisfaction that you would get when you do the work that you really like. Think independently and trust your instinct.
UAE boasts to have a large number of both skilled and unskilled flocks of people who gather there in search of work. So to run your business in UAE you would not have to worry about manpower.
Taxes are very low in UAE. Foreign investors get the privilege of ‘freezone economy’. It means 100% tax exemptions. So as a business owner you are going to make more profit. This is because you do not have to pay any income tax or corporate tax to the government. Dubai does not charge VAT, so it is a paradise for shopping. So, tourists from all over the world come here.
The government is also ensuring that the foreign investors do not face any difficulties in the new business setup in Dubai. Dubai has a world-class infrastructure in offices, business parks, utilities, travel and other amenities.
By foreign direct investment law, you as a foreign investor can enjoy only 49% of the business while the local partner gets 51%. But by different company formation in UAE, you can enjoy 100% business ownership under free zone setup. Dubai free zone company allows you to bring the profits to your country.
Position in World
When it comes to global ranking, UAE ranks ahead of the European nations. UAE has one of the best business environments in the whole world according to many reports. Dubai Business Setup Consultants are there to help you through the whole process of setting up your business.
To attract more and more foreign investors, the UAE government has set up very simple rules for them, except criminal law. Minimum to no paperwork is required for them. And legal procedures are also very fast. The process of making a license or registration is also very simple. Foreigners also have very easy access to local currency.
Although Arabic is the official language, English is widely spoken. You can experience the rich Arabic music, architecture, cuisine, art, and culture.
Location plays a very important role in any kind of business setup. UAE has easy access to Asia, Africa, Europe, the GCC and the entire Middle-East. The major trade partners of UAE are India, China, and Europe.
UAE has strong healthcare and education policies. It is mandatory to have a health insurance in UAE. The literacy rate of UAE is 92.5%. Many famous hospitals and universities are also there.
To strengthen the country’s economy the government also encourages foreign investors. They also help the investors by all means. Many startups and multinational companies have chosen UAE to be their base.
So, if you are keen to start your own business in the UAE, think no further. Get in touch with the Dubai Business Setup Consultants who are there to guide you through the whole process.