Doing business in Dubai has become increasingly popular in recent years, and for good reason. With a zero-tax regime, secure and sound governance, a world-class financial center, and an educated supply of human capital with diverse professional experience from all corners of the world, it's no wonder investors from all over the world are flocking to the city. Dubai has successfully expanded from the oil business to other industries such as tourism, hospitality, logistics, and more, which now account for 60% of its GDP. These sectors offer a good number of employment opportunities, allowing private companies to hire expatriate employees.
When it comes to setting up a business in Dubai, entrepreneurs have two options: establishing their business in a continental region or in a free zone. The city offers more than 20 free zones to choose from. Starting a business in the Dubai Free Zone is considered beneficial, as entrepreneurs can have full ownership of their company in a free zone. In addition, it allows the repatriation of 100% of the profits obtained and the capital invested.
Establishing your company in a free zone also provides you with the opportunity to collaborate with others in the same industry. In addition to all these advantages, investors also benefit from the general advantages offered by the government of the United Arab Emirates. These include no restrictions on capital repatriation and access to two huge ports - Port Rashid and Jebel Ali Port - which dominate the freight and re-export market. Furthermore, there is a fixed set of easy-to-follow rules and regulations for conducting business in Dubai.
All types of companies in the mainland of Dubai and in any of the various free zones can fully repatriate their capital and profits. The investor-friendly government has also taken steps to facilitate the process of starting a business in Dubai. For example, DED's “merchant license” aims to integrate start-ups and business activities that operate online or on social media sites into the economic department's database. If you're looking for detailed information about registering and forming companies in Dubai, you can contact business consultants at Shuraa Business Setup, which has 26 branches around the world. If you are in India, you can also contact the Shuraa Business Setup India branch located at 108, Square one, Saket, New Delhi, India. No matter what type of business you set up in Dubai, there will be no shortage of workers in the city.
Currently, its fastest-growing, stable and electrifying economy makes it an ideal area for entrepreneurs like you to start their business prosperously. Businesses in these areas also have several benefits depending on the Free Trade Zone and the business sector. In conclusion, setting up a business in Dubai is an excellent decision right now due to its many advantages. With no restrictions on capital repatriation and access to two huge ports that dominate the freight and re-export market, plus an investor-friendly government that has taken steps to facilitate the process of starting a business in Dubai - there's no better place for entrepreneurs to start their businesses.