5 Benefits You Should Know about Starting a Business in Dubai
Dubai has become one of the most attractive locations in the world to carry out the business from a past couple of years. The reason behind this is its transformation from a local trading hub to one of the most liberal trading zones. Dubai provides never-ending advantages and opportunities for the foreign and local businessman to flourish their business. This has attracted investors from the whole world to carry out their business in Dubai. If you are thinking what advantages you will get by starting a business in Dubai then have a look at the points mentioned below:
- Free Zone
One of the most important advantages of operating your business in Dubai is that this country offers a free Zone. Free Zone allows the whole business to be owned by an outside investor. In most of the countries, foreigners are allowed to have only 49% ownership in the business whereas in Dubai foreigners can own the whole 100% of the business. Also, there are no taxes for a particular number of the years for the outside investors in Dubai.
- Easily availability of labor
Manpower in Dubai is available in abundance. Besides a good population of the local workers, workers from many different countries immigrate there in search of the work. The personal income tax in Dubai is very liberal. This attracts workers from all over the world to work in Dubai. In Fact, the number of foreign workers in Dubai is more than the local workers. Therefore, finding the labor in Dubai is not a difficult task.
- Top-Notch infrastructure
Dubai has a world-class infrastructure. It offers all the infrastructural facilities including top class airline services, transport services, telecommunication facilities. Dubai has also highly developed airports. A huge amount of money is being spent on developing its infrastructure. Because of this, people are attracted from all over the world to carry their business in Dubai.
- Cost-effective trading
Trading in Dubai can offer a huge return on investment because of the liberal tax and investment policy. There are zero percent taxes for the first few years of the set of the company. The tax exemption is generally done for around 10-15 years, but this duration can be extended after following a particular procedure. Moreover, there are no taxes on the personal wealth generated by the workers. Thus, we can say the operating business in Dubai is cost-effective as all the profit will only be yours.
- Other general advantages offered by Dubai
Dubai takes very low import duties as compared to other countries. This has encouraged the import of cheap material from other countries. Dubai also has a perfect geographical location and provides a vibrant and competitive economy which ideal for carrying the business.
So, these are some major advantages that you will get by opening a business in Dubai. If you are wondering about the money that you don’t have enough capital to make a huge investment, then do not worry as Dubai provides the opportunity for the development of all kind of business. The size of the business doesn’t matter. Proceed with your dream of flying high by setting your business in Dubai.