Are you an entrepreneur looking for the perfect place to start your next venture? Look no further than Dubai! With its strategic location, tax incentives, and supportive government policies, Dubai is an ideal destination for startups. In this blog, we will explore why you should start a company in Dubai and the top reasons why it is a great place for entrepreneurs to launch their businesses. So, if you’re asking yourself “Why You Should Start a Company in Dubai”, keep reading to find out!
In fact, that’s the core reason why you are here, right?
Don’t worry; we all need a walk-through in certain steps in our life journey to come with a proactive decision. Thus: why should you set up your mind to start your company in Dubai? Company formation in Dubai, might not be rocket science as you may presume when you first heard of the word Dubai.
That’s to means:
If you are convinced why you should start your company in Dubai with solid proofs, then everything will fall into place.
But, before that:
Dubai is considered as one of the most enormous places to set up your company in the globe. From scrutiny, Dubai has nearly everything an investor could look for before starting a company in UAE. Right from superb infrastructure, sunny climate, world-class services, beautiful buildings, and advanced technology features Dubai in the high rank of the business world.
Nonetheless, amid all the amazing things UAE incorporates, for any company formation in Dubai, you must have an agency to help you register your business in UAE. Therefore, one sought-after company in Dubai that might help you get your business registered in a crunch of time is Hashtagstartp.
Generally, Hashtagstartp plays a pivotal role to help a company set up its business and provides consultant services as well. In addition, this firm has drummed up support to several business proprietors and helps them familiarize themselves with the laws in the marketplace and get their business registered.
That’s said: with the above stunning features Dubai incorporates; here are the top 9 reasons for company formation in Dubai.
- Increase Brand Recognition
- Excellent Infrastructure
- Improved Economy
- Tight Security and Safety
- Support from the UAE government
- Presence of free zones
- Affordable Visa
- Support from Financial Institutions
- Advanced recreational services
Increase Brand Recognition
This is one of the most essential motives behind company formation in Dubai.
Everybody desires their company to be popular and attract lots of customers to do business with them. For what reasons might you have launched your business if it is not to make sales?
In the same vein, for your business to attract leads, it must stand out among others in terms of popularity or being visible on the market trend. When your company is renowned and lingers into individual’s oblongata, they might end up doing business with you especially if your company’s reputation is on point.
Therefore, when you locate your company in Dubai, your organization will skyrocket in terms of visibility, unlike setting your business in other countries such as Kenya, Uganda, or Hong Kong.
In Dubai, with an amazing infrastructure, technology, and good ambiance for investing, it will be easy for your business to be known worldwide, and the remarkable services in UAE permit you to market your company effectively.
Thus, starting a company in Dubai will increase your company brand recognition; hence attract more leads to your business.
How can you explain the amazing infrastructure Dubai has? Being the leading world economic country in the globe, a lot of things has necessitated for investors to crave to start their company in Dubai.
Therefore, infrastructure is one of the core things you would find in Dubai.
Why should you consider the excellent infrastructure in Dubai? When you’ve set your mind to invest, you’ll definitely want to transport your goods or distribute them in different places.
Think of a country with a pathetic climate and poor road. You will have a hellish experience transporting and distribute your commodities in different sectors of the world.
However, tons of investors are longing for company formation in Dubai because of the amazing infrastructure in UAE. Tourists can travel and pay a visit to the land.
That’s to means: You’ll be able to do business and connect with international clients as well. Your company name and visibility can grow worldwide and get followers from the four corners of the world.
UAE is popular because of its stable and firm economic growth worldwide.
When a country is stable economically, the urge to conduct business in that country tends to be promising as well. That’s to means: you have high chances to explore and expand your company and garner several customers.
In the same vein, when a country is stable economically, nearly everything seems to skyrocket in terms of value. On the other hand, super technology will help investors to devise new and affordable ways to deal with their customers.
By and large, the goal of company formation in Dubai is to attract clients, rank high in terms of visibility, and make sales.
Tight Security and Safety
Ever heard of instances of fraud or illegal activities so rampant in the UAE?
I bet this might be another prime factor that drains several investors to invest in Dubai. Safety is paramount as it’s said. Therefore, you cannot risk investing in the country featured #1 in illegalities in terms of business.
Loses sometimes elicit depressions which can make your business drop a big deal. And, no one wants to encounter such situations.
That said: the UAE government has set stringent laws, and policies against illegal activities and fraud if witnessed in the country. This contributes to a safe market ambiance for a registered company formation in Dubai.
You don’t have to be apprehensive about your investments while in Dubai. Everything is safe under the UAE government regulations.
Support from UAE Government
One of the aspects that always motivate investors is getting support from the government in that particular country.
Thus, for several years, the UAE government has played a monumental role in enrolling foreign investments from all around the world to the Emirates. Meaning, the efforts the UAE government has put into place in ensuring a successful market trend in Dubai has necessitated a boost in the economic growth of the country.
For instance, the UAE government is struggling to enact business-friendly rules and policies, offer a free tax zone, and support foreign investors financially.
Presence of Free Zones
Imagine investing in a place that offers free taxation?
How much will you have collected by the end of the year amid a thriving business? Lump sums of amount, right?
Tax is a threat to many businesses globally. In fact, this might be the same reasons lots of businesses are shifting to internet-based businesses. The amount deducted from online stores cannot be compared with a normal country’s taxation.
You remember one of the best players in the world sued to court because he failed to pay tax? Huh!
With free zones in Dubai, it makes investors have freedom on the market and conduct their business amicably.
In the same vein, free zones are typically tax-free zones where you can own a business without consorting with a partner or an Emirate agent. They include media, healthcare, and education among others.
There are several activities supported by this free zone policy. Basically, the aim is to make a business-friendly environment for foreign investors in the marketplace.
You can find free zones in Dubai at the International Financial Center, airport, Dubai Silicon Oasis , Dubai Internet City, the Gold, and the Diamond, Sport City, and the Knowledge Village among others.
Any expatriates residing in Dubai can access his/her visa effortlessly.
Unlike in other countries, Dubai permits the expats to get their visa easily and open ground for them to invest. That’s to means, when you do business in Dubai; your chances to get a UAE residency Visa are also high.
UAE residency visa comes with the following benefits:
- You can participate in the leasing of property in the UAE
- You can move in and out of the country at any time
- You can set up your company in Dubai without issues from the UAE government.
Therefore, these tentative visa arrangements in UAE make the country have several foreign investors in the world.
Support from Financial Institutions
Financial institutions such as Abu Dhabi Global Market, Dubai Silicon Oasis Authority, Dubai International Financial Center, and Kizad in UAE are on the frontline to enhance funding in financially unstable areas.
In the same vein, investment funds such as Payfort, AstroLabs, and Beco capital and Hub71 also providing funds to back up business in Dubai.
Another major support from financial institutions is assisting the SMEs’ debt by minimizing fees and providing loan repayment holidays.
Advanced Recreational Services
Apart from excellent infrastructure, sunny climate, and firm economic growth in Dubai, UAE is laced with advanced recreational services such as skydiving, desert safaris, waterparks, and dhow cruises that will amuse you when in Dubai.
Such recreational services are rare to find in other countries in the world. As such, advanced recreational services play another colossal role that necessitates lots of investors to set up their company in Dubai.
As an investor, longing for company formation in Dubai is a proactive decision you can ever make. Dubai has lots of fascinating things to make your business thrive in a twinkle of an eye.
Where can you find tax free place on this face of the earth? That’s to means; Dubai provides a business-friendly environment for investment.
Among other reasons why companies are setting up their business in Dubai include Advanced Recreational Services, improved economy, support from the government and financial institutions, and affordable visa among others.