Top 10 Factors of Business Set Up In Dubai

Business Hub

Dubai is known as the business hub in the entire UAE for possessing favorable business culture. Furthermore, the government here provides various facilities for foreign investors and welcomes them to set up their business in Dubai. Moreover, company formation is quite easy in Dubai with less paperwork as the city follows strict yet transparent rules and policies by the government which makes the rest of the process easy. 

Free Zones

If you are a new investor in Dubai and having a keen interests in setting up your own company in Dubai. There are several free zones, more than 20+ where you can set up your commerce. The advantages of setting up business in free zones are you don’t have to pay any tax while opening your own company. Instead, you will get 100% business ownership. If you are a foreign investor then you will get 100% repatriation profit invested or you have earned.  Dubai is the best place for starting up a business as you don’t have to pay any taxes. The city offers total exemptions from any kind of tax.

Business Friendly Law

Dubai government offers many foreign investors policies and government laws to establish a business. Area wise various legislation law are implemented to enhance the environment of the business. Moreover, UAE government allows makes the documentation process easy such as smooth licensing, registration, less paper work and so on.

Technological Advancements

Dubai is known as a highly advanced city in terms of its digital facilities. One of the prime reasons that keep Dubai one step ahead. According to various reports by 2050 the city is going to  be the highly advanced nations in Technology. Using the latest technology and forming it into a whole new concept is another best thing about the city. You can enjoy high-speed internet services. Moreover, the city is taking major initiatives to ease the daily life of the public living in Dubai. For instance:-

 To reduce the traffic on Dubai’s expressway several tech initiatives are taken such as

• Flying cars
• Driverless  cars
• Faster Metro facilities
• Robots will take the roles of assistant

Moreover, you will see a change in different other sectors, transforming healthcare services, Making E-commerce strong. It is expected that Dubai will soon become the world’s digital hub, as the city is now heading towards using cryptocurrency ( Digital Currency). In fact, to make the Dubai economy more strong this step is taken and recently announced by Dubai’s ruler Sheikh Mohammad Bin Rashid. Dubai has its own cryptocurrency named as Dubaicoin(DBIX), a digital currency whose demand will later increase rapidly.

World-Class Infrastructure

Undoubtedly, Dubai witnessed world-class infrastructure and the booming real estate sector is the live instance of it. This advanced city is known for serving mind-blowing facilities as well as amenities across the city. Wherever you see surely you’ll glimpse something outstanding, something attractive, something stunning. For instance, you will enjoy rapid metro services, easy road connectivity (SZR) and flight services.  Moreover the city is blessed with many tourist site such as Palm Jumeirah, Burj Al Arab, Jumeirah Beach, etc.

Highly Accessible Location

Dubai is accessible from different countries via airways. From India, it takes about 3 hours and 25 minutes to reach. Similarly, from Russia the traveling distance is 6 hours 41 minutes.

 Abu Dhabi to Dubai Reachable distance

By Bus:-  You can easily reach Dubai via bus from Abu Dhabi’s Al Wahda Bus Station and arrives at Al Ghubaiba bus station within 2 hours.

By Taxi:- You can travel via taxi where you can share the taxi. At Al Wahda Bus station in Abu Dhabi, you will get a share-taxi which allows four passengers and operate once full. Also, you can use a sharing app such as Uber.

Availability of Human Resource

Dubai is bustled with various opportunities and that is why people from across the world choose this city for employment, investment, business startup and visiting purpose.  To start a business Dubai has ample human resources that will help your business to grow.

Easy Visa Obtaining Process

The best advantage of a business setup in Dubai is, that you can easily get a visa and suppose if you get it you can rent and lease a property and can enlarge the business  

Growing and Diverse Economy

Because of Dubai’s Growing and Diverse Economy, the city is quite strong fiscally. There are various sources from which Dubai is generating revenue such as Trade, Tourism, Aviation, Real Estate and Financial Services. So in this case, if you are thinking of a business set up in Dubai then you can try on these options. Hyper Modern infrastructure, superior transportation links, an extensive airline network plus the natural Harbour makes Dubai a world-class financial center.

Exceptional Government Support

If you are planning for a new business set up in Dubai then you will get various top-notch opportunities and incentives from Dubai Government. Because to expand business growth Govt. organizing various international events such as Expo 2020. It is a global event that gives a platform to promote new innovation, technology, art, and culture and offers the best business experience.  

• Previously, foreign investors were permitted only 49% business ownership but after the legislation passed in May 2019 foreign investors are permitted 100% business ownership
• Gold Card Visa facilities for top-tier applicants also grant them full residency
• Suppose if you are getting the opportunity to set up business in Dubai then you will get the advantage of the instant license
• After setting up your business you can apply for five-year entrepreneurs visa or a 5 to 10 years residency visa depending on your business experience

Certainly, Dubai has all valid reasons that will compel an entrepreneur to set up a business there. Whereas UAE ranked 16th globally, as per the World Bank Dubai's GDP was 6.2 % in 2021 and 5.9% in Q1 ’22.  Besides this, the UAE economy is highly diversified among the GCC countries, with hyper-modern infrastructure superior transportation links and an extensive airline network which makes the country a world-class financial centre.

Given below are some fire-sure business ideas which you can consider if you are making mind to set up a business set up in Dubai.

Top 5 business ideas that you can do in Dubai Construction sector: -

Construction sector: -

Dubai is rapidly growing from all perspectives and you can see the positive result. Various sectors are increasing, the city is witnessing various skyscraper developments, social as well physical infrastructure too and for the construction sector, it is the best opportunity.

According to the Global Construction survey, the construction industry in the United Arab Emirates is expected to grow by 6.8% to reach AED 245,982 million in 2022.

Thus, if you are planning to new business set up in Dubai then you can consider the construction sector. This can be the better idea because certainly, you will encounter non-stop opportunities.  

E-commerce:-

After COVID 19, the market scenario was completely different and everyone was under strict touch-less rules. At that time the E-commerce business became a boon for every single human being and had seen ample growth. Online purchase, digital payment, and contact-less delivery made life easy at that period and after that users/customers got more habited to that. So, this is another idea that you can try when you are going to a company set up in Dubai.  

Additionally, UAE’s E-commerce has reached $5 billion in 2021 and it is expected that it will surpass $ 8 billion by 2025. This is the fastest growing sector with an average 75% of user is highly preferring to purchase online.  

Travel and Tourism:-

Dubai is known as the top tourism destination in the world. Visitors from various countries every year explore this place. UAE has received total international guests of 1.27M in the year 2021 and 3.97M in 2022(Jan-Mar). The highest number of international guests from Oman at 463K. The city is witnessing the world’s popular tallest tower Burj Khalifa, the famous Burj Al Arab hotel, first artificial manmade archipelago Palm Jumeirah. Moreover, the city is going to receive other complimentary projects that will surely increase tourist visitation. Hence, you can try a hand at this business.

Sources of visitors by Regions (Jan-Mar 2022)

Real Estate Agency:-

This is another emerging business in Dubai. Investors from across the world choose Dubai for real estate investment. In 2020 investment rate in Dubai was 65.6% and recently it surges to 73.7% which is indeed a rapid growth. Surely, investment in this sector will bring ample opportunity to you.

 Also, UAE is inviting investors from different nations by providing them special offers like Gold Visa facilities for top-tier applicants, also grants full residency with no additional conditions. So, from that point of view setting up a real estate business in Dubai will be a wise idea.  

Health sector:-

Surely, health care is a promising sector if you are planning to set up a new business in Dubai. UAE health care facilities are quite advanced because the country use advanced medical technology. And these technological advancements are increasing the opportunities for business in the health sector.

UAE Ranks 22nd in the world index of health care innovation. UAE imports products from 72 countries but receives 80% percent from 10 countries. And it is estimated that by 2030 the GCC nation will stand by itself. 

The Bottom Line

Dubai’s rapid economy has the evidence that if you are intended to set up a business there you will surely grab ample benefits and these above mentioned factors will help you to flourish your plan.