Entrepreneurs, Investors who want to invest in the MENA region, re-domicile, set up a company from scratch, relocate, open a branch or expand should have Dubai company formation as their very first option. Dubai has a lot of benefits and conveniences to cater to businessmen from startups to tycoons.
The top 5 reasons you need to go green light for business setup in UAE, in Dubai, specifically are:
Dubai is a profit-oriented destination
Dubai stands out in the Middle East exceeding its peers as it ranks 8th in the world amongst the top global commercial centers in The Global Financial Centres Index (GFCI) with the rating of 740, which is only 50 points less than the first rank based on parameters or 5 key areas:
Financial sector development
Reputation and general factors
Only followed by Casablanca at 21 st, Abu Dhabi at 32nd, and Doha at 39th. New companies looking for a growth base have one destination, Dubai, for it has the reputation of rapid and steady growth. Moreover, Dubai holds its position as an internationally renowned groundbreaker because of:
A Superb transportation-system
Low taxation for new companies and startups
Commercial real estate various solutions
Thriving on the oil-driven economy and non-oil investments offering a stable economy
Solid Political landscape
Superlative Tax Benefits
Thanks to the Government of the UAE’s efforts towards building a business-oriented ecosystem, foreign investors thrive on huge tax profits. One of the most appealing benefits there to consider is that foreign investors are exempted from personal, corporate, and capital gains taxation. Dubai has only a 5% VAT competing with most of the commercial capitals as one of the lowest rates attracting abundant conglomerates, startups, and different entities from all over the world.
Unparalleled Aviation Services and Connectivity
Flight frequency and airport proximity of any other destination would not match in Dubai. Recurrent business flyers and frequent-fly businesses will have their requirements met thanks to accessibility to every corner of the world, and easily accessible unmatched international airports.
Cordial Business Consultancy Support At Every Corner
Setting up a business in Dubai is as simple as providing passport copies and choose a suitable name for your business in Dubai. In Dubai, investors could and will get complete support with the registration, licensing, legal procedure and any setup requirements from a team of professionals at IBG. On top of that, an investor could get additional perquisites like Residential Visa, Bank Account corporation assistance, and a complete suite of company incorporation and management.
Wide Gates To The International Market
Representation of fields and industries makes a great gain for both- B2B and B2C trades. With ports and copious workforce, businesses find it easier to grow here and access different markets around the world with zero plateaus of bureaucracy. Bonus Reason: Expo 2020 S&P Global’s prediction that Dubai’s GDP would increase at a minimum of 2.5% a year until 2022 starting with an average of 3% in 2020 and 2021, especially from economic activity associated with Expo 2020, is highly encouraging. Expo 2020 is also expected to boost tourism in Dubai surging consumer spending consequently stimulating the growth.
Being a complete solution house of experts makes the process easy, swift and hassle-free. A consultancy firm of complete business services from setup to company management will leave you at ease and save you a lot! IBGME business consultancy team of business setup experts will help you make the right choices for you and your plans. Call us or visit our website today, let’s get you started!