Dubai is culturally and geographically at the opposite of the East and the West. Dubai has transformed into a business giant that rivals the world’s top cities in just over two decades. From a smoky old town with an acute trading community, Dubai is now a highly approaching commercial site for any legal corporation looking to get into the Asia, Middle East, and Africa’s fast-developing markets. Dubai is a city that inspires other cities and countries to strive for the same lofty heights that Dubai has attained.
Magnetic Strategies
Dubai’s strategic geographic location gives it a perfect gateway between East and West, allowing enterprises to reach out to a population of over 2 billion people. It is also the center of the region’s import and export economy, one of the world’s most profitable industries.
Dubai presents a great climate for managing a profitable business because of its winning combination of rising foreign ownership, easier immigration formalities, outstanding communication and infrastructure networks, and relative ease of launching a firm.
How to make attractive business destination in Dubai?
Let us now look at some of the important variables that contribute to Dubai’s attractiveness as a business destination. Here are the points:
- The Zones of Liberty
There are 30 free zones in Dubai, that include various industrial and corporate clusters. Investors from other countries can enjoy total ownership of their investments, as well as profit and capital repatriation.
- Geographically strategic location
Dubai is geographically placed between Europe, Asia, and Africa, and its proximity to Asian superpowers China and India make it a desirable destination.
- The infrastructure of the highest caliber
Dubai features some of the world’s top infrastructure, including road networks, telecommunications, ports, and airports. Dubai is putting a lot of money into infrastructure as the World Expo 2020 approaches. Dubai’s Roads and Transport Authority (RTA) has revealed plans to build an underground railway system to link the expo’s many pavilions.
- The political and social climate that is secure and stable
Since its inception in 1971, the UAE has maintained a politically stable environment, which has resulted in an environment conducive to economic progress. Dubai is regarded as one of the world’s most tolerant, prosperous, secure, and safe communities and is named as the best city in the Middle East by Mercer’s Quality of Life Index.
Therefore, to grow your business in Dubai might be lucrative, but it comes with its own set of rules and regulations. A new business to the country may find it challenging to negotiate the set up of his business and . To assist you in mapping your path to growth and prosperity, you should contact a Dubai-based company formation agency.
Bottom Line
Thousands of professionals from all over the world flock to Dubai because of the country’s permissive labour rules. The UAE government is increasingly educating native Emiratis to work in rapidly expanding institutions. The Department of Economic Development (DED) in Dubai is changing the city’s economic agenda.
