Many ongoing and startup businesses may have moved to Dubai throughout the last decades. But why? is that because Dubai has lots of mansions? It can be a reason, but every business doesn’t care about mansions. A business needs facilities, luxury, and some business-friendly economic, social, and legal background. So, are these businesses moving to Dubai fetching for this necessary environment? If not, why is Dubai best for business? Let’s have a look, guys.
Is Dubai the only ideal business place?
Not at all. But, there is something you must figure out. Of course, Dubai is one of the best cities in the world for business development. In 2020, Dubai ranked among the world’s most favorable business cities. Even though all the other cities are from the western and European regions, Dubai is the only Middle Eastern city that hails among the ranked global cities for entrepreneurs. The other cities are New York, London, Paris, Tokyo, and Milan. So, why is Dubai this good for business? Absolutely the reasons are different from the ones you might think and assume. Honestly, the real reasons for being Dubai is an ideal business place are going to shock your mind.
Dubai's Geography
When we start from the geography, the sea, land, and atmosphere has affected to make Dubai a great business place. Dubai is located at the peak point of the gulf of Persia. Apart from the skyscrapers, Dubai’s sea is a fortune for uplifting business and trade in an outstanding manner. Let’s have a look, guys. The Emirate of Dubai shares borders with Abu Dhabi to the south, Sharjah to the northeast, and Oman’s Sultanate to the southeast. Hatta, a minor exclave of the emirate, is surrounded on three sides by Oman and the emirates of Ajman (West) and Ras Al Khaimah (north). The Persian Gulf borders the western coast of the emirate. Dubai covers an area of 1,588 square miles (4,114 sq km).
Dubai's sea helps business.
Take a closer look at Dubai’s development. Yeah, it depends on the oil industry. But the Arabian sea and the gulf of Persia have brought enough luck to many business activities. Also, the ideal location of Dubai, in the middle of the UAE, enhances the world’s giant logistics, tourism, and trading. Strategically, Dubai is situated between Europe, Asia, and Africa. It improves sea access, facilitating goods transportation between the East and the West. Thus, Dubai has access to 2.5 billion consumer markets in the Gulf, Africa, Asia, CIS countries, and Europe.
No Taxation Policy
Almost every business in Dubai is tax-free. It is said that Dubai holds the most liberal and diversified economy in the region. Dubai applies no taxation policy for the following
- Personal income tax;
- Capital gains tax;
- Value-added tax;
- Withholding tax;
- Finding an office
- Finding a retail shop
- Manufacturing unit or a warehouse
If you are going to start a business in Dubai, you don’t need to rush here and there for,
Everything is easily accessible and fast.
New and high-standard residential, tourism, industrial and commercial facilities have been built rapidly and on a massive scale during the last decades. Moreover, new roads, a more convenient public transport system, and a new airport are being developed. According to the Travel and Tourism Competitiveness Report of WEF, the UAE’s infrastructure has been rated as among the best in the world. The country came second in the quality of roads, third in the quality of air transport, fifth in port infrastructure, and eighth in the ground transport network.
