Entrepreneurs and investors are flocking to Dubai, as it is so easy doing business in the United Arab Emirates. The stable and strong economy booms with opportunity and provides foreign entrepreneurs and investors with spectacular attractions and incentives to live and work in the state.
If you’ve ever wanted to know about the ease of doing business in Dubai, this article tells you how, covering the following topics:
- How easy is it to do business in Dubai and the UAE?
- Is it easy to do business in Dubai?
- Is it easy to do business in the UAE?
- Business setup in Dubai with Trade License Zone
How easy is it to do business in Dubai and the UAE?
The UAE government is constantly looking for ways to boost its economic competitiveness, GDP and indexes, stability and economic diversity. It recently launched a series of reforms to improve the ease of doing business in the state and Dubai.
The government made amendments to its visa regulations and business laws and provided further incentives for small- and medium-sized businesses to establish themselves in Dubai and the UAE. Introducing new visa types for investors and freelancers are examples of these amendments and have already resulted in investments and growth in the UAE market.
Business-friendly policies, low-to-zero tax policies, a growing economy, and world-class infrastructure are among the top advantages of calling Dubai home for entrepreneurs and investors.
Is it easy to do business in Dubai?
Dubai allows 100% ownership of commercial companies across a wide variety of business sectors, from manufacturing to consulting to renewable energies. Recent federal ministry reforms have further opened visa terms to make it even easier for a foreign individual to live and work in Dubai. Combined, business and visa policies make it easy to do business in Dubai.
Is it easy to do business in the UAE?
According to the World Bank, the UAE is ranked 16th in its ease of doing business ranking. It is the highest-ranked country in the Middle East and North African regions. Reforms to business practices in the UAE market make it one of the strongest in the Arab world and act as a magnet for entrepreneurs and business investment.
Dubai is the best place to call home in 2023
Here at Trade License Zone, we’ve put together a list of the most attractive advantages of calling Dubai home in 2023:
Advantage #1: World-class city
Dubai is a leading destination for tourists and travellers – and one of the top places to call home. Thanks to superb infrastructure such as roads, parks, public transport, entertainment and more, Dubai’s citizens love the high standard of living and top-rated amenities that make life simpler and more enjoyable.
Advantage #2: The UAE Dirham is a stable currency
A stable currency promotes investor confidence and economic development. Since 1973, the UAE’s Dirham has been pegged against the US Dollar and set at a constant rate since 1997. It is not only one of the strongest currencies in the world but is currently one of the most stable. This stability makes the ease of doing business in Dubai all that more rewarding and satisfying.
Advantage #3: Zero tax
It is widely known that Dubai has excellent policies on taxation, with zero tax for personal and corporate incomes, zero wealth tax, and other tax incentives for commercial companies.
Advantage #4: Perfect location
Dubai is ideally located in the Arab world, and the Middle East and serves many North African, European and Asian markets. Dubai’s infrastructure of airports, harbours, and city infrastructure are world-class. For Dubai entrepreneurs and investors, the UAE market itself is one of the most established in the world and is growing at double digits year-on-year.
Advantage #5: Leading healthcare
Dubai has a leading healthcare system with world-class hospitals, clinics, and medical experts, establishing it as a Middle East capital for healthcare.
Advantage #6: COVID-19 campaign
The health of all citizens and visitors to Dubai is paramount to the UAE government. This was witnessed in the nationwide vaccination campaign and a high level of crisis preparedness during the COVID-19 pandemic. Dubai has established a rapid response system to react to such situations with maximum efficiency. This is backed up by a world-leading healthcare system.
Advantage #7: Business-friendly regulations
Dubai has open economic policies and business-friendly private sector laws and regulations. It promotes Foreign Direct Investment (FDI) to stimulate its diverse economy. Innovation, investments, a booming economy, financial advantages, and easy business formation makes it an ideal city to live and work in.
Advantage #8: Safe and sound
Crime in Dubai – and across the UAE – is relatively low. Law enforcement is visible and actively works to improve the safety of every citizen. It is one of the leading countries in the world for crime prevention and law and order.
Advantage #9: Centre of the world
From Dubai’s airport, you can reach 97 different countries with a direct flight. The world truly meets in Dubai.
Advantage #10: Cosmopolitan city
Dubai is home to over 200 nationalities, with expats making up over 90% of its population. It is a diverse, inclusive, and welcoming environment for people from any country or region in the world.
Business setup in Dubai with Trade License Zone
Business setup in Dubai is a straightforward process. The sheer ease of doing business in Dubai is made possible by recent improvements in regulations, emphasising Dubai and the UAE’s business-first, forward-looking economy.
Partnering with a business setup expert like Trade License Zone will further reduce the time it takes to begin trading. When starting a business in Dubai, the company setup and trade license process can be tricky for foreign entrepreneurs and investors without prior experience.
The specialists at Trade License Zone can get started once you provide us with some basic documentation of your business and a little information about the nature of your business. After that, just sit back and let our team take care of the rest. We’ll manage your trade license application and visa applications, communicate with all relevant local departments and authorities, and report when you’re ready to open your company’s door to customers. It really is that simple to do business in Dubai and the UAE!