Being the business hub for the Middle East, Dubai is one of the best places international entrepreneurs can invest. It is home to one of the largest ports in the world, which connects 140 ports across 6 continents.
Harboring several billionaires and approximately 50,000 millionaires, the city has a cosmopolitan culture that attracts entrepreneurs from all over the world. Its tropical climate has made it possible for people to do business all year round.
What’s more, the city has one of the lowest crime rates in the world and allows for a tax-free environment.
Apart from the above pointers, below are other reasons why you should do business in Dubai this year.
As earlier stated, Dubai is a city with a low crime rate as compared to other countries in the Middle-East. There are hardly any communal riots or demonstrations. Also, there are no terror attacks.
Dubai is ranked as one of the top 20 safest locations in the world. Police officers make use of the latest technological advancements to ensure maximum security. Their patrol cars include a fleet of Ferraris, Lamborghinis, and Bentleys.
With such equipment, it is no wonder a multitude of businessmen are looking to invest in entrepreneurship in Dubai.
- Physical infrastructure
The moment you step in Dubai, you will notice the breathtaking infrastructure. It is no wonder Dubai has dominated the cargo and export market for the longest time.
Dubai has Port Rashid, one of the busiest ports in the Gulf, and Jebel Ali Port, a modern and an equally busy port, operating in an economic free zone.
What’s more, the city is home to Arab’s world’s largest airline, Emirates Airlines and the world’s fastest-growing airlines, Fly Dubai.
- Free zones
Another thing that entices international businessmen into investing in Dubai is the 20 free zones that cater to the various industries that allow foreign investors to have full foreign ownership of their businesses.
There is also the absence of income tax that attracts more businessmen.
Furthermore, the Dubai government is looking to increase the number of free zones. It also provides urban amenities to its residents to do business.
- There are investment opportunities
In addition to the government allowing foreigners to do business in the country and providing them with the necessary infrastructure to nourish their businesses, it also allows them to re-invest and enjoy their hard-earned money.
It is the reason why the city is a popular destination for the world’s elite. In 2018, the city welcomed close to 16 million visitors, who had either come for business or recreational purposes.
It is one of the few international destinations where people preferred to visit, as well as live and work.
- It is a global networking destination
If you are keen on following Dubai’s current affairs, you may have noticed that the country hosts a lot of business events annually, and welcomes approximately 3million delegates and attendants from over 100 countries.
Also, with the myriads of international entrepreneurs doing business in UAE, the city offers a great global networking platform for these entrepreneurs.
- Proven track record
Since time immemorial, Dubai is known for its ‘ease of doing business.’ In the UAE, it is the leading location that has continually evolved in business and infrastructure.
Additionally, Dubai has a track record of being Middle-east’s business hub. This can be confirmed by the numerous rankings and recognition it has received worldwide.Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!