Over the years Dubai has cemented its place in the world as the ultimate destination for luxury, shopping and entertainment. Now, with the UAE government’s foresight and vision, Dubai has gained a spot as one of the world’s most desirable destinations. Every year the number of foreigners that are investing in Dubai is increasing. The rise in foreign investment has given birth to multiple business opportunities and further increased number of business setup in Dubai.
Following are some of the reasons that will emphasize and explain to you why investing in Dubai in 2020 is a sensible move for you:
1) A Flourishing Economy:
Dubai has completely transformed itself. The journey from an economy that was totally dependent on oil to an economy that is now the hub of international business is an awe-inspiring tale.
Thanks to the UAE government’s policies, the region is now primarily focused on its non-oil sector. Dubai’s business sector has attracted over 21.6 billion dollars in foreign investments alone. That has boosted its GDP positively at the moment it is 2.9% and is predicted to grow dramatically in the upcoming years. Hence, Making it a safe haven for investors to start a business in Dubai with minimal chances of failure.
2) Numerous Business Opportunities:
Because of the high influx of investment that is pouring in from all sides in Dubai. The city offers immense business opportunities to anyone looking to start a business. From freelancers to an entrepreneur to small business owners, all are welcome to transform their business ideas into a reality. Even seasoned business owners will find a business opportunity too lucrative to pass up. UAE has slowly transformed itself into land suitable for investment. It currently offers multiple industries ranging from retail, tourism, media etc. for entrepreneurs to establish business setups in Dubai.
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3) Various Locations:
The UAE, including Dubai, offers several attractive locations to set up a business. These locations comprise of Mainland, Free Zones and Offshore. Moreover, all of these locations have specific characteristics that make them suitable for a certain type of investors and less suitable for others. Therefore, business owners need to be clear about the business idea before starting a business in Dubai.
4) Incentives Launched by the Government:
The government of the UAE launches numerous incentives every year firstly, to capture and seize the attention of foreign investors to continue investing in Dubai. Secondly, to boost and uplift its economy. The government has executed its vision 2020 with absolute success as it has carved out business opportunities in both the private and government sectors. Furthermore, the Smart Dubai project has led to immense capital investment in Dubai.
Dubai government is said to launch 130 initiatives in the coming six months to entice foreigners in setting up a business in Dubai.
5) Hundred percent Return on Invested Capital Ensured:
Every business owners worst nightmare is the failure of the business. What follows is the tedious and painful process of liquidation and reclaiming of property etc. For that reason, the Dubai government has made this process easier and quicker for investors by allowing complete freedom. The government is providing 100% repatriation on the invested capital, and total profit earned. This move is drawing more business owners to invest in Dubai.
6) Minimal or No Personal Tax:
While launching a business in a foreign country, the thing that most concerns the business owners and entrepreneurs alike is taxes. Business professionals tend to shy away from a region that has rigid and expensive taxation policies. The Dubai government to gain the interest of international investors to come and invest in Dubai has lowered its taxes. The business setups in Dubai don’t have to pay any personal taxes
7) Access and Exposure of the International Market:
Most beneficial manoeuvre for any company is easy to access to a global market. By choosing to start a company in Dubai, you can give your company a head start and provide it with exposure and access to the worldwide market. This easy access will only help in growth and your business. And it can also aid with its expansion in other emirates in the future.
You can open a branch office in Dubai to expand your business further.
8) Dubai Expo 2020:
With the Forthcoming Expo 2020, the world has its eyes on Dubai and is very interested in investing here. The Expo 2020 is dubbed to be a game-changer that is expected to attract more than twenty-five million global visitors. Multiple investment opportunities involving multinational partnerships are expected to happen due to this event. The Expo mainly focuses on uplifting sole proprietors, SMEs, budding entrepreneurs, and start-ups functioning in Dubai. In conclusion the Expo 2020 brings business opportunities that are worth investing in.
So in a nutshell, we have elaborated the main reasons as to why you should invest in Dubai in 2020. If you are seeking a promising investment platform for your business setup, With the Forthcoming Expo 2020, the world has its eyes on Dubai and is very interested in investing here. The Expo 2020 is dubbed to be a game-changer that is expected to attract more than twenty-five million global visitors. Multiple investment opportunities involving multinational partnerships are expected to happen due to this event. The Expo mainly focuses on uplifting sole proprietors, SMEs, budding entrepreneurs, and start-ups functioning in Dubai. Then you should look no further as Dubai is a land filled with business opportunities. The best option for optimum growth of your business setup is in Dubai.
To capitalize on the ultimate benefits presented by Dubai, it is advised that you hire business setup consultants who are well-versed in the business setup process. KWS Middle East is the premier example of business setup consultants in Dubai. They have helped countless clients in incorporating their businesses in Dubai and the rest of the UAE.
Our business consultants are talented and well-skilled to guide you through the treacherous path of company formation.
Contact us today and book your commitment-free consultation call with our business advisors!
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