Dubai’s economy diverged from being oil reliant to trading, hospitality and finance. Located amidst Asian and European markets, Dubai sets itself as a global trade hub. Its free zones provide businesses with 100 percent foreign ownership and attract plenty of international investment; unlike anywhere in Dubai that vests 51 percent rights by UAE legal national. Both small and medium corporations are welcomed!
Business advantages
Dubai provides easy access to business trade because of its strategic location in Middle East. Strong fiscal system attracts global investors and entrepreneurs for business commencement. Banking sector contributes a lot towards strengthening the economy with modern infrastructure and privacy often compared to Switzerland. With no tax or account registration, benefits move a step ahead.Trader considerations
Because of ever growing trade opportunities, Dubai is often labelled as “city of merchants”. It’s politically stable and welcome businesses from everywhere around the world except Israel. The city offers a fully cosmopolitan lifestyle with state-of-the-art facilities and healthy relation with other countries. Setting up a regional office or a manufacturing and distribution plant is another lucrative option.Manufacturing business prospective
Dubai government encourages manufacturing operations especially if its land acquisition for plant development. Establishing a factory in one of Dubai’s free zones and a trade license means you’re exempted from import and export duties, land taxes on capital transfer restriction. The law requires having a local partner holding major portion in interest. This would give you an upper hand with skilful negotiations; something Arabs are quite adapted to.Media business
Media industry around the world has grown strong during the last decade and with Dubai, it’s quite radical. You’ll find great opportunities in graphic arts, printing, publishing and packaging via International Media Production Zone (IMPZ). Media agencies around the world collaborate with IMPZ that again sheds limelight on Dubai.Though a profitable business opportunity, it’s not inexpensive. IMPZ has already invested around $300 million in coalition with strong investment partners. Some of most lucrative prospective can be found in Downtown, Dubai that set itself as a mighty corporate central.
So head for Dubai if you seek long-term and cost-effective business projects!
