Why You Should Do Business in Dubai
Take Your Business To Dubai
The ultimate question. Why should you do business in Dubai? Many people consider Dubai to be a metropolitan city – in the last ten years rivalling the likes of New York and Singapore as the most prominent financial hub in the world.
It is a city that has flourished beyond comprehension in only 50 years, boasting skyscrapers, malls, and sights that people fly across the world to behold.
So, with a burgeoning economy and blossoming businesses, the question shouldn’t be why Dubai. It should be: Why not Dubai?
Entrepreneurs and independent business owners have flocked in masses to the great city in hopes of growing their brand (and many have succeeded in their endeavour!).
Taking your business to the next level is no easy feat, but here’s why you should take a chance on Dubai:
1. No Income Tax
Yes, it’s true. Dubai does not enforce income tax on private and public-sector workers, which means that business owners retain 100% of their income. While the UAE has implemented VAT (Value Added Tax), the tax is 5% and only applicable to certain goods and services.
2. Ease of Connectivity
Public transportation is a necessity for most. And, since Dubai has developed such excellent infrastructure, going from one place to another has become extremely easy. Whether you take the world-class metro, bus, tram, or taxi, easy access is guaranteed.
3. Global Position
Dubai is a well-known financial hub, connecting businesses and markets in the Middle East, Europe, and Africa. Thereby, relocating your business (or starting one) to the UAE will prime your business, with advantageous time zones and access to international markets.
4. Safety and Well-Being
Political stability and a low crime index distinguish Dubai as one of the safest places to work in the world. Since the rate of serious crimes, such as murder, rape, and assault is 0.5-1 per each 100,000 population, ensuring that Dubai provides a safe environment in which businesses may flourish.
5. Quality of Life
Ranked as the country with the best quality of life in the MENA region, Dubai’s living conditions are truly incredible. With consistent property development, whether it be up-and-coming restaurants, glamorous hotels, or trendy bars, Dubai never fails to disappoint.
Clearly, with countless benefits, opportunities for economic growth, expansion, and investments, Dubai is the place to be for any entrepreneur – seasoned or novice. As a global entrepreneur, I moved from London to Dubai in 2019 in hopes that my business would thrive. Although I have been an independent business owner for fifteen years, the growth I have witnessed in Dubai has been entirely unparalleled.
It’s safe to say: the risk paid off.
Overall, I would say that relocating to Dubai is the best decision any business owner can make, as the city has slowly become the strongest global hotspot in the world. Expatriates comprise over 90% of the population for a reason, as Dubai has thrived due to its diversity and range of perspectives.
Would you move to Dubai? Let us know your thoughts in the comments below!
