UAE is a perfect place to start a business, compared to North Africa, the Middle East, and other countries in the world. Many free zones offer an excellent opportunity to start a business in Dubai. Besides this, more viable business activities due to its strategic location, low import duties, no taxes, and excellent infrastructure. It takes nearly eight days and several procedures to establish a company in Dubai, UAE. In this article, we have shown in detail the business environment of Dubai and why Dubai is the best place for business startups.
UAE has a significant reform, commercial disputes, and contract enforcement. But there may be some types of obstacles, but they can efficiently resolve issues with some effort and management strategies. UAE is the growing economy in the world. It is a fertile and promising ground for tremendous growth and quickly from startup businesses. Many investors consider the UAE a top place for business setup, and there are many reasons for this consideration.
There are 5 important and friendly Dubai spots for doing business-
1. Al Garhoud
Al Garhoud is a convenient location. It is a big draw for those looking for company formation in UAE.
2. Burj Khalifa
Burj Khalifa is part of Dubai city center, which is a significant tourist spot. The site has several luxury hotels, corporate offices, and upscale place to stay.
3. Oud AI Muteena
Oud Al Muteena is outside the residential neighborhood of Dubai, located close to the airport. New businesses in the area grew by 6.5% in 2020. This place is close to Dubai and Sharjah, making it ideal for tourists and business owners.
4. Trade Center
This place offers an excellent business location with a cost-effective business set.
5. Qud Metha
This family-friendly area saw an increase of 4.5% in new entrepreneurs—Metha Qud, known for commercial and entertainment complexes. There is plenty to do in the room with several restaurants, shops, and hotels around.
Together, five districts contributed 43.7 percent from 16,826 new business licenses issued in the first six months of 2020, according to Dubai’s economy statement on Saturday.
It does not provide a year-of-year comparison for the number of licenses issued for these fields.
Al Garhoud attracted the top new business during the first six months of this year, contributing 15 percent of the total number of new permits released in the Emirate.
About 2,535 new businesses are opened at Al Garhoud, with ‘Professional’ services counting for the most significant part. New licenses, 97 percent were issued for entrepreneurs, with only 2.2 percent allocated for women entrepreneurs and 0.8 percent to the company.
“The popularity of ‘Al Garhoud’ is led by the number of commercial and housing complexes in the area and its proximity to Dubai International Airport, downtown Deira and Dubai City Mall Festival,” Dubai Economic, ” which issued a business permit outside the zone in the Emirate, said.
The location is significant for the growth and development of the business. UAE offers an excellent combination of logistics facilities, residential areas, essential services, and transportation networks. Dubai is easy to access by the majority of the economy. There is excellent transportation of various goods between different areas and particularly in Africa, Europe, Asia, and the Middle East.
UAE enjoys a strategic location was excellent between Africa, Europe, and Asia. And much Chinese business authority to use the UAE as a trading center in Africa. Indian merchants also access the Emirates to trade with the world as well. Latin Americans see the UAE as a launch platform for South Asian countries. Again, western countries are using the UAE as an excellent trade and business startup hub for the Middle East countries.
There are 1000 flights to various countries of the UAE weekly. Along with easy access to the Middle East and GCC markets. Simultaneously, Dubai is a cosmopolitan city in the UAE, and many people who visit this place for shopping. Sharjah International Airport is located near the free zone. It is the central place to attract more foreign investors for business in Dubai.
Dubai’s position at the forefront of the Middle East’s business landscape will come as little surprise to anyone who has traveled throughout the region. Its role as the most well-connected transport hub in the Gulf makes it easier to achieve than elsewhere. Its cluster of high-rise towers provides a myriad of business zones, tax lower house convenient for regional and international companies.
The relative shortage of the emirate’s oil resources means that it has had to look for other growth opportunities, unlike most of its neighbors. While the strategy has led to severe financial problems on occasions – such as the debt crisis of 2008/09 – has successfully developed a business-friendly reputation that has proved resilient.