Dubai is one of the seven emirates that in total form the United Arab Emirates. The emirate is one of the largest emirates in UAE and is one of the 2 emirates that enjoy the autonomy from the government for making local decisions about the emirate. The economy of Dubai is quite stable and one of the most fast growing economies in the world. The working environment in the city is quite safe and there is a potential for a huge amount of growth in the business sector of the city as well as the expected returns from doing business in the region are quite high. The cost of operating a business is also very low due to cheap labor, no corporation tax and zero import duties. All of these factors have helped in making Dubai the central business hub in the region of UAE.
Apart from the above mentioned reasons, there are certain benefits of doing business in Dubai that have made Dubai business sector one of the most developed and profitable business sectors in the world. A lot of facilities and incentives are provided to the companies that are being established in the region. There are free zones available in Dubai, that have specifically been designed for the smooth flow of business activities. These free zones have better infrastructure that help in the daily trading and operations of a business. A 100% foreign owned company is allowed to operate from only these free zones in Dubai. Also the positions of these free zones have all been planned in a strategic way near the ports of Dubai.
Other incentives and benefits include the availability of easy finance and 100% capital allowance relief that make it possible for the newly developed businesses to survive in their early phases. It is quite easier for the newly developed companies to obtain business license in UAE and Dubai thus becoming one more reason of the development of Dubai as a business center. One more reason of doing business in Dubai is because of the strategic position of the emirate itself which is located midway between both the eastern and western countries allowing easy trade with both the significant portions of the world. Apart from that, Dubai is situated on the Arabian Peninsula which makes grants it a natural seaport allowing the trade to be carried out flawlessly with the other continents of the world making the strategic position of Dubai as a trade and business center even greater.
Almost every airline company’s flights land at Dubai airport therefore allowing the easy access of visitors and tradesmen to the city. Obtaining visa for Dubai is also quite an easy task thus giving Dubai one more trait that is necessary for a successful business hub. The communication systems and the overall city infrastructure are also excellently planned. Energy is supplied at considerably lower rates than in many countries and cities in the world. The living standard and condition of the people in the city of Dubai is very high thus guaranteeing the success of great quality products made by the companies operating in the city.
Hosam Habib is an expert Media consultant and Journalist associated with Media City Dubai, a Dubai-based international company that host all Media related companies. He writes about News Channels, Human Rights, Dubai business, business license in UAE and Dubai, Child Labor etc.
The Reasons Behind the Success of Doing Business in Dubai