Why Dubai is great for Business?
UAE is an excellent place to start a business, as compared to North Africa, Middle Eastern, and other countries in the world. Many free zones offer excellent opportunities to start a business in Dubai. Other than this, business activities are more feasible due to strategic location, low import duties, no taxes, and excellent infrastructure. It takes barely eight days and some procedures to set up a company in Dubai, the UAE.
UAE has significant reforms, commercial disputes, and contract enforcement. But there may be some kinds of hurdles, but they can easily tackle issues with some efforts and management strategies. UAE is the fastest growing economy in the world. It is a fertile and promising land for the extraordinary and rapid growth of the business startup. Many investors are considering the UAE as a top spot for business setup, and there are many reasons for this consideration.
Strategic Location for Business in Dubai
UAE is offering an excellent combination of logistic facilities, residential areas, essential services, and transportation links. UAE is easy to access by the majority of economies. There is excellent transportation of various goods between different regions and specifically in Africa, Europe, Asia, and the Middle East.
UAE is enjoying an excellent strategic location between Africa, Europe, and Asia. And many Chinese business authorities are using UAE as a trading hub in Africa. Indian traders are also accessing Emirates for trading with the world as well, Latin Americans see UAE as a launching platform to the South Asian countries. Moreover, Western nationals are also using UAE, as excellent trading and business startup hub for the Middle Eastern countries.
Variety of Business Premises in Dubai
UAE is providing excellent infrastructure activities and is offering massive respect to the various company formations. That is captivating the renowned investors throughout the globe. There are many options to set up companies such as offshore, mainland, or free zones. Moreover, there is no limitation to the company set-up types. And even there are many options to choose from in the free zone company formation.
Ease of Doing Business in Dubai
Globally, the UAE ranks 11th in the category of ease of doing business in Dubai. In the report of the world, bank published in 2019, UAE is number 1. For providing excellent business opportunities and favors. Moreover, the country is ranking as 1st for access to electricity. Rank 2nd for paying taxes. 5th for efficient dealing with the construction permits. 7th for registering properties, 9th for enforcement of contracts, and 15th for protection of minority investors. That is an excellent approach for Dubai's business environment.
Protection of Intellectual Property Rights
UAE has maintained excellent protection of trademarks, intellectual property rights, and strict laws regarding piracy. Since its formation, UAE is representing an accommodating, and rapid approach to come to terms with universal acceptance. Internationally recognition of corporate laws. And has been successful in standing shoulder to shoulder along with developing, and developed countries in the world.
UAE quickly realizes that universal accommodation laws and regulations are essential. As well as, corporate affairs must get acceptance. So, it is continually putting rewarding, and successful efforts, into implication, and centralization of the legal system in the country.
UAE is aware of the benefits and vitals of being equipped with international treaties intellectual property rights. Trading agreements, and corporate investment along with its excellent exposure to the global communities for business startup and business formation.