Dubai is one of the most important business hubs in the Middle East. With its diverse and strong economy, Dubai is becoming more and more popular among foreign investors. Unlike many other regional markets, Dubai has effectively diversified it’s economy from oil based to many other major sectors like travel and tourism, trade, real estate, energy and finance. There are countless opportunities and a lot of potential in its emerging market which offers a number of benefits for those who are interested in company formation in Dubai. Let’s take a look at a few of these benefits that you can reap out of LLC company formation in Dubai:
Strategic trade route for the world
There is no denying to the fact that Dubai is located at one of the most important trade routes in the world. It connects Asia with Europe and Africa through its ports and sea routes. Major trade between Asia and Europe channels through Dubai. This is why Dubai has strong trade and business ties with major economic powers of the world. At one side it provides China with trade access to Africa while on the other it connects Europe with East Asia to ensure smooth trade between them.
Understanding the needs of businesses, Dubai has developed all the necessary infrastructure for the best support. With a number of airport terminals, ports and free zones, Dubai eagerly helps those who want to participate in the growth of its economy. In addition to this Dubai has initiated a number of projects to increase its capacity in this regard.
Relaxations in taxes and duties
One of the most tempting benefit of starting a business in Dubai is its business friendly policies and regulations. Dubai has taken a number of steps to prevent businesses from double taxation. Moreover, it has lowest tax rates and minimal import duties in the region. There are a number of free trade zones throughout Dubai, where companies has to pay no taxes and import duties at all. That is why you will find a number of foreign investors opting for Dubai Silicon Oasis free zone company formation.
Strong consumer market
Dubai ranks high in the living standard index. Thus, it has a very large consumer market that creates countless opportunities for businesses. Moreover, being the hottest shopping destination of the region it provides most favourable environment for businesses. All of these factors helped Dubai in becoming a competitive market that allows equal opportunities to everyone.