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5 Things That Define The Dubai Business Environment - 10 Leaves

The Article explains about the factors that will makes a crucial role for the business in dubai or for setting up the companies in dubai.

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5 Things That Define The Dubai Business Environment - 10 Leaves

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  1. 5 Things That Define The Dubai Business Environment- 10 Leaves The city that never sleeps? It’s not New York anymore. This time around, Dubai and the UAE can give the Big Apple a run for the money. It has established itself as a strong business hub that helps facilitate setting up a presence in the Middle East region, and is home to many nationalities. Companies in Dubai can rely on a multitude of benefits to leverage their position in the region and around the world. However, choosing to set up in a foreign country can seem daunting—especially if you’re just starting out in the business sector. You’ll need to go for a location that has a lot of talent, infrastructure, and allowance for your budding business. If you ever find yourself in a bind, consider setting up your business in Dubai. The emirate has a vibrant business landscape that offers many benefits to foreign investors, and is still actively finding ways to help sweeten the deal. Here are five reasons you should consider setting up your business in Dubai. 1. Environmental Stability: The UAE was founded in the year 1971—and since then; it has maintained a degree of social and political stability that is unequalled in the region. This is due to the implementation of consistently sound economic policies as well as the strict monitoring of the country’s social structure to produce one of the world’s most tolerant, secure, and prosperous societies. Dubai and Abu Dhabi, specifically, have been ranked as the top two cities in the Middle East region for quality of life, and their portfolio of businessmen who have chosen to set up within the cities include a wide range of MNCs from around the world. 2. Tax Efficiency: The country has over forty-nine special economic zones focused on certain industries and they all offer 100 per cent foreign ownership, repatriation of profit and capital and exemptions from taxes. In the mainland, investors can rely on a wide range of incentives as well as strong corporate governance provisions that enforce transparency and accountability. Furthermore, the UAE has signed double taxation treaties with over ninety-two countries around the world. Double taxation treaties remove the hassle of being levied by two or more jurisdictions on the same declared income, asset, or financial transactions. 3. Access to Growth Regions:

  2. The UAE is strategically located in the middle of three key growth regions: Asia, Europe, and Africa. It is also in close proximity to many of the world’s fastest-growing Asian economies. It maintains close relations with India and China, two countries that comprise almost 40 percent of the world’s total population and support a combined GDP above UD% trillion. The UAE is linked to significant economic and trading opportunities. 4. Infrastructure: The UAE’s infrastructure is second to none. Teleportation, telecommunications, and internet access is equal to, if not better, than some of the world’s largest international business hubs. Many of the business hubs are connected to the Sheikh Zayed Road, a major road vein that connects several of the emirates together. The road network is constantly being upgraded with tech enhancements that ensure road safety and accessibility, while the country’s ports and airports maintain world-class standards for travel and logistics. 5. Cultural Diversity: The UAE is home to more than two hundred nationalities—a true melting pot of cultures from around the globe. Professionals from a wide variety of backgrounds converge to power a strong labour market as well as a big space for innovation and development. The UAE is definitely one of the best countries to set up your business. Business in Dubai, specifically, has a strong track record of success, stability and foreign investment; and remains to be one of the most popular cities for entrepreneurs. There are many places you can choose to set up your business in Dubai. Your final location should be able to satisfy all your requirements. It is recommended that you find a company formation expert to help you make the most out of your decision, and help you gain leverage in terms of business against other companies in Dubai.

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