Dubai has a thriving business life that is well known for its infrastructure throughout the world. It is an emerging global economy that holds great incentives for investors.
Business Life & Opportunities
Dubai is known for low interest rate that comes along with free zones and affordable labor. In case you are bothered about corporate and personal taxes, in Dubai you are free form such taxes. In terms of financial risk in investments, there is minimal risk that ensures comfortable international ventures. UAE is the heat land of oil and one of the richest producers and exporters of oil. In fact, in comparison of the world, UAE reserves 10% of the entire oil.
In Dubai, except accommodation, almost everything comes at a acceptable cost. This makes it an investor’s delight. Given the foreign trade policy of Dubai such as stable currency in comparison of foreign market, free zones and zero interference of the government in the local and international business makes Dubai an attractive package for all those foreign investors and business organizations that are planning to make a foray into the shores of Dubai. Its thriving international trade and favorable economy makes it a good investment venture for multinational organizations. This along with perfect infrastructure is an ominous sign for business opportunities in Dubai. In fact, Dubai sees a large migration of work force from various neighboring countries that come to Dubai in search of work.
Given the high value of Dubai currency, the competitive compensation makes Dubai a favorite work destination. Easy availability of work Visa and sponsorship by employers makes it easy for workers to enter Dubai. Over the past few decades, Dubai has seen some of the global players in the Dubai commercial market such as real estate, textile, chemicals and hospitality industry that have changed the face of Dubai. This has made Dubai a promising centre of economic exchange and commercial activity. If you are looking forward to join the Dubai business industry, you have the golden opportunity of availing plum projects and jobs.
Therefore, Dubai is one of the finest countries to stay and work as it provides ample growth opportunities and recreation facilities. Dubai is not only a hot and happening tourist spot but also a haven for business ventures. It is a paradise for investors and multinational companies across the world that come to the shores of Dubai seeking an open economy that has thriving international trade and stable economy. This makes UAE and Dubai a favorite of investors. However, apart from investors, Dubai has a shopping destination is an amazing place to rewind with family and friends.
Dubai is a cosmopolitan city with ultra modern features. It is strategically located between Asia and Europe and given its free trade zones. Its free trade zones are equipped with state of the art features such as world class business amenities, 100% ownership facilities by foreigners that too without any requirement of sponsorships. Some of the attractive features for investors include exemption from trade license as no legal taxes are charged by the government. In terms of industrial licensing, free trade zones provide you the benefit of nil taxation policy. Organizations that have a service license from the government of UAE can deal in contracting and banking services. In UAE, industrial manufactures are offered license according to their status, For instance are they local body, or a member of GCC of UAE.
Apart from oil and petroleum, real estate has become one of the most thriving sectors of Dubai economy. Given the burgeoning market of Dubai, various construction companies are making a foray into to the real estate industry of Dubai. Leasing one real estate is one of the lucrative business deals in Dubai. Given the foreign investment where big multinational companies such as Microsoft, Canon, Reuters, CNN and Mc-Graw-Hill are opening their branches in the free zones, real estate builders are basking in the glory of profit.