Is Dubai good for startups ?
In today’s world Dubai is in every sense suitable for those who want to start business start-ups. Perhaps, no other country in the world offers so much to foreign investors’ and expatriates. The UAE government, including Dubai, has been extremely generous to those who want to start a business start-up there. The UAE government is working to make Dubai, the largest business empire in the world. The main attraction for foreign investors and expatriates to start business start-ups in Dubai is the huge tax breaks allowed by the UAE government. Apart from this, there are many other benefits as well. Now, the UAE is emerging as a ‘start-up and investment hub ‘in the field of global entrepreneurship. Foreign investors are flocking to Dubai from all over the world, including India. In other words, Dubai is an investor’s paradise. Dubai has surpassed old and well established start-up eco systems such as New York and Tokyo by five/five income tax core in the Startup City Index rankings.
Business in the UAE has turned many expatriates from different countries in to successful entrepreneurs. The UAE government is arguably the most respected investor-friendly government in the world. It is not difficult for any investor to understand that Dubai, Abu Dhabi and other emirates in the country are fertile for business growth and development. There are a few things to keep in mind when starting the business start-ups in Dubai. The first thing they need to do is try it with the help of a trusted business set up consultancy in Dubai, it is not wise to try to start a business start-up on your own. Business set up consultants have a positive influence on all government departments in the UAE, including Dubai. They can communicate well in the local language Arabic, Urdu and Hindi. Business start-ups can start a business anywhere in the UAE (including Dubai) with their help, if they pay a fee that qualifies for business set-up consultancy.
Dubai is always the place for those who want to get rich quick. Business start-ups are required to comply with all regulations and directives of the UAE Government. As the fastest growing financial hub in the UAE, Dubai is an ideal place to set up a business. Due to its investor friendly environment, low tax policies an ease of doing business, the region has become one of the most important business centers in the Middle East. In Dubai, the UAE government allows foreign investors, three main categories like Mainland, Free Zone and Offshore. Each sector including the mainland has its own set of UAE government terms and conditions.
Undoubtedly, Dubai is probably the best place in the world for your start-up business. The Dubai business sector is receiving good support from the UAE government to instill confidence in any business owner. The business environment in Dubai is contributed by various factors. Entrepreneurs and start-ups, with the support of government and semi-government agencies, are turning the city in to a hub of innovation. No wonder Dubai is attractive to entrepreneurs and high growth start-ups, as it is a business hub that invigorates the mind.
Many people with good experience in the US are now coming to Dubai to start business start-ups. many of them are returning from innovation hubs like Silicon Valley that bring in knowledge, experience and capital to invest in new businesses, and Dubai sees an increasing number of such people. Anyway, at present, there are investors from all over the world to start business start ups in Dubai.
Bizvise is one of the leading business setup consultants in the UAE, having influence on government departments.