Are you planning to set up a Business Setup in Dubai, UAE from India? Let’s check why Dubai is the right business destination for Indian entrepreneurs. Read the article to know more about how can an Indian Start a Business in Dubai.
There are various business opportunities in Dubai for Indians and the city has become a popular destination for Indians to do business. Both the regions have had a long history of friendly cooperation. Millions of Indians have played a major role in Dubai’s economic growth and there is a staggering growth of investments in the region. The industries that are popular for Indian investors in Dubai are IT, manufacturing, transportation & logistics, food, energy, etc. The main factors that make Dubai a great business destination for the Indians are a liberal economic environment, political stability, and law-abiding culture. Let’s look at how Dubai fostered an attractive entrepreneurial environment.
UAE’s 9.8 million population is mostly concentrated in Dubai. The largest ethnic group (Approx. 60% of the population) in the UAE are South Asians and about 38% of them are Indians. The government and authorities have always been supportive of the economic development in the region. Ever since its formation, UAE has brought a radical change in the economic policies to build a free, transparent, and investor-friendly atmosphere. The UAE government and Dubai authorities have strived hard to create and maintain an image of Emirates as a land of economic opportunities and peaceful coexistence. Apart from that, the massive revenue which is gained from oil reserves is used as a leveraging tool to keep the tax structure simple.
Some of the Main Benefits of Setting up a Company in Dubai are
No corporate tax on companies
No income tax
No tax on remittance of dividends or royalties abroad.
Full profit repatriation, no restrictions on sending your money back home
Stable and reliable currency
Access to vast international markets
All these facts help Indian entrepreneurs transform their dream business into a reality. The government of Dubai has created a safe and transparent environment for Indian entrepreneurs and their families to lead happy and prosperous lives.
UAE is among the top 20 countries in the world, especially the best in the Gulf and Arab world when it comes to ease of doing business index. In the whole of the UAE region, Dubai is the perfect place for all the Indian investors who dream to make their presence felt in the world arena. With a highly diversified economy backed by world-class infrastructure facilities and political will, the country provides ample opportunities for entrepreneurs to invest and expand.
The strong cooperation between the two major economies creates sufficient business opportunities for both Indians and the people of Dubai. The Indian traders choose Dubai as a trading hub because of its convenient locations and trader-friendly Free Zones and warehouses. Global trading for Indian investors is facilitated by various seaports in the region and it has strong access to the major Asian, African, and European maritime routes. Experts say that trade between India and the UAE is estimated to reach $100 billion by the end of the year 2020.
Real estate, transport, automobile, IT, food processing, and energy sectors are the major sources of Indian FDI in UAE. Indians are the major contributors of FDI in the Emirates’ real estate sector, only second to local residents. The UAE and India’s partnership also includes start-up promotion, digitization, and other innovation-promoting initiatives. The most recent agreements for cooperation in various sectors between the two regions can be viewed as confidence boosting measure in the investment process.
Apart from the investment climate, one can say with conviction that Dubai is one of the safest cities in the world. A recent survey has shown that the majority of the residents in the region feel extremely safe even walking alone at night. Dubai has one of the highest standards of living in the world and the families of Indian entrepreneurs can easily get visas or buy a wide range of properties. The children can attend highly reputed schools and universities with access to top institutions from across the globe. There are numerous initiatives implemented by the UAE government to enhance career prospects and impart entrepreneurial spirit among the youth.
There is also an increasing focus on technology-driven startups in Dubai. The authorities are offering business licenses, office spaces, and access to funding to budding entrepreneurs easily. The government is actively encouraging companies in emerging technologies like blockchain, artificial intelligence, and digital transformations to set up the business in Dubai. The authorities think that these technologies not only contribute to the overall economic wellbeing of the region but also their solutions can be applied to help the local economy grow. These startups can bring changes to various sectors like e-commerce, logistics, retail, and construction.
The UAE powers its world-class infrastructure and amenities with its efficient electricity grid. These days, to reduce carbon emissions substantially, they are switching to nuclear, solar, and other renewables. A straightforward, hassle-free setup process, attractive business culture, and vast opportunity to tap into the Middle Eastern market make Dubai a great choice for budding entrepreneurs. Indian entrepreneurs could be looking at making considerably more money for the same output, given the UAE’s excellent tax structure. So if you’re considering setting up a company abroad, Dubai undoubtedly deserves to be on the top of the list.
Contact us if you you require any advice on starting a business in Dubai, UAE for Indians.