Thanks to strong policies, the UAE has created a benchmark for governance, making it one of the most secure countries to live and do business in the world. The visionary government of Dubai encourages all types of foreign investment. His Highness Mohammed bin Rashid Al Maktoum has spearheaded the economic transformation in Dubai, gearing the government towards providing various business opportunities to foreign investors from around the globe.
Whether your business succeeds or fails will be defined by the structure you choose for business registration in Dubai. The Limited Liability Company (LLC) is one of the most common structures while registering a Free Zone company is becoming increasingly popular among foreign investors. Opting for a Free Zone company allows you to maintain 100% foreign ownership in renowned Free Zones such as IFZA, MEYDAN, DMCC and more. The choice of the business structure is a crucial decision that can significantly impact the success of your business in Dubai.
Thanks to the immigration and labor policies implemented by the government, Dubai has a large and diverse labor market. The city is home to professionals from more than 200 nationalities, providing businesses with access to a pool of highly educated, experienced, and motivated talent. However, it’s worth noting that the UAE is a high-income country, which means you can expect to pay a premium for top talent.
The Currency Exchange Rate is Favorable. The UAE currency, the AED, has remained stable against major currencies in the world, including the USD, with currency rates largely unchanged since 1997. The exchange rates are favorable with most countries in the Arab World, Africa, Asia, and Europe. For nearly two decades, the currency has demonstrated relative stability.
The stability in the purchasing power of the AED and its strength against other currencies provide businesses in the UAE with leverage in global trade. Furthermore, the world-class banking industry in the UAE offers a competitive edge, enabling businesses to stay on top in their respective markets.
Dubai has one of the highest expat population growth rates in the world, with more than 80% of the population being expats. The city’s peaceful lifestyle, world-class facilities, and incredible tourist attractions make it a logical choice for relocation. Dubai is renowned for hosting major events, including the Expo 2020 Dubai, which creates numerous investment and job opportunities.
Expats living in Dubai can enjoy unmatched living standards and experience high return on investment on property, ranging between 10% and 15% per annum. The UAE has established global standards in education, offering prestigious institutions such as the University of Wollongong, American University of Dubai, and Manipal University. Overall, Dubai’s future is undeniably bright, making it an attractive destination for individuals looking for a prosperous and fulfilling life.
MARKEF can assist you in better understanding the local market and gearing up your business for growth and success. We provide comprehensive consultancy and support throughout the entire company formation process in Dubai, including services such as business and personal bank account opening, immigration support for you, your dependents, and employees, and much more.
With over 50 Free Zones, different corporate structures, and banking options to choose from, the decision-making process can be overwhelming. Our team is here to guide you and provide the expertise needed to navigate through these choices. Trust us to support you in establishing a successful business in Dubai while ensuring a smooth transition to your new life in this dynamic city.
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