In the past few decades Dubai has emerged as the business hub of the Middle East. Situated at the strategic north-eastern region of the UAE Dubai has marked itself as one of the fastest-growing economies of the world with real estate, tourism, trade, and financial services contributing extensively to its GDP. It has attained the reputation of being the biggest trading hub in the U.A.E. and it is mainly due to the availability of outstanding business locations and a business friendly environment― ease of setting up businesses, supportive operating conditions, asset protection, limited liability, utmost privacy and large tax exemptions..
The factors behind such interest are :
Ease of Doing Business
Setting up a new business in any part of the U.A.E is easy and straightforward. Perhaps, this is the reason why U.A.E has been able to earn the 16th place on the Ease of Doing Business rankings given by the World Bank. If an entrepreneur has got all the required documents approved, then setting up a business in Dubai doesn’t take more than a week. These free zones permit complete foreign ownership, complete repatriation of profits earned in the course of business, and attractive tax exemptions.
The overall life in Dubai is comfortable. It hosts a large number of foreign residents belonging to various cultural backgrounds and it makes Dubai one of the most diversified cities in the world. Leading the world in real estate, housing facilities, educational institutions, and recreational activities, Dubai is one of the most preferred location to live, matched with its low crime rates in the world.