Dubai, the largest city in the United Arab Emirates, is known as an entertainment playground and a thriving business hub. It is a pioneer in smart city adoption and making it easier for businesses to thrive in accordance with the fourth industrial revolution. With the technology, infrastructure, and opportunities available to you, you can grow your business in Dubai and expand in the marketplace.
Business growth in Dubai
Dubai is an emerging market and a growing economy. It also encourages foreign investment and business diversification, making it a popular market for companies looking to grow. In fact, the predominant companies are SMEs and many new companies are registered every year.
The companies are supported by the government, which has liberal trade policies, friendly fiscal policies, and a strong flow of capital. As Dubai and the Middle East, in general, seek to diversify their markets beyond oil trading, some of the other main industries are tourism, aluminum materials and products, and fashion.
In terms of location, Dubai’s Jebel Ali port is a gateway for business between Africa, the Middle East, Europe, and the Asia Pacific countries. It is a busy maritime port that is located in the Jebel Ali Free Trade Zone. those passing through this port include cement, PVC, flour, clothing, and food (fish, meat, and dairy products). In addition to this busy port, Dubai is also home to one of the world’s leading airlines. The port of Jebel Ali offers opportunities for any company that wants to use Dubai’s geographic location as a gateway to Asia and Africa.
From a demographic point of view, Dubai has an incredibly diverse population that represents a large number of foreigners of various nationalities from different parts of the world. English is widely spoken and the growth of industries coincides with the growth of the city. For example, all activities related to the development of this cosmopolitan city are popular, including construction, engineering, and consumer goods production, but also a large number of service providers in the region whose expertise lies in business development, finance, education, and electronic health services. IT (software and hardware technologies), electronics, and tourism
Expand your business to Dubai and the United Arab Emirates
As Dubai is known for both business and leisure travelers, it is a popular destination for MICE (Meetings, Incentives, Conferences, and Exhibitions). This has contributed to the development of the city’s economic and tourism sectors, which is why hosting and participating in these events is important for the network. König is important for growth in this region as corporate relationships can be very useful and valuable to companies. If you’re not sure where to start, this is a good starting point for exposure.
Dubai has “Free Zones”, areas in which foreign companies can operate with full ownership of the company without having to pay income tax. There are restrictions on this, companies can only operate in this particular location. depending on the type of business and the activity carried out. Each zone has its own compliance procedures and associated costs. The other way to expand in Dubai is to apply for a continental license which will allow you to operate anywhere in the world. however you choose, you must adhere to certain tax policies.
