Are you new to business or have some experience? Your response will mean a lot for your business. Probably you are willing to set up new business in Dubai, which is a good thing anyway. These days, Dubai is becoming a great place to do business. The enforcement of VAT is something that is working great for many. On one hand, it is letting governments earn a chunk from profits, whereas it is also helping businesses taking home a decent share. You should think about doing business indeed. Be a keen individual as it will help you become a great entrepreneur in years to come. Look forward to do business in one of the free zones of Dubai. A free zone is designed to help entrepreneurs get everything they want. For those of you who don’t know, a free zone is in fact an exclusive zone designed for different genres of business. It is the perfect place to be for any businessperson, including you.
Why choose a free zone?
Interestingly, Dubai offers a number of free zones to attract foreign investors. From information technology to media, healthcare to education, you can invest in any sector you want. For all you who are interested in knowing more about it, the free zones are specifically designed for foreign investors. However, it is not a rule of thumb, as local investors can also earn good chunks of money by doing business in these zones. It is important to note that business cost in Dubai is still cheaper when compared to other similar cities in the GCC region. And, it is way cheaper when compared to Europe and US. There is every reason to believe that Dubai is the ideal place for investing money. You get some of the best facilities in the world at a fraction of the cost.
If you know anything about finances and investments, you would know that every financer looks for security. If the region where he intends to invest, doesn’t offer adequate security and protection, the investor will flee in no time. Keeping that in mind, you will get all the security and safety in Dubai free zones. So much so that free zones remain exclusive zones for investors. The government facilitates them and ensures that they remain protected. They are not liable to pay taxes unlike investors in other zones.
With all that in mind, it is time to think about starting a business in UAE.