Dubai has long been considered quite an attractive destination. It is attractive practically for everything – for recreation, for entertainment, for work, for life and even for business. And this is justified – there are a lot of tourists, rich residents, a high standard of living and good prospects. If you have ever been to Dubai, you probably know how large-scale this area is and how you want to visit everything here at once! It may seem impossible, but we know how to save time while traveling and still experience the fullness of Dubai luxury. How about to rent a Ferrari in Dubai? Car rental services in Dubai are a very popular option for both tourists and locals. You will find an amazing selection of cars for rent for little money here. Save time, money and travel to Dubai in luxury with hiring cars!
Because of all this luxury it may seem that creating a business in Dubai is difficult. Let’s see what a person who wants to open a business in Dubai will have to face.
1. Free zones
You may know that in the United Arab Emirates there is such a thing as free zones. Such zones give an easy start to all novice businessmen, creating certain convenient conditions for them. In such zones, foreign investors can conduct business without the participation of a local partner. Here you will have the opportunity to enjoy preferential taxation, the absence of customs duties and restrictions on the export of capital, residence visas, and developed infrastructure. An important amendment was made at the end of 2020 in the UAE. The fact is that a new decree has been developed that removes long-standing restrictions on foreign ownership, including the requirement that local companies must be 51% owned by UAE citizens.
2. How to enter the market?
Business is a flexible concept. Before you open your own business, you need to decide on the scope. It is important to note that people who come from other countries often start businesses in real estate, manufacturing, trade and telecommunications. Perhaps this information can be useful for you. You may be surprised, but the UAE really lacks digital projects. There are large state IT projects in the Emirates, but at the same time there is not enough IT equipment for medium and small businesses. An unexpected statement for the UAE? It seems to us that this is a wonderful area that you can have time to occupy. We advise you to think!
3. What to do with recruitment?
The United Arab Emirates, and especially Dubai, is a real storehouse of professional specialists. The fact is that people from all over the world have been coming to Dubai for a long time to build a career here. A large number of educated people who want to work in their specialty makes it unnecessary to look for employees. You literally already have specialists! Trust me, you won’t have to search long.
4. Some Important Tips
Before opening a business in Dubai, it is important, of course, to calculate the business model and draw up a strategy. After all, Dubai is unique, it has its own business rules and legal laws. It is also important to find out exactly what documents and licenses you need. It is better to hire a lawyer for yourself and consult with him. Such an investment will definitely not be superfluous.
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This is some knowledge base that you need to have if you are going to open a business in the United Arab Emirates. The 21st century is a time of opportunity and attempts! Now is the time to try and build your future. If you have been dreaming of a business for a long time, we hope our article was a good sign for you. Good luck and prosperity to your future business! Be on the lookout!