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Dubai is a fascinating and magnificent emirate in Middle East. It has a lot of amazing things to offer tourists and visitors. There is a continuous development in the city and new developments are carried out regularly. If you have a plan to set up a business in Dubai, the city has made it very easy to do so. There is no better place to start a business and make profits than Dubai. This article will tell you all that you need to know about setting up a business in Dubai, as well as some benefits that you stand to enjoy by doing so.

There are several reasons behind this decision to establish your business in Dubai. Firstly, Dubai attracts huge foreign investment because of its strategic location and friendly business-friendly policies. Secondly, free zone companies in Dubai attract corporate headquarters from across the globe. Moreover, freezing companies in Dubai also provide numerous benefits to individual businessmen such as tax exemption, low labor expenses, reduced import duties, etc. These are basically the main driving forces behind those companies wanting to establish their operations in Dubai.

However, there are several other factors that contribute to making setting up a business in Dubai such a lucrative option. First and foremost, the free zones in Dubai attract large amounts of foreign workforce who are looking for a secure job and higher standard of living. These people enjoy all the luxuries offered in a home and are willing to work long hours and accept any risk, if offered. In addition, the infrastructure of Dubai is excellent and modern, making it an ideal location for setting up a business in Dubai.

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Setting up a Business in Dubai

The above mentioned benefits play a vital role in the success of setting up a business in Dubai, but there are many more factors that can help you succeed. If you are a businessman looking to start a new company, then you must consider obtaining a business license from the Dubai government. A business license gives you the legal right to run your business freely in the free zone. All the local and international laws that apply to individual citizens are applied to business operators and their employees. A business license holder is also able to buy, construct and own real estate and buildings.

Another major advantage to setting up a business in Dubai is that most of the local and foreign laws are also applied here. This makes free zones a safe haven for businesses from various nations. In addition, property laws are very lenient in the free zones and business owners do not have to worry about owning properties that they need to use for their company’s operations.

A third advantage to setting up a business in Dubai is that a local sponsor is always available to assist entrepreneurs in whatever ways he or she can. Whether you need funding, business advice or general guidance, the sponsor is the one to turn to. A local sponsor can also assist you in gaining local market share. Since most people setting up a business in Dubai have to pay a large sum of money as capital, the local sponsor can help you in meeting these payment obligations. He or she can even provide you with a line of credit to meet with your expanding business needs.

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Start a business in Dubai

Besides these advantages, you can enjoy several other perks when setting up a business in Dubai if you purchase an office space or property. For example, you can get an immediate final approval on your trade name application. The final approval can be as fast as 24 hours. Another office space or property advantage offered by the emirate is that it has very low real estate taxes and import duties. You can save a lot of money when purchasing property when you have an immediate final approval on your trade name application. If you want to expand your business, you need not pay any additional fee for a property appraisal.

On top of these benefits, you will also enjoy various incentives when you apply for a business license in Dubai, including free business registration, free equipment, and free services such as fax, free connection, and free rental payments for office space or property and so on. However, one of the biggest disadvantages of purchasing an office space in Dubai is that the free zones are limited to a few commercial projects only. Some of the companies offering office space in Dubai include DDA Companies, ACO Group, CCC Business Centre and the Dubai Exchange. When applying for free zone, you have to provide essential documents such as feasibility study, financial statements, business plan and project analysis to prove that you are a legitimate company. You may also have to undergo a background check and sometimes a security check.