It's no secret that Dubai provides numerous advantages to business owners, the most notable of which are 0% income tax and a central, strategic location. If you're wondering how to start a business in Dubai, Cmind has a tried-and-true process for getting your idea to market as soon as possible. There are numerous compelling reasons why thousands of entrepreneurs from all over the world flock to the UAE and Dubai to establish a business.
The major benefits are as follows:
Low taxation: The UAE proudly
boasts a 0% tax rate on both personal and corporate income. The only significant tax
to be aware of in the Emirates is VAT, which was implemented in January
2018 and is set at a flat 5%.
A thriving economy: The UAE has the Arab world's
second largest economy. With a GDP of around AED 692 billion, it ranks second only
to Saudi Arabia. It is as diverse as it is vast.
You can start a business in a variety of industries, including healthcare and
hospitality, as well as technology and trade.
High quality of life: The UAE ranked 23rd in the
Best Countries Index, trailing only Spain and Ireland but ahead of Portugal and
Greece.
Startup assistance: The UAE is home to numerous
startup incubators and funding initiatives aimed at accelerating business growth.
The future of business in Dubai appears to be very bright as well. According to the International Monetary Fund (IMF), the UAE is expected to lead Arabian Gulf economic growth this year, increasing by 2.5 %. This is significantly higher than the region's largest economy, Saudi Arabia, which is expected to grow at a rate of 0.4 %."
Ease of Business Setup
Recruit Expatriate Employees
No Taxation
More Than 30 Free Zones
Technological Advancements.
Top-Notch Infrastructure
Comfortable and Quality Lifestyle
Easy Visa Obtaining Process
Our network of government partners will expedite the process
