UAE is a perfect place to start a business, compared to North Africa, the Middle East, and other countries in the world. Many free zones offer an excellent opportunity to start a business in Dubai. Besides this, more viable business activities due to its strategic location, low import duties, no taxes, and excellent infrastructure. It takes nearly eight days and several procedures to establish a company in Dubai, UAE. In this article, we have shown in detail the business environment of Dubai and why Dubai is the best place for business startups.
UAE has a significant reform, commercial disputes, and contract enforcement. But there may be some types of obstacles, but they can efficiently resolve issues with some effort and management strategies. UAE is the growing economy in the world. It is a fertile and promising ground for tremendous growth and quickly from startup businesses. Many investors consider the UAE a top place for business setup, and there are many reasons for this consideration.
There are 5 important and friendly Dubai spots for doing business-
1. Al Garhoud
Al Garhoud is a convenient location. It is a big draw for those looking for company formation in UAE.
2. Burj Khalifa
Burj Khalifa is part of Dubai city center, which is a significant tourist spot. The site has several luxury hotels, corporate offices, and upscale place to stay.
3. Oud AI Muteena
Oud Al Muteena is outside the residential neighborhood of Dubai, located close to the airport. New businesses in the area grew by 6.5% in 2020. This place is close to Dubai and Sharjah, making it ideal for tourists and business owners.
4. Trade Center
This place offers an excellent business location with a cost-effective business set.
5. Qud Metha
This family-friendly area saw an increase of 4.5% in new entrepreneurs—Metha Qud, known for commercial and entertainment complexes. There is plenty to do in the room with several restaurants, shops, and hotels around.
Together, five districts contributed 43.7 percent from 16,826 new business licenses issued in the first six months of 2020, according to Dubai’s economy statement on Saturday.