Dubai South free zone is now on the radar of the world as it’s the venue of the ongoing Expo 2020 event. Being at the centre of the world’s attention has also helped to reshape the landscape of business setup in Dubai South free zone. Apart from being a free zone, Dubai South is one of the fastest-growing urban developments in Dubai. The impact of Expo 2020 has spurred demand for company formation in the free zone as well as the real estate projects in Dubai South.
After the Expo, more than 700 new companies have set up businesses in Dubai South. The total number of companies operating in the free zone has reached 4600, owing to the Expo effect. The free zone has also succeeded in selling out its major flagship real estate projects after Expo 2020 commenced. Since Dubai South is in great demand, it’s time to analyse what the free zone has in store for foreign investors.
Business set up consultants in Dubai can offer you more insights on this. In the meantime, let’s check out some key information through this blog:
Close to Expo 2020
Millions of dollars have been spent by the UAE government for development activities ever since Dubai won the chance to host Expo 2020. Dubai South is one of the biggest recipients of the fund allocations by the government. As a result, the area around the Expo venue, including Dubai South, has undergone significant development.
Now, Dubai South is one of the most developed areas in the UAE thanks to the mega event. By setting up a business in Dubai South, you can leverage these developments for the growth of your business. Talk to the best business setup consultants in Dubai to make the best of Expo 2020.
Benefit from the Legacy of Expo 2020
Some entrepreneurs may be sceptical about the benefits offered by Expo 2020 to Dubai South companies as the event will conclude on 31st March 2022. However, once Expo 2020 ends the venue will be repurposed to offer business set up opportunities for startups. The Expo venue within Dubai South free zone will be known as District 2020 after March 31. More than 80 startups will be nurtured as part of an initiative called ‘Scale2Dubai’. The scheme will offer flexible rent options and visa assistance to facilitate a smooth process of business setup in Dubai.
The New Centre of Dubai
The process of business set up in Dubai South offers the investors a premium address at the flagship development. Dubai South is positioned to be at the centre of Dubai’s long-term development as the city starts expanding inland. As urban development, Dubai South is designed as a city within a city capable of supporting over 1 million residents and creating 500,000 jobs. If you wish to have a premium address at the centre of Dubai’s future development plans, consider opening a company in Dubai South. Don’t bother about the legal requirements as business setup consultants in Dubai can assist you.
Proximity to Al Maktoum International Airport
Al Maktoum International Airport is dubbed as one of the strongest contributors to Dubai South’s development. Setting up a company close to the Al Maktoum International Airport is critical for entrepreneurs as it’s expected to become the world’s largest airport by passenger traffic. When fully operational, Al Maktoum Airport is likely to have more than 200 million expected travellers serviced annually. Proximity to the airport is critical to ensure excellent connectivity while doing business in Dubai, especially for trading, import/export activities or business travels.
The Centre of E-commerce Industry in Dubai
The environment of business setup in Dubai South is favourable for e-commerce companies due to the presence of an e-commerce zone within the free zone. Dubai South is poised to become the centre of the e-commerce industry as it has a dedicated e-commerce zone called EZDubai. Located within Dubai South’s logistics district, EZDubai is a comprehensive e-commerce ecosystem capable of enabling both B2B and B2C fulfilment. Launched in 2019, EZDubai spreads across 920,000 square metres and boasts world-class real estate offerings, such as build-to-suit developments purpose-built warehouses and offices with flexible lease terms.
Consult with Best Business Setup Consultants in Dubai, UAE
The landscape of business setup in Dubai South has become more attractive after Expo 2020. Even after the conclusion of the Expo, businesses will benefit from the legacy of the event. Hence it makes business sense to set up a business in Dubai South to take advantage of the Expo and other benefits such as excellent connectivity, e-commerce fulfilment etc. Business setup consultants in Dubai, such as Jitendra Business Consultants, can help you leverage the benefits easily. JBC has a team of highly qualified business setup advisers well-versed in UAE immigration laws and labour laws. We can assist you by providing advice on key requirements such as applying for a UAE Residency Visa, opening a bank account and meeting compliance requirements such as ESR, UBO and AML-CFT. JBC also provide corporate finance services and consultation on UAE corporate tax.