It’s a well-recognised fact that the process of business setup in Dubai is highly ideal for foreign investors wishing to move into the emirate. Apart from a conducive business landscape, Dubai is known for providing foreigners with an amiable living and working environment. Being a dynamic business hub, foreign investors must know about the recent changes and reforms before moving into Dubai. Your shift to the emirate will become hassle-free if you consult with the best Business setup consultants in Dubai. Read ahead to know the top things you must know before moving to Dubai in 2022:
Dubai is a Strategic Location to Start a Business
The city’s strategic location is one of the top reasons why foreign investors are getting attracted to the landscape of business setup in Dubai. Dubai sits at a strategic crossroad connecting the East and West and North and South. Dubai serves as a natural bridge between producers, manufacturers and consumers of some of the world’s most consumed commodities. Moreover, Dubai is known around the world as the perfect gateway to the Middle East, Asia and Africa due to its stability, reliability and its low-risk environment. Business setup consultants in Dubai can advise foreign investors on how to tap these benefits.
Dubai is the Chosen Headquarters of Major Companies
Some of the largest corporate entities in the world have established their headquarters in Dubai, attracted by the emirate’s business-friendly outlook, strong regulatory framework, economic and social resilience, and a focus on innovation and technology. Moreover, Dubai’s seaports, airports and highways serve as active gateways into the region for commerce and tourism. This is also one of the key reasons Dubai is the chosen regional headquarters for 70 per cent of Fortune 500 companies.
You Can Get Multiple Residency Options
Being a resident in Dubai is key to live, working or starting a business in the emirate. Obtaining a UAE residence visa has become more flexible in recent times, with the government introducing a wide range of residence visa options. The most sought-after UAE Golden Visa offers a 10-year-long residency for investors, entrepreneurs, CEOs and managers subject to certain conditions. The Visa is also available to scientists & researchers, creative people in the field of art & culture, outstanding students, frontline heroes, humanitarian pioneers etc.
Green visas and retirement visas are other residency types creating a buzz among the foreigners who wish to move into Dubai in 2022. The UAE’s Green visa allows the holders to sponsor themselves, eliminating the need for a UAE national or employer to sponsor the visa. Freelancers, skilled employees and investors/partners are eligible to apply for a UAE Green Visa. The Retirement Visa allows individuals over the age of 55 to apply for a 5-year residence visa. Consult with business setup consultants in Dubai to obtain the latest residence visas.
Dubai is One of the Safest Cities in the World
Safety is one of the key parameters that attract investors into the landscape of business setup in Dubai. Every year the City ranks in the top 10 list of safest cities in the world, published by various organisations. Dubai was ranked 8 in the safest cities list published by the online database Numbeo in January 2022. The city was ranked third in the list of safest cities for Solo Women Travelers, published by the insurance website InsureMyTrip in February 2022. All these rankings attest to Dubai’s low crime rates, effective regulations and safer living environments. Foreign investors can move into Dubai with their families without fear about their safety.
You Can Start a Mainland Company Without a Local Partnership
Partnering with a UAE national is no longer a requirement to start a business in Dubai. Previously, foreign owners were entitled to only 49% of their mainland company’s shares while 51% went to the UAE nationals. As per the latest regulations of business setup in the UAE, foreign investors can start a mainland company with 100% ownership. The Department of Economic Development (DED) in Dubai has published a list of over 1000 activities that are eligible for 100% foreign ownership. If you want to check your proposed activity is on the list, consult with the best business setup consultants in Dubai.
Relocate with the Help of Business Setup Consultants in Dubai
Hopefully, this blog has enlightened you on the top things you must know before moving to Dubai to start a business. Initiating the process of business setup in Dubai can be rewarding for foreign investors due to the city’s status as a global business hub. However, you may require the assistance of business setup consultants in Dubai to navigate the licensing regulations, immigration laws and labour laws. Jitendra Business Consultants (JBC) offer the best business setup services in Dubai to make your move into the emirate hassle-free. JBC can help you with the visa requirements, document drafting, bank account opening and sponsoring of your family. We have a team of consultants whose knowledge of the UAE Immigration Laws and Labour Laws will make the process of company formation in Dubai easy for you.