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Dubai is currently a melting pot for business entrepreneurs and startup enthusiasts as we speak. Its culturally rooted diaspora, along with multitalented individuals and aspiring business enthusiasts, is an addition for people attracted to the city to make their dreams a reality.
If you are an aspiring entrepreneur waiting to establish your business in Dubai, then you’ve landed on the right page. It is the charm of the glittering skylines and ambitious people that make Dubai so irresistible. No matter what your entrepreneurial journey looks like, there’s space for everyone in Dubai.
Recently, the UAE government talked about investing more in all niche markets; AI and blockchain alone might see investments of about $100 billion by 2030. Beyond that, the e-commerce and fintech arenas are also projected to grow by approximately $9 billion by 2025.
Imagine tapping into that kind of market potential. Well, now you don’t only have to imagine; we have come up with some of the best entrepreneurial benefits you can enjoy in Dubai. Just read ahead!
Whoever said “research is secondary” clearly did not value the outcome enough. Research always comes first, especially when you talk about business. There is no beginning without doing proper market research, and this includes everything from location-based research to demand-based research and then suitability for a particular niche.
There are many things to consider when setting out on your entrepreneurial journey. Make sure, among all other things, that you study the related niches and the kind of support, mentorship, and collaborative network available for the same beforehand.
This will ensure that there are positive growth projections, which will help understand your market and deem you ready to bring in investors for the same. Below are some of the major benefits for entrepreneurs in Dubai.
The benefits of entrepreneurship in Dubai far outweigh any other city in the Middle East, and this is not even considering the 0% corporate tax applications in various free zones. The Jebel Ali Free Zone (JAFZA) is the largest free zone, housing approximately 7,000 global companies alone.
With such numbers, it is possible to estimate the kind of business potential that Dubai carries. It is no secret that entrepreneurs’ first choice of business setup is always mostly Dubai, but if you have the question of why, then the below points are going to clear it up for you!
The diaspora, diverse talent, and hunger for technological advancement are an understatement of the kind of attraction that Dubai pulls in from all corners of the world. If you’re thinking of trade roads between the East and the West, Dubai acts as a critical point in linking both.
The benefit of being an entrepreneur based in Dubai is that you might not have to see a day where business hits a bottom mark. With its global appeal and connectivity, Dubai is one of the best bases you can have, with good reach into international markets for business expansion.
With this kind of tax privilege and complete foreign ownership and control over your venture(s), the potential for business growth is unparalleled. No part of your profits earned goes into any kinds of tax payments whatsoever, and neither do you have to pay for any import or export duties for your business.
Which means that, wherever margins your business makes, you can funnel them back directly into the business. Unless your venture is centred around the oil and gas industry, you can rest assured that your entrepreneurship will be solid in the long run.
Dubai’s governmental policies are always aimed at smoothing out the business roads for better convenience and faster progress. Government policies are usually aimed at fostering and promoting innovation and technology, as well as entrepreneurship.
Dubai always aims at building strong business foundations; the focus is always on building collaborative opportunities and strong networks for all kinds of markets. Coupled with governmental policies, this means that entrepreneurs can now get better access to funding, other resources, mentorship, and overall support as well.
The infrastructure of any region tells its own story with regards to both work and personal life. This also means that there are increasingly better opportunities and avenues for MICE, which are continuously on the rise. MICE stand for Meetings, Incentives, Conferences, and Exhibitions.
When you’re an entrepreneur, there is no moving ahead without the right kind of collaboration and networking. With the kind of infrastructure that Dubai has, from celebratory parties to conferences, you can network to achieve your goals in any setting!
Disruptive technologies are probably one of the most anticipated events in business, no matter from which niche the disruption comes from. If you are someone who is into research and development, loves to take on challenges, and comes up with new ideas to solve them, then Dubai is the place for you.
The Dubai government places a lot of emphasis on science and technology and promotes the need for more technological progress. So, if your entrepreneurial venture’s primary focus is to regularly boost the market with brand new ideas and technology, you’ll be right at home in Dubai.
It is safe to say that perhaps Dubai is one of the most progressive and ambitious cities in the world. Most of that ambition comes from business and startup enthusiasts who wish to give things a try, as well as seasoned businessmen who want to work on another venture.
With one of the most promising market potentials, Dubai is no stranger to success stories, and when we talk about entrepreneurial journeys, Dubai may have some of the best support and investors in a line-up to collaborate and make progress a sooner reality.
If you are someone who shares similar sentiments about entrepreneurship, then you’ll fit right in Dubai.
There is no beginning to a business without the right kind of support and professional help. At CDA, we also exclusively help people begin their entrepreneurial journey.
If you are someone who is about to begin their entrepreneurial journey soon enough, all you need to do is get us on board with your plans and let us guide you throughout all the initial proceedings and formal requirements.
Sit back and use that precious time on deciding how to break into, or disrupt, the market while we get all your formalities done in no time and have you ready to launch your shop.
Curious about what our business setup procedures are like? Read this.
