Ever wonder why Dubai is not just a playground for the rich and famous, but also a high-stakes arena for global business leaders? We’ve got insider insights that go beyond the typical ‘tax-free environment’ and ‘strategic location’ talk. Here are the top 5 ‘under-the-radar’ reasons why Dubai is the ultimate destination for business.
1. Virtual Company Licenses:
Did you know that Dubai offers virtual company licenses? This enables foreign business owners to manage their business in Dubai without residing in the UAE.
2. Repatriation of Capital and Profits:
While this may be somewhat known, the specifics aren’t. There’s no restriction on the foreign exchange of funds, enabling you to move your capital and profits out of Dubai without a hitch.
3. Intellectual Property Protections:
While the UAE might be perceived as a young country, it’s making massive strides in protecting patents, copyrights, and other forms of intellectual property, making it a safe haven for innovators.
4. Free Zone Arbitration:
Many of Dubai’s free zones offer unique legal benefits, including the possibility to resort to English-language common law arbitration, a comfort many Western business owners find appealing.
5. Sustainable Business Models:
With initiatives like ‘Dubai Clean Energy Strategy 2050’, the city encourages sustainable and clean business practices, offering perks and incentives to companies that align with this vision.
Ready to take your business to the next level in a city that’s far more than just glitz and glamour? Talk to us today about how Dubai Prime can help you set up your new company in the UAE.