7 Reasons for Investing in Dubai
7 Reasons for Investing in DubaiUpdated on Wednesday 25th October 2017
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Dubai is a city that has taken advantage of its diversity, contrasts and geographical location. Having had a remarkable evolution over the years, today the city is an international business destination but it is also known as a cosmopolitan destination for shopping and entertainment. Dubai is appealing to foreign investors because it provides great access to important markets: Africa, Asia, the Middle East and also because it has great connectivity to other international business centers in Europe and America. Our lawyers in Dubai show you seven of the most important reasons for investing in Dubai:
1. No taxes
Dubai does not impose taxes on the income generated by companies, except for those operating in the oil and gas sector and branches of foreign banks.
2. A growing economy
The city has a fast growing economy and real estate market. Property investments in Dubai are allowed for foreigners under certain conditions.
3. Consistent development
The landscape of the city is constantly evolving and innovative ideas and projects for a better infrastructure are implemented. This contributes to Dubai attractiveness for property buyers.
4. Options for investments
Real estate investments are often preferred here but investors have a wide range of options to choose from. Consulting businesses, tourism and entertainment, retail and other sectors offer opportunities.
5. Special investment areas
Foreign investors have full foreign ownership capacity in one of the many Free Zones in Dubai. These special areas offer incentives, office and infrastructure options and tax exemptions.
6. A tourist center
Dubai is highly transited by tourists who are fascinated with how this city managed to become a jewel of the desert.
7. High standard of living
The costs for living in Dubai can vary according to the area. The public transportation system has high standards and rental costs vary across the city. Expats are welcomed here and many foreign companies that have opened a branch or a subsidiary hire foreign employees.
For a better understanding of the reasons why you should invest in Dubai, we invite you to watch the video below:
At our law firm in Dubai, we offer advice and counseling for foreign investors who are interested in setting up a business in the Emirates. Please contact us for more information and personalized advice.