Have you always dreamed of having a flexible working schedule without a boss to report to and yet still earn your target income? If you are planning a Dubai business setup this 2019, then you are one step away from making your dreams come true.
Here are the 6 reasons why this emirate is the best place and this year is the best time to put your best foot forward when it comes to your entrepreneurial mission.
1. Enjoy the Benefits of Dubai Being a Key Commercial Capital
As the commercial capital of the UAE, Dubai serves as the main hub for business investment among other Arab countries. It draws a huge number of local and foreign investors annually enabling it to boost the country’s economic status.
2. Use the Plans for Foreign Investment to Your Advantage
According to reports, the Dubai Foreign Direct Investment (FDI) will further boost foreign investments this year. The government agency plays an important role by fostering investment opportunities and reinforcing its existing partnerships with key global cities. As a result, foreign investment projects worth AED 17.76 billion was established in the emirate in the first half of last year. Dubai FDI plans the same this year, so businessmen are advised to take advantage of this wonderful opportunity.
3. Growth in the Non-Oil Sector Means Increased Earning Potential
In accordance with a recent report published by Emirates NBD, the total output of the non-oil industry skyrocketed for the 34th successive month in December last year. Industries such as retail, trading, construction, and travel and tourism have shown progress over the course of the months. Hence, these are just some of the most ideal sectors to consider for your Dubai business setup.
4. Real Estate Never Goes Out of Style
It is anticipated that investors will make a huge investment in the real estate industry this year and in 2020. As per a news report, Dubai Land Department (DLD) has recently received a delegation from the USA with 150 real estate agents and 11 investors from private and government institutions aiming for investment opportunities in the emirate.
5. Bask in Less Restrictions and Simple Administration in Dubai Business Setup
This year, choosing mainland jurisdiction is also ideal as it will provide more scope to Dubai business setup. Moreover, establishing a company in the emirate’s mainland will enable you to enjoy a faster, easier, and less restrictive administrative process.
6. More Plans Expected for 2020
The Dubai Government is eyeing huge, lucrative, and business-friendly plans for 2020. Therefore, a business startup this year is a great decision as it will prepare you for the great things that the next year has in store.
Expo 2020 is a much-awaited event and will play a significant contribution to Dubai’s economy. By establishing a business in this emirate this year, you will be able to gear up for the amazing opportunities that await next year.
To ensure your success, it pays to search for reputable and reliable business setup consultants in Dubai who can guide you in every step of the way. Keep in mind that knowledge is power.