In
the past years, Dubai established itself as a melting pot of opportunities and
a renowned global hub for trade and business. That’s why the idea of setting up a business in Dubai exhibits the great potential to both foreign and local
investors.
There
are multiple factors why the city of Dubai has become a lucrative business the destination for startups and multi-national companies from across the world.
The booming tourism industry, numerous business-friendly communities as well as
relaxed rules and regulations for investors are some of the major reasons why company formation in Dubai is at its prime.
When
starting a business in Dubai, an investor should take into consideration the
dynamics between business activity and its location. It is important to choose
the right community or area where the business will reside. A business entity
in Dubai can be set-up either in a mainland company or free zone, depending on
the industry.
·
Mainland
Company –
These are businesses located or registered under a mainland contract. Normally,
it requires partnership with a UAE local, assigning 51% of its shares to the
local partner or with a local service agent with the investor having 100%
ownership of the business.
·
Free
Zone –
There are more than 45 free zones in the UAE. Companies in the free zone have
the benefit of zero tax, 100% foreign ownership, and full repatriation of
capital and profits. Also, Free zones are in a pre-defined geographical
location across the region.
Companies
in the real estate, advertising, e-commerce, consulting, recruitment, and food
are some of the most preferred business set-ups spread across various areas in
Dubai.
For
Mainland Company
·
Sheikh
Zayed Road –
Stretched across the centre of Dubai, Sheikh Zayed Road features the city’s
most iconic skyscrapers. It is home to several start-up companies and
multi-national industries located on both sides of its highways. World Trade
Centre and Emirates Towers are some of the most preferred destinations for
business set-ups in Sheikh Zayed Road.
·
Business
Bay – Taken from its name,
Business Bay is home to numerous business industries in Dubai. It is located
nearby Downtown Dubai, that’s why hospitality sectors and tourism-related
businesses are vibrant in this area. Also, the road network in Business Bay is
highly accessible and has a great connection throughout the city.
·
Deira
– The majority of
businesses in Deira are small and medium-sized enterprises or SMEs. It is home
to several jewelry shops, refreshment stands, and specialty stores to name a
few. This area has been very convenient for business setups as company registration in Dubai are becoming
easier and more straightforward.
·
Bur
Dubai –
Considered as one of the oldest areas in Dubai, Bur Dubai is known for its
textile industry and computer accessories business. This area is a preferred
address of Asian expatriates, in addition to a plethora of restaurants and
cafeterias.
For
Free Zone Company
·
Dubai
Airport Free Zone (DAFZA)
– This location is ideal for aviation, transportation, telecommunications,
logistics, electronics, and luxury good industries. DAFZA is highly praised for
its safety and security yet provides a conducive environment for various types
of business.
·
Dubai
Healthcare City (DHC)
– For healthcare services and facilities, Dubai Healthcare City is the perfect
place for this kind of business. The location is known for several clinics,
hospitals, and medical centres as well as home to thousands of licensed medical
professionals.
·
Dubai
International Financial Centre (DIFC) – DIFC is home to some of the major financial
institutions and multinational companies. Furthermore, as per the UAE’s
regulation, company registration in Dubai
have become more favourable for investors, making DIFC as one of the most
preferred destinations for local and international businesses.
·
Jebel
Ali Free Zone (JAFZA)
– Located in the far western end of Dubai, JAFZA is the world’s largest free
zone and an ideal location for manufacturing and trading businesses.
Keep
in mind that location is one of the most important factors when starting up a
business in Dubai. It is significant to identify the right area and its
demographics; this will help a business to reach target market properly and
achieve maximum profitability.
For
any kind of company registration in UAE, get in touch with our group of UAE
company formation advisories, consultants and legal experts.
Visit
us, call us, request a call or send us an email to book a free business setup
consultation.
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