Those wise business individuals who open a Dubai company are positioning themselves for entry into one of the world’s most powerful, yet still growing economies. The first quarter of 2011 saw 3,224 new licenses issued by Dubai’s Department of Economic Development (DED), clear proof that private businesses are coming to life at a time when other nations’ economies are still reeling from global financial disruptions. Even more impressively, Commercial Permits totaled 14,503 in the same quarter, marking a 33% increase over Q4 2010. Smart business minds have seen the opportunity and are moving in.
And when you open a Dubai company now, you benefit from the 50.4% drop in the average price of residential property between Q3 2008 and Q3 2010. This data, reported by Colliers International, shows that not only is housing affordable, but office and business spaces are also highly attractive. Major construction projects are once again shaping the skyline. For instance, Tower shows that building back on track in Dubai, a clear sign that investor confidence has returned.
International research agency Economic Intelligence Unit recently noted that with so many factors in Dubai’s favor, those who open a company here will benefit from the region’s economic redirection. Dubai continues to attract financial services and business operations from neighboring regions seeking stability and growth. Free zones such as RAKEZ company setup, have also become appealing for investors looking for flexibility and cost-effective business registration options.
Open a Dubai Company
Still need more proof that you are making a wise move? In 2010, a year when travel declined globally, Dubai recorded a 15.6% increase in total passenger movement over 2009, with 47.6 million travelers through marine ports and Dubai International Airport. This demonstrates that both international and local business activities are expanding, showing strong signs of sustained economic growth.
When you open a Dubai company remotely, you gain access to the UAE’s most dynamic financial center without the need for physical presence. Dubai’s modern legal framework allows foreign investors to operate within or beyond its borders, providing options such as International Business Companies (IBCs) established under 2006 legislation. This flexibility makes Dubai one of the most investor-friendly destinations in the world.
With 0% tax in many situations, a strengthening economy, and rising real estate demand as Dubai needs homes, the emirate is primed for another decade of prosperity. All key indicators point to one conclusion — now is the time to work with a Dubai company formation expert who can guide you through the process and help you capitalize on this thriving business landscape
