Many cities today enjoy having the attention of the international fraternity for one reason or another. Dubai enjoys attention not only from the business circles but also from the tourism industry as well. Many investors and businesses today are interested in having a business setup in Dubai. World today has become a global village and Dubai is making the most of this globalization process. It is a common sight to see people opting to go to Dubai whenever a plan of tourism comes forward. Dubai is making its name in many industries at once. The general perception is that Dubai relies on its oil assets for revenue formation. But according to the latest reports, Dubai only earns less than 5 % of its revenue from its oil assets. After tourism, their banking industry is also making name and waves in the international sector.
Dubai today is deemed as the 4th most visited city in the world after London, Paris and Bangkok. This signifies that Dubai is getting attention both because of its tourism industry and also because of the burgeoning presence and growth of several other industries in Dubai.
When a company looks for ways to spread its business across borders, there are several factors that are considered. They look for a feasible environment with flexible business conditions that will help in growth of the business. The free zones in Dubai serve as an ideal location for this purpose. These free zones are free from local laws and restrictions thus serving as an ideal place for business growth. They are also termed as tax free zones and that is one of the best advantages a company can have. Jebel Ali Free Zone commonly known as JAFZA is the most famous among the free zone. With an amazing growth rate of 6.1% in 2014, Dubai has again become one of the fastest growing economies in the world. Dubai has trade relations with multiple countries in the world which aids its economy. By 2014, Dubai’s largest trading partner was identified to be China followed by India and United States.
All these factors and more attract more and more business towards business set up in Dubai. And businesses and investors are often in need of guidance to branch out their businesses to Dubai. Global Integrated Services are a management consultancy firm that provides the service of company formation in Dubai to many clients. They offer a diverse panel of services that can help a company in setting the right foot in the business world of Dubai. Their services range from legal assistance to protection of intellectual property, corporate services, feasibility studies and more.
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