Dubai is the unofficial hub of business in today’s world. There are many businesses that have already developed their foot in the business scenario of Dubai. And many others have established basis in Dubai. Business expansion is a phenomenon that is ongoing and widely popular in the business circles. Technology has made this process easier and accessible. So many companies today want to test new waters and try out innovative services and products that might serve as a new area of work for them. This process of business expansion has made many businesses consider places that have good conditions to promote their business. Dubai and specifically its free zones are the ideal places for business transition or business start up. According to World Bank’s doing business index U.A.E is one of the emerging powers where business is easier and approachable. All these factors make Dubai an attractive place and hence many businesses today are interested in having business setup in Dubai.
Among the free zones in Dubai, the most famous one is Jebel Ali Free zone. These free zones are free from local laws and restrictions to fully allow a company to settle in and make profits. Duty Tax in Dubai is less than 4 % and is considered zero when the goods are for use in the free zone.
Dubai has one of the fastest growing economies in the world. In 2014 there growth rate was more than 6%. After the recession in 2008-09, they build the economy up quickly. Unlike the popular notion, the city is not entirely dependent on the oil reserves to generate revenues.
Dubai has become the world's third largest diamond trading hub, with trade of rough and cut diamonds increasing since 2001. The emirate’s diamond trade was virtually nonexistent at the beginning of the 2000s, but was worth nearly $35 billion in 2013 and 2014.
All these factors make several companies belonging to different industries interested in having business set up in Dubai. Global Integrated Services are a management consultancy firm that has helped several clients with company formation in Dubai. They also operate in other states of U.A.E & in GCC countries as well. The firm offers a wide variety of services that can easily help and guide a company with business transition in Dubai.
No comments:
Post a Comment