DOING BUSINESS IN DUBAI

Located within the United Arab Emirates, Dubai is a not only a traveller’s paradise but also a growing business hub. Housing traveller’s delight like the Burj Khalifa, which is the tallest building in the world, Dubai continues to captivate travellers. This is also done with the objective to lure travellers so that Dubai can maintain the inflow of foreign cash into the economy. Travellers revel in the delightful shopping plazas and that is an attraction which fuels the economy of Dubai. In 2010, a survey found Dubai to be the 7^thmost visited city in the world. Reason enough for you to start thinking about doing business in Dubai.

By 2015, it is expected that Dubai will accommodate about 15 million tourists. With such factors that contribute to the development of Dubai’s economy, doing business in Dubai is a safe and rewarding proposition. If you think that shopping, travel and tourism are the only factors that can draw investors to the idyllic city of Dubai, think again. Another credential that Dubai can be proud of is being chosen the host of 2020 World Expo. In 150 years since the inception of the World Expo, it is the first time that a Middle Eastern country has been chosen to play host.  

 

Dubai bagged this opportunity to host the World Expo 2020 by ousting the bids from the likes of Turkey, Brazil, and Sao Paulo etc. The three rounds of voting by the delegates who belong to the 168-nation Bureau International des expositions in Paris, decided in favour of choosing Dubai as the next host. The authorities in Dubai have inkling that this could mean generating revenue of $ 23 billion between the years 2015 and 2021, and the cost of organising this event will be close to $ 8.4 billion. Doing business in Dubai never saw a more opportune moment.

 

If your heart is set on setting up a business in Dubai, you can take heart in the fact that Dubai is emerging as a commercial hub with the infrastructure you need for your business to gain a foothold.  For a multinational business, Dubai is a favoured location because of factors like a strategic location, nil corporate or personal income tax, and a value-added platform. If you are on the lookout of a city where doing business would mean easy access to markets in the countries of Central Asia, East Africa or the Middle East, Dubai is where you should consider setting your foot first. The cosmopolitan environment and business-centric ambiance aside, the combined GDP of $ 6.7 trillion, makes Dubai a destination to watch out for.