Some Facts about Business in Dubai

Some years ago, Dubai used to be a place only for those who are willing to work in the oil and natural reserves sector. For quite some time, Dubai was roaring high on its success only because of the fortunes that came along with the huge oil and gas reserves in here, today, things have changed a lot. 

People no longer see Dubai as the luckier child anymore. The reason behind this is the fact that utilizing the fortunes from the oil and gas reserves, Dubai has worked really hard towards its growth and exceled in almost every domain of work. Today, approximately 21% of the economy of Dubai comes from real estate only and what used to be the sole driver of money here, oil & gas, has been brought down to a mere 6%.

To start a business in Dubai was never easy few years back. Things changed gradually and with the flexibility that the government officials show here, towards the people who come from some other countries, are commendable. This is the major reason why there are almost 80% immigrants out of the total population in Dubai. The biggest reason for this is setting up free zones in Dubai.

Free zones are the areas which are meant for the people from other countries only. These are specially economized zones which are very beneficial when it comes to saving tax and money. People do not have to pay any corporate taxes in this zone sand the tariff laws also are very friendly. Just imagine a life in which you are running a business and the government is no there to suck every juice that you have earned; unbelievable, right?

This is the main reason why almost every other international giant is looking for space to set up a business in Dubai. Everyone is making big in here and all I want is for those who have dreams in their eyes, start to look out for options to move out of their base countries and lead a life that is stress free. No other city has the caliber, or rather, the guts to afford this much flexibility.

So many of our friends have been benefited by the fact that their incomes are all theirs, so, grab an opportunity to lead a way that is full of shining. Company establishment in Dubai is not that difficult, provided that you know the basics to deal in here. Never get engaged in the never ending loops of promises and false commitments available online. There are three kinds of licenses that are required for separate needs of the business and full functionality.

Professional license is for those who have their corporates sitting up in these free zones. To start a corporate business, you require this license.

Commercial license is for those who are engaged in a business of the sort of import and export while the industrial license is for those who want to set up an entire industry in this zone.

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