Dubai is a great area to develop your business with a favourable tax climate, educated employees, access to financial and natural resources and trading possibilities. Due to the centrality and position of the city and its location, you may access over 1 billion prospective consumers in the nations of the Middle East, Asia, Eastern Europe and Africa. You can also benefit from more profitability with 0% company tax and a reduced cost of living.
In the last few years, the UAE has garnered considerable advertising money. The easy process for company formation UAE attracts many advertising firms.
In 2019, Euronews stated that during the last year, the world’s publicity in the MENA area has amounted to $579 billion, much of it in Dubai. Digital advertising represented about 50 billion dollars of advertising in the region was one of the areas that witnessed great investment.
When you want to set up a publicity agency in the UAE, the growth of brands as well as the strong presence on social media is crucial. Building up in the region might also assist you to better network with local companies.
Dubai declared its aim to be a clever city with technologies and the future as part of the Smart Dubai 2021 campaign. It is featured in the Smart Cities Index as the leading intelligent city in the MENA region. As such, it was a Mecca for many technology-based companies and boasts over 1,200 technology startups.
There are opportunities for a range of advances in IT and Web development, including online PR development, online marketing and online security app developing companies. Almost all sectors have business prospects based on the establishment of new technologies so that your concept can help you reach the market in front of stakeholders.
There is a significant need for financial services, including bookkeeping, accounting and auditing, with so many company prospects in the UAE. When you realize this, you may get a stake in the market, especially when you target small enterprises and startups so that you don’t compete with big multinational accounts enterprises in the region. Since the introduction of VAT in 2018, companies require aid in calculating and reporting the essential information. These services are more desirable.
Dubai is an excellent site for logistic operations with its world-class infrastructure and strategic position. Dubai is an essential node in the supply chain and considerable demand is placed on firms who can satisfy that need. In addition, transport services like transcity and local taxi services are required to serve both the city’s residents and tourists. Experts can assist with obtaining the permits and permission required to launch this company type.
Dubai is a popular location for tourists. In 2017 Dubai had 15,8 million visitors. With travel interruption at the beginning of 2020, a rise in the tourism business is predicted when lockdowns have been removed. Many people will continue to visit the historic area with its wonderful hotels, beaches and shopping centres so that the creation of a travel agency may be a profitability in the near future.
If you want to explore one of the business possibilities in the UAE remember Trademark Registration Dubai is essential for startups, New Horizons is always here to help. By providing a one-stop solution, encompassing visa support, PEO services and global recruiting, we help international firms expand into the UAE and other areas.