Dubai is a powerful and Financially stable Country. Starting a Small Business in Dubai can even provide benefits to foreign traders. Dubai Government has allowed foreign trader and investor even to open their business in Dubai. There are easy steps to get Small Business License Dubai to start a new business there that are by finalizing the business activities, name, and location where you are planning to startup. And, after that apply for the business licensing process through an application of license and appropriate visas.
Setting up a new business can make lots of profit that can provide benefits to the Dubai Government, local area citizens, and foreign investors.
The benefits of starting a small business in Dubai are:
• Tax-free – Dubai offers no taxation policy to start a business. You don’t have to pay any tax in terms of personal, corporate, or income, except for a certain business activity where you have to pay 5% VAT. Dubai has easy currency recovery methods as there are no restrictions on getting income on any currency.
• Technological upgrading – Dubai has more powerful technologies and new technology initiatives. This technology upgrade offers betterment for reducing traffic, providing the best internet services, health care services, e-commerce facilities, etc. These initiatives help in increasing opportunities to start-up businesses in Dubai with a more advanced digital market.
• Improves standard of living – Setting up a business in Dubai helps in improving the good quality of life and maintaining a comfortable lifestyle with learning many diverse cultures in this cultural community and religious place. Due to the freedom in trading and safety of running a business in Dubai, this is a good place to live in and a startup business that also improves the standard of living.
• Easy for Start-up – As investing and opening a new business anywhere requires a long procedural of getting a license. Applying for a Small business license in Dubai involves easy and small steps for the process of getting a license. There is a stable authority with a supportive Government. Licensing permission and registration for any type of business activity are simple and legally open.
• 100% ownership – As in opening other businesses or any company always a 49% of ownership and shareholding is held by the foreign investor and the other 51% of the shareholding is held by the local investors. But, in Dubai, foreign investors and traders on opening a business hold 100% ownership on their income. Also, There is 100% repatriation of capital and profits of their business.
