In Q1 2024, a remarkable influx of businesses from India (4,351), Pakistan (2,222) and Egypt (1,404) joined the Dubai Chamber of Commerce[1].
This trend underscores Dubai’s growing reputation as a premier global business hub. Key sectors attracting these businesses include trade and services, real estate, renting and business services, construction, and transport, storage, and communications.
Why Set Up in the UAE?
Dubai offers several compelling advantages for businesses:
- Strategic Location: Dubai’s position as a gateway between the East and West, provides unparalleled access to markets in Asia, Europe, and Africa.
- Business-friendly Environment: The UAE’s regulatory framework is highly favorable, with ease of doing business, numerous free zones allowing 100% foreign ownership and no foreign exchange control.
- World-class Infrastructure: The region boasts state-of-the-art infrastructure, including advanced logistics, telecommunications, and transport networks.
- Favourable Tax Benefits: The UAE offers attractive tax incentives, making it a cost-effective location for businesses.
- Quality of Life: High living standards, safety, and a multicultural environment attract international talent, which is crucial for business growth and innovation.
JurisTax Services in Dubai
For businesses looking to establish themselves in Dubai, JurisTax offers comprehensive services tailored to the MENA region through our offices in DIFC and Ras Al Khaimah. Our services include:
- Setting Up of Mainland LLCs, Free Zone Companies and Offshore Companies in UAE
- Bank Account Opening
- Residency Visa/Golden Visa Application
- Monthly, Quarterly and Yearly Accounting and Financial Statements
- Quarterly VAT Computation and Filings
- Corporate Tax Computation and Filings
- Company Secretarial and Administrative Support
- ESR Classification and Reporting Support
- Attestation And Documents Clearing
- Facilitation And Conciergerie
- Bank Signatories
- Nominee Services
Dubai’s strategic advantages and business-friendly policies continue to attract a diverse array of companies, with Indian, Pakistani and Egyptian businesses leading the charge. For those considering setting up in the UAE, leveraging the expertise of JurisTax can provide a seamless transition and robust support in navigating the local market. Dubai’s position as a global business hub is not just a trend but a testament to its enduring appeal and strategic importance.
For more information on setting up your business in Dubai and how JurisTax can assist, please visit our website: https://www.juristax.com/ or contact us on contact@juristax.com
[1] https://economymiddleeast.com/news/4351-new-indian-companies-join-dubai-chamber-of-commerce-in-q1-2024/