Over the last few decades, Dubai has become one of the most attractive destinations for entrepreneurs and professionals looking to work internationally. The combination of tax advantages, a growing economy and a first-class infrastructure makes Dubai a hotspot for self-employed people and companies from all over the world. This article highlights the key benefits of emigrating to Dubai and setting up a company in this dynamic metropolis.

1. Tax advantages

One of the biggest incentives for entrepreneurs in Dubai is the favorable tax policy. There is no income tax for individuals, and companies are exempt from corporate tax up to a certain turnover. From June 2023, a corporate tax of 9 % has been introduced, but only applies to profits above AED 375,000 (approx. EUR 94,000). Dubai therefore remains an attractive tax location for many companies.

2. Economic stability and growth

The United Arab Emirates, to which Dubai belongs, have a stable political and economic situation. This stability encourages foreign investment and creates a safe environment for entrepreneurs. Dubai has managed to move away from its dependence on oil and develop a diverse economic system supported by sectors such as tourism, real estate, trade and technology. For international companies, this offers numerous opportunities for expansion.

3. Strategic location

Dubai is ideally located between Europe, Asia and Africa, making it a hub for international trade. The geographical location allows companies to efficiently serve global markets and utilize fast trade routes. For entrepreneurs looking to operate in different regions, Dubai offers an invaluable advantage.

4. Simple foundation process

Starting a business in Dubai is straightforward compared to many other countries. Free trade zones such as the International Free Zone Authority (IFZA) or the Dubai Multi Commodities Center (DMCC) offer foreign investors the opportunity to establish a company with 100 % of foreign ownership. In addition, cooperation with specialized consulting firms such as SetupCoto facilitate the entire process. They support entrepreneurs from applying for licenses to choosing the right legal form.

5. First-class infrastructure

Dubai has one of the most modern infrastructures in the world. It offers advanced communication networks, state-of-the-art office buildings, efficient transportation options and first-class airports. This infrastructure is crucial for entrepreneurs to conduct business effectively and professionally.

6. Multicultural environment and networking opportunities

Dubai is a multicultural city where people from over 200 nations live and work. This offers entrepreneurs the opportunity to network with business partners from all over the world and tap into new international markets. In the free trade zones and co-working spaces, there are numerous opportunities to make valuable contacts and exchange ideas with like-minded people.

7. Quality of life and safety

In addition to the economic benefits, Dubai also offers a high quality of life. The city is known for its first-class residential developments, high-quality schools and health services as well as a wide range of leisure activities. The crime rate is low and the city is considered one of the safest in the world. Entrepreneurs can not only work successfully here, but also enjoy a luxurious lifestyle.

8. Access to skilled workers

Dubai attracts talent from all over the world. The labor market is well developed and many highly skilled professionals from various industries are moving to Dubai to work. For entrepreneurs, this means easy access to the skilled personnel needed to build a successful business.

Dubai offers a unique combination of tax advantages, economic stability, excellent infrastructure and a cosmopolitan lifestyle. The city is ideal for entrepreneurs looking to expand globally while operating in a business-friendly environment. With the support of SetupCo the entire process of setting up a company is significantly simplified, from applying for the right licenses to finding a suitable location.

Dubai offers an exciting opportunity for entrepreneurs looking for new challenges and growth potential.