Why Is Dubai Becoming An Entrepreneurial Hub In 2022
Strategic Reasons That Make Dubai a Golden Destination
- Emerged as the Manufacturing and Trading Hub
A favoured destination for Cryptocurrency & Web3.0 Companies
- Focus on Growing Business Sectors
Sustainability and proactive measures to adopt new business sectors like fintech, start-ups, cloud kitchens and vertical farming has brought about a paradigm shift in Dubai’s business landscape.
- How they contained COVID
The most crucial factor new businesses are considering before moving their business internationally is how well the country was able to counteract the advanced onset of Covid-19 cases. When countries like Singapore, Canada, France, and the Netherlands struggled to contain their cases, the UAE was able to rebound faster.
- Haven of FTZs & Tax Incentive
Corporates are attracted to the tax holidays and the numerous Free Trade Zones in Dubai. In some cases, businesses can avail of Custom duty and VAT exemptions. All these benefits make it viable for businesses to set up their operations.
- Support to SMEs
- A Diversified Workforce
- Favourable Destination for FDI
- Future Prospects
- Current Trends of Employment in Dubai