How to set up a business in Dubai?
Dubai’s growth has meant that employment opportunities in the state have also flourished, resulting in a thriving publishing industry. Major industries in Dubai include oil and gas, transportation and communication, information technology, and tourism. Therefore, this rapidly developing economy has given rise to a surplus of office space. Dubai is now the leading destination for international publications.
Notably, Dubai Marina is home to all the major international brands including Citibank, Daimler-Chrysler, Goldman Sachs, Hilton, Apple, Credit Suisse, Reebok and other prominent companies. The free zone is a planned economic development zone adjacent to Sharjah’s city center. This area has become a major center of business, finance and administration in the UAE.
The main industries in this planned zone are shipping, transportation, information technology, finance, chemicals, tourism, construction, and food processing. There are some industries that mainly have an interest in Sharjah; however, they are not the sole property of the Dubai authorities and have a separate legal system. These are the Sharjah Gold Market, owned exclusively by the Dubai Gold Association; Arabian Ranches, a real estate agency with activities in Sharjah and Abu Dhabi; and the Sharjah Free Zone, which is a commercial development within the free zone.
As part of efforts to attract more foreign investment to the city, a number of Sharjah companies are conducting business through their own company formation offices in the city’s free zone. The main advantage of doing business through a company formation office in Sharjah is that it simplifies the procedures related to company registration and company formation in Dubai. You don’t need to worry about any legal issues. The company formation office will take care of everything. You will only have to give them the details of your business and that’s it.
Do you want to establish a business in Dubai?
Dubai Publishing City offers various rental options. These include studio or one-bedroom apartments, luxury villas and fully furnished offices, which have all the necessary services for a working environment. If you want to run an entire publishing house from the same premises, you can also get space in the same location, which is available for rent. The Dubai license fee covers the operating cost of these offices.
However, it is necessary to mention that the fees are higher for Dubai publishers and offices than in other cities. This is because Sharjah is considered a high income city. This is a consequence of Dubai’s strategic location at the crossroads between Europe and Asia, its proximity to the United Arab Emirates and the city’s climate. Not surprisingly, Sharjah’s real estate market has become very active since the city began to attract a large number of international companies.
A property owner in Sharjah enjoys a number of benefits when choosing a property in Sharjah as an investment. This includes exemption from taxes on income derived from the property. Sharjah is also a safe city in terms of crime and security, thanks to the first free zone in the UAE. The freeze includes a variety of attractions such as the Sharjah International Airport, the Jumeirah waterfront, and the Arabian ranches. Besides this, there are no restrictions on a Sharjah property, when the owner does not live in the said area. A Sharjah property also comes with the freedom to relocate whenever the owner wishes, without facing any kind of penalty or restriction.