The success of startups like Azuki and Curious Elephant, which began during the pandemic is not surprising. Because companies can flourish when the incentives from the government are as good as they are in Dubai. Let's take a look at some of the advantages and benefits like the government incentives that make Dubai the hub for starting your company.

Zero taxation

One of the best forms of support a company can receive is to be free from the hassles of taxation. Except for 5% VAT on certain business activities, Dubai offers absolute freedom from taxation of various kinds, whether it be corporate, personal or income tax. The companies enjoy a tax-free experience throughout their journey.

Advantageous geographical location. 

UAE is situated in the middle of the east and west. The location of the seaports and airports is smartly planned to improve connection. Hence, it notably affects the export, import and re-export as it works as a bridge between the north, south, east and west. 

Easy registration. 

The one helpful thing that happened due to Covid-19 reaching us is realizing the effect the virtual sphere will have on our businesses and personal life. Your employees could be anywhere in the world and they contribute their time and effort to your company without being physically present.  We have adapted to the current reality of virtual assistance and now it is easier than ever to start a business from around the world. Many government sectors have gone virtual and many private sectors too. Dubai mainland business set up is just a few clicks away for you. 

Dubai is utilising technology and it is moving towards being the digital hub of the world. It is the leading Emirates in using the most advanced digital facilities. It has taken many initiatives to provide the best internet services, healthcare and e-commerce. 

The infrastructure.

Dubai is known worldwide for its top-notch infrastructural facilities. This does not stay stagnant but keeps evolving into the best possible as time goes. This facility sure attracts a significant number of investors and business owners. Plus, Dubai has one of the best public transportation systems, telecommunication etc. With the ongoing world expo 2020 at Dubai, they amped up their work on infrastructure. 

The government incentives. 

Dubai has a very positive business outlook. There are various schemes and incentives that support businesses from the beginning stages. Starting a business in Dubai is much easier compared to other giant cities.

• Measures focused on startups

The UAE is helping small businesses to take off and grow by lending a helping hand during this tough time of the pandemic. Dubai collects a low fee from startups to help the company to prevent capital loss. Provides online registration for their company and convenient payment methods like monthly instalments. 

• Targeted economic support scheme

This was a primary support measure taken by the UAE government to help corporates during the hard times of Covid. All private sector companies affected by Covid received temporary relief from payment of interest and principal (in respect to the outstanding loans). There were measures taken through formal means to encourage employees for salary reduction and this helped in the growth of the low-cost business set up in Dubai. The regulations regarding employee transfer between free zones are relaxed. 

• Other various measures.

The government was refraining from evicting tenants who are unable to pay their rent during the Covid-19 pandemic. There was a 10% reduction in water and electricity bills and a 20% refund of customs fee on imported products sold in Dubai. Also, the security deposits and guarantees were refunded and fines for both companies and individuals got cancelled.

Inspiring management

The handling of Covid-19 by the leadership is commendable especially when it comes to the business sector. Business is always important to Dubai and with the proper leadership it has become the most successful modern city. Their vision for the future of the city made this possible. Dubai was the first among the Emirates to permit and motivate foreign ownership of stocks. 

Convenient political climate

Since its dawn in 1971, UAE saw a stable political climate which assisted in tremendous economic growth and development. Dubai has been prosperous and secure for decades. Among all other Emirates, Dubai is still the most successful in terms of economic growth and quality of life. The simple reason is its ideal political atmosphere created. Even when other Emirates faced political unrest, Dubai maintained its stability competently.  

Quality of life

Dubai is rich with diverse groups visiting and living. The people are living amongst multiple cultures, religions and communities, which helps to maintain a great relationship. The people of Dubai are interested in luxurious lifestyles. So, starting a business in Dubai will open doors for the best quality of life in the best city.

In conclusion, Dubai is proven to be the perfect place for business. The government takes initiatives to help businesses and various incentives are provided. Especially since the arrival of Covid-19, the government has taken various measures to ensure the businesses not only stay afloat but thrive. The resources and necessities Dubai offer has the potential to keep your business profitable even during a pandemic and of course, after it. There is so much space and motivation for innovative business decisions and you should make the most out of it by utilising the mainland business setups in Dubai. The best way to start a successful business in the UAE during the pandemic is to start it in Dubai.