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Dubai is a suitable investor-friendly location where the government is constantly bringing in initiatives to promote foreign investment in the region. UAE has a very business-friendly climate and political stability in order for smooth running and business setup in Dubai. Few of the notable initiatives by the government that shows how investor-friendly the country is: The government offers many accelerators and incubators to promote entrepreneurship in the UAE. Some of them are In5 Dubai, Technology Week, Future Accelerator programs, etc which allows businesses to engage and create a mentorship with industry thought leaders. This is a big relief to startups because getting a mentor can be quite difficult. Getting feedback on your idea from industry experts can be a great heads up for your startup. Other facilities the government offers is definitely the infrastructure. The roads and transport connectivity in the UAE are large and dense. It has many flyovers, bridges, metros, trams, monorail to make mobility faster, easier and efficient. There are huge logistics hubs that support the export and import of the country. The logistics network inside the city is fast and efficient suitable for trading and online delivery businesses. UAE government provides a 10-year golden residency visa to investors. This initiative was announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum- the Prime Minister and Ruler of Dubai. This golden residency visa is a 10-month visa that does not require any renewal if you are out of the country for more than 6 months. But it is subject to renewal after 10 years from the date of its issue. This initiative is to promote foreign investment in the UAE and also reward the existing investors who have been loyal to the country for its growth and development. The government also takes special care of small-medium enterprises in the UAE. They are given incentives on payment clearance with government projects, a cut down on insurance fees to protect the interest of businessmen. Lastly, the options which the Government provides to setup a business in Dubai. There are mainly three types of company formation in UAE. They are mainland company setup, offshore company setup, free zone company setup. All of them has amazing benefits. It allows you to tailor your business setup as per your needs. A mainland company setup allows you to choose from a wide range of activities, and operate from anywhere in the UAE and internationally. Whereas, a free zone gives you the benefit of ownership, i.e. 100% ownership on your business with 0% corporate and income tax. It is a tax haven for foreign investors. If you are interested to know more about the ins and outs of setting up a business in Dubai, contact business setup consultants to acquaint yourself with the business setup process in the UAE.
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