Dubai is a financial metropolis that has undergone a revolutionary change over the past few decades. Known for its stunning skyscrapers, artificial islands, and luxury industry, Dubai has established itself as a leading metropolis. This success has been achieved through the positioning that Dubai has managed to adopt, attracting many investors and talents from all over the world.
There are many aspects that have contributed to Dubai’s success, here are some significant examples that have allowed it to quickly climb the rankings of the best financial metropolises.
Strategic location:
Located at the crossroads of Europe, Asia and Africa, Dubai has a privileged geographical location. This strategic location makes it a natural meeting place for international trade. These exchanges have been encouraged by the modern and solid infrastructure, a subject that Dubai considers very seriously and in which the city has invested heavily. Dubai International Airport, alongside Jebel Ali Port, are proof of the metropolis’ successful infrastructure.
Business-friendly regulations:
Dubai’s business-friendly regulations are one of the main reasons why the metropolis has grown rapidly in recent years. The regulatory framework is business friendly and provides a suitable environment for investment. Taxation, on the other hand, is very attractive. Access to capital is rather easy and regulations are quite flexible. Companies can also benefit from other advantages such as tax exemption. Not to mention that Dubai is committed to simplifying administrative procedures to make it easier for investors and entrepreneurs to do business, which is considered a major issue for foreign investors.
Inclusion of Islamic finance:
Strengthening Islamic finance is a very smart strategic move. As a global Islamic financial center, Dubai has developed expertise in supporting Shariah-compliant financial services. Islamic banks, finance companies and Islamic finance institutions see Dubai as a favorable environment to develop their financial activities. The inclusion of Islamic finance has enabled the Emirati metropolis to attract a significant market share in terms of investments from Muslim-majority countries, thereby strengthening Dubai’s position as a global financial hub.
Attractive Tax Benefits:
Dubai’s tax regime is very advantageous for employees, many experts confirm that it is the best tax regime in the world. A tax-free personal income means that employees can enjoy their income in full, which is very attractive to talent from abroad, who aim to accumulate their capital. In addition, Dubai also offers additional tax advantages, such as no taxes on dividends, interest or capital gains.
Within a few decades and thanks to an efficient strategy and smart investments, Dubai has managed to climb up the list of the world’s best financial metropolises, while attracting many large companies. With its innovative approach, Dubai is looking forward to greater success in the future and has the ambition to host more investments.
