It took no one by surprise when Dubai's boom bubble burst right after the global recession kicked into full gear. The actual estate and construction industries, of among Dubai's primary economic contributors for quite a while, suddenly found themselves in a https://ae.doctoruna.com/en/dubai/urologist dire situation. Businesses went bankrupt and expatriates were quick to leave before things became unbearable.

But, which was in 2008 and early 2009. How is Dubai's business environment now? Are investors still searching for the silver lining in this gray cloud? Can the rest of the entrepreneurs still make it work? What can you do if it were you who had a company in Dubai?

Let's take some very interesting facts into consideration, before we go creating opinions and deducing.

1. Dubai continues to be the greatest trading port connecting the world's East and West.

Though some industries went crashing down, the trading sector in Dubai never waived in its strength. Between the early months of 2008 and mid 2009, trading was exactly like it absolutely was during the booming years. Many investors from countries such as for example Japan, Kuwait, India, Singapore, Germany and Spain continued to use for new trading licenses in Dubai. Have they suffered during the recession? Apparently not, because the contribution from the trading sector in 2009 has far exceeded expectations.

2. Professional practices in Dubai remain going strong

Doctors, lawyers, business consultants and IT service providers in Dubai remain earning an excellent income and maintaining their earlier lifestyles with ease. Some professions, such as for example marketing consultants, have suffered because individuals are no further able to afford high advertising costs, but the entire picture here is a very positive one indeed.

3. Dubai offshore companies are in very good demand

Since the brand new Swiss regulations came into place earlier this season, the Dubai free zone company formations have increased. This is mainly due to the tax-free status and the 100% repatriation scheme upon business liquidation. Offshore companies in Dubai are generally setup in Jebel Ali Free Zone and Ras Al Khaimah (RAK) Free Zone, but with new free zones such as for example Dubai Silicon Oasis, Jumeira Lake Towers and Dubai Investment Park coming into the limelight, the sky could be the limit for investors who're looking for the best deal.

Thinking about the extremely positive outlook given by the earlier points, it's easy to understand that Dubai is rising up just in time. The government has changed rules and regulations, rendering it easier for investors to be in down in Dubai for so long as they need. With the brand new Dubai Metro public commuting system now in position and the reduced crime rate still intact, Dubai is now back among global economic giants. So, for all you could eager investors on the market, here's a suggestion - start a business in Dubai. You won't regret it.