Savy international business owners are constantly focusing on expansion and revenue generation. But looking for a strategic location for a branch office comes with its challenges. The city you choose for business expansion needs to resonate with your business goals while considering the various financial and regulatory implications. If you are looking for a globally central position for your new branch office, consider Dubai for your big move.
Prime Location
From an international business perspective, Dubai is a prime location. A Dubai branch office provides easy access to a vast portion of the world. You can easily reach clients in Europe, the Middle East, Africa, and Asia, with over 2.4 billion consumers in the Middle East, Africa, and the Indian Subcontinent alone. Over two-thirds of the world population are approximately within a less than 10-hour flight to Dubai.
Its ports and airports are world-class, ideal for commerce. Further, it is a leading regional headquarters for a significant number of Fortune 500 business enterprises.
Diverse Talent Pool
When establishing a new branch for your international business, the local talent pool will play an essential role in securing the right employees for each role. Dubai is home to a diverse community of expats and Emirati nationals with desirable business skills. Dubai also boasts premium lifestyle options and exceptional quality of life, adding significant allure for those willing to relocate. The Dubai 2040 Plan, unveiled by His Highness Sheikh Mohamed bin Rashed al Maktoum, the city's ruler, Prime Minister, and Vice President of the UAE, promises even further advancements in the Emirate's position as the world's best place to live, work, and play. With residents from 200 countries from around the world, Dubai's international professional community is rivaled by very few.
Supportive Commercial Community
Dubai is an investor-friendly market, with easy regulatory policies that encourage and support foreign businesses, startups, and entrepreneurs. Once a modest trading port, Dubai has been home to one of the world's most rapidly growing economies. As stated by Invest in Dubai:
"Dubai has earned a reputation for its political, social, and economic stability, making it one of the world's most attractive places to do business. A stable macro-economic environment, sustainable economic policies, and superior growth strategies have fueled Dubai's outstanding economic performance and diversification."
With options for mainland and free-zone business licensing, Dubai's commercial regulations offer strategic opportunities that provide unique advantages for international branch offices. An overview of the city's urban plan shows commercial districts grouped by industry, creating a strong sense of community and business networking opportunities.
Thriving Middle East Economy
The UAE has one of the strongest economies in the Middle East. Its per capita gross domestic product competes with leading European states. Today, it is an international business hub with booming industries in hospitality, real estate, financial services, trading, and tourism. In recent years after the pandemic, Dubai has seen a fast, steady recovery, with over 90% of the population fully vaccinated, allowing major commercial projects to resume, including Dubai Expo. A recent report projects that the six-month event will contribute an astounding $33.4 billion to the local economy from 2013 through 2031. As for the UAE, the Central Bank forecasts a 4.2% growth in 2022, with non-oil GDP growth estimated at 3.9%.
Setting up a branch office in Dubai offers a firm foothold in the region's most commercially dynamic market. With the ease of business setup, fully serviced offices, and tax-free residence services, Sentinal Business Centres offers comprehensive, professional support to execute your launch. To learn more about how we can assist you with your international branch office and more, please contact our offices.