To be eligible for the Golden Visa for public investors, you must…
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Why You Must Invest in Dubai?
Dubai is a safe place, and I never came across anything to worry about.
The growth of the economy is one of the important factors for anyone looking to invest in foreign land. The recent oil crisis has impacted the middle eastern countries as well as UAE’s capital Abu Dhabi, although rich in oil, has suffered because of it. However, according to the statistics Dubai has flourished and will continue to do so with a boosting economy for a few coming years.
Dubai has managed to become the jewel of the desert. Offering many eye-catching attractions to the residents and the tourists in the city. Making it a hub for multiple famous events such as Formula 1 Race (Abu Dhabi), Dubai International Film Festival, Dubai Jazz Festival, Dubai World Cup of Horse Racing and international cricket matches. Recently Dubai had a high influx of tourists due to Dubai Expo 2020 in which countries all over the world had participated.
Dubai is well known for its magnificent building structures. Burj Khalifa, the tallest building of the world and the world’s largest man-mad port, Jebel Ali port is also in Dubai. According to the recent statistics, Dubai International Airport holds the title for world’s busiest airport currently. It also has multiple man-made islands and is famously known for the palm islands. The many iconic infrastructure of this city includes Burj al Arab, Dubai eye, Dubai Frame etc. The Dubai Mall is the world’s largest mall. These are enough reasons for anyone looking to invest in Dubai.
Relaxed Taxation Rules
Dubai does not impose any capital gains tax, personal income tax or withholding tax which attracts many people to come and work here. Also in 2018, Dubai implemented another law which allows 100% foreign ownership of companies. Dubai is now also offering a 10-year residency visa called the golden visa for investors and specialists.
UAE was formed in 1971 and has been a successful constitutional monarchy from the beginning. The reason being the belief of the founding fathers in the system of keeping peace and stability in the country and its present rulers who continue to do the same. The visionary leadership believes in the growth of the economy and the development of social, political, cultural, environmental domains.
Safety and Security
UAE has the lowest crime rate in the world which makes it the safest country in the MENA region and one of the safest countries in the whole world. An investor always wants to be sure that the country they have their property should be safe therefore Dubai is a very attractive option because of the low crime rate and efficient legal system. Many people around the world move to this city and start a new life because of this reason.