Dubai is Among Top 10 Business-Friendly Cities in The World
According to a new report by Movinga, a Germany-based relocation company, Dubai has earned a place in the top 10 destinations globally for entrepreneurs seeking to launch an import or export business.
The study evaluated each city’s business environment, logistics network, and market accessibility for businesses in the restaurant, technology, or import/export industries. Dubai secured the ninth spot on the list, with Shanghai and Amsterdam taking second and third place, respectively. This ranking will aid entrepreneurs in identifying suitable cities for their businesses.
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Dubai’s location, tax incentives, and business-friendly laws are among its appealing characteristics that have transformed it into a preferred destination for businesses and industries. The city’s infrastructure and logistics, including seaports and airports, make it an ideal location for global trade and commerce.
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In recent years, Dubai has taken steps to simplify the business process by streamlining government services and reducing “red tapism,” which is a term used for bureaucratic hurdles. Due to these efforts, the city has performed exceptionally well in the latest World Bank report.
Dubai’s recognition in the World Bank report is influenced by various factors such as starting a business, obtaining construction permits, registering property, accessing credit, protecting investors, paying taxes, and trading across borders.
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