The United Arab Emirates is a pivotal location for South Africans to set up their business. Whether it is a free zone company setup or a mainland company setup in Dubai, South Africans reach out to company formation specialists for their business setup in Dubai. An average of 60,000-80,000 South Africans are settled in the Emirates. They have also carved out their reign locally by establishing some of the famous brands such as  Nando's, Nedbank, Mediclinic, Standard Bank, SA airways, etc. Here are the few reasons that make setting up a business in Dubai favorable for South Africans.

Investor protection

Apart from the tall skyscrapers, one of the man attractions of UAE is their low crime rates. Many of the South Africans wish to stay away from their country because of its crime rate. Over 1.3 million housebreaking incidents, 264,000 home robberies, and 82,000 car thefts were reported to the national statistics service, Stats SA, in 2019, of which only a fraction was reported to the police. Investors are definitely looking for a safe investor-friendly climate to protect their possessions, and this is what they get by opening a business in the UAE. If you want a peaceful life and hope to be the next top restaurant brand like Nando's, you can apply for a restaurant license in Dubai. 

Systematic and streamlined procedures

Instability in the political environment is one major factor that makes South Africa less business-friendly. The economic growth of South Africa is stagnant because of the low tax collection rates which in turn lead to the slow development of infrastructural projects. And another issue that South Africa faces is the repeated issue of short supply of electricity. 

With all these issues lined up, Dubai is a safe haven for South Africans. UAE leads the Arab world by securing 16th position on the World Bank's Ease of Doing Business Report in 2020. UAE offers its investors a three- year residency visa. Economical and affordable company setup costs are also an attraction in the UAE. South Africans can also take advantage of the stream-lined export and import procedures, easier construction permit approvals, ease of paying taxes and improved minority investor protection, etc.

Strategic business location

Just like any other investor, South Africans too benefit from UAE's strategic location. UAE is a business hub that connects the world markets; Asia, Africa, the Middle East, and European markets. All these major locations are a short flight away from the Emirates. This makes Dubai the ideal location for starting a business. An import/export license or a general trading license in Dubai allows businesses to freely trade goods, import/export to and from the UAE. 

Friendly government-ties

Setting up a business in the UAE by South Africans is well supported by the government. The federal government launched initiatives worth AED 100 million to reinforce the business relationship between the UAE and South Africa. In fact, both countries have friendly ties to ensure new businesses are formed and are benefitted by the people of both nations. UAE is continuously improving its initiatives to ensure the country is business-friendly. The golden residency introduced by the Emirates to high net worth individuals is an example to show how investor-friendly the country is.  

If you have any queries regarding business setup in Dubai, contact experts at Decisive Zone and get a free consultation. Decisive Zone is a business setup company that helps you find the best-suited business solution when establishing a company in UAE. Decisive Zone will advise you on the corporate structure and jurisdiction to choose from and also covers all technical, administrative and financial aspects of UAE business setup.