BB1 Provides Best Environment For Your Business in JLT Dubai, UAE

    DUBAI, UAE, December 08, 2015 /24-7PressRelease/ -- Dubai is fast becoming one of the leading choices for local and foreign investors due to its rapidly developing infrastructure, expanding service base, and diversified portfolio of potential investments. From ventures to world-wide corporations, the city is drawing investors from all corners of the globe. This can be attributed to the healthy local entrepreneurial environment that is designed to help small and medium-sized businesses grow and be competitive in their respective industries.

According to the statistics released by Dubai SME, small and medium-sized businesses comprise 95 per cent of the total enterprise population in the city. Dubai SME, a branch of the Department of Economic Development specifically established to serve as a resource for supporting the growth and development of the SME sector, identified the important role of small and medium enterprises to the positive growth of the local economy.

Research shows that approximately 42 per cent of the total workforces in the city come from firms, companies, and businesses under the small and medium-size categories. Furthermore, the two sectors help boost the local economy by injecting 40 per cent of the total gross domestic product of the city.

Considering the numbers, it comes as no surprise that more investors and firms are looking to establish a presence in the city to take advantage of the growing market and developing infrastructure.

Government Support

In addition to the healthy and competitive market, the active support of the government also acts as an additional incentive for local and foreign investors.

Dubai SME has recently revealed the top 100 small and medium enterprises in the city. These select enterprises will be aided in their growth and development as locally-situated businesses.

The list includes freezone companies in JLT and enterprises located outside of these specially designated economic areas.

The development is in line with the local vision to establish the city as the strategic business hub in the Middle East and North African region.

With its robust and expanding infrastructure, financially-stimulating policies, and burgeoning market, the city is ripe for new ventures. However, before entering the corporate landscape, it is essential for investors to be familiar with the process of company formation Dubai JLT is one of the numerous free zones situated in the city to help stimulate the local economy with foreign investments.

Located within each free zone are different corporate buildings that accommodate office setup requirements. Through a well-developed business center JLT businesses can start finding their footing in the local market.

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