Dubai is one of the world’s most vibrant, diverse, and dynamic cities. In fact, it ranked second among the world’s leading cities for expats, with Abu Dhabi also ranking among the top 10. So how to move to Dubai from the US?
For US citizens looking to relocate or entrepreneurs hoping to expand their businesses into the exciting city of Dubai, there’s no better time than now.
Whether you’re looking for a chance to experience the city’s rich culture, take advantage of its tax incentives, or simply explore the many business opportunities available in this growing metropolis, moving to Dubai can be a rewarding decision.
With this guide, we will provide you with in-depth information on how to move to Dubai for a seamless relocation experience. This way, you can kick back and begin enjoying the wonders of this remarkable city!
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Why Is Moving to Dubai from The US a Good Option?
Located in the United Arab Emirates, Dubai has become a major global hub for commerce, finance, and tourism. Not only will you find yourself surrounded by luxury and state-of-the-art technology, but you will also get access to some of the most promising business opportunities in the world.
Let’s discuss in full detail the many reasons why you should consider living in Dubai.
1. How to Move to Dubai From The US- Business-Friendly Environment
One of the top reasons to start a business in Dubai is its government’s commitment to fostering entrepreneurial development. Among the recently implemented policies to encourage innovation in the business sector is the ‘freelancer visa’ that allows entrepreneurs from outside of Dubai to set up businesses in the city with greater ease.
Dubai is also home to a range of international conferences and events, which provide opportunities for networking with other businesses and gaining exposure on a global scale.
2. Why Move to Dubai From The US- Tax Benefits
Dubai offers a unique tax-free package for expats, meaning that US citizens will have more money in their pockets each month. Take note that the UAE is introducing a 9% corporate tax starting in 2023, but companies with net profits lower than AED 375,000 or those located in a free zone will still receive zero taxation benefits.
Zero taxation is especially attractive for US entrepreneurs who are looking for ways to maximize the profits of their businesses. Take advantage of the business flexibility that exists across the country by checking out the top 8 business ideas in Abu Dhabi and Dubai.
3. Moving to Dubai From The US- World-Class Infrastructure
One of the major draws of Dubai is its world-class infrastructure that allows businesses to operate efficiently and effectively. The UAE government has invested heavily to make it a highly desirable place to do business and live.
Dubai has an extensive business infrastructure, including well-developed roads, ports, and airports, which makes it easy for international companies to operate. This includes well-maintained roads, reliable public transportation systems, high-speed internet access, and modern telecommunications.
Dubai can also facilitate the import and export of goods, as well as storage facilities. These put Dubai at the top of the list for many US businesses.
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4. Moving to Dubai From The US- Networking Opportunities
As one of the most cosmopolitan cities in the world, Dubai is an ideal location to network with other entrepreneurs and business professionals of over 200 nationalities.
Dubai also ranked first in the global FDI ranking for financial services, attracting foreign investment projects, and outpacing cities such as New York, London, and Singapore. This solidifies Dubai as a top destination for building relationships with potential clients, partners, and investors.
English is widely spoken throughout Dubai, which helps ease communication between different cultures and when doing business with US companies. By encouraging a culture of innovation and entrepreneurship, businesses are empowered to come up with innovative products and services.
5. Moving from The US- Safety
With stringent laws against drug use, alcohol consumption, and other criminal activities, the government of Dubai has implemented several measures to ensure the safety and security of its citizens. The zero-tolerance policy in Dubai deters many people from even considering committing a crime.
Additionally, Dubai is home to some of the most advanced emergency services in the world. Emergency response teams are available 24/7 and equipped with the latest medical equipment and personnel to respond swiftly to any situation.
6. Moving To Dubai From The US- Exceptional Quality of Life
It’s no surprise that so many US citizens and entrepreneurs are planning to relocate to Dubai in search of a higher quality of life. For starters, the city provides a unique mix of modernity and tradition that can be found in a few other places around the world.
Dubai boasts a vibrant nightlife, shopping malls, luxury hotels, iconic skyscrapers, one-of-a-kind architecture, and world-class attractions such as the Palm Jumeirah man-made island, Dubai Mall, and the Burj Khalifa skyscraper.
Aside from its business opportunities and jewellery industry, Dubai is also known as “the city of gold” because of the year-round sunshine it enjoys throughout the year. Dubai is the perfect place for those who want to get away from the cold winter months back in America – or just enjoy some sun all year round!
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7. Moving from the US- Cultural Exploration
Dubai is a melting pot of different cultures from around the world – making it an ideal destination for US citizens looking to explore various cultures close at hand.
As a whole, Dubai offers a captivating blend of traditional Middle Eastern culture and modern international influence, making it one of the most popular travel destinations in the world. The city has something for everyone – from architectural marvels to ancient monuments and picturesque beaches.
The food scene in Dubai is also an influential part of cultural exploration, with many traditional and modern restaurants serving dishes from all over the world.
Why Move to Dubai for US Business?
Dubai is quickly becoming one of the most attractive cities in the world for entrepreneurs looking to expand their operations. The city offers a unique combination of access to global markets, a vibrant entrepreneurial culture, and an array of incentives for businesses that are willing to make Dubai their home.
Doing business in Dubai is becoming increasingly easy due to the government’s efforts to create a conducive environment for entrepreneurs. As mentioned, the city has an attractive and competitive tax system, and there are no restrictions on repatriating profits for foreign investors.
The government of Dubai also provides a variety of incentives and assistance schemes that help both local and international businesses thrive. This includes providing access to capital resources such as grants, financial assistance packages, and subsidized loans.
If you need assistance, Virtuzone simplifies business facilitation in Dubai. Having assisted over 60,000 entrepreneurs in setting up their businesses in Dubai, you are in good hands.
What is the UAE Golden Visa Program?
Among those who are looking to move to Dubai are US citizens. With the introduction of the Golden Visa program, there is now a convenient path for them to do so.
The program was introduced by the UAE government in 2019 as part of its efforts to attract foreign investors and skilled professionals from around the world.
This provides a great opportunity for expats looking to move to Dubai, as it offers them flexibility and security. It eliminates the need for US businesses to obtain an investor’s visa or work permit in order to reside in the UAE, making transitions much easier.
Additionally, the program also provides expats with access to various benefits such as tax exemptions, long-term visas, and expedited processing of applications – all of which can make a big difference when moving from the USA to Dubai.
As part of the Golden Visa program, the following groups are eligible to apply for residency in the UAE:
- Investors
- Owners of specialized talents and researchers in various fields of science and knowledge
- High-level executives
- Athletes
- Specialists in the fields of engineering and science
- Creative people and people of culture and art
- Inventors
- Outstanding students with promising scientific abilities
Applicants for a Golden Visa under each of those categories must meet different conditions and criteria. With Virtuzone, you can simplify the process of your UAE Golden Visa application.
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How to Set Up Your US Business in Dubai?
Despite Dubai’s relative accessibility for businesses, setting up a US business anywhere outside of your own country can be challenging. That’s why it is essential that you familiarize yourself with the procedures involved before you start.
Living in Dubai means taking responsibility, both as a citizen and as a business owner.
- Comply with the Legal Requirements — This includes understanding local laws and regulations, obtaining the necessary permits and licenses, determining registration fees, and more.
- Choose a Business Structure — The structure of the company determines how it will be operated legally, as well as what types of transactions and paperwork you will need to complete.
- Find a Suitable Business Location — Finding the right workspace is essential for any business’s success. Dubai offers numerous options, from industrial parks to free zones and more. Consider factors such as accessibility, amenities, and cost when selecting your ideal location.
- Obtain Visas & Work Permits — For US citizens planning on working in Dubai, obtaining the necessary visas and work permits is a key step before beginning operations. Depending on the nature of your business, you may need to apply for investor or entrepreneur visas as well as residence permits for employees.
- Set up Bank Accounts and Financing — Before launching your business, you will need to open a corporate bank account and consider financing options. You can look at both local and international banks for banking services, as well as explore venture capital firms or angel investors if needed.
- Register with the Chamber of Commerce — US businesses are required to register with the Dubai Chamber of Commerce in order to be recognized by the government and gain access to certain privileges such as trade discounts, promotional activities, and more.
- Market Your Business — Once all these steps have been completed, it’s time to start marketing your business! Consider advertising and promotional activities such as social media campaigns, and paid ads. You should also consider joining local business communities or networking events to further expand your reach.
Check out our guide to Everything You Need to Know About Starting a Business in Dubai for a more comprehensive overview.
What is the Cost of Living in Dubai?
For those looking to relocate to Dubai and conduct business there, it is beneficial to study the cost of living there before making any long-term decisions.
You are not alone if you are considering relocating to this vibrant city, as 85% of the population is comprised of expats. By that standard, they are certainly doing something right.
Although it ranks 42nd in Mercer’s annual Cost of Living Survey for 2021 as a leading cosmopolitan city, living in Dubai costs less when compared to some other destinations like Hong Kong, London, New York, and Singapore.
Aside from the tax-free benefits offered to entrepreneurs in Dubai, salaries are generally higher than in many other major cities. The average salary in Dubai is AED 21,500 per month or USD 5,853. This is higher than, for instance, New York’s USD 4,298 a month and even London’s USD 4,531.
For more niche industries and a greater level of experience, you can expect to receive even higher offers in Dubai more readily. This is not surprising, given the diversity of business opportunities available.
Our comprehensive guide to the Cost of Living In Dubai that specifies more about the necessary expenses may come in handy to you.
Final Thoughts: Moving to Dubai
Moving to Dubai as a US citizen can be a valuable investment. The city offers many benefits, such as excellent business opportunities, modern infrastructure, access to world-class shopping and entertainment, and a safe living environment.
With tax-free income and generous banking incentives, it’s no wonder that more people are choosing to make a move. Although there are some challenges to settling into life in Dubai, including regulations and cultural differences, these can all be overcome with careful planning.
Once you’ve decided to make the move to this vibrant city full of opportunity, you will quickly feel at home in your new home away from home.
It is always wise to make your business woes go much smoother when setting up in Dubai with Virtuzone, well-equipped to walk you through the process and make the overall process of starting up much easier on both you and your business.
