Why Dubai
Dubai: Your Lucrative Investment Haven - Exploring the benefits of investing in Dubai for Indian entrepreneurs
Dubai has long been hailed as a beacon of opportunity for investors worldwide, and Indian entrepreneurs are no exception. With its strategic geographical location, Dubai serves as a gateway to three continents: Europe, Asia, and Africa. This positioning offers unparalleled access to global markets, making it an ideal location for businesses looking to expand internationally.
One of the most attractive features of investing in Dubai is the tax environment. The UAE operates on a zero-tax policy for foreign investors, which means no personal income tax, no corporate tax, and no capital gains tax. This fiscal advantage significantly boosts the profitability of businesses, providing a competitive edge in the global market.
Moreover, Dubai's robust infrastructure, state-of-the-art facilities, and investor-friendly policies create a conducive environment for business growth. The emirate's commitment to innovation and technology, as seen in initiatives like Dubai Silicon Oasis and Dubai Internet City, further solidifies its position as a hub for entrepreneurship.
For Indian investors, the cultural affinity and the presence of a large Indian expatriate community add to the allure of Dubai. This community not only provides a ready market for Indian products and services but also offers a supportive network for new ventures.
In terms of trade, India’s exports to the UAE reached US$31.3 billion in FY 2022-23, marking an increase of 11.8% YoY. The main products that India exported to the UAE are Refined Petroleum ($7.98B), Jewellery ($3.19B), and Diamonds ($2.51B). In 2021, bilateral trade between the two countries stood at $43.3 billion.
In conclusion, Dubai's unique blend of strategic location, tax benefits, and business-friendly environment makes it a lucrative investment haven for Indian entrepreneurs. With the right approach and guidance, investing in Dubai can unlock immense potential for growth and success.
Bharat Mart: Gateway for Indian Exporters - The benefits of Bharat Mart for Indian exporters.
Bharat Mart, a visionary initiative by the Indian government, is set to revolutionize the way Indian exporters conduct business. This warehousing facility, located in the United Arab Emirates (UAE), is designed to showcase Indian exports under one roof1.
Similar to China’s Dragon Mart, Bharat Mart aims to reduce shipping time and costs, thereby providing a significant boost to Indian trade abroad. The facility is expected to be operational starting 2025.
Spanning over 1 lakh square meters, Bharat Mart will be a mix of warehouse, retail, and hospitality units1. It is strategically located in Jebel Ali Free Zone (JAFZA), a DP World company. This location will enable Indian companies to expand their operations into continents like Africa, Europe, and even the United States.
Trade between India and the UAE has been growing steadily, with the two nations aiming to reach $100 billion in non-oil bilateral trade by 2030. Bharat Mart is expected to play a crucial role in achieving this target.
The facility will not only reduce the time and cost of shipping goods between India and other countries but also provide improved market access to Indian exporters. They can now serve local UAE markets, GCC countries, and global markets.
In the bustling trade landscape between India and the UAE, Bharat Mart emerges as a pivotal platform for Indian exporters. This innovative marketplace is designed to streamline the export process, significantly reducing shipping times and costs, thereby enhancing the competitiveness of Indian products in the global market.
Key Benefits
Efficient Trade
By offering a centralized hub, Bharat Mart simplifies logistics, making it easier for exporters to reach their target markets.
Economic Ties
The platform is a testament to the strengthening economic relationship between India and the UAE, fostering a network of comprehensive partnerships.
Market Expansion
Bharat Mart is not just a portal for trade but a gateway to new opportunities, facilitating Indian exporters' access to the broader Middle Eastern, African, and European markets.
Impact On Trade
Cost Reduction
Exporters benefit from reduced overheads, thanks to the consolidation of shipping and handling processes.
Time-Saving
The proximity of Bharat Mart to major shipping routes cuts down transit times, ensuring faster delivery of goods to end consumers.
Trade Growth
With the ease of doing business, Indian exporters are poised to increase their market share and drive trade volumes higher.
- Bharat Mart stands as a beacon of opportunity for Indian exporters. It embodies the spirit of innovation and cooperation that characterizes the India-UAE economic partnership, paving the way for a future of shared prosperity and mutual growth. As the platform continues to evolve, it promises to unlock new horizons for Indian businesses, cementing their place in the global trade arena.
Golden Visa Program from an Indian investor’s perspective
The Golden Visa program has emerged as a unique pathway for Indian investors seeking to gain residency or citizenship in select countries. By making a specific amount of investment in the host country, foreign nationals can get a permanent or long-term residence permit. This is a sort of residence-by-investment plan.
For Indian investors, the Golden Visa program is particularly appealing as it allows them to diversify their holdings, gain access to new markets, improve their quality of life, or obtain a second citizenship. However, not every program offering golden visas is made equal. Certain programs may provide greater advantages and benefits than others, depending on the investor’s aims, preferences, and profile.
The key factors that may influence the decision of an Indian investor are the budget, return on investment (ROI), duration of the visa, mobility benefits, and the possibility of gaining citizenship. For instance, several golden visa programs have diverse minimum investment requirements, ranging from as little as €250,000 to as much as €2 million or more.
The UAE Golden Visa is a popular choice among Indian citizens. It offers long-term residency for 10 years, investment opportunities in Dubai’s thriving real estate market, eligibility for taking the driver’s test without additional lessons, and access to world-class healthcare and education. In 2022 alone, the UAE issued nearly 78,000 Golden Visas across all categories.
One of the standout advantages for UAE Golden Visa recipients is the exclusive right to own property within the UAE. This distinct privilege distinguishes them in the real estate landscape. This perk is bolstered by reduced fixed-interest rates on mortgages, reserved solely for Golden Visa holders.
The UAE Golden Visa benefits ensure families access to an outstanding healthcare system, a cornerstone of the country’s exceptional quality of life. This access encompasses state-of-the-art healthcare facilities equipped with cutting-edge technology and staffed by top-tier medical professionals.
The Dubai Golden Visa benefits families with children by granting them access to education. Its discounts on higher education are particularly noteworthy, rendering top-tier educational opportunities more financially accessible for families.In conclusion, the Golden Visa program offers a ticket to prosperity for Indian investors. It opens the door to a multitude of privileges and opportunities within the host nation1, making it a worthwhile consideration for those looking to expand their horizons.
Tax Benefits for Indian Exporters: The Impact of UAE-India CEPA
The Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates (UAE), which came into effect on May 1, 2022, has ushered in a new era of bilateral trade between the two nations.
This landmark agreement has opened doors for Indian exporters by reducing or eliminating customs duties on a wide range of products.
Under the CEPA, the UAE has eliminated duties on 97.4% of its tariff lines, corresponding to 99% of imports from India. This significant reduction in customs duties is expected to boost India’s exports to the UAE, particularly in labour-intensive sectors such as gems and jewellery, textiles, leather, footwear, furniture, agricultural, and wood products.
The CEPA is expected to increase the total value of bilateral trade in goods to over US$100 billion and trade in services to over US$15 billion within five years3. The bilateral trade between India and the UAE has already touched historic highs during FY 2022-23, increasing from US$ 72.9 billion to US$ 84.5 billion, registering a year-on-year increase of 16%.
Moreover, the CEPA has also enhanced market access for Indian service providers across 11 sectors and more than 100 sub-sectors1. This includes sectors like business services, telecommunications, construction, education, environment, finance, healthcare, tourism, recreation, culture, sports, and transport.
In conclusion, the UAE-India CEPA has significantly boosted bilateral trade, offering substantial tax benefits for Indian exporters. By reducing or eliminating customs duties on a wide array of products, it has opened new avenues for Indian businesses in the UAE market.
