You might be excited about setting up a new business, but before you make a decision, make sure that you have chosen the ideal location for the business. The location of the business can make or break it. Due to poor location, a business always comes to an end. The ideal location will help your business to have a long-term relationship with suppliers, customers, and partners. Hence, get the best location for your Freezone company.
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Regional Demographics
Before deciding on the business location, study the demographics. It helps to choose the perfect location for the products and services your business will be offering. Also, consider the factors such as age, race, gender, ethnicity, education level, income level, etc.
For the best location for your business, consider the community and customer profile according to your target segment.
Budget and Cost Considerations
Budget and cost considerations are some major factors when choosing a location for your company. It includes setup costs, rental costs, and the capital required to initiate the business. It does not matter how much budget you have; you can start your company in the free zone or peninsula.
Also, get to know about the taxes such as income and sales. It is better to know the applicable taxes because they can vary from emirate to emirate. Make sure that you have considered the fact that there will be license and vehicle subsidy expenses in different locations for your company.
Accessibility, Logistics, and Infrastructure
The accessibility of the location of the company should be easy. It should be accessible in all ways so that the suppliers, employees, and customers can reach the company easily and quickly. Also, make sure that the location is easily accessible to disabled people.
If your company is into the import and export business, then access to major highways, airports, seaports, etc. should have great logistics and infrastructure. To ensure the ease of tracing and speed of logistics services, tracking, and shipping, your company’s location should have low-cost warehouse space. It provides better logistics services. Last but not the least, the company’s location should have modern technology and advanced infrastructure.
Local Governance
Usually, people neglect the fact that there are applicable laws and zoning restrictions in each emirate. As a result, their business activities are affected, sometimes as a huge loss. The location you are choosing for the company should offer packages, solutions, and incentives to reduce the expenses of your business.
If you don’t want to be involved in the local governance, then go for the free zones as they have business services and solutions and the rules are easy to understand. Such locations are mainly designed to help entrepreneurs.
Growth Opportunities
Every business starts from zero and goes high up in the sky in terms of brand image and revenue. The location you are choosing for the company should be a dynamic business location where you get current and future growth opportunities. For future growth, you should be opting for a flexible location where the company can grow even among the competitors.
Talking about future growth, then look for the malls that offer a streamlined business setup. As a result, your company will be running smoothly in no time.
In Conclusion
There are various factors to consider while starting a new company in a new location. The major factors considered while starting a company are local governance, regional demographics, growth opportunities, accessibility, and logistics. Before making a decision, look for the best locations on websites. If you get a good buying offer, then you can visit it and make a deal. The best business setup services in Dubai is a free zone, where you get all types of services and solutions for your company.
