DUBAI: Best Place to Start Your Business
For businessmen all around the world, Dubai is a recognized trading hub and the ultimate option to set up their companies there. Liberalized economy, solid infrastructures, and access to a wide global market besides the tax-free policies are some of the reasons why Dubai could be the best place for you to start your business. Dubai itself, as one of the Emirates of the UAE, contains several free zones, all following similar structures for company registration with slight differences in details. The variety of these free zones allows you to choose the one that is more suitable for your business which depends on the type of your business, capital share, the need for a physical or virtual office, etc. By company formation in Dubai, obtain residency for yourself and your family and enjoy the opportunity of living and operating your business in one of the safest and most modern places in the world.
Tax? Don’t Worry about It!
In Dubai, as in all the other emirates, all companies registered in the mainland or companies formed in the FTZs all of them enjoy a tax-free haven. This is a great impetus for people looking to invest in Dubai. One of the prominent benefits of opening your business in Dubai is that you do not have to pay any taxes! and they offer total exemption from any kind of taxes, be it income, corporate or personal tax. Though, a few companies might have to pay a 5% VAT applicable on certain business activities.
You Will Not Miss Your Family!
If you are starting a business in Dubai, you can easily get employment and a residential visa. Once you have your visa, you can rent or lease a property, travel from one country to the other, or buy vehicles, plus you can take your family members with you too!
Exceptional Government Support
The Dubai government never fails to provide top-notch facilities, incentives, and safety to foreign investors. It keeps on amending the rules and regulations to conduct business in the city to ensure the quality, advancements, and increasing the business opportunities. Moreover, the government keeps organizing various international events and comes up with many initiatives for business expansions. The government offers an easy-to-follow, fixed set of rules and regulations in order to conduct business. All the entrepreneurs must adhere to these for smooth business setup and functioning further.
Dubai is one of the Emirates with the most advanced digital facilities. It is on the way to a technologically powered future and to become the world’s digital hub. The city has taken so many tech initiatives when it comes to reducing traffic, providing world-class internet services, transforming healthcare services, eCommerce, etc. This promotes and increases opportunities to conduct business online in the country.
There are continuous and ongoing revisions of existing investment rules, regulations, and incentive packages to promote foreign investment. Dubai was the first among the emirates to permit foreign ownership of property and stocks. UAE is also a member of international bodies, treaties, and conventions that safeguard intellectual property, including the World Intellectual Property Organization (WIPO), World Trade Organization (WTO), Paris Convention, Patent Cooperation Treaty (PCT), WIPO Copyright Treaty, WIPO Performances, and Phonograms Treaty (WPPT) and the Rome Convention.
Although the ease and advantages above, there is no harm to consulting with our lawyers in Dubai.
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