Considered the most illustrious region in the Middle East, the United Arab Emirates is one of the most popular countries in the world! With millions of tourists visiting each year, and an abundance of both wealth and valuable natural resources, the UAE has quickly become a mecca for lavish lifestyles and a networking haven with a high density of wealth.
Over the years, the country has become a powerhouse in the global business landscape because of its abundance of opportunities for businesses of all kinds to thrive. However, did you know that the United Arab Emirates is also one of the best places in the world for company formations?
Why you should choose UAE as the base for your company formation
While most people would opt to start their businesses in their home countries or in developing countries, Dubai presents an array of available opportunities that present a compelling case that is too good to be ignored! If you’re keen on providing your business with the headstart it needs to succeed, then you must understand that where you start your business bears a significant influence on your long-term success!
To best understand why you should set your sights on the United Arab Emirates and enlist Dubai Business Setup’s company formation services, let’s look at some key reasons to watch out for:
Reason #1: It’s unbelievably easy to set up a business in the country
Although other countries like Thailand, Japan, and the United States would give you a hard time in setting up your business, you can expect an entirely different story when it comes to the UAE.
Over the years, it has been established again and again that the government of the United Arab Emirates is especially supportive of foreign investment, thanks to the advent of its investor-friendly business policies. These policies make for an easier experience setting up a company even for the newest of foreigners, as the government itself greatly encourages new business for their economic growth!
Reason #2: The Freezones of the country present valuable advantages for businesses
Thanks to the business jurisdiction of the UAE’s existing laws (Mainland, Freezone, & Offshore), there are a handful of benefits for investors who set up their businesses in the country. Such is especially the case when you consider those brought about by the Freezones of the UAE.
Considering that Freezones of the UAE provide an advantageous assortment of tax-free opportunities and business-related benefits, it’s easy to see why they’ve become a major attraction for investors all over the world! While there are all sorts of different plusses outlined by the system in question, here are some of the most distinct benefits that are especially well worth looking into:
- The ability to own the company totally (100% foreign Ownership);
- 100% profit repatriation;
- Customs duty exemption;
- Ease of residence visa processing; and
- Access to world-class offices and warehousing.
Reason #3: Three words—Tax. Residency. Certificate.
Ever since the United Arab Emirates signed a Double Taxation Treaty with over 70 countries, businesses have had the valuable opportunity to have much easier experiences handling their tax matters when setting their operations up.
Thanks to the bylines that the Double Taxation Treaty establishes, residents who have a business or are employed in the UAE can obtain a Tax Residency Certificate. Through the help of this specific certificate, you’ll be able to avoid any additional tax payments in the UAE if you’re already paying taxes for your income in the home country—which leads to major savings!
Among the different locations that you can start your business in, one of the best locations worth looking into above all else is the United Arab Emirates—and for a good reason. By keeping the benefits mentioned above in mind, you’ll realise that the UAE is a country rife with opportunity, for as long as you have the courage to grab it!
If you’re looking for a business setup company in Dubai that can help you start your company in the United Arab Emirates, Dubai Business Setup is here to help you out! Get in touch with us today to learn more about how we can best help you!