Firm formation services in Dubai 2023: What Makes Dubai a Good Place for Business? Dubai is a geographical success story like no other. In twenty years, its population has tripled and its GDP more than quadrupled. It has quickly become the face of international business, not to mention the face of luxury. Dubai is also home to a vast and steadily growing number of international businesses and global groups, including private jet providers Vista Global. So why exactly is Dubai so attractive for business?
You will have to deal with Taxation, Vat, Licenses, Banks, Government and more. All of this is usually dealt from your Business development department, but “How” could they do it in a country they don’t know? How could they deliver the needed documentation without the right support, someone that knows exactly how the country works? Kaper proposes clear, transparent solutions in simple steps, that will support the best of your ideas, applying their long tested strategic services. Find extra information at company formation in Dubai.
UAE free zones are a major attraction to foreign investors and businesses wishing to conduct business in the UAE. But what exactly are they and what benefits do they offer? Until the introduction of the Foreign Direct Investment Law in late 2018, it was a federal requirement for at least 51% of the shares of a company to be held by a UAE national. As a result, free zones were established in order to attract foreign businesses to the region wishing to have full control of their business.
Accessible geographic location: Dubai is situated in the heart of the UAE, a country located in the Arabian Gulf, bordered by Oman and Saudi Arabia. Placed right in the middle of the Gulf countries, the Indian subcontinent, the Commonwealth of Independent States (CIS) and the African region, Dubai enjoys a tactical position that enables it to offer unrestricted prospects across a wide range of sectors. Multi-cultural/multi-lingual society: Dubai is home to people from over 200 nationalities, all of whom live and work in harmony and in unison. This means that no matter where you bring your business from, no matter what part of the world you belong to, Dubai will always feel like home. This makes it easier and much more socially fulfilling to do business, as you are likely to find people of your nationality who are already living and working here.
Benefits of free zones: With more than 50 different free zones across the UAE and with many more under development, free zones have helped make the UAE an attractive option for foreign businesses looking to relocate or expand their global footprint. The common benefits of doing business in a UAE free zone include: 100% foreign ownership of the enterprise; Access to world class logistic facilities; Availability of a large pool of multicultural, skilled professionals; Benefits from economies of concentration (given the zones dedicated to industries); Ease of recruiting international employees, with all free zones providing one-stop-shop services for work visas; Tax holidays – usually guaranteed for 15 or 50 years; 100% import and export tax exemption; 100% repatriation of capital and profits; Corporate tax exemptions for up to 50 years; Eligibility to apply for the UAE Tax Residency Certificate.
Kabar is a leading company formation and incorporation service provider in Dubai. We offer a wide range of services to help businesses of all sizes establish and operate in Dubai. Our services include: Business licenses: We can help you obtain the necessary business licenses and permits from the Dubai government. We will work with you to understand your business needs and ensure that you get the right licenses for your operations. Find additional details at https://dubaicompaniessetup.ae/.