Firm setup solutions Dubai with Kabar: 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?
We are “the” consultant company and we’ll help your new business start in Dubai. We provide advice’s services, issuing trade licenses and everything regarding company formation and registration. We help in all governmental process to establish new companies. A team of professional specialists will wait for you, ready to answer all your questions and doubts. You will feel welcomed by people with several years of experience able to understand businesses from different perspectives, supporting your new path in the UAE with the right tools and the perfect strategy to be, as soon as possible, ready-to-start, comfortable and respectful of the law. You will be provided with documents and pieces of information to start, with your new company, your new business in Dubai. Discover even more info on company setup Dubai.
What is a free zone? Free zones are geographically demarcated areas within the UAE (even if most of them are not fenced or gated) permitting 100% foreign ownership and are in most cases, dedicated to a specific industry. They were designed to support strategic transformation in key industries (e.g. finance) and many are built with public finance and boast state-of-the-art facilities. For instance, the Dubai Media City – a free zone in the emirate of Dubai – has infrastructure and licences adapted to the needs of the media industry. Similarly, the Dubai International Financial Centre (DIFC – see below) attracts companies in the financial services sector, drawing in insurance, financial services and investment firms and banks wanting to grow their international client-base.
But this isn’t all. The UAE is home to a wide range of cultural and economic variations, has a stable and enabling political system, capital flows are based on strong revenue streams, the tax environment is friendly and trade laws are highly favourable. The UAE in itself is an example of how resilience and commitment can turn a little-known country into an economic, tourist and commercial capital for the world’s population to live, work and visit.
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.
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