Dubai is a global city and is enhancing its reputation as a favorable business hub for many foreign investors from European countries, in particular. By 2040, It’s projected to be the best city to live in in the World, thanks to the Sustainable Development Plan.
As a foreign investor coming from Europe or America, investing in Dubai can seem to be quite a challenging task. However, you must know for a fact that starting and managing a new business setup in Dubai can be quite rewarding. The rapidly growing economy can prove to open great investment opportunities in Dubai for you.
Why Dubai?
What Does Dubai offer that other regions don’t?
Dubai imposes restrictions for foreigners who wish to start and do business in the city. But, it offers many advantages, such as:
- Companies incorporated in Dubai are not subject to corporate tax, withholding tax, VAT, import/export tax, and capital gains tax;
- UAE has signed more than 66 international double tax avoidance treaties with major countries like China, the USA, and most members of the EU.
- Foreigners can have easy access to local currency, as there are no exchange controls in place.
Furthermore, foreigners who wish to reallocate to Dubai will enjoy a multicultural environment. Dubai’s population has foreigners from all over the world. So, the city is always up with the latest trends and development. It is also a paradise for any foodie eager to try different cuisines.
Dubai is also a paradise for shopping since the city does not impose VAT. Residents are exempt from paying personal income tax.
Forming a Dubai company
The first step in forming a company in Dubai is to decide the company type suitable for your business.
Forming a company in one of Dubai’s free zones is most recommended. A Dubai free zone company allows foreign investors to have 100% ownership of the company.
A Dubai limited liability company (Dubai LLC), limits foreigners to own up to 49% of the company. A UAE national will own the remaining 51% of shares. Only in exceptional cases, The Government authorities permit a 100% foreign-owned LLC. Registering your LLC in a free zone will increase the chances of approval.
How can Dubai help?
Best in Class Flight services and Connectivity
Flight frequency and airport proximity of any other destination would not match in Dubai. Recurrent business flyers and frequent-fly businesses will have their requirements met thanks to accessibility to every corner of the world, and easily accessible unmatched international airports.
Business consultancy support
Setting up a business in Dubai is as simple as providing passport copies and choose a suitable name for your business in Dubai. In Dubai, the licensing, Registration, and other Setup Requirements easily with the help of RKHBC. On top of that, an investor could get additional perquisites like a Residential Visa, Bank Account corporation assistance, and a complete suite of company incorporation and management.
Wide Gates To The International Market
Representation of fields and industries makes a great gain for both- B2B and B2C trades. With ports and a copious workforce, businesses find it easier to grow here and access different markets around the world with zero plateaus of bureaucracy. Bonus Reason: Expo 2020 S&P Global’s prediction that Dubai’s GDP would increase at a minimum of 2.5% a year until 2022 starting with an average of 3% in 2020 and 2021, especially from economic activity associated with Expo 2020, is highly encouraging. Expo 2020 is also expected to boost tourism in Dubai surging consumer spending consequently stimulating the growth.
As we mentioned already, Setting Up a business in the city of Dubai can be a Headache. But with the help of Experts from RKHBC, you can set up your Dream in Dubai without any Hassle.
When are you planning to start?
