Firm setup providers Dubai 2023: What makes Dubai so good for business ? Dubai is, essentially, a tax-free nation. Income tax is a non-existent levy on people and businesses in the city, though specific corporate and excise taxes are levied depending on the situation; for example, multi-national banks and oil companies are expected to pay corporate tax for operating within the city. The tax-free nature of the city makes it a haven for businesspeople to make their home, and make the most of their income.
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. Discover more info at Dubai company formation.
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.
Visa facilitations for professionals: There is a lot Dubai, and the whole UAE, is doing to attract the best professionals. The Dubai Virtual Working programme, the Retire in Dubai programme, and the 10-year Golden Residency Visa are all examples of how keen Dubai is to retain talent and attract foreign professionals and encourage them to settle here. This is a great boost for businesses and entrepreneurs from all over the world. Untiring support to SMEs: At a time when most businesses were shut down globally as a result of the Covid-19 pandemic, Dubai’s leadership has provided exemplary support to SMEs and start-ups. This has led to an increase in trade and the emergence of many innovative ventures to respond to the pandemic.
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 even more info at https://dubaicompaniessetup.ae/.