Over the last few decades, the UAE has witnessed a massive transformation from a small sandy desert into the world’s top-class mega-city. Dubai, the Middle East’s cultural hub, possesses excellent business parks, beautiful malls, towering buildings, and numerous seven-star hotels. It wouldn’t be wrong to state that the UAE is the only man-made island with some of the world’s smallest buildings. Not to mention the fact that the UAE also comprises a world-class infrastructure and an excellent integrated business ecosystem. If this fascinates you, you are more likely interested to know more about the offshore companies in uae. With all these advantages, the UAE offers countless opportunities not to be found in other top-class cities of the world.
Read on to learn more about why people choose the UAE as their next big business venture.
1) Superlative Taxation Structure
As impossible as it sounds, but it is utterly true. The UAE really offers significant slack on foreign investors. As a foreign investor or entrepreneur, you are exempted from tax on the majority of personal, capital, and corporal gains. As a matter of fact, the UAE has the lowest VAT ratio of 5%. This factor makes this region extremely business-friendly. People worldwide are happy to set up their new businesses in the UAE. They are also prone to find the best business consultancy agencies in nearly every corner of Dubai.
2) Stable Exchange rate
Since the UAE’s taxation is near to non-existent, most expats choose to keep their money in the residential bank accounts of Dubai. This is mainly due to the stable exchange rate. It allows them to transfer money out of the country whenever they need it without worrying about the exchange rate. Did we mention that opening a business in the UAE is quite easy as well? All you need to do is provide your passport copies and give a well-selected business name for your start-up company. The local business consultancy offices in Dubai will guide you thoroughly so that everything is cost-effective and time-effective.
More importantly, there are legit tax-free zones within the UAE. These are the zones where foreign investors can own their entire business without partnering with a residential partner or an Emirati agent. The tax-free zones include education and healthcare.
3) Safe & Secure
Despite being home to diverse cultures, the UAE’s laws and regulation system is a strong one compared to other Middle East countries and regions. Many entrepreneurs are drawn to this place and move in with their families to enjoy a safe, quality life. The transport network of the UAE is of great quality as well. This means that one doesn’t have to fret over a jammed up road. I am sure that you must have heard about Dubai’s Metro system of transportation. It is one of the world’s best transport networks that can literally get you anywhere without a hassle. If you are looking for the world’s best travel and tourism experiences, Dubai is your go-to-place. It is good for starting a new business and enjoying life in the best way possible.
