Firm setup services Dubai 2023: What Makes Dubai a Good Place 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.
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. Find more information at new company formation.
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.
Since its foundation nearly 50 years ago, the country has rapidly shifted from an economy once dependent on fishing and pearls to a financial and economic powerhouse. The country is blessed with a geographic location that makes almost two thirds of the world’s population accessible on a six-hour flight. Efficient road, air and sea connections, high subsidies, a professional environment and the presence of world’s best talent make the UAE an attractive hub for businesses wanting a base for their Middle East and North African operations and further expansion.
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.
Here are some of the benefits of using Kabar to establish your company: Expertise: We have a team of experienced professionals who can help you with all your company formation needs. Cost-effectiveness: We offer competitive rates for our services. Peace of mind: We are a trusted and reliable company formation and incorporation service provider. You can be confident that your company will be formed correctly and in accordance with all applicable laws and regulations. If you are looking for a company formation and incorporation service provider in Dubai, I highly recommend Kabar. We are a trusted and reliable company with a team of experienced professionals who can help you with all your company formation needs. Read extra information on https://dubaicompaniessetup.ae/.