Great Benefits Of Doing Business Setup In Dubai
Today, the United Arab Emirates has seven independent and relatively independent subjects. Each Emirate has its essentials and offers exceptional financially viable features for business. The country is situated at the junction of business routes from west to east and into Asia. Because of this advantageous location, the UAE has become the central international business hub for commerce, banking, manufacturing, modern logistics, and more.
The significant advantages of doing business in the UAE
There are many free trade zones in the United Arab Emirates, which are developed to attract business – foreign investors and entrepreneurs. These free trade zones became one of the leading aspects of the growth of international business in the UAE and an excellent reason for moving the different big and medium-sized international firms into the country.
Company registration in such free trade zones offers foreign business people the likelihood of full ownership and management. There are significant taxes and major benefits, and there are no limits on the amount and nature of investment resources’ movements and repatriation for companies domiciled in the country of the free trade zones.
The powers of the United Arab Emirates also offer the opportunity to set up a business in Dubai, which can consist of businesses only outside the UAE. Still, they can simultaneously obtain fixed property within the country, participate in investment projects, and offer to own other agencies in the UAE and overseas.
There are no limitations at the law-making level on currency exchange, revenue, and its withdrawal in the form of extra and capital transmission. The authorities intend to optimize all procedures and abridge the opportunities for holding on business to the greatest expansion, which results in stable work at all levels and the improvement of the country’s law-making system and regulations.
Business Benefits Secured On The Legislative Level:
- Zero corporate taxes on the earned profits for legal entities;
- Zero income taxation for business owners and companies’ employees;
- Convenient financial reporting system – no need to perform an annual audit or simplified reporting.
- Security of the interests of the foreign business owners.
Furthermore, the whole way of life of the UAE explores immense prospects and opportunities for further formation and development of a successful business through the Business Setup Service in Dubai to promote your own business on an entirely new international level.
Start your profitable Business Setup In the Rak Free Zone.
Ras Al Khaimah Economic Zone (RAKEZ) has been the major alternative for close to 14,000 businesses worldwide. Almost 1,000 companies from the UK, 3000 from India, and the rest from more than 100 countries have set up their offices in RAKEZ.
Five reasons why investors opt for a Business Setup In Rak Free Zone
Growing Popularity:
With an incredible development route, Ras Al Khaimah Economic Zone has been buzzing news in business spheres. What else might be a better pointer for business than one always in the news? RAKEZ has sacked many high-status awards and gratitude, making it most popular with international entrepreneurs. Some awards include:
fDi’s Global Free Zones of the Year Award 2018 for slashing Red Tape,
The UAE Prime Minister’s 4-star rating for delivering seamless service,
The Legal 500’s GC Powerlist inclusion
Finally, when it comes to business, the recognition of the destination makes it a preferred location.
Seaport-Airport Facility:
A port is essential for any industry, manufacturing or circulation, to flourish. Having a harbour closer to your business allows easy and fast delivery of goods. Running in RAKEZ means you can access Saqr Port, the major bulk cargo-managing port in the Middle East.
Another advantage is that RAKEZ offers easy air access to worldwide markets. With the RAK International Airport, target markets such as the Middle East and North Africa, Europe, and Asia remain closer to reach.
Tailored Warehouse At Your Disposal:
RAKEZ’s vibrant warehousing solutions start from 150 sqm. These solutions are offered to all license holders on rent and are personalized to fit all business requirements. These solutions are provided for all license holders on rent and are customizable to fit business requirements. RAKEZ warehouses have heat-insulated doors and roofs, sufficient sparts for loading and unloading goods, onsite-labour accommodation, office service inside, etc.
Cost-Effective Financing Availability:
Many businesses choose RAKEZ because of its economic process. Furthermore, to be UAE’s most efficiently feasible free zone according to 2017’s fDi’s Global Free Zones of the Year Award, RAKEZ offers up to 40% of investment to businesses looking to start up in the area. To ease this, RAKEZ has also signed an MOU with RAK BANK, which ensures easy accessibility of financial services for businesses within their places.
