When it comes to figuring out where to set up your business, the choices can feel endless and completely overwhelming. From identifying the country or state with the best benefits and lowest tax breaks to sorting through the business setup protocols and requirements, you can be left wondering how you’re even going to narrow down your search.
The truth of it is that there’s a place where you can start your business that many people don’t take the time to consider. It’s not even something on their radar half the time simply because the logistics feel too complicated. But the UAE has been a popular destination for businesses to start and grow rapidly for years. With the massive metropolitan area of Dubai at the heart of the UAE, there are incredible resources and opportunities at your fingertips around the clock.
Today, we wanted to discuss some of the most important benefits of setting up and starting your business in the UAE to help make your process easier from day one.
Location, location, location!
The United Arab Emirates is located in the heart of East and West trade routes, Europe, and Asia. This means that your business has direct and instant access to imports and exports in a major port. So whether you’re shipping in products for your business or want to export your high-quality products to customers around the world, you’re within reach of the world from Dubai.
Free Trade Zones
What’s a free trade zone, you ask? These are areas that were set up to attract foreign investors and entrepreneurs to the country. The most incredible part of these free trade zones is how they enable your company to do international business every day.
There are some essential features of free trade zones to understand, and they include:
- The availability of the entire required infrastructure – land, premises, roads, connections, etc.
- Clear rights of the foreign business owners.
- Possibility of 100% foreign participation in the company’s share capital and no need of involving the local citizen as a mandatory participant of the company.
- Total exemption from corporate and other tax payments and fees.
- Opportunities for the repatriation of the invested capital and gained profits.
- Total absence of the customs duties and fees.
While these are reserved for specific types of business, you can still take advantage of them. The free trade zones reserved for companies are production activities, sales, jewelry purchases, the technology sector, and trading business.
With Dubai being so integral in technology and imports and exports, massive development and innovation are happening in the region every day. This means whatever cutting-edge and advanced technology your business needs. It’s right there for you to have. So many businesses are finding that The UAE has become an epicenter of innovation and ingenuity across many different business sectors.
If you’re trying to figure out where to set up your business or need help with a start-up visa, the team at Dreamss Online is here to help. We help ensure your business is set up for success in Dubai from day one with our comprehensive business solutions. Call us today to find out how to get your business ready to hit the ground running in the UAE!