Company creation providers in Dubai right now: 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.
Freezones have regulations that boost business and an environment that act to protect it. Is the perfect place where starting a business. Freezones permit the ownership of the new company created to be 100% to a foreign person. Freezones maintain a high standard regarding everyday life (transportation, infrastructure, relax, etc) becoming the perfect incubator for rising business and new ideas that will impact worldwide everybody’s lives. Kaper can support you! Every business start with your needs and the plan you have in mind. You can easily book an appointment or contact us through our home page, there you’ll find all the details to be in touch with us. Read even 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.
But this isn’t all. The UAE is home to a wide range of cultural and economic variations, has a stable and enabling political system, capital flows are based on strong revenue streams, the tax environment is friendly and trade laws are highly favourable. The UAE in itself is an example of how resilience and commitment can turn a little-known country into an economic, tourist and commercial capital for the world’s population to live, work and visit.
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. Discover more details on https://dubaicompaniessetup.ae/.