Pleasing people the world over
  • Home
  • Adventure
  • Car Rental
  • Destination & Places
    • Holidays & Vacation
    • Hotels
    • Transport
    • Travel & Leisure
  • Email Us
Pleasing people the world over
  • Home
  • Adventure
  • Car Rental
  • Destination & Places
    • Holidays & Vacation
    • Hotels
    • Transport
    • Travel & Leisure
  • Email Us
Pleasing people the world over
Adventure,

Why register a company in the United Arab Emirates?

October 11, 2019 / By Nicole Helvetius
United Arab Emirates

A recent media report stated that a total of 32,256 business licenses were issued in the UAE over the first eight months of the year, bringing to 572,615 the total number of business permits in the country, a growth of 6 pc from 540,359 by the end of December.

The media report directed by the Ministry of Economy’s National Economic Register also mentioned that there has been a substantial upsurge in business licenses. This has also immensely contributed to the economic growth as estimated and backed up by the Central Bank of the United Arab Emirates. The Central Bank noted that the predictable GDP in the country will grow by 2.4 pc in 2019.

The statistics showcase that the United Arab Emirates continues to attract foreign investment each year with people choosing the country to set up new companies or set up branch offices. Strong financial reserves, a large sovereign wealth fund, consistent government spending, a progressive policy of economic diversification and increased foreign investment that contributes to the UAE’s robust economy. Due to these measures, foreign investors are attracted to Dubai and various other Emirates across the UAE. They intend to capitalize on the high standard of living, profitable business opportunities and extremely low taxes.

UAE is centrally located connecting the East and the West and companies also benefit from working between the time zones to hyper elevate business operations and ease communications on a global scale. Starting a business in the UAE can be beneficial on a global forefront, but each business activity is different and needs to be positioned precisely.

The UAE has several multi-specialty jurisdictions offering complete foreign ownership with 100% profit repatriation; economic incentives and tax exemption. These jurisdictions are mainly classified under three – they are Mainland, Free zones and Offshore.

UAE Mainland

UAE Mainland companies are directed by the Department of Economic Development in every Emirate. UAE Mainland companies are the most advantageous in terms of doing business globally as well as within the UAE. Mainland companies have fewer restrictions compared to any other jurisdiction. Also, the setup and operational costs are affordable for a long-term business. As per the commercial law in the UAE, a mainland business does need a partnership with a UAE national. Nevertheless, a business setup service provider can become a local partner, ensure documented reliability and handover all the company’s authority.

UAE Free zones

A free zone is a discrete commercial entity with its own set of rules and regulations. UAE free zones allow 100% foreign ownership. Free zones offer excellent infrastructure, asset protection, and tax exemptions. There are hundreds of free zones in the UAE that companies can opt from, each free zone has its advantages and limitations. Free zone establishments are limited to conduct business only within the situated free zone, outside the country or B2B transactions in the UAE. But the fabulous tax benefits far outshine any limitations.

UAE Offshore 

Offshore companies in the UAE is an ideal way to secure money and assets. Businesses can be conducted privately in the UAE offshores and complete confidentiality is maintained by the offshore authorities. Companies can do business overseas and have UAE bank accounts. However, offshore companies cannot conduct business in the Emirates as they only get a certification of incorporation.

To know prospects of setting up a business in the UAE or to know why and where to setup a business in the UAE, then its always best to consult a business setup service company where you can get all the A-Z services on setting up a business in UAE, rather than doing it on your own because company formation in Dubai is little complicated as the law in UAE is very strict.

010no comment

Best Hotels To Stay Near Delhi Airport

Previous Post

6 Last-Minute Packing Tips For An Unplanned Vacation

Next Article

Leave a Reply Cancel reply

You must be logged in to post a comment.

Find Us on Facebook

Holidays & Vacation

  • Let’s Swim with Friendliest Creatures!

    Let’s Swim with Friendliest Creatures!

    September 30, 2020
  • Get the Best Experience of Sailing Holidays

    Get the Best Experience of Sailing Holidays

    September 9, 2020
  • Plan your Manileño vacation – Visit Manila

    Plan your Manileño vacation – Visit Manila

    March 11, 2020
  • 3 Incredible European Locations to Buy a Holiday Home

    3 Incredible European Locations to Buy a Holiday Home

    March 10, 2020
  • Top Things You Must Know About The Full Moon Party In Thailand

    Top Things You Must Know About The Full Moon Party In Thailand

    March 6, 2020
  • Top Things to Do and See in Ukraine

    Top Things to Do and See in Ukraine

    February 19, 2020
  • Great Escape Ideas for a Relaxing Holiday

    Great Escape Ideas for a Relaxing Holiday

    November 28, 2019

Latest Posts

  • Traveling by Bus? 5 Tips For a Better Trip

    Traveling by Bus? 5 Tips For a Better Trip

    January 13, 2021
  • Best Places to Visit in Latrobe for Wedding trip in 2020

    Best Places to Visit in Latrobe for Wedding trip in 2020

    December 29, 2020
  • Top 6 Places to Visit at New York State (NYC) with United Airlines

    Top 6 Places to Visit at New York State (NYC) with United Airlines

    December 26, 2020

Recent Posts

  • Traveling by Bus? 5 Tips For a Better Trip
  • Swim with Dolphins in Ocho Rios
  • Best Places to Visit in Latrobe for Wedding trip in 2020
  • Top 6 Places to Visit at New York State (NYC) with United Airlines
  • Most 5 Places to Visit in Argentina with Your Friends

Latest News

  • Let’s Swim with Friendliest Creatures!

    Let’s Swim with Friendliest Creatures!

    September 30, 2020
  • Get the Best Experience of Sailing Holidays

    Get the Best Experience of Sailing Holidays

    September 9, 2020
  • Plan your Manileño vacation – Visit Manila

    Plan your Manileño vacation – Visit Manila

    March 11, 2020

© 2019 - worldatlasbook.com