Benefits of Starting a Business in Dubai
06 March, 2015
Foreign companies that are thinking about opening up a business in Dubai will find that it can offer a number of benefits. The first thing that they need to do when starting their business is to determine whether they want to register a mainland/non free zone company that is able to operate anywhere in Dubai and other emirates, or if they want to register their company in one of the free zones instead. The free zones are the most likely area in which to start a business, as they can offer quite a few advantages for international companies. In fact, the creation of the free zones was meant to be something that would attract foreign companies.
Why Set Up a Company in the Dubai Free Zones?
One of the best things about starting a company in one of the free zones is the fact that the company will be able to have 100% foreign ownership. When you are setting up in other areas of Dubai and the emirates, the foreigners will not be able to own the majority of the company. They will only be able to own 49% of it. Since the free zones do not have this restriction, more companies are choosing to set up in those areas.
Another one of the big advantages to starting a company in a free zone is the tax exemption. Those businesses in these zones will not have to pay any taxes at all for a number of years. In most cases, it is between ten and fifteen years. However, it is possible to renew this exemption for even longer. In addition, there are no personal income taxes for the workers in these zones.
Of course, when starting a business, owners want to make sure that the overall business environment is positive. In Dubai, the economy is strong and is growing by the day. More and more businesses are entering the country, the tourist economy is strong, and it is very easy and cost effective to operate there. In addition, the government of Dubai is very supportive when it comes to developing the free zones and making them even better hubs for business.
The infrastructure of Dubai is strong as well. Business owners will find a wealth of different amenities and features, including excellent telecommunications and travel conditions.
Finding manpower in Dubai is easy as well. They have a highly skilled and hard working populace made up of emirati nationals as well as many foreign workers. In fact, the number of foreign workers in the zones far outnumbers the nationals. Finding the right workers for the job is never a problem.
Consider Setting Up in Dubai
These are just some of the many advantages to setting up a company in Dubai. It is a great option for those who are running small to mid-sized businesses, as well as those who are running larger companies. Just make sure that you are choosing the right free zone for your type of business and that you know and understand the requirements to licensing in the area.
« Go Back to Blogs