Dubai Limited Liability Company
Healy Consultants Group PLC
16 July, 2014
Dubai is known for being the most successful and the most cosmopolitan city in the Middle East as it combines elements of both East and West. Therefore, Dubai has been attracting an ample amount of foreign investors from all over the world.
There are many advantages of setting up a Dubai company. First, Dubai is the gateway to the Middle East and Africa. Due to its strategic location and well developed shipping sector, the city currently hosts several international trading companies and freight and shipping companies. Second, Dubai boasts highly developed logistics and transportation infrastructure, making the city a perfect choice for product distribution. Furthermore, the city allows duty free exports to 17 Middle Eastern countries which encourages foreign investors to opt for offshore company formation in Dubai. Furthermore, most cities in the MEA region do not view foreign companies positively. By contrast, if you register your business in Dubai, it will benefit from the most liberal business laws in the region, while giving them access to Middle East, African and Asian markets. In addition, Company registration in Dubai allows foreign entrepreneurs to legally enhance their profits by minimizing their tax liabilities in a highly reputable jurisdiction. A Dubai company faces no company tax, personal tax, withholding taxes, VAT, import/export taxes and capital gains tax. Resident businesses also benefit from the city's 66 international double tax treaties which help reduce the withholding tax on foreign remittances.
There are many Dubai business entity types to choose from including limited liability companies, branch, representative office, and free zone companies. However, Dubai Limited Liability Company (LLC) is the most common type of entity used for Dubai company setup. An LLC can be set up in any sector of the economy, regardless of the owner's nationality. International investors should note that, for successful registration, a Dubai LLC must i) appoint at least one director and two shareholders ii) appoint at least one UAE national to be a 51% shareholder iii) deposit an initial share capital of US$267,000 and iv) rent office premises in Dubai.
Dubai is attracting a great amount of international investors as Dubai company registration allows access to several other international entrepreneurs as 80% of the city's population is foreigners. This forms the perfect ingredients for creativity and exchange of skills across industries and cultures, stoked by the free market environment. The East and West blend quite happily in the city. Last but not least, Dubai is also the most liveable city in the MEA due to well-developed infrastructure for both residential accommodation, studies, work, entertainment and tourism. In the future, Dubai will continue to be the favourite destinations for international investors.
« Go Back to Blogs