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Why Dubai Free zone Company Formation ?
Dubai realized that their economy was too dependent on oil, it transformed itself into a diversified destination for business owners and entrepreneurs. With its prominent as one of the most lucrative MENA members presently, Dubai has made a name for itself as a premier investment destination in the world. Big companies and startups see Dubai as their next growth destination and are interested in setting up offices here.
The cosmopolitan and modern day culture presented by Dubai is a key attraction for expats wishing to invest in Dubai. With positive government backing, investors’ money is secured in the form of investment asset. This provides a high degree of safety and security for investors. The royal family’s backing for Dubai Tourism Vision 2020 too is seen as a major reason why the growth outlook looks highly optimistic for the emirate. The aggressive target of doubling the number of tourists from 10 million (2012) to 20 million by 2020 also signals immense business possibilities available for those looking to establish their ventures here.
As an investor, you can get three key types of companies formed here in Dubai
Mainland
If you are looking for company formation in mainland Dubai, then this is the type of company you should look into. Mainland Dubai offers a huge benefit of a variety of features and offerings that make running a business a convenient process. However, it is very challenging to set up a company in mainland Dubai and permits only up to 49% equity shareholding by a foreign company. You need an expert like EBS to guide you through the legal formalities of company formation in mainland Dubai. Be it sole proprietorship, LLC, joint venture, public shareholding, private shareholding, or partnership firm, EBS has the capability to set up your business in Mainland Dubai successfully.
Free Zone
Looking to set up a visible presence in Dubai but without the high costs? Then check with EBS to help you with assessing the viability of setting up your international business at the most appropriate free zone in the UAE. We cater to free zone business setup in Dubai, Ajman, Shams, Sharjah, Hamriyah, Fujairah, UAQ, and RAKIA. With free zones you get total foreign ownerships, tax exemptions, custom privileges, and well-established infrastructure you need to conduct your business successfully. With free zones you also avail of high quality labor available at a lower cost.
Offshore
If you want to set up a holding company for tax benefits then you need to explore our offshore company formation expertise at EBS. We help you with the documentation and the compliance processes to help set up a legal offshore company for your venture at Dubai and the UAE. With significant savings in taxation, this route is used by emerging companies who wish to set up a corporate presence in the Middle East without the necessary taxation overheads. If you are looking for licensing of franchises, or are involved in IP work (copyright, patents, or trademarks), then setting up an offshore company in Dubai would be a smart move.
Benefits of setting up a company in Dubai.
Remote organizations hoping to build up a universal presence can investigate the opportunities in Dubai. Here are some key advantages offered by setting up your business in Dubai.
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Transport, logistics, road network, telecommunications, teleservices, and power supply, international businesses get a lot of facilities and amenities when carrying out their businesses in free zones in Dubai.
Be it at the government level or the regulatory level, the overall environment provided by Dubai is very conducive for international businesses looking to set up operations here. Even the government is putting in a lot of efforts to ensure convenience and ease of operations for businesses in the free zones.
In mainland Dubai or other nations, foreign investment is limited in order to protect local business interests, but in free zones you can avail of 100% foreign ownership without any hassles.
Another reason why foreign companies love Dubai as an investment destination is the tax exemption except 5% VAT offered by the emirate. Depending on the type of industry or nature of company, you can avail of a tax holiday for around 5 to 15 years. Additionally, workers employed in these zones are exempted from personal income tax too.
Connect with us at EBS to know more about the business value you get when you go for company formation in Dubai.
