Dubai is, by far known as the wealthiest and one of the most famous cities in the world. The place has gained its importance for its business dealings and wealthy business tycoons. Seeing such examples, it is quite obvious to start a business in Dubai. It will not only benefit you but also can make you more productive in no small extent.
But before you start thinking about your new business plan, there are a few things you must know.
Why form your company in Dubai?
Dubai is one of the cities which have transformed itself into a business hub within a short period of time. Not only this, there are plenty of rules and regulations that make it easier for the entrepreneurs in Dubai. So if you are looking for a place where your business can thrive without facing too many legal barriers then Dubai is the right place for you!
Among several factors to choose Dubai as your business destination, these three reasons are worth the mention.
- The location
The location of your business will play a crucial role in its prosperity. Dubai has a strategic location since it is the gateway of import and export to the eastern markets, for which the foreign investors put their focus on Dubai and its adjoining areas. Also, this place has a skilled workforce for any business field that you may find interest in.
- Taxation policies of Dubai
If you have a keen observation of the tax laws of the free trading zones of Dubai, you will find how beneficial it can be for your venture. It offers multiple business opportunities for both local and foreign investors with the only investment being the Dubai company registration cost. The reason why the free trade zone of Dubai will be suitable for any business, is that the area has favorable tax regimes, which state that any international entrepreneur can have 100% ownership on his company with zero tax impositions. These free trade zones of Dubai are growing with time as they encourage new investors from all over the world to start their venture right in the heart of Dubai!
- No need to invest much on legal procedures!
Despite having the free trade zone in the city, the only major expense that you have to do is on the Dubai company registration cost and the related processes. The payment mode for the Dubai company registration cost is annually or based on individual departments.
Some facts about the Dubai company registration cost
The foreign and local investors of Dubai enjoy low taxation facility along with double tax dealing with other countries that have free trading agreements with Dubai. But prior to everything, you have to check the Dubai company registration cost. Once you are aware of the complete Dubai company registration cost and the related expenses for starting your business, you can focus on the various crucial business activities.
According to the brokers of the real estate, the Dubai registration cost is AED 5000/-. The total expense for the economic development department tends to AED 3020 per year while the amount for the external department reaches up to an annual amount of AED 12.447.
