Advantages of Setting up a business in Dubai
Posted by dunitzsantrino on August 21st, 2015
The scope of business can be realized only when you step into the international market and excel in showing profitable business profits in a highly competitive global platform. The idea of starting a business in a country away from one’s own does involve a lot more complicated formalities. When these are understood and taken forward through the right consultants, the going gets much easier. Talking about the GCC countries, the procedure for Dubai company formation is much different and is bound by strict rules laid by the government. The rules pertaining to the foreign companies looking to start a business in Dubai can have their choices with respect to the type of company that they wish to commence.
The foreign company can start a branch office in Dubai or get started with a partnership business. They can open subsidiary companies, private companies and limited liability companies as well. Most of the companies prefer to operate business in the free zone because of the benefit of enjoying the profit for oneself entirely. The licensing requirements need to be checked thoroughly so the processing will not get delayed for any minute reason. The registration of the foreign companies for Dubai company formation is very important so as to get into the global market and get the maximum exposure and business reach.
In the case of Dubai offshore company, the advantages that can be enjoyed by these companies is tremendous. The company has hundred percent ownership on the profits. They have exemption from import duties, personal income tax, currency restrictions and bureaucratic red-tape. They are provided with all the essential things comprising of the modern infrastructure to set up a business and involving very low operating costs. The selection of the Free Zone depends on the exact nature of the business that an entrepreneur wishes to start in Dubai.
Whether it is real estate, manufacturing, ecommerce, heavy industry, broadcasting and publishing there are many Free Zones defined by the government to help the businesses flourish and reap good income. Dubai Silicon Oasis, Dubai Airport Free Zone, Dubai Airport Free Zone and Internet City are some of the many Free Zones that host a large number of branded foreign companies. No wonder the economy of Dubai is always regarded at its peak because of the diverse business choices that are available here. The success of Dubai offshore companies reflects a great economic growth in the mainland and the emirate of Dubai is known to give wings to dreams.
