Benefits of Income Growth for foreign companies doing business in the UAE
Posted by sunainaram on October 3rd, 2015
The formalities that are required to enter the business arena in UAE for feign companies is much high and at the same time this has to go through a systematic process as well.
Offshore company formation in UAE means that a company is set up in a jurisdiction outside the prevailing jurisdiction in a place. The role of a registered agent is very important and at the same time this also helps to bring ease in the endless processes involved in the process. In fact there are four offshore jurisdictions in the UAE where the foreign companies can get to start their business depending on the type and nature of the line of operations. These are JAFZA (Jabel Ali Free Zone Offshore), RAK FTZ (Ras Ul Kahimah Free Trade Zone Offshore), JAFZA (Jabel Ali Free Zone Offshore), Ajman Offshore and RAKIA (Ras Ul Khaimah Investment Authority).
The nature of business in the emirates is quite different from the other countries. There are special provisions for Free Zone Company set up that makes it easy for the foreign companies to set their business in the various defined Free Zones. The benefits that the people get to enjoy with respect to the returns and profit accrual is really good. The importance of having the influence of the foreign companies who work in the free zones so as to escalate their sales and their brand name within the allotted area is a regular custom. The success adds to the economic growth of UAE rather than depending on just the traditional ways of business streams. The Offshore company formation in UAE has benefitted so many companies across the worlds who feel that having a presence in the UAE is the best thing that they could have wished for because of the abundance of benefits and the tax free rules that comes to their advantage.
Over the past few years the growth of the various emirates is also because of the many non-resident companies coming into the various areas that they call the Free Zone Company set up by complying with all the legal formalities and the documentation processing with the help of the reliable registered agents suggested by the consultants who help in the registration of these companies in their designated free zone areas.
When a foreign company is ready to take a risk to get maximum benefits in future without having to pay exorbitant taxes while operating in any foreign country, UAE is perhaps the best place these days promising very good growth potential.
