Dubai is a city which is home to many of the most successful entrepreneurs from all over the world. There are lots of foreign investors who want to establish a presence in Dubai to take advantage of the city’s business environment and low taxes.
However, as well as the low taxes, there is something else which is very attractive about Dubai. This is the ability to own 100% of a company. Previously, it was not possible to own more than 50%. This is why there are so many overseas businessmen living in Dubai today. They can own 100% of their company, and can then sell the business to an Emirati when they decide to move back home.
Can a foreigner start a business in Dubai?
Many companies and entrepreneurs have found that Dubai is a great place to base their operations, as it offers a number of benefits including stability and security, a high quality of life, and favorable tax rates.
The government is also friendly towards non-nationals, offering free office space to businesses. These offices include a range of services, such as Internet connectivity, translation assistance, and legal advice. Companies that are based in Dubai can apply for an Electronic Transaction License, allowing them to process electronic payments.
For many business owners, the easiest way to get started in the region is to invest in a franchise. Dubai has a thriving franchise industry, with around 3,500 active franchises.
Starting a business as a foreigner
If you are interested in Company Registration in Dubai, you must first decide what kind of business you want to run. Dubai is one of the largest business hubs in the world, attracting thousands of foreign companies each year. The city’s strategic location makes it a great place to start a new business. In addition, the local government is very receptive to foreign investors and entrepreneurs.
For example, Dubai International Financial Center (DIFC), a free trade zone located in Dubai, offers low tax rates and zero or low tariffs for a wide range of goods. There are also no restrictions on the types of companies that can operate in the zone. Foreign companies have a wide array of choices, including the option of operating under an offshore company, a foreign limited liability company, or a foreign joint venture.
The best place for a businessperson is Dubai. It is located on the Arabian Gulf and has many attractive features. Some of these features include an economy that is booming, low costs and taxes, and the ability to get visas quickly.
For a start-up, you can be incorporated in Dubai in as little as 30 days. There are different laws for different kinds of companies in Dubai. There are limited liability companies (LLCs), which are the most popular choice.
If you think to start a business in Dubai, it is best to speak to an immigration lawyer who understands the UAE business system. The best thing to do is to contact a firm like the UAE Law Offices.
