How expats are lured for a setting up a business in Dubai?
- davidbakers
- May 30, 2017
- 2 min read
The city of Dubai is always known to be a paradise for shoppers, builders and company formations from all around the world. It attracts more and more investors from around the globe and the laws here are also made expat friendly to accommodate the investors here.
Main reasons: One of the main reasons is its geostrategic location as it connects Asia to North Africa and is in close range from Europe. Another reason is tax-free or often known as ‘tension-free’ economy that attracts expats from all over the world.
Repatriation: Repatriation rules in the UAE also play a big factor in luring the people for a business setup in Dubai. Below are some of the other benefits ideal for businessmen.
Other benefits:
There aren’t any limitations on the registration of the company and also the company can be fully owned by the foreign citizen (free zone registration).
In normal circumstances, only two to three days are required for company registration.
Banks accounts are opened in not time whether with the help of the consultant or without them. Banks offer services for any kind of venture.
Companies that are registered in the domain of export and import are exempted from all kinds of taxes.
There isn’t any duty imposed on the goods that are imported or exported through the free zones of the country.
There aren’t any restrictions on the import and export of the capitals or funds. They can be easily sent abroad without any minimum limitations.
Dubai offers great logistics facilities to the people who want to transfer items in large volumes. The sea and airports of the country are known to offer facilities of transferring large volumes of logistics.
Business setup in Dubai is made more convenient by the fact that it provides a comfortable and stress-free environment for the residents and expats enjoy a lot of facilities while living here. The law and order situation is great.
World-class infrastructural developments enable this beautiful emirate to surge above many of the competing cities of the region. Either it is the residence or the office space a world class environment in the city is guaranteed.
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