4 Reasons why Dubai is Investor’s Paradise!


Everyone admits the comforts, luxury and benefits of running a business. Almost 90% of the people we talk to would suggest to do a business than to do a job. Then why are more people in search of a job than to start any small business?

setting up a business in Dubai

Is this a foul claim?
Never, it is true that people are earning $1000 against the investment of only $100. We have known people who have become millionaires in just one year. There are countless success stories of people becoming rich in a short period of time.

The question arises here, why then most of the people fear to make the investment. The answer is simple, our governments don’t provide us favorable and friendly business environment. We face all kinds of trade restrictions, huge taxes, import export constraints and other limitations that discourage people from starting a business.

Why people prefer setting up abusiness in Dubai?
Do you know the reason why 70% of Dubai’s population is consisted of Foreigners? Why so many people leave their native countries and rush to UAE? Because it is an investor’s paradise with friendly business policies that safeguard their interests. Consider the following investment friendly facilities to understand the fact. 

Tax

There is no income tax, withholding or corporate tax for foreigners. You have to register in one of the several tax free zones in UAE. Only Oil, Banking and Tobacco processing companies are taxed.

Custom Duties

There are top 10 container ports in the UAE. The government has removed customs and trade barriers to facilitate businessmen. The Standard custom rate is 5% on good’s costs. However free zones are considered outside the scope of customs territory and therefore companies in the free zones are not subject to custom duty. Import duty exemptions are only 2%.

100% ownership

Foreigners can own 100% of their business by registering the company in one of the free zones. However, if you want to operate from outside the free zone, you require a local sponsor or partner who will own at least 51% of your company.

Simple Registration Procedure

The process of company registration in Dubai is easy and it only takes one week and six simple procedures to get going. The Government has simplified the procedures to encourage more investment. UAE government is working on to provide more facilities to the businessmen. 

Conclusion

Dubai is the best place to start a new business with so many other business friendly facilities. There is no restriction on foreign exchange control and it offers one of the most modern infrastructures. There are a good number of job seekers from third world countries who can offer their services in low fees.

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