It is probably an undeniable fact that offshore company incorporation in the United Arab Emirates is one of the most talked about phenomenon in today’s world. However, there are several factors associated with the rising popularity of both onshore and offshore company setup in and around the country. If we are to talk about the last three decades has seen a drastic change, which has eventually resulted into a more diversified economy with low operational and logistical costs.
When it comes to an offshore company formation or a business setup in Dubai Freezone, expats might tend to be somewhat skeptical about it at the beginning, but what I personally feel is the fact that the country is now equipped with an impressive infrastructure and other economically advanced amenities that can help an individual establish trades and carry out all operational duties in and around the city of Dubai.
If we are to talk about it more explicitly, then it is to be mentioned that there are a few perks and allowances available to the entrepreneurs planning to set up offshore ventures and companies in the freezones of Dubai. Let’s know about it further.
Offshore company setup in Dubai
Setting up offshore companies in and around the city of Dubai has several advantages. From strategic location to a diversified and open market that the entrepreneurs are likely to enjoy, this city is reportedly all geared up to help all enthusiastic businessmen enjoy seamless business transactions, prosperity and growth in the long run. For example, we all know that taxation is a major issue of concern when it comes to trading.
Now, the good news is the fact that establishing offshore business in the city will help people to enjoy 100% tax exemption. Moreover, an offshore company can be formed in virtual form. This means that there is no requirement for an individual to have an office in the UAE. Also, an offshore company apparently takes lesser time to get established as the incorporation process for the same is comparatively faster.
Freezone business setup in Dubai
Talking of the Freezone company setup in and around Dubai, it is to be mentioned that setting up a company in Dubai’s Freezone might just help an individual get better opportunities to carry on with their corporate operations in a smoother and seamless way. Here’s why:
- Investors get to enjoy 100% ownership, irrespective of their nationality.
- Entrepreneurs get to enjoy import and export duty exemptions.
- There’s the perk of enjoying 100% tax exemption on all corporate and capital gains.
- There’s no requirement for depositing any capital amount.
- The advantage of enjoying corporate tax exemption for 15 years.
However, with the above mentioned data accumulated from trusted sources, it seems that the business scenario in and around the city of Dubai is fairly promising, and setting up offshore companies and businesses in the freezones of the city might just prove to be a favorable venture.
