As an alternative to the more traditional business sectors, setting up a company in the United Arab Emirates is particularly advantageous for entrepreneurs in the fields of electronic commerce, online marketing, and consulting. The United Arab Emirates is home to more than a million people and is the world’s third-largest economy by gross domestic product (GDP).
Why not use a firm from the European Union as a case study?
The formation of a corporation inside the European Union, such as in Malta or Cyprus, is heavily discouraged. Throughout the European Union, taxation, accounting, and public company records are all prevalent, and they are also accessible in Malta and Cyprus. It is hoped that the development of many firms or the use of trustees would imply tax exemption or anonymity for the participants. In actuality, the EU does not have an effective tax rate of zero percent, and trustees only provide a limited level of confidentiality. The establishment of a staff office and the maintenance of accounting records are further substantial criteria. Many of our customers have previously worked with a Malta or Cyprus-based company and have miscalculated the complexity and yearly expenses of maintaining an office with employees, accounting, and trustee services, among other things.
What are the advantages of locating my firm in the United Arab Emirates?
A great deal of media attention has been focused on the United Arab Emirates, particularly on the city of Dubai, and with good cause. Dubai is strategically located between Europe, Africa, and Asia, making it a popular tourist destination. The result of this is that it has become a popular business site for a varied range of sectors and businesses. A more cosmopolitan and modern metropolis than Dubai is hard to find within a five-hour drive of the UAE capital. Personal and corporate tax rates are non-existent in the city’s meticulously controlled environment, which adheres to worldwide best practises. It is permissible for businesses in Dubai to repatriate cash in whichever currency they want. Such a high degree of financial independence is uncommon even in countries with established corporate infrastructures. In terms of infrastructure, Dubai is a world-class commercial city with state-of-the-art facilities.
The following are some further explanations:
- One that is free and open and is entirely interconnected with the rest of the world’s economic system.
- Because of its strategic location between Europe, Asia, and Africa, the city draws more than five million investors and visitors each year as a result of its strategic location.
- It is considered to be one of the safest cities in the world.
- In Dubai, people of more than 200 different nationalities live side by side.
- In the world’s most populous country, the financial industry comprises both domestic and foreign banks.
- The educational system in Dubai is designed to accommodate pupils from a variety of cultural and linguistic backgrounds.
- Dubai’s healthcare system is among the best in the world.
Why should I utilise DLS Dubai to establish my company in the United Arab Emirates?
DLS Dubai has over ten years of expertise in the formation of corporations and the establishment of bank accounts. We have an unrivalled internal network of professionals in Dubai, which we use to our advantage. It is our commitment to provide you with the finest service possible at the most reasonable price that distinguishes us from other company formation specialists in Dubai.
Is it necessary to get a visa for permanent residence?
By incorporating a company in Dubai, the directors and shareholders, as well as their immediate family members, become eligible for a Residence Visa. This is an optional option, but it offers several benefits, including the ease with which company accounts may be formed and the fact that no information about you is shared with your home country since you are considered a resident of the UAE.
Is it mandatory for me to pay taxes in the United Arab Emirates?
In the United Arab Emirates, there are no business or personal taxes. This signifies that there are neither corporate or capital gains taxes, nor are there any income taxes levied on individuals at the federal or state level.
Which steps should I take in order to create a bank account?
Given the fact that a business can only be completely operational with an established bank account, we personally assist you throughout the whole process of creating a bank account. We aid the bank in recognising the nature of your company concept. You will also benefit from our long-standing relationships with individuals inside the different institutions.
What is it about your pricing that makes them less expensive than those of your competitors?
Due to the fact that we operate directly with UAE authorities and have our own office in addition to a service licence in the UAE, we do not rely on middlemen.
Is it necessary for me to go to the United Arab Emirates in order to establish the company?
If you use our service, you may finish the creation of your business and signing of your shareholder’s agreement entirely online in a matter of minutes. According to the legislation, just your physical presence is necessary for the stamping of your residence visa and the creation of a bank account.
Is working for a firm situated in Dubai a good fit for me?
During our session, we will assist you in making a selection that takes into consideration both your present company demands and your long-term goals.
Is it feasible to set up a corporate account in several currencies at the same time?
Yes, all of the banks with which we do business provide accounts in the following currencies: AED, EUR, USD, and GBP. Each account also has a unique IBAN number, which may be used to make payments inside the European Union.
How can I get access to the account for my company?
At any moment, they may enter into their business account using internet banking or a mobile banking app, check account balances, and make any necessary transactions. In addition, you will be given a Visa or MasterCard, which will allow you to make purchases in shops all over the globe and withdraw cash from ATM machines. For UAE cards, there are significant limits on cash withdrawals. For example, you might withdraw 10,000 euros in cash every day from our partner banks using their credit or debit cards. Worldwide.
Is it critical for my firm to have a presence in the United Arab Emirates?
Yes. Our all-inclusive plan covers everything you need to run your business.
