The United Arab Emirates is among the best counties in the world to start a company. UAE is segregated into a jurisdiction that enforces provincial principals, characterizes laws, provides jurisdictional benefits and levies taxes accordingly. Furthermore, the governmental reassurances, high-tech advancements and efficient infrastructure, just makes business setup in UAE an even more welcoming opportunity.
Entrepreneurs from across the globe still consider UAE as a tax advantageous country. This mainly due to the below-listed reasons:
- There are several freezones in the country that provide the tax-free status for companies.
- There is a limited tax applied to businesses compared to other countries.
- Tax applied to businesses or companies can be retrieved through the chain of supply
- UAE still does implement the tax on private revenue, which basically means the United Arab Emirates does not have any federal income tax.
- There are still several UAE business setup opportunities that provide zero-rated items of VAT such as exporting of goods and services to outside the GCC, international transport, sea, air and land means of transportation, investment on precious metals, newly constructed residential properties, education service, healthcare services, etc.
- UAE also ensured that sectors such as residential properties, bare land and local passenger transport are maintained as tax exempted sectors.
These features ensure UAE remains on the high competitiveness on an international scale amongst multiple tax jurisdictions.
Let’s note the specific features defining why is Business Setup in UAE is tax advantageous:
UAE invites investors and ensures that the substantial and diversified regions in the UAE, continues to offer various investment opportunities, maintaining it economically advantageous. Undoubtedly, the financial structure, the inventiveness in industrialization and the globalized approach of UAE are among the other advantages of business setup for investors.
For investors and foreign collaboration – the economic barriers and liabilities are extremely less compared to other nations offering business setup. UAE business setup still retains a tax advantageous country which increases the competency of the businesses established in UAE.
Niche Market Trends
UAE also provides a niche market for several commercial as well as industrial businesses – such as trading. Extensive policies enforced by the government including the tax advantages in UAE allow several entrepreneurs, capitalists and financial entities to create a distinct place for themselves.
To know more about the business setup in Dubai or anywhere in the United Arab Emirates or for any other related business setup service contact Shuraa Business Setup. Shuraa Business Setup is a leading business consultancy in UAE, providing you with A-Z business solutions related starting a business in Dubai or company formation in UAE.