3 Reasons to Set up Your Business in Dubai You would see that there are more and more numbers of foreign companies that are setting up a business in Dubai. Dubai is considered to be the business hub of the world due to the fact that people from all over the world indulge in new business setup in Dubai, now more than ever. If you are one of those people that are looking to expand your business further or are willing to setup a new business, then Dubai should be at the top of your preferred locations to do so. There are many beneficial reasons why you should consider setting up a new business in Dubai, one of them is the company registration cost in Dubai is lesser as compared to other business locations. Some more reasons are mentioned below.
A commercial capital: You would be surprised to know that Dubai now ranks 15th in the globe amongst the top global commercial locations. It is emerging as one of the fastest growing commercial hub, which has its own benefits, particularly for the companies that are new and looking for a growth base. There are many reasons why Dubai is a globally renowned leader when it comes to commercial zones, some of them are – o Dubai consists of an excellent transportation system o Dubai offers considerably lower taxation for new companies o Dubai tends to thrive on an oil-driven economy, which offers a much stable economic landscape as compared to others
Huge tax benefits: Since the country’s government wishes to build a business-friendly environment in all the emirates, foreign investors and companies get to enjoy and take advantage of huge tax benefits. For example, a foreign investor is exempted from paying capital gains, corporate, and personal taxes. Moreover, Dubai has VAT implied at only 5%, which is way lower than a majority of the commercial capitals around the world.
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