Tax Benefits For Setting A Business In UAE
Business

Tax Benefits For Setting A Business In UAE

Tax Benefits For Setting A Business In UAE

The most attractive feature that drives investors to the UAE is its huge tax benefits. If you want to business setup in the UAE there are a few things you need to know.

Dubai is one of seven kings in the United Arab Emirates (UAE) and has 22 free territories. Foreigners can own 100% of the company’s shares in these free areas (no local Emirati partner is required) and can enjoy amazing tax benefits.

The UAE offers an amazing business environment: no corporate tax, no personal income tax, no additional taxes, no social security costs, free trade in board-based services, free migration to anyone wishing to work, stable income, no financial controls and limited government interventions in the economy. Government is very much focused on attracting investors and investing in infrastructure.

A free local company in Dubai is an obvious choice for anyone considering the establishment of (part) of a company in Dubai that is free and tax-loving.

The tax benefits are:

  • 100% external ownership allowed;
  • Renting Flexi offices and desks;
  • Obtaining permanent visas;
  • 0% corporate tax;
  • 0% tax on people living in the UAE;
  • Easy to hire (outsiders);
  • 15-50 year warranty against future corporate taxation;
  • Import duty (tax is 5% of most goods), if goods are not delivered to the local market.

The Dubai Multi Commodities Center (DMCC) is now the largest and fastest growing area in the UAE. The DMCC also became the first UAE free agency to offer free business premises (e.g. anyone can become a property owner).

Ras Al Khaimah (or RAK as it is popularly known) is now known as one of the most attractive industrial and commercial centers in the Middle East with more than 7,000 companies from around the world laying their roots in RAK. Just 45 minutes from Dubai, offers the same benefits of the Free Zone as a neighbor but also comes with a lower cost of living – ideal for foreign investors looking for new destinations.

Carefully read all tax advantages so that you can avail them to your maximum advantage.

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