13 reasons to launch a business in the UAE: golden visas, free zones, no income tax, low tariffs, total ownership, and more
When it comes to conducting business, the United Arab Emirates counts among the most appealing countries in the entire world. Local authorities make sure to provide a lot of incentives for investors, support entrepreneurship and encourage the creation of many companies as a way to diversify the sources of national income. In this article we’ll dive into all the reasons to launch business in the Emirates.
13 reasons to launch a business in the UAE
13 reasons to launch a business in the UAE: golden visas, free zones, no income tax, low tariffs, total ownership, and more
When it comes to conducting business, the United Arab Emirates counts among the most appealing countries in the entire world. Local authorities make sure to provide a lot of incentives for investors, support entrepreneurship and encourage the creation of many companies as a way to diversify the sources of national income. In this article we’ll dive into all the reasons to launch business in the Emirates.
1.You only need 15 minutes to set up a company in Dubai.
A digital platform Basher was created for investors and businessmen in the UAE. It provides a full spectrum of public services for conducting business, simplifying the entire process and attracting more investments to the country.
This brand-new tool for company registration in the UAE utilises an intelligent unified framework that offers easy and safe procedures to get a business registration licence while skipping a personal visit to any government agency.
2.100% ownership.
According to the Federal Law on Commercial Companies, foreign investors are allowed to set up companies in the UAE and all its regions and have complete ownership over them. It provides maximum freedom for the entrepreneurs that seek full control over their business operations.
3.2000 kinds of business.
Foreigners in the UAE are able to invest in agriculture, construction, trade, education and other industries. The only exceptions provided by the law are a handful of business activities that have strategic importance.
4.Access to any type of business ownership.
The Law on Commercial Companies provides foreign investors with an opportunity to own all legal forms of incorporation, like PLCs, LLCs, etc.
5.About 40 free trading zones.
Investors are able to choose a free trading zone that suits them best when they launch business in the UAE. Those zones are spread all over the country, allowing everyone to carry out economic affairs.
6.No need for the UAE citizen agent for conducting business.
If a foreign company plans to open a branch to do business in the country, it doesn’t need to have an agent who is a citizen of the United Arab Emirates.
7.Simplified requirements for board composition.
The UAE law doesn’t require the chairman of the board or the board majority to be UAE citizens, giving foreign investors complete control over their shares in the company.
8.No minimum requirements for capital stock.
The UAE law demands transparency about the capital stock in the foundation document and the stature of association from the investors. However, there are no minimum capital stock requirements for the companies with limited shareholder liability. It makes both company registration and business operations much easier for the investors.
9.No income tax.
The UAE doesn’t impose an income tax on private individuals. Entrepreneurs and investors are getting their profits in their entirety.
10.Golden visas.
The UAE has established a system of long-term staying visas for the duration of five to ten years which targets investors, businessmen and outstanding people. It allows the businessmen and their families to settle in the country, to work, live, study, launch their business and enjoy long-term stay in the Emirates.
11.Simplicity of attracting professional workforce.
The UAE has a reputation of an incubator of the highly-qualified workforce and human capital with the talents for vital sectors of the economy. Growing labour sector allowed the UAE to cultivate professional personnel in a wide variety of industries.
12.Accessible tariffs.
Low 0-5% tariffs helped the United Arab Emirates to become the global trade hub which made the UAE a regional and world leader in trade. It’s 3rd in the world and 1st among the Arab countries when it comes to total re-exports.
13.Support of the industrial sector.
The UAE authorities actively support the industrial sector through various government programs, grants and subsidies, allowing for additional opportunities for growth and development of business.
A digital platform Basher was created for investors and businessmen in the UAE. It provides a full spectrum of public services for conducting business, simplifying the entire process and attracting more investments to the country.
This brand-new tool for company registration in the UAE utilises an intelligent unified framework that offers easy and safe procedures to get a business registration licence while skipping a personal visit to any government agency.
2.100% ownership.
According to the Federal Law on Commercial Companies, foreign investors are allowed to set up companies in the UAE and all its regions and have complete ownership over them. It provides maximum freedom for the entrepreneurs that seek full control over their business operations.
3.2000 kinds of business.
Foreigners in the UAE are able to invest in agriculture, construction, trade, education and other industries. The only exceptions provided by the law are a handful of business activities that have strategic importance.
4.Access to any type of business ownership.
The Law on Commercial Companies provides foreign investors with an opportunity to own all legal forms of incorporation, like PLCs, LLCs, etc.
5.About 40 free trading zones.
Investors are able to choose a free trading zone that suits them best when they launch business in the UAE. Those zones are spread all over the country, allowing everyone to carry out economic affairs.
6.No need for the UAE citizen agent for conducting business.
If a foreign company plans to open a branch to do business in the country, it doesn’t need to have an agent who is a citizen of the United Arab Emirates.
7.Simplified requirements for board composition.
The UAE law doesn’t require the chairman of the board or the board majority to be UAE citizens, giving foreign investors complete control over their shares in the company.
8.No minimum requirements for capital stock.
The UAE law demands transparency about the capital stock in the foundation document and the stature of association from the investors. However, there are no minimum capital stock requirements for the companies with limited shareholder liability. It makes both company registration and business operations much easier for the investors.
9.No income tax.
The UAE doesn’t impose an income tax on private individuals. Entrepreneurs and investors are getting their profits in their entirety.
10.Golden visas.
The UAE has established a system of long-term staying visas for the duration of five to ten years which targets investors, businessmen and outstanding people. It allows the businessmen and their families to settle in the country, to work, live, study, launch their business and enjoy long-term stay in the Emirates.
11.Simplicity of attracting professional workforce.
The UAE has a reputation of an incubator of the highly-qualified workforce and human capital with the talents for vital sectors of the economy. Growing labour sector allowed the UAE to cultivate professional personnel in a wide variety of industries.
12.Accessible tariffs.
Low 0-5% tariffs helped the United Arab Emirates to become the global trade hub which made the UAE a regional and world leader in trade. It’s 3rd in the world and 1st among the Arab countries when it comes to total re-exports.
13.Support of the industrial sector.
The UAE authorities actively support the industrial sector through various government programs, grants and subsidies, allowing for additional opportunities for growth and development of business.
19.12.2024
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