The country offers entrepreneurs not only a temporary shelter during this difficult period, but also a unique opportunity to preserve and optimize capital. Here, they can protect their assets, gain an advantageous position in a rapidly developing market, and multiply their opportunities in the face of global challenges.
Relocating or establishing a business in the Emirates is your first step towards new opportunities!
In European countries, income tax can be as high as 55.9%! This means that more than half of the money you earn goes to the treasury. Even in countries that are considered "low" tax rates range from 15% to 40%.
The United Arab Emirates has an income tax rate of 0%! Here, entrepreneurs are free to spend their profits on growth and scale. And this is not a temporary measure, but part of an economic strategy!
VAT in the UAE is 5%. Corporate income tax is only 9%, one of the lowest in the world, and applies only to income over $100,000. Overall, the tax system is simple and transparent, making the country an attractive place to do business.
Unlike many European countries, where political changes can lead to economic fluctuations and uncertainty, the Emirati government has a consistent policy of developing the economy and attracting foreign investment.
Doing business in the UAE in this environment allows entrepreneurs to focus on their strategies and long-term goals.
The UAE's local currency, the dirham, is pegged to the US dollar, making it stable and predictable. This is especially important for international companies that work with multiple currencies. The Dirham's stability reduces currency risk and allows business owners to plan their financial transactions with greater certainty. This approach helps avoid unexpected losses and makes business processes more manageable.
The Emirates is known for its stable and modern banking system. Throughout the history of the national banking institutions, there has not been a single case of bankruptcy, demonstrating the reliability and stability of the financial sector. This was possible due to the strict requirements of the Central Bank of the country regarding financial activities. All credit and banking organizations are required to maintain a sufficient level of capital to enable them to operate successfully even in times of economic crisis. This approach protects the interests of customers and creates confidence in financial operations.
The UAE is a safe country with a high standard of living. The government is constantly working on attractive programs to attract highly skilled professionals from around the world, creating a diverse and dynamic society. This leads to an increased demand for a wide range of goods and services, from luxury brands to innovative technology.
Relocating and starting a business in Dubai gives entrepreneurs the opportunity to reach new markets and expand their customer base.
Do you want to open a business in the Emirates without the risks and unnecessary costs?
Then you need an experienced Dubai business consultant. The StableGrowz team will help you understand local laws, choose the best legal form and register your company with minimal costs. We will provide full and competent support at all stages so that you can focus on growing your business.