Why Dubai makes business sense - the Dubai advantage
If you are an entrepreneurial person, Dubai is perhaps just the place to be. A carefully structured Dubai company is the best way to legitimately book international profits. Dubai rewards and encourages enterprise in many ways, including:
- No personal income and capital taxes
- No corporate taxation
- 100% repatriation of capital and profits
- No currency restrictions
- Competitive import duties (5% with many exemptions).
That apart, Dubai’s macroeconomic outlook remains as encouraging as ever. Dubai also has the below advantages:
- Reputation - Dubai companies are not perceived as companies based in tax havens. Dubai is a reputed, regulated international trade destination.
- A growing market - Dubai’s imports have more than doubled since 1989;
- A prosperous market - strategic location at the heart of one of the world’s richest regions;
- A diversified market - wide import requirements; opportunities for suppliers of most products;
- An accessible market - served by more than 170 shipping lines and 86 airlines;
- An open market - no exchange controls, quotas or trade barriers.
Dubai’s recent financial crisis has not changed any of its regulations meant to promote business. Which means Dubai continues to be a great place to do business in.
(To request a no-obligations preliminary consultation about setting up a business in Dubai, please fill in the form alongside).
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