In order to set up business in Dubai, there are many factors that need to be taken into account. There are many steps that need to be cleared before anyone can officially set up their business and begin operating in the industry. Dubai is one of the best places to start a company due to the array of options they provide. The government of the UAE supports the growth of small businesses and ensure that individuals are able to set up their businesses at a faster pace.
- Better tax laws:
UAE does not impose any income tax on its residents making it one of the more favourable places in the world. It allows people to earn more money and still be able save better and grow their company better.
- 100% ownership:
Being able to fully own a company without needing a local sponsor given people the ability to be the only decision maker to the business and that no one else is able to question the sole owner’s authority. Many countries around the world require a local presence of a local national before anyone can set up a business. In the UAE free zones, 100% ownership rights are provided when setting up a company in the area which gives sole responsibility of the company without the requirement of a local sponsor.
- Successful surroundings
There are many large businesses that can help support new business owners with their company. Company owners can help build relationships with other owners in order to create goodwill that can help a business grow at a quicker pace and in turn produce more profits for everyone involved. These types of benefits are usually difficult to capitalize on in country, especially if the business owner is a foreigner.
The city’s infrastructure can help business owners attract talent and help them recognize their business potential more quickly. Finding the right location for setting up a business depends highly on the benefits that the areas infrastructure can provide. For example, UAE has certain areas where connectivity and public transportation is more available, making it better place to set up a company.
Hiring a business consultancy firm to register your business start-up may be your best option. The leading consultant agency Peninsula business solutions (PBS) can help you facilitate your business formation process.
PBS has a team of experts to plan out your company registration from scratch which includes the strategies you need to follow in order to smoothly set up your business, offering licensing and location options, in case of any hurdles consultants can provide you with numerous solutions.