Establishing a business in the UAE is easy, fast and devoid of many formalities because of numerous government support and promos. Currently, the country is using such incentives as Golden visas, no income tax, full business ownership with no minimum investment capital.
- Golden Visas: Expats also have access to UAE’s residency Permit known as Golden Visa that means they can live, work or study in the country without requiring a national sponsor and they can own their companies, freely 100%.
- No Income Tax: Currently, the UAE offers no income tax on any individual emittance of full profits and also acts as an Investors’ country.
- 100% Ownership: After the Commercial Companies Law that occurred in the year 2020, 100 percent of foreign investment is allowed in a UAE based company without the involvement of a UAE national as a nominal partner.
- Free Zones: Today the UAE provides more than 40 free zones through which the foreign investors are allowed to own up to 100% of their businesses. These are numerous and located throughout the country, and encompass the possibility of all forms of operations related to economic activity.
- No Minimum Capital Requirement: Shareholders can describe the capital in its articles of incorporation; however, there are no prescribed amounts of capital for limited liability companies.
- Wide Range of Economic Activities: Over 2000 economic activities are open to the foreign investors and they are also allowed to undertake trades, industries, agriculture, services, education, health and construction.
- Flexible Legal Forms: Foreign investors can acquire all type of business entities that are legally tenable in this country and they include Public joint stock company, Private joint stock company, Limited liability company and so on.
- No National Agent Requirement: Branches of foreign companies may be established and engage in activities in the UAE without the services of an agent in UAE.
- Ease of Contracting Professional Labour: Due to the openness in the policies regarding the labour, and the UAE’s capability of sourcing talent from its neighbouring countries, the UAE has become a nurturing ground for professional workforce in strategic areas of economy.
- Low Tariffs: The tariffs provided by government are between zero and five percent making the UAE one of the most important trading countries as well as a leading re-export country.
- Strategic Industrial Incentives: The UAE outlines market-friendly policies in the industrial sector; affordable financing solutions, strategic tariffs, and customs incentives for technology upgrade and manufacturing.
- Quick Business Setup: The Basher digital platform of services offer all necessary government services to investors and businessmen and licenses for the business can be obtained without having to physically visit government offices.
- Long-term Residency: The UAE also has a new system of the ten-year residency visas for investors, entrepreneurs, and specialized talents which enables them and their families to reside, invest, do business and stay for a long time.
Blessed with a favourable business environment, lucrative investment incentives and geographical advantages the UAE is fast emerging as a preferred international investment destination. What are you waiting for? Start your business now in the UAE!
