Competition in business, geographical advantage, and the economic benefits it presents have made establishing a company within the UAE gain popularity among overseas entrepreneurs. Whatever your interest – expanding an already established business or opening a new one – there are unprecedented possibilities of UAE Company Setup. Here we discuss the main advantages of company setup in UAE for overseas entrepreneurs, concentrating on the important facts that have rendered the UAE a best-in-class destination.

✅ 1. 100% Foreign Ownership in UAE Free Zones

One of the biggest advantages of beginning a business in UAE free zones is that one enjoys the right of 100% foreign ownership. In contrast to most other nations where sponsorship by locals is mandatory, foreign investors can freely own and control their businesses. This benefit is especially attractive to entrepreneurs who would like to keep their operations and profits under their control.

 

💸 2. Tax Advantage to Foreign Businessmen in UAE

The UAE is a tax-free nation, and the government encourages companies to set up business in the country by offering advantageous tax advantages. The major tax advantages are:

• No Corporate Tax: A majority of companies pay no corporate tax, except large multinational corporations under certain rules.
• No Personal Income Tax: Foreign businesspersons are exempted from paying personal income tax, and they get a greater percentage of their earnings.
• No Import or Export Duties: Companies using free zones receive tax exemption on export and import duties, which saves them money.

 

🌎 3. Strategic Location for Access to Global Markets

Having a strategic position where Europe, Asia, and Africa meet, the UAE provides unrivaled access to foreign markets. Its ease of access to a diversified audience of customers earns it the title as a trade and commerce transit hub across the globe.

 

🏦 4. Ease of corporate banking in UAE

Foreign businessmen are able to utilize the highly developed banking sector of the UAE, which has the following:

• Multi-currency business accounts
• Online security for banking
• Global banking facilities
• Opening a corporate bank account is easy in the UAE, and all banks have custom-designed services for foreign investors.

 

📜 5. Easy Company Registration Procedure

The company registration process in UAE is fast and hassle-free with minimal bureaucracy. All free zones provide easy processes by which the companies can become operational within a matter of a few days.

 

💼6. Foreigners’ Residency Visa in UA

Company formation in the UAE allows business entrepreneurs and their families to have UAE residency visas. Advantages of having a UAE residency visa are:

• Long residence with renewal possibilities
• Convenient travelling within the Gulf Cooperation Council (GCC) nations
• Access to quality healthcare and educational services

 

📈 7. Business-Friendly Environment and Government Support

The UAE government welcomes foreign investment enthusiastically through business-friendly laws, incentives, and support facilities. Initiatives such as Dubai Expo 2020 and UAE Vision 2030 focus on building a thriving economy where foreign entrepreneurs can succeed.

 

🏖️ 8. High Quality of Life for Foreign Entrepreneurs

Working and residing in the UAE provides a lot of lifestyle advantages, such as:

• Advanced infrastructure and modern technology
• Safe and secure environment
• Multicultural environment with English being widely spoken
• All these create an environment where the UAE is a favorable place for business and living.

 

💡 9. Flexible Business Activities and Licensing Options

There are numerous business activities that foreign entrepreneurs can undertake, such as e-commerce and technology, manufacturing, and logistics. The UAE provides liberal licensing, which simplifies the conduct of different types of businesses lawfully.

 

🚫10. No Currency Restrictions and Full Profit Repatriation

In contrast to most nations, the UAE does not have any currency restriction on exchange or restrict profit repatriation. Such financial freedom is an additional benefit for international entrepreneurs who want to repatriate profits across borders.

 

Conclusion

Company formation in the UAE is a treasure trove of benefits to foreign businessmen in the form of tax benefits, access to international markets, and a business-friendly environment. With easy registration procedures, state-of-the-art banking facilities, and relaxed licensing facilities, the UAE remains an international trade center. Whether one is establishing an extension of his existing company or a new business venture, the UAE is the launch pad for success. If you need assistance with the business registration process, contact E-startup. Our team will help you with the process without any hassles. Get in touch with us now!  Chat with experts on Whatsapp +971 55 488 4712