Dubai – one of the best places for company registration
May 31, 2016
There were times when Dubai was the unknown city on sand, but further it grew and became a big center with developed infrastructure, high skyscrapers and perspective future. Now we know Dubai as a great worldwide center of international and offshore business. If you are going to set up a company in Dubai, be sure it is the right choice. Dubai is one of the best places for international and offshore business.
Dubai is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf. In spite of that fact that Dubai belongs to UAE, it acts by itself as independent part of UAE. It happens because of loyal governmental rules which are more convenient for international business.
Dubai proposes a lot of possibilities, from light permissions for external workers, to specific favorable tax free conditions. The city is divided into economic parts depending on area of activity: education, science, business, and investments. Each part of Dubai has a wide range of opportunities, for instance, a low rent size, to make business life more comfortable.
The United Arab Emirates have an advantageous position. From one side there is Europe with international business, and from other side – Asia and India, where oil enterprises bring stable profit. That’s why Dubai is considered to be as the friendly place to offshore set up.
What can we say about development in Dubai? There is a high level of evolution: fast Internet, excellent infrastructure, a wide range of shopping malls, restaurants and other facilities. In this city you will have everything you need. Try and enjoy all advantages which Dubai can give you.
You can say that shopping malls and restaurants are not important for business. Dubai exists not only for entertainments. It has a low tax policy. Why so? For many years UAE is engaged in the oil industry. It means enough income for government and low tax level.
Dubai is recognized as one of the best financial hubs in the world because of its business activity. In the rating “Ease of Doing Business” of The World Bank the United Arab Emirates took the 31 place of 189 countries.
UAE keep the first place among countries with the preferential taxation system and 5th place in the electricity and construction. The country is on the 10th place on the property registration and 18th on enforcing contracts.
Generally, the legal system of UAE is well-organized. The same refers to the offshore business banking system as one of the safest and most diversified in the world. As for offshore company formation, Dubai is the best place for business owners, investors and shareholders who want to do their business in the low-tax region with high development level.
If you want to do your business worldwide and save your profits, choose Dubai for your offshore company formation.