The emirate of Dubai is known for its vibrant and luxurious economy. In 2016, over 127,000 businesses were established in Dubai, gaining the top spot compared to all other emirates in the UAE.
Investors flock to Dubai to create a name for themselves and join the game – as many knew that success is inevitable in the Emirate. It has a strong workforce and a sturdy economy, mostly coming from oil and gas, automotive, industrial companies, and international trade.
Though the UAE offers many company formations in each of the Emirates, starting a Dubai Mainland Company remains to be one of the best solutions there is to expand your market. Here are the top six reasons for this:
1. You Can Create A Flexible Business Setup
Dubai is the home to many business setup options and packages, and some even have the liberty to be curated by the investors themselves. By making sure you have already made up your mind with the kind of business setup in Dubai Mainland that you want, your chosen local agent will be able to assist you with all processes and documentation needed.
For starters, you would need to think of the following:
- • Type of license and company form
- • Sponsor or local partner
- • Activities your business will undertake
- • Number of visas
- • If you will need a facility/office (depending on your visa allocation)
- • Overall management budget
2. You Have Access To Multiple Facilities And Networks.
Dubai is known for its well-developed establishments and facilities. Service offices are built with both creativity and functionality in mind, giving you and your employees a VIP experience of doing business in Dubai. They have access to main roads, highways, and downtown stores, and landmark buildings and establishments, marketing the convenience of living in one of the most innovative cities in the world.
Aside from this, the rich and growing network of support from multiple sectors in Dubai has become one of the reasons why investors choose to set up their empire in the city. It has become a one-stop-shop for enterprises looking into cultivating their brands with the large available workforce and professionals offering their expertise.
3. You Can Make The Most Out Of The Country’s Tax Benefits.
The United Arab Emirates is known for being a tax haven. The country has the following tax benefits:
- Zero corporate tax
- Zero income tax
- No capital gains tax
- Low property tax
- No withholding tax
- Low VAT rate
Aside from this, your company will have access to signed double tax agreements of UAE with 50 partner states to avoid duplication of taxes imposed on your income and your company.
4. Your Company Is Strategically Located.
Dubai Mainland company formation means one thing – you are ready to be at the center of the Middle East’s home to innovative economic development. Aside from joining the healthy competition in the local trade, you may also expand your market internationally – as Dubai continues to strengthen its grasp on international trade.
This strategic location gives you access to international land, sea, and airports, a wide network of support in trading and logistics, and a whole lot of opportunities for expansion and growth.
5. You Will Learn From The Vibrant Business Culture.
Many professionals and investors come to Dubai not only to join the competition, but to learn as well. The country is known for its benchmark-worthy trends, policies, and innovations in support of the economic sector. Traders learn from each other, creating a work-friendly environment for like-minded movers and dreamers just like you.
6. You Will Benefit From The Improved Quality Of Life.
The work-life balance in Dubai is one to live for. For one, there is a stable support coming from the local government, putting the right policies to make sure each member of the community is well protected. Employers and employees gain from improved education, health, living, and work benefits promulgated to help them cope up with the rapidly-growing economy of the emirate.
Both local and foreign business investors and workers’ needs are met, giving them relief and satisfaction with the life they have built in Dubai.
HOW CAN IBG CONSULTING HELP YOU?
The total realization of all these stated reasons will only be felt if you have picked the right local agent in setting up your onshore business in Dubai.
Worry not, because IBG extends its help to you.
We are a team of experienced consultants from around the globe who understands your needs and wants for your business. We specialise in Mainland company formation, free zone business setup, and offshore solutions. We are based in Dubai, Middle East’s center for economic excellence, giving us a good grasp of knowing the appropriate solution for your investment. To get a glimpse of our packages in Dubai Mainland company formation, visit this link.
Let us help you build your empire. Consult with us today.
Also Read: Benefits of Dubai Mainland Company Formation