If you are following changes in the financial market, then you should know how popular the United Arab Emirates is.
If you are following changes in the financial market, then you should know how popular the United Arab Emirates is. At the moment, it is one of the most attractive business regions with a stable economy, low taxes, booming tourism, etc. For these reasons, many businessmen and investors want to take their places here as quickly as possible. Most of them are interested in DMCC company set up cost. In 2019, in the UAE, there are 30+ free zones intended for foreign companies and businesses in general. Each of them has certain rules/laws that may be more beneficial for your bank account.
The government allows DMCC companies to work with foreign capital reaching 100%. At the same time, local companies can exist with only 49 percent of foreign capital. Other advantages include simple registration and loyal taxation when compared with countries in Europe and America.
If you are going to move to the United Arab Emirates and start your own business, you need to pay attention to offshore company incorporation Dubai. This type of company differs from the previous one but at the same time, its owner gets more advantages:
- An offshore account in the UAE;
- A non-resident of the country can own all shares (up to 100%);
- Due to the policy of the United Arab Emirates, government agencies cannot disclose information about the shareholders/directors of your company;
- Quick registration;
- No large taxes;
- There are no requirements for authorized capital;
- You also do not need to file financial statements.
As you can see, the UAE attracts many businessmen who want to make big money. In this country, you will find more opportunities, and you can also establish any type of business: from tourism to oil refining. Simply choose the type of company and consult a specialist who will save you time and money.