Gone are the days when it took a lot of money to be a part of your plan to set up a company in UAE. With fantastic growth opportunities and plans, UAE has become the place to invest at. With its huge infrastructure and plenty of land to boast of, Dubai has become a favorite amongst many for investment. More people want to put their money here because of the huge brand presence, the super relate to a huge MNC and lastly, because it instantly makes you a large player. The question is the procedures behind the set up of a company in Dubai. Of course, it is not a walk in the park – unless you have the right support factors. There is plenty of opportunity for you if you are looking at starting a business there. A company setup in Dubai requires you to know the field of interest, the participating players and of course the different procedures you need to worry about before you can invest.
While the first few parts are more about the marketing and the research elements of the business, the procedures involved with setting up of a company there should be left behind for the experts. I had this advantage mainly because I got in touch with flyingcolour.net. I did not have to worry about any of the setting up procedures in place, all I had to do was in form them about the kind of industry I was interested in and how I wanted to go about it.
Understanding the investments you need to make, the present business opportunities and the rules and regulations – all of this was taken care by flyingcolour.net! This gave me ample time to focus on marketing my products. Their extensive knowledge in line with a set up in a UAE free zone helped me too. I was not too aware of the benefits involved to be frank, and how lucky was I! It was the single most important point of the company set up.
To cut it short, the biggest advantages I found in the free zone were:
• 100% foreign ownership
• 100% repatriation of capital and profits.
• No personal or corporate income taxes, customs duties, import/export taxes.
• Less number of restrictions on recruiting labor
• Shared services and synergies with other companies in the free zone.
• No bureaucratic red-tape.
• State of the art infrastructure.
With such advantages in place, there is no doubt that more people would want a company setup in Dubai. There is the biggest advantage of owning your company without a sponsorship or having someone to control the business. You would have rights over changes in the company and recruitment. The best part that I realised is the tax benefits. It is clearly the biggest advantage in place for any person who wants to invest money here. Decide on the field of business you want to enter, get in touch with the experts in terms of rules, regulations and procedures and invest to form a company that will give you rich dividends.