- September 2, 2020
- Posted by: DBS Editorial Team
- Category: Business Setup in UAE
Why should you consider company registration in UAE?
Company registration in UAE attracts investors and businessmen from across the globe. Recently, the UAE ranked first in the IMD World Competitiveness Rankings. The country has seen strong and non-stop progress in its global competitiveness ranking over the past few years. The steadily rising global and regional performance is driven by both government and business sectors efficiency. Moreover, technological and scientific infrastructure has also made a great impact on the total competitiveness of the UAE.
Reports also stated that UAE ranks first globally for business productivity, outperforming other economies areas such as output, digital transformation and entrepreneurship. This amalgamation has spiked the willingness of investors to register a company in Dubai or anywhere across the UAE. Also, registering a UAE company is one of the greatest prospects for businessmen wanting to explore GCC and international markets.
Company registration in UAE is beneficial as it is divided into jurisdiction that enforce territorial principals, represent laws, provide benefits and levy taxes accordingly. Starting a company in UAE also gets governmental reassurances, technological support and efficient infrastructure.
Entrepreneurs from around the world also prefer company registration in UAE as it has limited taxation restrictions and charges only 5% tax. This is extremely low in comparison to other developed countries and the commercial hubs. Company registration in UAE also provides multiple business opportunities and an investor-friendly atmosphere.
Obviously, these features ensure company registration in UAE remain on the high competitiveness in the international spectrum.
Let’s note the specific features defining the competitiveness of company registrations in UAE:
Attracts Businessmen and Investor
Starting a company in UAE or becoming an investor offers the most substantial and diversified regions to do business. Hence, a lot of investors are attracted to the regions. Further, the various investment opportunities, the financial structures, the inventiveness in industrialization and the globalized approach are some of the factors that attract investors to register company in UAE.
100% Foreign Ownership
Plans by the UAE government to allow 100% foreign ownership of company registration in UAE is a major act that showcases the competitiveness of the UAE. Also, the grant of 10-year visas to some expatriates are a significant boost foreign direct investment that may be a supplementary path for commercial entities interest in starting a company in UAE.
Competent Business Avenues
With plenty investors, overseas collaboration, limited control on exchange rates, trade quotas or economical barriers that are numerous competent business avenues in the UAE. The UAE government constantly makes effort to scale up and bring together governmental and business leaders so that there are more company registrations in UAE. UAE also intends to explore avenues of economic cooperation, facilitate bilateral trade, investment flows and sustainable partnerships.
Niche Market Trends
The beneficial taxation structure and other incentives make UAE one of the best global markets to invest. A recent report stated that current trend stock markets and real estate market including freehold ownership, high rental yields, affordability and tax-free investments create a niche area for investors to increase their profitability by starting a company in UAE.
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