10 MAIN ADVANTAGES - COMPANY FORMATION IN THE UAE

Belita Facilities Management Services Co. LLC is specialized in the formation and setup of companies in Dubai and in the UAE. They have been doing this job for over 40 years, providing professional consulting to entrepreneurs, companies and startups who want to establish their business in the UAE.

Dubai is for sure one of the best countries where one can start a business setup. In its free zones, setting up a new company is simple and safe, perhaps with the purpose of moving to the mainland afterwards.

Here are the main advantages to set up a company in the UAE and in Dubai:

1. NO CORPORATE TAX. NO TAXATION IS APPLIED ON CORPORATE PROFIT
2. NO PERSONAL INCOME TAX. NO TAXATION IS APPLIED ON PERSONAL INCOME
3. NO WITHHOLDING TAX. NO TAXATION ON PAYMENT OF DIVIDENDS, INTEREST, ROYALTIES
4. NO RESTRICTIONS ON REPATRIATION OF CAPITALS, PROFITS, INTEREST
5. DUBAI IS LOCATED AT A CROSSROADS; IT IS A BUSINESS HUB WITH EASY ACCESS TO MIDDLE EAST AND ASIA
6. 2 or 3 YEARS RESIDENCE VISA WHEN REGISTERING A NEW COMPANY WITHIN THE UAE
7. CUSTOM DUTY AT A FLAT RATE OF 5 % WITHIN THE GCC COUNTRIES AT THE TIME OF THE FIRST ENTRY OF GOODS
8. VAT HAS BEEN INTRODUCED IN 2018 AT THE LOW RATE OF 5% APPLIED ON INTERNAL TRANSACTIONS
9. DOUBLE TAX TREATIES WITH MORE THAN 100 COUNTRIES THAT AVOID DOUBLE TAXATION
10. DUBAI IS A SMART, SAFE AND WELCOMING COSMOPOLITAN CITY FOR MORE THAN 200 NATIONALITIES