In the United Arab Emirates, authorities are doing everything to ensure ease of business. Those who are planning to set up their business in this nation admit that here the business friendly environment and growth opportunities are tremendous. In the last few years, more and more entrepreneurs are shifting their base to Dubai. The robust and world class infrastructure is also very supportive for businesspersons as well as investors.
Important reasons behind emergence of UAE as a favorite choice of investors –
● High standard living and safe environment
● Robust and supportive infrastructure
● Tax free status
● Multicultural society
● Governmental policies to encourage trade and business
● Long term visa options
Every independent nation has a framework of laws, rules and regulations. It can be challenging for expats and foreigners to become familiar with such rules and regulations. You need not worry about LLC company costs in Dubai after consulting experts. There are more than 3 dozen free zones in the UAE that offer attractive business license packages. Due to affordable business license cost and rent for official space, more and more investors are turning towards UAE.
Receiving clearance and permit
The entrepreneurs and businesspersons are supposed to obtain necessary clearance and permits before venturing into certain sectors such as pharmaceuticals, healthcare and construction. Special permission is required from departments such as Road Transport Authority, Dubai Municipality, etc. Thanks to digitization that now the process of receiving clearance has become smoother. Now, it has become easy for authorities to register a higher number of companies.
Easy procedure for filing returns
One of the driving factors behind Dubai becoming a favorite destination for businesspersons is zero taxation. You are not supposed to pay any corporate or personal tax in the UAE.
Quick company registration
Unlike other nations where the procedures are slow, the company registration and formation process is fast. The processing time is also swift. Now, more and more departments are switching towards complete digitization. The streamlining of the company formation process and quick submission of fees, documents also makes things easy for the entrepreneurs. When experts like Bizgate Business Setup Services are present to help LLC company formation in Dubai is no longer a difficult task.
The robust banking system of UAE
The banking system of UAE is very matured and strong. It offers a host of banking services to the business customers as well as local residents. The banks also encourage development by sanctioning loans and financial instruments.
Thanks to such facilities and systems, the economy of UAE successfully fought the turmoil caused by the recent pandemic. The Central Bank of UAE released stimulus packages so as to support commercial organizations. The relief measures were extended to businesses in different forms such as sanctioning interest free loans, business license fees wavering, etc. Undeniably, due to ease of doing business this nation has managed to attract extensive foreign investment.
