Dubai knows that the oil and gas industry is a huge money earner for this nation yet they are looking at other areas of investment that could be explored to contribute and boost its economy. The major growth Dubai companies economy is experiencing today can be due to the great economic plans devised by the new rulers to draw tourist and investors to make this country their major destination for business or entertainment.
For businesses wishing to conduct business in Dubai, locating in a free zone is a sensible option to consider. Regulations for these establishments, specifically free zone establishments, are made solely by the Free Zone Authority of Dubai. Suitable for most requirements, the Jebel Ali Free Zone boasts a container port with 70 berths and storage facilities for all sorts of products with support buildings such as offices and warehouses located in a 100 square kilometers factory. To protect your funds, you will only be limited a liability that's not over your company's paid-up capital. One requirement for a corporation who wants to establish operation in a Dubai free zone is just a sole shareholder.
The investor who wishes to conduct business in Dubai does not need to visit the authority to incorporate the business. All required documents can be delivered by courier service, email service and fax, though the papers need to be signed in the authorized agent's office.
Because it's not a tax haven and is not a member in any information exchange agreements, Dubai corporations can considerably gain when deciding to invest and conduct business in this nation One primary advantage of Dubai businesses is privacy since there is no public register of shareholders and directors whenever you incorporate a company here. Dubai offshore companies may choose to keep bank accounts and deposits in the UAE or anywhere in the world they like to. Furthermore, Dubai companies are not required to maintain its books and records or provide reports on its activities. When an onshore company can never feature this, corporate secrecy and privacy of Dubai companies is acknowledged and legitimate in the offshore world.
Because of a competitive tax systems, infrastructure and recognition as a business center, it certainly pays off to make an investment in Dubai.
