business setup services Dubai – Vitta Financial Analysis & Consultancy LLC https://www.vittafinconsultancyllc.com Dubai Management Consultants for Business Consultancy Thu, 11 Jun 2020 09:27:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.15 https://www.vittafinconsultancyllc.com/wp-content/uploads/2018/10/cropped-Favicon-2-32x32.png business setup services Dubai – Vitta Financial Analysis & Consultancy LLC https://www.vittafinconsultancyllc.com 32 32 10 Things that Make UAE the best place to setup your business https://www.vittafinconsultancyllc.com/10-things-that-make-uae-the-best-place-to-setup-your-business/ https://www.vittafinconsultancyllc.com/10-things-that-make-uae-the-best-place-to-setup-your-business/#respond Wed, 31 Jul 2019 11:12:57 +0000 https://www.vittafinconsultancyllc.com/?p=12964 UAE is one of the fastest growing economies in the world that promises a fertile ground for growing businesses. The country has always been open to expats and the recent initiatives by the government proves the fact.

The post 10 Things that Make UAE the best place to setup your business appeared first on Vitta Financial Analysis & Consultancy LLC.

]]> UAE is one of the fastest growing economies in the world that promises a fertile ground for growing businesses. The country has always been open to expats and the recent initiatives by the government proves the fact. There is a large portion of investors who consider UAE as the number one spot for Business setup in UAE and the reasons are many.

What makes UAE the best place to setup business?

Strategic location

UAE is easily accessible to most of the major economies, which makes the transportation of goods between various regions, specifically the ones in Middle East, Asia, Europe and Africa, easier.

State-of-the-art infrastructure

UAE provides highly advanced infrastructural facilities in all fields. The country’s most futuristic city, Dubai, is on its way to setup the world’s biggest wholesale city, with an investment worth AED 30 billion. The market will be built close to Al Maktoum International Airport and will house more than 15,000 traders from various nations. It will also include integrated trading parks as well as an international trade exhibition facility.

Variety of business premises

The diverse options that UAE provides with respect to type of company formations is another feature that captivates investors. You can setup a company on mainland, offshore or free zones. The option is not limited to the types of company formations; even when it comes to free zones, you have umpteen ones to choose from.

Political & social stability

The UAE has been witnessing a remarkable political stability throughout these years.  A federation of 7 emirates, each with its own ruler, forms the country.  The policy of openness and tolerance embraced by the country are some of the main reasons behind the political stability and social harmony that prevails in the country.  UAE has one of the lowest violent crime rates in the world.

Ease of doing business
The UAE ranked 11th globally and 1st regionally according to the World Bank’s Ease of Doing Business 2019 report.  UAE scored remarkable ranks in the below areas:
Getting electricity – 1st rank
Paying taxes – 2nd rank
Dealing with construction permits- 5th rank
Registering property – 7th rank
Enforcing of contracts – 9th rank
Protecting minority investors – 15th rank

Protection of intellectual property rights

UAE maintains protection of intellectual property rights, trademarks and has strict laws concerning piracy.

Favorable business regulations

In a move to encourage business and foreign investments, the UAE has signed major business international treaties and it maintains strict export control laws to prevent the movement of illicit goods.

Open economy

UAE supports open trade and has stable trade relations with countries across the globe.  The country gives great importance to private sector growth and maintains liberal policies with respect to foreign exchange controls, visa policies and import regulations.

UAE also maintains strong relationship with key trade associations.

Economic stability

The UAE enjoys a stable economy, and this is mainly possible due to the strong financial reserves, large sovereign wealth fund, promising investor home economies, consistent government spending, progressive policy of economic diversification and increased foreign direct investment.

No corporate tax.

The UAE does not charge corporate tax on industries except for oil companies and foreign banks. In the case of businesses registered in the free zones, they need not have to pay corporate tax for a certain period.

When you have countless reasons to invest in a country, why wouldn’t you?

The post 10 Things that Make UAE the best place to setup your business appeared first on Vitta Financial Analysis & Consultancy LLC.

]]> https://www.vittafinconsultancyllc.com/10-things-that-make-uae-the-best-place-to-setup-your-business/feed/ 0 Here’s How You Set Up a Company in Dubai https://www.vittafinconsultancyllc.com/heres-how-you-set-up-a-company-in-dubai/ Tue, 25 Apr 2017 07:32:37 +0000 http://aonold.acodez.ca/?p=10731 Dubai today is considered to be one of the best business markets in the world. It provides excellent business opportunities to investors all across the globe. Dubai is strategically located connecting both the Asian

The post Here’s How You Set Up a Company in Dubai appeared first on Vitta Financial Analysis & Consultancy LLC.

]]>

Dubai today is considered to be one of the best business markets in the world. It provides excellent business opportunities to investors all across the globe. Dubai is strategically located connecting both the Asian and Western markets. The economic development and the excellent working conditions make it one of the most attractive locations for business set up and expansion in the world.

If you are interested in setting up a business in Dubai, then given below is a list of the steps that you need to follow in order to set up a business here:

The department of economic development in Dubai gives you the option of choosing a business activity from among 2000 business opportunities available here. You need to choose the appropriate business activity from these available options.

Dubai business setup services also require you to choose a trade name for your business by adhering to certain rules and regulations because if you do not, then chances are that you might be subjected to heavy fines.

In order to start up a business in Dubai, make sure that apart from the trade license, you also get the Tenancy agreement, share certificate and the certificate of incorporation. A Memorandum of Association prepared by a legal firm is also required to set up a business here. All the partners need to sign this Memorandum of Association before submitting the document.

For business set up services in Dubai, you also require the Initial approval certificate which is the no-objection certificate issued by the government of Dubai.

Therefore, it is quite clear from the above discussion that the business set up services in UAE are subject to certain guidelines but once the business is set up, you will be able to get very good returns on the investment.

The post Here’s How You Set Up a Company in Dubai appeared first on Vitta Financial Analysis & Consultancy LLC.

]]>