Doing business in United Arab Emirates

November 16, 2016

 

Having a secure and freely convertible currency, dirham,  United Arab Emirates economy is truly booming. In other words, the opportunities to do really successive business in the country are limitless since there are no restrictions on profit transfer or capital repatriation.

First of all we should underline that the most attractive factor for doing business in this country is the fiscal and duty system. More precisely, import duties are sincerely low reaching just the five per cent for virtually all goods while in the case of items imported for use in the free zones, there are no duties.

More than this, the corporate tax as well as the personal taxes are nil and there are fourty four double taxation agreements. All these combinated with the thirty two bilateral investment treaties being in place make UAE one of the best choices to invest your money.

In addition to this, the government of the country makes every effort to foster an enabling regulatoy environment. This is to say that crucial amendments on the company law are made for streamlining procedures while the federal commercial law that requires a 51% local partner for businesses located outside of free zones is under review.

To sum up, United Arab Emirates is a highly cosmopolitan well-educated society familiar with the methods and means of doing business worldwide. Having a well organized system of tax and fees exemptions, it provides a really attractive environment for new businesses in its territory. For more details concerning a really competitive business plan for an innovative investment in United Arab Emirates please do not hesitate to come in contact with ADVANCED CONSULTANTS S.A. and its deeply specialized staff.

 

 

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