What are the Pros and Cons of company setup in UAE?

When entrepreneurs start pursuing a company set up in UAE, they must understand and comprehend the bigger picture. Look at all the angles understand what would seem like a disadvantage or an advantage. They should weigh the pros and cons of such a decision before going ahead and signing the business setup in Dubai. 

·        UAE has copious Free trade zones providing abundant possibilities of company setup all over the country with a functioning office, taxation exemption and the 100% ownership of the company by foreign investors.

·        Double tax treaties would avail more advantages in parallel thanks to the great number of tax treaties signed between UAE and other countries. Obtaining a number of residency visas in UAE for the company’s shareholders, directors, and employees based on the zone and the number of visas permitted with every activity.

There are more advantages to discuss but each free zone has it is a pack of pros, as well as mainland incorporation through the DED and allows you to do business locally and internationally. As long as the entrepreneur follows the regulations and fulfills the requirements. Contradicting to the long lists of advantages there are some items that some would consider disadvantages. Although Resident companies do not pay taxes, they have no choice but to prepare their accounting and file it for regular audit. Financial reporting is not to be considered an actual con.

·         The relatively high costs of Business setup in Dubai compared with the offshore companies in most of the international offshore jurisdictions. However, for a moderately sized business, considering that the company in UAE is the fully tax exempted resident company in a strong political and economic climate.  

Sharp ideas of the cons or disadvantages of the companies in UAE are relatively minor.  UAE is now the host of most of the largest international companies in the region. Moreover, the number of international companies keeps growing thanks to Emirates' clear legislation, professional local and international banks and modern technology developed infrastructure. Speak to IBG Consultants today, Success is around the corner.