Business Set up – An Overview

Dubai has a unique set of appealing features that attract entrepreneurs and established businesses alike, to make Dubai a base for their operations. These are namely:

1. No corporate tax
2. No income tax
3. No capital gains tax
4. No property tax
5. No wealth tax
6. Low property transaction cost

Since 2000, Dubai has witnessed incredible growth throughout all sectors of its diverse economy and its Government is constantly working to improve its commercial transparency and introduce dynamic regulations that aid the formation of small and medium enterprises.

With its central geographic location between Asian and European markets, Dubai has established itself as an internationally recognised trading hub.

Dubai’s many free zones have enabled this United Arab Emirate to attract more foreign investment as free zones adhere to unique laws regarding ownership, taxation and labour. Unlike businesses in the rest of Dubai, which require at least 51% ownership by a UAE national, free zone businesses can have 100% foreign ownership.