In an effort to balance and enhance the emirate’s ongoing economic diversification program, Dubai has set its eyes on tourism and services to tip the equilibrium weighed down by the conventional oil and gas industry. This is recognizable in the most recent economic programs being devised and put in place by the new leader that was liable for the economic growth being experienced by Dubai companies economy for several years now.

For businesses wishing to do business in Dubai, locating in a free zone is a viable way to take. To be listed and established in Jebel Ali, these establishments are governed by a separate body, the Dubai Free Zone Authority. Suitable for most requirements, the Jebel Ali Free Zone has a container port with 70 berths and storage facilities for all sorts of commodities with support structures such as offices and warehouses located in a 100 square kilometers factory. To safeguard your assets, you’ll be limited a liability that is not beyond your business’s paid-up capital. One requirement for a company who would like to establish operation in a Dubai free zone is just a sole shareholder.

For any investor, the requirement to go to Dubai is not required for incorporating a business. In case you have chosen to utilize the services of an agent to execute all dealings, you simply need to head to their office once to sign the documents.

One of the main benefits is the ability to trade and deal internationally, monetary confidentially, easy operation and reporting, land ownership in an offshore country. A business which was structured in concurrence to all government specifications is rightfully exempt from corporate tax, and other tax obligations.. Dubai offshore companies may elect to hold bank accounts and deposits in the UAE or anyplace in the world they want to. Also, Dubai companies are not required to maintain its books and records or provide reports on its activities. Even though privacy might be used for illegal use, it is recognized and honored as a privilege for Dubai companies.

If you are looking for a niche in which you like to invest and profit substantially, Dubai can be your kind of place.