Why is Dubai the best option for Investment? - New Laws For Business Ownersby DAVIS BROWN PRC Agency
Doing business in Dubai has always held a number of advantages - for people looking for a 100% ownership license setting up a company in the free zones was the only option but now with the new amendments to the rules, it has opened the gates for ex-pats/foreign nationals to start their business in mainland with full flexibility.
The new report is a response to changes announced by the UAE government, which will include major amendments to the Federal Commercial Companies Law. Previously it was required for LLC companies to have a UAE national as a 51% shareholder to operate a business on the mainland.
Visit https://bit.ly/38weDEY to find out how the new laws affect you.
The report explains that with the new amendments, foreign companies can now operate a mainland business with 100% ownership. This will grant investors from around the world access to the Dubai mainland markets, while still allowing them to keep complete ownership of their business.
Previously, ex-pats/foreign nationals used to avail different free zone license in UAE to own 100% ownership for business but free zones have their limitations compared to the mainland. Adding a UAE National in the license used to increase the operational. The recent changes are expected to attract numerous multi-national conglomerates, and provide an overall boost for the competitive economy of the UAE.
Amendments to the regulations apply to existing as well as new businesses, and will also allow you to take on government projects. This has caused a significant amount of interest for many investors, as Dubai is largely tax-free as a country. The UAE government has no taxes on companies or individual wealth for citizens, although some foreign citizens have income tax requirements.
It has a proactive legal framework to attract all kinds of business from light manufacturing to heavy manufacturing, from Trading to Service license and specialty services. Dubai is a renowned location for healthcare and healthcare tourism besides entertainment and retail.
People find operating from UAE specially Dubai more comfortable due to world-class infrastructure and banking flexibility. UAE is known to be one of the safest countries to live in. The process to start a company in Dubai is comparatively easy and flexible with minimum document requirements.
UAE provides ease of residency, it is one of the easiest places to obtain residency. You get various options to select from 2 years residency program to 10 years long-term residency permit. Hexagon Advisory offers a wide range of residency programs for clients who plan to live and work in the area for long term. The firm can assist ex-pats/foreigners in acquiring long-term visas and arranging for their visa renewal.
The company also provides pre-investment business advisory services on legal structuring, licensing, and regulatory matters. This can include help in obtaining licenses for professional, trade, or industrial activity, as well as financial services, recruitment, and company administration services.
Visit https://www.hexagonadvisory.com/our-services/uae-in-bound-residency to know more about the available UAE residency options.
About Hexagon Advisory
The company has been providing personalized, strategic advice for corporate and personal clients for over 30 years. They primarily assist businesses from around the world using an extensive network of global attorneys, accountants, and bankers to ensure their client’s transactions are managed securely and privately.
Now is the perfect time for you to get in on the ground floor of a market that's about to experience a huge boom. The amendments have only recently come into effect, and many new businesses are already looking for their way in.
To learn more about Hexagon Advisory, please visit their website at https://www.hexagonadvisory.com
Created on Sep 9th 2021 12:51. Viewed 124 times.