In the first instance, it’s a quite wealthy country with high standard of living, a deep domestic market, while at the same time open for foreign entrepreneurs. The UAE offers foreign citizens simple and very favourable conditions for creating and running an inland business.
In the first instance, it’s a quite wealthy country with high standard of living, a deep domestic market, while at the same time open for foreign entrepreneurs. The UAE offers foreign citizens simple and very favourable conditions for creating and running an inland business..
In fact, there is no currency control in the UAE. Apriori no income tax and dividend payment.
This feature undoubtedly attracts importers and exporters from many countries where economic conditions are less loyal to the business.
Organizing the business model based on using preferential tax regulations of the OAE, the expenditure part during the export-import operations is significantly reduced. The benefit is at least 30% in comparison to other options.
Meanwhile, the most remarkable and valuable fact about it is the opportunity to conduct full-fledged business without any hindrance with jurisdictions, which are well-known for their requirements as to counter agents. In particular, the United States and several EU countries. At the same time taking full advantage of lack of taxation, complete absence of export and import duties, having no currency control and power of 100% repatriation of capital and profits.
