Are you unhappy about your company’s performance back home? Has your business’s market share back home been shrinking? There is a way out: registering the company in an offshore jurisdiction. One of the leading investment destinations is Dubai.
This post will demonstrate the main benefits of expanding your business to Dubai. It will also demonstrate how to get more from the agency for company registration in Dubai.
Benefits of Company Incorporation in Dubai
When you mention company incorporation in Dubai, the first question that most investors ask is, “what are the associated benefits?” The list of advantages that come with forming a business in Dubai is long, and we are going to look at the leading ones.
The main benefit of growing your enterprise to Dubai is that it is a tax-free jurisdiction. Unlike other countries that charge as high as 30% in corporate tax, Dubai is free. So, can you imagine doing all the booming business in Dubai and retaining the bulk of the profit for your company? That is the reality of running a company in Dubai.
Here are other benefits to anticipate for registering a company in Dubai
- Dubai is a fast-growing economy. Whether you are dealing with imports and exports, it offers the best opportunity because of the rapid growth. In 2019, Dubai was ranked 1st in the region on the Ease of Doing Business report.
- There is no minimum capital investment required to open a company in Dubai.
- Companies are allowed to have 100% foreign ownership.
- Work visas are easily available.
- There is a wide range of business activities that you can settle for in Dubai.
- The country is strategically located to allow you to take advantage of neighboring markets in the Middle East, Asia, Europe, and Africa.
Register a Company in Dubai with the Help of Experts to Get More Benefits
Although the Dubai administration has tried to simplify the process of an offshore company registration so much, we must say that foreign investors still find it pretty complex. For example, many are the investors who find crafting business structures and getting permits a herculean task. However, this will be easy, fast, and convenient when working with an agency, such as ICD Fiduciaries.
Agencies have all the experience you need to register the company fast. This means that you can concentrate on searching for more capital as the experts register the company on your behalf. The good thing is that you can get a lot more from the experts. Here are some useful tips to help you get more from the selected agency of experts.
- Work with the Experts to Carry Due Diligence
As you open a business in Dubai, that is only the first step. Next, you will need to build and activate its supply chain, which includes vendors, local companies, suppliers, and even overseas partners. To avoid working with uncommitted brands, wrong partners, or hiring inappropriate staff, you need to carry out due diligence. The agency of experts can help with this by following all subjects to ensure you only engage high-potential parties.
- The Agency of Experts can Help You to Craft Robust Market Entry Strategy
To start operating in the Dubai market, you need to have a clear entry strategy. This should be informed by the latest market dynamics, including competitors and targeted clients’ demographics. Again, a good agency of experts that has been in Dubai for years can come in handy to help with crafting a good strategy for entry and success.
- Use the Agency to Run Executive Activities Professionally
Dubai, like many other jurisdictions out there, has stringent rules for a number of executive functions, from accounting to payroll management. These tasks are never easy for managers and investors trying to steer their companies in the new market. To get it right, you should work with experienced professionals. Most of them are certified public accountants, and you can count on their help with bookkeeping, payroll management, and filing tax returns.
When it comes to registering an offshore company in Dubai, the best method is working with an agency of experts. The professionals have all the required experience and can help your business craft strategies for rapid growth. Well, Dubai is an awesome place for business growth, but you need a helping hand for greater success. Visit ICD Fiduciaries, the leading firm for company registration in Dubai, now for all the assistance you need.