The United Arab Emirates is Situated in an extremely strategic position on the world map, Middle East (ME) offers an opportunist many dynamic trade and investments alternatives. Diversity in the economy, privatisation, the growth of population and, technological advancements are a few potential reasons for investing or doing business in the Middle East.
Having a company registered in the United Arab Emirates remains a dream for lots of people. With the variety of hundreds of Business Activities, you will be able to choose the Business Activity that perfectly fit your company requirements. Reducing your overhead cost is a crucial element when it comes to a Business Incorporation out here. A combination of a Trade License with a fully furnished and serviced office within a Business Center is an Ideal start for your business and we will explain to you why.
Your trade license requires a Business Address in order to get issued and start your business journey in the United Arab Emirates. If you go the traditional direction of having a standalone office rented somewhere you will end up paying for the Utilities subscription with various service providers such as Dubai Water and Electricity Authority (DEWA), Etisalat or du and other unnecessary utilities that should be in place in order to get plugged and connected. Having a serviced office cuts all these basic cost since you rent your office fully serviced and fully connected with all necessary and required utilities.
The tax-free status of UAE has slightly changed by the introduction of Value Added Tax (VAT) of 5% on goods and services. However, it is the minimum in comparison with other countries. Importantly, the government of the UAE has exempted numerous industries from paying tax along with a minimum cap on annual revenue generated by the company. As per new regulations promulgated by Federal Tax Authority, free zone companies except few are exempted from VAT or are subject to zero-rated VAT.