No matter how much you claim to know about the country, there is always something new you will learn about UAE. The country has seen a remarkable turnaround for the last forty years. what you see today as a financially prosperous country was once nothing more than a barren desert. All you would see back then were a few camels and caravans passing through miles long desert each day. The only source of water was an oasis located many miles outside the main city. Those who have been located in Dubai know a lot about the humble beginnings of this country. Today, it is financial and economic policies of UAE that helped the country paved the way for innovative concepts like free zones. Similarly, you will also find a number of offshore companies in UAE, each of which claim to be doing good business from the country. Here is more on why having your own offshore company in UAE will help you reap profits:
Why Do Business In UAE?
Dubai was among the first states to blaze of the concept of free zones. Today, you will find around 40 free zones across the country. Each of these free zones offers several benefits to investors but starting business here will require some peculiar expertise that you may lack. There is no denying that UAE economy is one of the most dynamic and best performing in the entire GCC region. It is for this reason why companies look forward to availing investment opportunities in this country. The famous “gold city” of UAE, Dubai, can be taken as a test case of how to reform and shape a country’s economy. The commercial hub has paved the way for many innovative commercial and investment strategies both of which have been received well by investors.
Coming back to offshore business, you need to know a lot before initiating your offshore business from UAE. Firstly, doing business here will give you some benefits that you might find in other nearby states. You will get tremendous global exposure which only serves your business well in the longer run. After all, who wouldn’t want to do business with company whose office is located in Dubai? There is very small percentage tax you need to pay, and the business will remain confidential as long as you want to.
Just make sure you hire Dubai business setup consultants before venturing into offshore business.