Last week, we introduced to you the requirements that we need to meet if we want to register a UAE company. Today, let’s take a look at the advantages of registering a UAE company. Let's take a look now:
I. Political and economic stability of the jurisdiction
• A modern, flexible and adaptable legislative framework
•Simple company formation and filing requirements
•Double Taxation Avoidance Agreement (DTAA)
• State-of-the-art banking system
• State-of-the-art telecommunications equipment
2. Unique
The UAE is not a dependency or “overseas” territory of any other country and has signed Double Taxation Avoidance Agreements (DTAA) with a number of countries to prevent individuals and businesses from being taxed in the same period and for the same items. These agreements determine which of the two countries involved should impose tax in certain circumstances: Austria, Belarus, Belgium, Canada, China, Czech Republic, Egypt, Finland, France, Germany, India, Indonesia, Italy, Lebanon, Malaysia, Malta, Morocco, New Zealand, Pakistan, Poland, Romania, Singapore, Sudan, Thailand, Tunisia, Turkey and Ukraine.
The UAE is not a member of the Organization for Economic Cooperation and Development, has no foreign exchange controls, is not on the OECD's "blacklist" of tax havens (nor on the FATF blacklist), is not an EU ally, and does not have to follow the regulations of EU member states.
3. Advantages in offshore company finance and supervision
• 100% income tax exemption
• 100% corporate tax exemption
• 100% capital and profit repatriation
• 100% ownership of the free zone
• No capital gains tax
• No VAT
• No withholding tax
• Close proximity to the entire Gulf region and global markets
4. Advantages of UAE offshore compared to other offshore jurisdictions
Compared to other offshore jurisdictions (such as the British Virgin Islands, Panama, Cayman Islands, etc.), the Ministry of Foreign Affairs requires very expensive and time-consuming mandatory statutory procedures and document notarization, which can be omitted at the UAE Consulate.
5. Date of Establishment
24 hours, no physical office space is required to obtain a UAE offshore company license. Utilizing a registered agent's address can save a significant amount of operating costs on office leasing.
This is the end of the information about registering a UAE company. If you want to get more information about registering a UAE company, please pay attention and we will continue to answer your questions~
