With many preferential policies for foreign investors, setting up a company in the United Arab Emirates (UAE) is of great interest to many entrepreneurs and businesses around the world, including Vietnam.
The UAE is located on the Arabian peninsula, a federal state consisting of seven emirates: Abu Dhabi, Dubai, Sharjah, Fujairah, Umm Al Quwain, Ajman, and Ras Al Khaimah. The country connects Asia, Europe, and Africa through many free trade areas.
Thousands of Chinese businesses use Dubai as a trading hub with Africa, while Indian traders use it as leverage to go to international markets. The UAE is also a launching pad into South Asia for Latin American countries, so by setting up a business in the UAE, investors naturally have a solid foundation to enter the dynamic market. Intercontinental, multicultural.
Along with that, the UAE is a tax-preferential country with a leading developed economy in the world with a high standard of living. Therefore, pouring capital into this area in the form of company establishment is interesting to many investors around the world.
The following article of ICOS will provide an overview of the forms of the establishment of a company in the UAE and related documents and procedures for foreign businesses/individuals who are intending to invest here.
Tax haven for online businesses
Registering a foreign company in the UAE is the first step to starting a business and receiving many incentives from the UAE government. The main advantages of an offshore company in the UAE include:
- Tax exemption for online businesses
- Opening a company in the UAE for foreign legal entities
- The cost of opening a bank account is suitable, simple, and fast.
- Can be used to attach to Stripe, and Paypal to withdraw money directly to the bank account.
- Visa residence: Business owners will be recognized as a citizen in the UAE within 3 years. Business owners and families will be able to live, work and study in the UAE and enjoy many incentives from this country.
- Have a health insurance card for medical examination and treatment in the UAE.
With the advantage of being one of the wealthiest markets in the region with a high standard of living, the United Arab Emirates (UAE) has been attracting investment from all over the world. Tax exemptions and basic rules and regulations set global standards for online and offline businesses.
Not only has a strong financial capacity with the maintenance of national financial reserves and owns a sustainable banking system, but the UAE is also an ideal business location, the most prominent of which is Dubai – which has created a modern, dynamic, and diversified economy since the turn of the century.
The UAE has become the regional and global headquarters of more than a quarter of the world’s 500 largest companies.
Free trade areas contribute a lot to this environment and the UAE owns more than 28 business and logistics zones with a competitiveness that is second to none.
Today, the UAE is one of the most advanced countries in the world in creating a regulatory environment that protects investors and supports commercial activity, providing a flexible legal and business environment… It is an attractive force that has and are many Vietnamese investors interested in the procedures to establish a business in the UAE.
However, entering a new market is never easy. ICOS with experienced consultants and a network of reputable partners in the UAE will actively support businesses or individuals who want to invest and establish a company in the UAE.
ICOS is one of the successful leaders in establishing companies in the United Arab Emirates for customers in Vietnam.
Please contact us for detailed advice on the UAE business establishment package!!
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