Sri Lanka’s inflation reached a record high whereas food inflation went up to 81%. Country’s total debt is USD 51 billion. There’s total unrest in the country. The country is not able to pay Interest on loans and foreign reserves are also dried up. These all affect the life of the total population in the country. To give a new direction and life to your business Dubai is the best option.
The Investor must select a jurisdiction to start their new setup. There are more than 20 Free zones in Dubai. All the Free Zones are self-regulated. The award-winning free zone is DMCC, IFZA can be said to be the cheapest free zone in Dubai, Meydan free zone is popular with its unique feature of providing NOC to acquire space in mainland also. Some of the advantages of the free zone is it gives 100% foreign ownership, 100% Import Export Tax exemption, 100% exemption from Income tax, 100% repatriation of capital and profits. Once you get a license you can sponsor visas to employees and family members also.
Investors can go for mainland setup also it is very popular in Dubai. Mainland setup has many advantages at the same time it is costlier than Free Zones. Some of the advantages of the mainland setup: you can trade not only in Dubai but also all over and even out of the UAE, freedom to set up your office anywhere in Dubai, get more visa quota whereas the free zone gives restricted visa quota, no corporate taxes.
There is no nationality restriction. As mentioned above the process of obtaining a business license is transparent and straightforward. There is no need to be present in Dubai for the license procedure. It is not only for a new start up, but you can set up a representative or branch of your parent company in Dubai.
Our experienced team will guide you professionally from start to end in your journey. We will deliver the best deal and make your project of business setup successful. You can call us on +971 4876 9377 and can contact Alya Almarzooqi Auditing’s Business Setup team at https://alyaauditors.com/