Company Set up in Dubai, UAE – Morison Menon

In Dubai, business is worth eighty billion dollars and this represents a one hundred percent increase
since the year two thousand and five. Such is the growth that this area in UAE  has achieved in a
relatively short space of time.Most of the growth is as a result of the oil and gas industry.There are
many benefits of company formation in Dubai and UAE for businesses that wish to expand to other
borders.

Any company that incorporate in Dubai will have access to double taxation treaties with almost fifty
different countries. Some of these are South Korea, India, Germany, France and China. Tourism has
boomed beyond imagination as a result of massive cash injection into the industry. The glamorous
lifestyle is used to promote the tourism industry. Man made islands that have been created there have
played a big part in help to boost tourism in the country.

Today, despite the fact that about twenty four thousand barrels of oil are produced per day in Dubai,
the oil only contributes about six percent towards the total economy . Tourism has replaced this in a
big way. This area is ranked number thirty-one on the Corruption Perceptions Index and the UN
Human Development Index. This highlights the quality of and the reputation of the country in terms
of social, jurisdiction,company incorporation in UAE and economic development.

Engineering too is taking off in no small way here. The most expensive hotel in the world is built
here. It was at one time the tallest that was built on reclaimed land. The company set up in UAE and
Dubai Accounting Services industry is promoted in a big way and to that end supportive corporate
structures and incentives have been created. Energy is low cost and they have top of the range
communications infrastructure. Dubai welcomes entrepreneurs in no small way and this is made
obvious by the quality of set up services UAE that offered to entrepreneurs with a view for company
formation in UAE

One will need a trade license to import goods into Dubai. Furthermore, there is a four percent duty
payable. Construction materials, food, medicine and products for free zones are excluded. If the
products are luxury then there is a ten percent tax duty due. Cigarettes and alcohol carry taxes of one
hundred percent and fifty percent respectively.

This country is part of a collection of Emirates in the Middle East. Despite being unified in many
ways, they still have their own tax laws, which differ from Emirate to Emirate. The law states that tax
is charged on every person who is chargeable. Chargeable persons are corporations or individuals that
are permanently established in Dubai. There are companies that are specialized in helping &
providing Dubai Accountants,consulting dubai,company incorporation in Dubai,Audit UAE,business
consulting in dubai,Accounting Dubai and other services
For Corporate tax, withholding tax, value added tax, capital gains tax and personal income tax are not
imposed in UAE. Petrochemical companies, oil and gas companies are however taxed. Even though
there are no corporate or personal taxes charged, there are other smaller surcharges that apply.

Infrastructure is unequalled here and that is what makes the benefits of company set up in Dubai so
very obvious. Entrepreneurs will have options available to them to conduct business very effectively.
There are professional companies that are specialized in providing business consulting in UAE
services.
About Author :

Morison Menon Chartered Accountants provides professional advisory services in the areas of
Accounting Dubai,business consulting in UAE,Audit Dubai,hr consulting dubai,company set up in
Dubai,company formation in Dubai,company set up in UAE,company incorporation in UAE,company
formation in UAE,company incorporation in Dubai & Business services Dubai.
For more information visit : http://www.morisonmenon.com/