Why open a business in Dubai, UAE
The establishment of business projects abroad, particularly in Dubai, is becoming increasingly popular among Russian entrepreneurs. This trend is largely driven by the favorable conditions the UAE offers to foreign businesses, such as the opportunity to register a company in a special economic zone. But how exactly does this process work, and why is it so attractive?
The core of the question “Why?” lies in the unique set of benefits provided by the UAE for conducting business. Chief among these is the absence of taxes on most types of income. This includes a zero tax rate on income from interest and dividends, corporate and personal income, as well as exports and imports of goods and services. For example, the only widely known tax is VAT, which applies if the annual turnover exceeds 375,000 dirhams and is set at just 5%.
Another noteworthy advantage for entrepreneurs is the residency requirement. Unlike many countries that mandate 180 days of residence, the UAE requires you to spend only three days a year in the country to maintain your resident status.
If you’re still wondering, “Where exactly should I start my business?” there’s good news for you. The UAE boasts about 40 “free economic zones” (Free Zones), 20 of which are located directly in Dubai. Each offers specific conditions for business operations and has unique licensing requirements. However, a common feature is that businesses registered in these zones are largely tax-exempt and can be managed entirely online without the owner’s physical presence.
According to experts from Mayak Real Estate, the most active sectors for starting a business include information technology, parallel imports, trade, and the medical industry. It’s also worth noting the growing interest in cryptocurrencies and digital assets, supported by Dubai’s favorable regulatory framework introduced in March 2022.
Healthcare is another rapidly growing sector. This segment attracts beauty salon owners, related businesses, and Russian medical clinics looking to expand their operations.
But how can you turn your idea into reality and establish your company in the UAE? Remarkably, only one visit to the country is needed. Mayak Real Estate experts offer full support, handling all documentation and securing UAE residency within two weeks. The application process begins with online registration through an intuitive interface with the assistance of a personal manager. Applications can be submitted directly on the website.
The cost of a license in the Free Zone IFZA in Dubai with one founder and visa starts at approximately $5,000. For two founders, the cost increases to $6,000. This is an investment in your future, ensuring stability and opportunities for expanding your business on the international stage.
