Commercial property in Dubai, including office space, retail space and storage space/warehouses is very much in demand. The incentives provided to new companies in Dubai is significant:
For example: If you form a company in Dubai within a free trade zone you will benefit from 100% foreign ownership, 100% repatriation of capital and profits, 100% corporate and personal income tax exemption, no currency restrictions and excellent support services from local authorities among many other benefits.
Dubai Taxation and Offshore Company Benefits:
Dubai does not impose income tax, capital gains tax, estate or inheritance taxes. Dubai’s Jebel Ali Free Zone offers an ideal offshore company vehicle for foreign operators. Although trading inside the Free Zone can be carried out under several different types of license the most common is a “Jebel Ali Offshore Company”.
A Free Zone Establishment or FZE is an establishment formed and registered in Jebel Ali and regulated solely by the Free Zone Authority. Such establishments must have a capital of at least 1m AED and liability will be limited to the amount of paid-up capital. A FZE need only have a single shareholder and is an independent legal entity. A Dubai offshore company may be used for a multitude of activities which many include tax mitigation, estate planning and asset protection. It is possible to hold Dubai property and other assets in privacy through a Dubai offshore structure.
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