The UAE, particularly the city of Dubai, is one of the top choices for migration. Strategic connections are key to the growth of all leading metropolises, and one reason for Dubai’s development as one of the six true global cities. The UAE, with its extensive coastline and advanced air transport system, has made travel and transport easy for people from around the world. The country’s free economy, government policies regarding business and the economy, and its welcoming stance toward trade and foreign investment have created suitable conditions for business. The government offers extensive support to companies looking to establish a business in Dubai. It also grants foreign business owners in the free zones permits to import goods with minimal customs duties.

One of the most significant features of the UAE is its tax system. There is no personal income tax, and corporate taxes are limited to the banking sector and the oil industry. With an average tax rate of 5%, the UAE offers one of the best tax regimes and long-term financial plans globally. Establishing a company in the UAE is a reasonable way to obtain a residency permit in the country. You can do this by starting a company or purchasing shares in a company with a minimum value of AED 50,000, noting that this amount must be fully paid. The company is not required to conduct commercial activities in the UAE. Business registration is possible within the country and in free zones. There are more than 40 free zones where you can register your company. Notably, companies in free zones are exempt from taxes.