An advantage of a company in Dubai can be derived from the inexpensive and founder-friendly Freezone. Compared to many European countries, there are tax advantages for company founders there. The so-called tax havens are particularly suitable for the accumulation of capital.
Another argument in favor of founding a company in Dubai is linked to the numerous government funding offers. For example, the Dubai Startup Hub is maintained by the local Chamber of Commerce and Industry. This promotes the start-up ecosystem and technology start-ups in the country.
Since 2018, the United Arab Emirates (UAE) have also had a uniform value added tax of just five percent. In Dubai itself, companies do not have to pay income tax. In addition, there is no direct taxation on corporate profits or personal income. The only exceptions to this are oil companies and foreign banks. In addition to taxes, customs duties are also low at just four percent. There are also numerous exemptions from customs duties, so that capital and profit can be repatriated back to Germany or Austria, for example. These framework conditions also speak in favor of founding a company in Dubai.
If you need more detailed information or individual advice, please do not hesitate to contact us.