Why do High Net Worth Investors move to UAE from abroad?

UAE is a prominent trade and commerce hub of the world.?The country has advanced infrastructure that supports the easy growth of the business. UAE offers a host of business and lifestyle facilities for high-net-worth individuals to set up their base in the country.

There are various reasons why investors from around the world prefer UAE for setting up their companies. Following are a few such reasons:

1. Low taxation is a major advantage for High-Net-Worth Individuals in establishing their base in UAE. (Starting from 1 June 2023, a 9% Corporate Tax will be levied on companies having a net income of above AED 375,000)
2. UAE is a well-connected country with air, sea, and land transport to rest of the GCC Countries and the world. The Dubai International Airport is one of the busiest in the world in terms of passenger traffic.
3. UAE is a peaceful country, and the geopolitical stability in the region makes it the right choice for doing business without any disruptions.?
4. The banking network in the region is top-notch and provides various customized bank account opening options for entrepreneurs. The digital Bank WIO help in easy account opening and finance management through the mobile application.
5. The UAE government offers a host of incentives to businesses and startups. They have many initiatives to support business growth.
6. The business infrastructure makes UAE the right choice for HNW individuals to settle and make the country their headquarters for operating their business. [ The Free Trade Zones of UAE offer top-class office facilities and customized company packages]

Starting a Company in UAE – Steps Involved

The best way to settle in UAE is by registering a company in any of the Free Trade Zones or the Mainland. The investors can get a residence visa under the company.

The investors must follow the below steps to set up their company in UAE the right way and not hit any roadblocks.

The first step is getting the name approval from the Investors must choose tradenames that are neutral to religious sentiments or violate other specific guidelines.

Choosing the right business activity for the business is an important aspect. There are various business activities available in the Free Zone for the investors to choose for setting up their company.

Finalize the business activity and the business jurisdiction - Free Zone or Mainland. Then, take a suitable office space for the company considering other overhead expenses, location, etc.

The investor can then obtain the tenancy contract for their office space and the specific trade license for running the business legally in UAE. Once the trade license is in place, the investor can apply for their residence visa and sponsor the dependents.

Why High Net Worth Investors Prefer Dubai for Setting Up a Company?

Dubai is the perfect location for high-net-worth individuals and entrepreneurs to settle down.

They have many business opportunities in Dubai such as buying a property, investing in commercial projects, opting for a corporate bank account, settling with family, enjoying the Dubai high life, and many more.

Also, on a business front, Dubai has many advantages in terms of its strategic trade location, easy access to Airports and Seaports, world-class business infrastructure and office facilities, etc.

Additionally, the business networking opportunities in Dubai are enormous. Various high-profile events and shows are catering the elite class and business investors.

Premium Free Trade Zones in UAE such as the Dubai Airport Free Zone makes Dubai the perfect choice for global investors to set up their corporate headquarters. The Free Zones offer a wide range of company packages to easily facilitate international trade.

Through the Free Trade Zone companies, entrepreneurs can easily manage large volume trades through the airports and seaports seamlessly.

Furthermore, the robust network of international and new-age digital banks supports businesses with various banking requirements such as international fund transfer, trade finance, insurance, and more.

To know more about the various opportunities for entrepreneurs to live, work, and settle in the UAE, connect with our expert team of Business Consultants right away!

Contact Us: Aurion Business Consultants ?