The UAE offers incoming business with all the advantages of a highly developed economy, and with opportunities booming in the world of business today, International Companies seeking to establish a business in Dubai, have a host of alternatives.
THE BUSINESS ENVIRONMENT
UAE offers business sector all the advantages of a highly developed economy. The infrastructure and services match the highest international standards, facilitating efficiency, quality and service. Among the benefits are:
- Free enterprise system.
- Highly developed transportation infrastructure
- State-of-the-art telecommunications
- Top international exhibitions and conference venue
- High quality office and residential accommodation.
- Reliable power, utilities etc
COST IN DUBAI
Dubai business setup has several advantages from a cost factor viewpoint. Most benefits are correlated to the type of business been setup, but in general, there are some guaranteed advantages, including:
- No income taxes
- No corporate taxes
- No trade barrier
- No foreign exchange controls
- Competitive energy costs
- Competitive real estate costs
- Competitive labor costs
- Competitive import duties (5% with several exemptions)
Contact us NOW if you are thinking of setting up your company in the United Arab Emirates. With our 10 years of relevant experience in the industry, you can never go wrong.
Asad Abbas, CPA, CMA, CFM
Founding & Managing Partner
Abbas & Co. (Chartered Accountants) | Mobile: +971 52 263 9794 | www.abbasaccounting.ae | Our Offices: Dubai Office: T: +971 4 432 9083 | F: +971 4 432 9084 | Aspect Tower Zone B, Office 405, Executive Towers D, Business Bay, PO Box 78142, Dubai, United Arab Emirates | Abu Dhabi Office, UAE: Tel.: +971 2 6282650 | Fax: +971 2 6282655 | Al Reem Island, Addax Tower, 35th Floor, Office 3505, Abu Dhabi, United Arab Emirates
Helps existing and potential investors and creditors and other users to assess the amounts, timing, and uncertainty of prospective net cash inflows to the enterprise
Separate Valuation each asset or liability must be valued separately.
Materiality, only items material in amount or in their nature will affect the true and fair view given by a set of accounts. Historical Cost, transactions are recorded at the cost when they occurred. Realization, revenue, and profits are recognized when realized. Duality, every transaction has two effects.