The business eco-system in the United Arab Emirates is dissected in two sectors – Onshore and Offshore.
The Onshore sector is mastered with regulations over foreign ownership and is ruled by the ideation of local business interests.
The Offshore sector includes the Free Zones which are unlocked for the foreign investors.
MAGAS, a one-of-its-kind platform supports the foreign investors to setup their business in Dubai’s free zone areas. While considering the company formation process, either for onshore or offshore, the tax system stays mute. What sets the Dubai free zones apart are the custom privileges and the 100% ownership of the foreign investors.
At MAGAS, we offer you with the A to Z company formation services you require to setup your business in the Offshore sector. We have listed down some of the Dubai free zone areas for you to choose the right fit…
And more… Setting up your business in one of the free zone areas, brings to the table a multiple incentive for the investors, they are…
No corporate tax charged for 50 years
No personal income tax charged
No currency regulations
Setting up a business in the UAE, can be an enticing experience with multiple benefits but considering the risk factors, MAGAS strongly recommends you to have your business plan ready. We can make the entire company formation journey, quick and easy for you. Reach out to our experts and get a consultation for free by clicking here.