The Emirates have been seen as an Eldorado for decades. Every year, many expatriates leave their homeland for the peninsula. This phenomenon has only intensified since the start of the Covid-19 pandemic, with the arrival in mass of individuals, in particular influencers and celebrities who have made the headlines of the newspapers and tabloids. The Emirates, and more particularly Dubai, have mastered the situation brilliantly. We then saw a wave of expatriates arriving, settling down and starting a new life under the Arabian sun.
If you are also bound by the Emirates, you should know before you make your final decision.
What are the Emirates?
The United Arab Emirates or UAE is a federal state formed by 7 emirates independent of each other, namely: Dubai, Abu Dhabi (the capital), Sharjah, Ajman, Umm al Quwain, Ras Al Khaimah, Fujairah.
Over 85 percent of the people of the Emirates are expatriates from all over the world. More than 200 nationalities coexist on a daily basis, one of the most beautiful melting pot in the world since the Emirates are considered to be the country hosting one of the largest proportions of expatriates in the world.
Most of these expats live mainly in Dubai and Abu Dhabi, where life is good and highs are very attractive.
Some good reasons to consider the Emirates for an expatriation
Combining luxury and comfort, the UAE is the hottest destination of the moment. Whether it is for the lifestyle, the absence of taxes and the tax optimization, everyone thinks of Dubai for the creation of a company.
Creation of an offshore company, creation of a company in a free zone or creation of a mainland company, our firm can support your establishment in the Emirates. Merritt Middle East is the specialist in company formation in the Emirates since 2009.
We also support you to open an account in Dubai as well as for the residency visa procedures.
6 good reasons to move to the Emirates
Shopping hub and business center
Setting up a company is relatively easy. 3 types of structures can be considered:
- The Mainland: this type of structure can sometimes require an Emirati sponsor who will hold 51% of the shares of the company. But in recent weeks, for many activities it is no longer required to have an Emirati sponsor to open a company in Mainland;
- The Free Zone: there are more than 46 free zones in the Emirates, including more than 20 in Dubai. In free zone the ownership of the company is 100% foreign;
- The Offshore: a non-resident company whose activity is carried out all over the world except in the Emirates.
The economic environment is dynamic, and the authorities promote entrepreneurship with a simple ecosystem favorable to the creation of companies. In the emirates, business licenses must be renewed annually.
The creation of a company gives you the right to residency. You can then apply for residency for you, your family and your employees.
For all those who do not wish to create a company but who prefer to be employed, the Emirates and more particularly Dubai and Abu Dhabi can be very interesting. Beyond the very attractive salaries and benefits, career development opportunities are increasingly attracting young workers.
Companies based in the Emirates are always on the lookout for new talent to hire. So there are opportunities for everyone.
Remember, salaries are net and are not taxable. Which means that what you earn you keep.
Who does not dream of taking full advantage of the fruits of their labor without having a taxing state in the background? The absence of taxes on income, on companies, on profits, capital gains and dividends … are all factors that favor expatriation and the creation of a company in the Emirates.
In some countries like the Emirates, the taxation is much more interesting than in your countries of origin, even for foreign investors.
In Dubai everything is “the most … in the world”: the tallest tower in the world, the deepest swimming pool in the world etc. The Emirates are also known to have world class universities, hospitals of international standards, the best performing airports in the world. Everything is in place to boost foreign investment in the territory.
Living in the Emirates is living under the sun 365 days a year. Dubai offers a style and a living environment that you won’t find anywhere else. It is one of the most desirable places in the Middle East. The endless supply of restaurants, supermarkets, shopping centers, hotels, sandy beaches and other entertainment makes the Emirates “the place to be”.
Feeling safe when moving to a new country is an important consideration. The Emirates can take pride in being considered one of the most secure countries in the world. The crime rate is very low, police officers and surveillance cameras are present on every street corner.
After all these elements, you finally decide to take the plunge and explore the peninsula? Our firm takes care of all the administrative procedures related to the creation of your company, application for a residence visa, opening of a bank account, etc.
We receive you on Sunday to Thursday from 9.00am to 6.00pm in our offices in the center of JLT.
For more information and to make an appointment please send an email to firstname.lastname@example.org or by phone to +971 4 422 1345.