{"id":23738,"date":"2019-02-26T02:46:56","date_gmt":"2019-02-26T07:46:56","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=23738"},"modified":"2021-04-19T11:20:00","modified_gmt":"2021-04-19T16:20:00","slug":"why-dubai-is-one-of-the-best-offshore-havens","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/why-dubai-is-one-of-the-best-offshore-havens\/","title":{"rendered":"Why Dubai is One of the Best Offshore Havens"},"content":{"rendered":"
Dubai is undoubtedly one of the fastest-growing commercial centers in the entire UAE. Ever since the UAE was ranked 11 on the ease of doing business rankings, the commercial interest in the state has been consistently rising.<\/span><\/p>\n Even if we don\u2019t consider its accolades, Dubai has traditionally been one of the safest places to set up financial entities in. The numerous free trade zones that have been established provide a lot of leeway to any businesses that operate in the region. So much so that that Dubai has become a thriving commercial center.<\/span><\/p>\n In addition to the advantages that it offers to companies, there are significant major advantages to individuals in the country as well.<\/span><\/p>\n 116: How To Move To Panama Or Use It As Your Plan-B Residency \u2013 Mikkel Thorup<\/a><\/p>\n <\/p>\n The concessions and advantages that we discuss later only apply to free trade zones and nowhere else in Dubai. If you want to set up a business outside of these areas, it is better to have a Dubai local as a partner. Otherwise, the Department of Economic Development won\u2019t allow you to start a venture.<\/span><\/p>\n <\/p>\n Dubai has more than 30 free zones designed to boost the investment coming into the state. To help businesses begin operations, these are given many financial and infrastructural concessions that ease operations. Located in areas with easy access to airports, major markets, and designed with state of the art infrastructure, Dubai has set itself apart as a truly marvellous commercial hub.<\/span><\/p>\n <\/p>\n Having your business headquarters in Dubai\u2019s free zones comes with the<\/span> following concessions<\/span>:<\/span><\/p>\n Given how the place already allows you multiple business advantages, these tax concessions imply that in Dubai you stand to make <\/span>huge <\/span><\/i>profits relative to anywhere else in the world.<\/span><\/p>\n <\/p>\n With these corporate tax exemptions, personal income and finances are completely free of any tax payments. Since there is<\/span> no active income tax regime<\/span> in the UAE, expats or locals are not required to pay taxes on any income. <\/span><\/p>\n The property tax rates are minimal in Dubai, with a 4% land transfer tax on the entire value of the property and a 5% tax on any rent that is paid for the property.<\/span><\/p>\n Mikkel Thorup, the host of The Expat Money Show, helps advise clients on how to safeguard their finances through offshore financial entities. He helps people set up their<\/span> offshore bank accounts<\/span><\/a>,<\/span> companies<\/span><\/a>, and<\/span> gold\/silver vaults<\/span><\/a> in financially advantageous offshore locations. Get in touch with him today for more information on our services or to hire us to help you set up your offshore financial accounts.<\/span><\/p>\n For more information on moving overseas, please check out<\/b> The Expat Money Show with Mikkel Thorup\u00a0<\/b><\/a><\/p>\n Please visit Amazon to purchase Mikkel’s #1 Best-Selling book<\/b> Expat Secrets<\/b><\/a>. and follow Mikkel Thorup on Twitter<\/b> @ThorupMikkel\u00a0\u00a0<\/b><\/a><\/p>\n I hope you enjoyed reading: Why Dubai is One of the Best Offshore Havens. Here are some additional articles that I’m pretty sure you will love!<\/strong><\/p>\n The Ultimate Guide to Going Offshore<\/a><\/strong><\/p>\n Interested in a Panama Residence?<\/a><\/strong><\/p>\n The Expat Money Show: Interview with Joel Nagel<\/a><\/strong><\/p>\n A Second Residency to End all Your Financial Woes<\/a><\/strong><\/p>\nCorporate Tax Advantages<\/b><\/h2>\n
Some Precautions<\/b><\/h3>\n
Free Zones in Dubai<\/b><\/h3>\n
The Tax Advantages of Operating in Dubai<\/b><\/h3>\n
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Individual Tax Benefits<\/b><\/h2>\n