{"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":"

Why Dubai is One of the Best Offshore Havens<\/strong><\/h2>\n

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

Corporate Tax Advantages<\/b><\/h2>\n

Some Precautions<\/b><\/h3>\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

Free Zones in Dubai<\/b><\/h3>\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

The Tax Advantages of Operating in Dubai<\/b><\/h3>\n

Having your business headquarters in Dubai\u2019s free zones comes with the<\/span> following concessions<\/span>:<\/span><\/p>\n