Among the Arab countries and states, UAE is one that enjoys a lot of power and his regarded as a powerful state. The federation of U.A.E consists of 7 states that come under it. Dubai is the most famous among them. U.A.E has stabilized its economy due to the discovery of oil in the late 20th century. But they are not solely dependent upon it. The tourism industry for instance in Dubai is getting bigger and better. They have plans to have 20 million visitors per year in Dubai by the year 2020. For this they are planning to have more tourist attractions not only for the upper class but for the middle class as well.
Many businesses today want to invest in UAE & are interested in having a business setup in UAE. The presence of free zones in UAE. is also a major reason of attraction. These free zones are small areas of land that are spread all over UAE. The best part about them is the fact that they are free from any local restrictions and laws. A business needs most encouragement to settle and flourish in a new area. And what can be a better form of encouragement that the fact that there is zero corporate taxes in these free zones. The most famous among these free zones is the Jebel Ali Free zone commonly known as JAFZA.
These factors and the establishment of industries are factors that make businesses interested in company formation in Dubai. U.A.E. has also one of the bets Islamic banking systems and has been ranked as the emerging financial business market in Middle East.
Consultancy firms like Global Integrated services are there to guide these companies with business establishment in U.A.E. They have helped several clients with company formation in UAE. They offer corporate services along with legal aid and advice. They also guide entrepreneurs by helping them with structuring of business plans and offering the service of feasibility studies.
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