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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:media="http://search.yahoo.com/mrss/" > <channel> <title>Alexander Erber –</title> <atom:link href="https://alexandererber.com/fr/feed/" rel="self" type="application/rss+xml" /> <link>https://alexandererber.com/fr</link> <description>Création de société à Dubaï / EAU - Création d'entreprise à Dubaï / Émirats arabes unis</description> <lastBuildDate>Wed, 20 Jul 2022 05:25:15 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.5.2</generator> <image> <url>https://alexandererber.com/fr/wp-content/uploads/2021/12/cropped-android-chrome-512x512-1-32x32.png</url> <title>Alexander Erber –</title> <link>https://alexandererber.com/fr</link> <width>32</width> <height>32</height></image> <item> <title>12 Countries with the Highest Personal Tax Rates (+3 with the Lowest)</title> <link>https://alexandererber.com/fr/12-countries-with-the-highest-personal-tax-rates-3-with-the-lowest/</link> <comments>https://alexandererber.com/fr/12-countries-with-the-highest-personal-tax-rates-3-with-the-lowest/#respond</comments> <dc:creator><![CDATA[Nazmul hossain]]></dc:creator> <pubDate>Wed, 20 Jul 2022 05:25:15 +0000</pubDate> <category><![CDATA[Citoyenneté et résidence]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=4111</guid> <description><![CDATA[If you are relocating to another country, you will want to do some homework about the local personal tax system and just how it compares with your present regime. This is not as simple as it may sound as tax regulations are so diverse. Being single or married will can affect your tax rate, as […]]]></description> <content:encoded><![CDATA[<p>If you are relocating to another country, you will want to do some homework about the local personal tax system and just how it compares with your present regime. This is not as simple as it may sound as tax regulations are so diverse. Being single or married will can affect your tax rate, as will the amount you earn. Countries that load the tax burden on high-earners often offer a strong economy and high quality of living, but does that mean you’ve got to hand over 30%+ of your income to live in a developed country?</p><p>Well, it depends. While few people are willing to move somewhere based on income tax rate alone, it’s certainly something to keep front of mind if you’re thinking about relocating. Let’s take a look at the countries that have the highest personal tax rates, as well as a few with the lowest.</p><h2>12 Countries with High Personal Tax Rates</h2><h3>1) Sweden</h3><p>Along with the other Nordic countries, Sweden is well known for charging high levels of income tax – the top level marginal income tax is currently a massive 57.2%. Much of the money raised goes to pay for the advanced level of welfare and social security Swedes enjoy.</p><p>Their tax system also brings other benefits. Notably, Sweden boasts one of the best income equality levels of any country in the world. Their economy also provides their population with an enviable standard of living and a high life expectancy. Not surprisingly, Sweden has the 7th largest GDP per capita in the world.</p><h3>2) Finland</h3><p>Sweden is joined in the top 10 by its neighbour, Finland. Its high rate of income tax is just a shade lower than Sweden’s at 56.9% and is set at that for the same reasons. Finland’s small population of just six million people is supported by public services and a welfare system that are the envy of many other countries.</p><h3>3) Japan</h3><p>Having a super high rate of personal income tax is unusual outside Europe, but Japan is a unique and well-developed yet historical country. Topping out at 55.95%, income tax in Japan has a history of being high. As the third most successful economy in the world, behind the US and China, there are plenty of wealthy citizens that enjoy the beautiful scenery and high levels of safety.</p><h3>4) Denmark</h3><p>At number four is the third Nordic country – Denmark. At 55.8% it is only a little lower than its Scandinavian brethren, and the high rate is for the same reasons. All these countries share the view that in order to provide a high standard of public and social services to everyone, taxes must be high to finance them. Although the population as a whole seem happy with this, it may be hard for a newcomer to see such a large proportion of their income disappear into the public coffers.</p><h3>5) Austria</h3><p>Austria is a sophisticated country that offers its citizens a high standard of living and an advanced welfare system, which befits a nation that is the 12th richest country in the world. Those benefits don’t come for free and the top rate for income tax is 55%. It doesn’t end there, however. There is a social security rate of 18%, capital gains tax can be as much as 25% and bonuses are taxed too. Of course, if you want to enjoy the beauty of the outs all-year round, you may be willing to pay these high rates.</p><h3>6) Belgium</h3><p>The top progressive tax rate in Belgium is 50% and employees pay an additional 13.07% social security tax. Once more, the government uses the cash generated by these taxes to finance robust health care, social security, and education systems.</p><p>There were new rules for expats in 2022. The minimum AGI (Adjusted Gross Income) has to be a minimum of €75,000 30% of which is a tax-free allowance.</p><h3>7) Slovenia</h3><p>One of the smallest countries in Europe, Slovenia has a growing economy and has a higher GDP than Poland or any other Slavic country. Income tax rates vary from 16% to 50%, the higher rate kicking in when the income reaches €72,000.</p><p>It has high-quality healthcare and education systems available to all residents and is an attractive country to do business in.</p><h3>8) Israel</h3><p>The only other non-European country on this list besides Japan, Israel has become known for its technology industry and as an economic powerhouse. Most recently it has become a centre for cryptocurrency ICOs and is a leader in Blockchain technology that is at the heart of this phenomenon. Israel is another country that charges its top earners a 50% rate on their income.</p><h3>9) The Netherlands</h3><p>The Netherlands was a founding member of the European Union and has the 17th-largest economy in the world. Rotterdam is the biggest port in Europe and the country is a trade centre. Income tax (plus other mandatory taxes) rises to a maximum of 49% for anyone under 65 years of age and who earns over €66,000.</p><h3>10) Portugal</h3><p>Portugal had the first global empire, and though it may have changed a lot since, still has the 46th largest economy globally, is highly developed, and is a high-income country. It uses income tax to increase parity between high-income earners and those on more modest salaries. A top marginal tax rate of 48% also helps fund free public education and healthcare systems.</p><p>Expats can set up residence in Portugal using the Golden Visa program among other options and may be able to avoid these high taxes completely for up to 10 years with the country’s non-habitual residence tax scheme.</p><h3>11) Germany</h3><p>Germany is an industrial giant and at the heart of the EU. It boasts a high standard of living and one of the most comprehensive welfare systems in the world. Income tax is progressive, starting at 1% but rising to 42% when your income reaches €58,597. Rates max out at 45% but only when you exceed an income of €277,825.</p><h3>12) Ireland</h3><p>Ireland is a welcoming country and one of the wealthiest in the EU – it is in the top 25 countries in the world. One of the reasons it has become so successful is its low corporation tax, that’s the reason for companies like Apple and Google to have large facilities in the country. But personal income tax can be as high as 40.4% for those on middle incomes and above, and they don’t benefit from the full subsidised services of the NHS, so residents do have to pay for a wide range of healthcare services.</p><h2>What countries are at the other end of the spectrum?</h2><p>Although countries that have high personal income tax rates tend to have good standards of living and excellent welfare programs, few people enjoy seeing up to half or more of their incomes taken. Many people like to have the choice of how their money is spent. So here are 3 of the best countries to relocate to that don’t take a large chunk of your income:</p><h3>1) The Cayman Islands</h3><p>To become a citizen of the beautiful Cayman Islands requires a residency of eight years, an annual income of at least $145,000, and an investment of $600,000 in real estate. But when you have been accepted, you face a life of no income tax at all. Wonderful weather and a high standard of living add to the attraction of anyone seeking a tax-free life.</p><h3>2) Monaco</h3><p>The principality of Monaco is another income tax-free place to live, but the cost of becoming a citizen is high. You need to own or rent a home and have a local bank account with not less than half a million to a million dollars as the first deposit, but once you’re there, you’ll rub shoulders with other successful people wherever you go.</p><h3>3) The UAE</h3><p>The UAE has diversified its economy in recent years, moving away from the fossil fuels that gave them the initial wealth. Now a portfolio of varying sectors makes up over half of the GDP. The UAE encourages expats to move there and offers various programs to allow that to happen. Although corporation tax is now levied, no one is liable for personal income tax. It is safe to say that few countries are so welcoming to foreign nationals seeking to be residents, nor do they offer such a high quality of life.</p><p>If you should decide on the UAE, talk to the experts. Our company was founded to help successful entrepreneurs and business owners make the most of their assets and reduce their tax liabilities to a minimum.</p><p>We have helped many clients to relocate and set up companies in the UAE, specifically in the beautiful city of Dubai. We make it easy because we understand the country and know what is required to make the process simple and straightforward. To find out more about how we can help you, <u><a href="https://alexandererber.com/en/business-set-up-dubai-uae/">click here</a></u>.</p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/12-countries-with-the-highest-personal-tax-rates-3-with-the-lowest/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Thinking About Moving to Dubai? Here’s What You Need to Know</title> <link>https://alexandererber.com/fr/thinking-about-moving-to-dubai-heres-what-you-need-to-know/</link> <comments>https://alexandererber.com/fr/thinking-about-moving-to-dubai-heres-what-you-need-to-know/#respond</comments> <dc:creator><![CDATA[Nazmul hossain]]></dc:creator> <pubDate>Wed, 20 Jul 2022 05:23:12 +0000</pubDate> <category><![CDATA[Citoyenneté et résidence]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=4108</guid> <description><![CDATA[Thinking of making the move to Dubai? As expats living in Dubai that help others set up businesses and make smart real estate decisions, we’d like to think we know a thing or two about moving to and living in Dubai. All cities have their pros and cons, but Dubai offers an extremely high quality […]]]></description> <content:encoded><![CDATA[<p>Thinking of making the move to Dubai? As expats living in Dubai that help others set up businesses and make smart real estate decisions, we’d like to think we know a thing or two about moving to and living in Dubai.</p><p>All cities have their pros and cons, but Dubai offers an extremely high quality of life for many. Today, we’re going to guide you through everything you need to know if you’re considering relocating to Dubai, including all the pros and cons of living in Dubai. Let’s start with the basics.</p><h2>Living in Dubai Basics: All About Dubai</h2><h3>Is Dubai a country?</h3><p>Dubai itself is not a country but is an emirate within the United Arab Emirates (UAE), which is a country. The UAE has seven ‘states’ called emirates with Dubai around the central point.</p><p>Dubai is a large city separated into various smaller neighbourhoods with no defining city centre. The majority of Dubai’s population is spread out along the coast, enjoying the coastal views and lifestyle.</p><h3>How big is Dubai?</h3><p>The whole Emirate of Dubai spans 4,114 square kilometres or 1,588 square miles, but the city of Dubai takes up only 35 square kilometres or 13.5 square miles of this space.</p><h3>What is the population of Dubai?</h3><p>According to the official Dubai government website, the population of Dubai is currently around 3.49 million people and increasing each year.</p><h3>What language do they speak in Dubai?</h3><p>The official language of Dubai, and the rest of the UAE, is Arabic. With that being said, English is actually the most widely used language in Dubai, so you won’t need to learn much Arabic before moving there!</p><h3>How hot is it in Dubai?</h3><p>Dubai gets <em>very </em>hot in the summer months (May to October), with highs in August reaching 50˚C (122˚F) and average temperatures of 45˚C (113˚F) during the day. During the night, it is unusual for temperatures to fall below 30˚C (86˚F). You will also notice high levels of humidity between August and September.</p><p>Temperatures will obviously be cooler in the winter, with average temperatures of 19˚C (66˚F) in January.</p><p>Due to the hot temperatures, everywhere in Dubai has air conditioning, and most people spend their time outside on the beach or in or on the water.</p><h2>What is the cost of living like in Dubai?</h2><p>Dubai is a wealthy city and has a cost of living similar to many other wealthy cities around the world, though the cost of housing is much more positive than cities like London, Paris, and New York. While annual rent for a small apartment in a central location in London or New York will set you back as much as £3,000 ($3,500) a month, Dubai is more reasonable, at around £1,200 – £1,800, depending on the location and quality of finish and amenities.</p><p>The big difference is that many areas of Dubai require you to pay your annual rent for a property upfront, which can be up to £15,000 per year if you want to live in a prime location.</p><p>Property prices in Dubai are still reasonable, so buying property in Dubai now is a good investment.</p><p>Besides the costs of housing, the other major cost can be schooling for your children. Many schools have high fees and the competition for places at the best schools is fierce.</p><p>You should also be aware that medical insurance and healthcare come with high costs, but with exceptional quality these costs are understandable and most people feel like they’re getting the right level of care for what they pay.</p><h2>Are there special rules for women in Dubai?</h2><p>Dubai is a very safe place for women, but in order to be respectful of the local people (who are largely Muslim), there are a few special rules related to women that you should know.</p><p>Bikinis can only be worn on the beach and in private spaces. If you are walking a short distance to the beach, women should wear a cover-up (not see-through) and only remove it once they are on the beach.</p><p>If you enter a religious place, such as a mosque, women need to wear a head covering.</p><h2>What are the pros and cons of being an expat living in Dubai?</h2><p>Moving to a new country (or emirate!) is a big step, and just like any other place, living as an expat in Dubai comes with both pros and cons. Let’s take a look at the advantages and disadvantages of living in Dubai:</p><p><strong>PROS</strong></p><ul><li>Dubai is a trendy, exciting, ever-changing city</li><li>Dubai offers long, hot days with cloudless skies for eight months of the year, along with wonderfully warm yet refreshing ocean water to cool off in</li><li>Dubai offers a great opportunity to expand your social life, with hotel and beach clubs, sports clubs, restaurants, and plenty of other activities</li><li>Dubai has some of the best dining experiences in the world, with cuisine available from all over the planet</li><li>Dubai has excellent standards of education with new schools and higher learning facilities popping up almost every year</li><li>There are many job opportunities with bases for nearly every major international organisation</li><li>You don’t have to pay income tax!</li><li>You can easily send money to your home country with no additional fees</li><li>Dubai’s large international airport provides access to every corner of the world</li><li>Dubai has fantastic shopping opportunities</li><li>Dubai has a very high standard of living</li><li>Crime rates are very low in Dubai</li><li>The people of Dubai are generally accepting of other ways of life, as long as you remain respectful to theirs</li><li>Taxi rates are very cheap in Dubai and the government is working to improve the public transportation system</li><li>Cars and fuel are very affordable in Dubai</li><li>Most people in Dubai are comfortable or affluent</li><li>Dubai is home to some of the best doctors and scientists in the world, and actively encourages experts in their field to move to Dubai</li><li>It’s a very business-oriented and entrepreneurial city, so there are many networking opportunities</li></ul><p><strong>CONS</strong></p><ul><li>You could find it almost unbearable outdoors in the summer with such high temperatures. However, there are AC systems in all buildings, and you could take this time as an excuse to visit your home country</li><li>The city of Dubai, like other major cities, experiences heavy levels of traffic which make it difficult to commute to work or do the school run. The development of public transport will help to ease this problem, but if you like driving you should be prepared for long journeys</li><li>There is some governmental censorship on media, websites, and even Skype which you may find restrictive</li><li>If you are employed, you may be subject to very long working hours in Dubai as the international corporations expect more from their expat employees, possibly due to the high salaries offered and the lack of tax</li><li>If you like going for nature walks or getting out into the country, you’ll have to get on a plane and go to another country to do so (though there are some <u><a href="https://www.tripadvisor.co.uk/Attractions-g295424-Activities-c57-t58-Dubai_Emirate_of_Dubai.html" target="_blank" rel="noopener">beautifully manicured gardens in Dubai</a></u>)</li></ul><h2>What rules in Dubai should I know about before moving there?</h2><p>As well as the rules that are specific to women, there are some other rules you should know before moving to Dubai:</p><ul><li>Adultery is a crime – you could be sent to prison and then deported</li><li>Getting into debt and bouncing a cheque is also a crime, with the same consequences as adultery</li><li>There is a zero-tolerance policy for drinking and driving. This law is firmly upheld and you will be jailed if you are caught breaking it</li><li>You must dress conservatively (appropriate lengths and nothing see-through) to make sure you are respectful to the locals of Dubai</li><li>During Ramadan, you cannot eat or drink during daylight hours in view of local people as it is considered extremely disrespectful</li><li>Dancing in public is considered indecent, and provocative if you are a woman, which could put you in danger</li><li>You cannot swear or make rude gestures at other drivers – road rage will not be tolerated in any form</li><li>Keep PDA to holding hands only as a married couple, anything else is considered disrespectful</li></ul><p>The important thing is simply to remember to be respectful of the beliefs of the people of Dubai. As long as you do that, you can have a great and prosperous life living in Dubai. If you are looking to relocate to Dubai and <u><a href="https://alexandererber.com/en/company-formation-dubai-services/">get your company off the ground</a></u>, we’re here to help.</p><p>We help entrepreneurs set up businesses in Dubai and relocate to this exciting city. To find out more about how we can help you, <u><a href="https://alexandererber.com/en/business-set-up-dubai-uae/">click here</a></u>.</p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/thinking-about-moving-to-dubai-heres-what-you-need-to-know/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How Do You Set Up a Business in Dubai? 8 Simple Steps</title> <link>https://alexandererber.com/fr/how-do-you-set-up-a-business-in-dubai-8-simple-steps/</link> <comments>https://alexandererber.com/fr/how-do-you-set-up-a-business-in-dubai-8-simple-steps/#respond</comments> <dc:creator><![CDATA[Nazmul hossain]]></dc:creator> <pubDate>Wed, 20 Jul 2022 05:20:19 +0000</pubDate> <category><![CDATA[Citoyenneté et résidence]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=4105</guid> <description><![CDATA[Thinking of starting a business somewhere new? If you want the buzz of being around other successful people, in a modern city, with beautiful beaches within walking distance of your home and office, you need to consider Dubai. Dubai is becoming a major business centre – as the UAE start to encourage economic growth in […]]]></description> <content:encoded><![CDATA[<p>Thinking of starting a business somewhere new? If you want the buzz of being around other successful people, in a modern city, with beautiful beaches within walking distance of your home and office, you need to consider Dubai.</p><p>Dubai is becoming a major business centre – as the UAE start to encourage economic growth in other areas outside of gas and oil, they’re doing all they can to encourage entrepreneurs like you to develop your business in Dubai.</p><p>The UAE has some of the most business-friendly tax structures in the world and is one of the only modern and wealthy countries in the world to offer 0% personal income tax. So, if Dubai has won you over, as it has so many before you, how do you set up your business there?</p><p> </p><h2>What You Need to Know Before Setting Up Your Business in Dubai</h2><h3>What are Dubai’s free zones?</h3><p>The UAE offers free zones where foreigners can set up their own businesses and retain 100% ownership of them. At the time of writing (July 2022), businesses formed in a free zone are also not subject to taxes. The limitation of forming in a free zone is you cannot do business directly with the local UAE market. There are over 45 free zones, each with its own benefits. In Dubai, the most popular free zones are:</p><ul><li><u><a href="https://ifza.com/en/" target="_blank" rel="noopener">IFZA Dubai</a></u> – our preferred free zone; it’s forward-thinking, modern, and offers some of the best benefits for the widest range of businesses. You can combine both trade and service licenses.</li><li>DMCC (Dubai Multi Commodities Center) – a popular choice for businesses in the financial or commodities sector.</li><li>DWC (Dubai World Central) – A key free zone for logistics and aviation companies.</li><li>JAFZA (Jebel Ali Free Zone Authority) – A popular choice for importers and exporters.</li><li>DAFZA (Dubai Airport Free Zone Authority) – A popular choice for businesses that need easy access to Africa, Asia, Europe, and the Middle East.</li></ul><p> </p><h3>Do I need a sponsor to start a company in Dubai?</h3><p>No, not if you’re setting up in a free zone. Provided you’re setting up in a free zone, you can retain 100% ownership.</p><p> </p><h3>What type of legal entities are there?</h3><p>There are two types of legal entities you can set up in a free zone:</p><ul><li>A Free Zone Limited Company (FZ LLC) or Free Zone Company (FZ Co.)</li><li>Free Zone Establishment (FZE)</li></ul><p>Most people choose to form a FZ LLC due to its beneficial legal structure, and not all free zones allow all legal structures. Existing companies can set up a branch of their company within a free zone.</p><p> </p><h3>Is there a minimum capital requirement?</h3><p>Some free zones have a minimum capital requirement. This varies from as little as AED 1,000 (about $270) to AED 1M ($270,000). IFZA Dubai has no minimum capital requirement, which is one of the reasons we recommend it.</p><p> </p><p> </p><h2>How to Set Up a Company in Dubai in 8 Steps</h2><h3>Step 1: Decide on the free zone</h3><p>There are many free zones in Dubai, so your first step should be to decide which free zone will be best for you and your company. Each offers slightly different benefits, but generally, we recommend <u><a href="https://ifza.com/en/" target="_blank" rel="noopener">IFZA Dubai</a></u>. IFZA is one of the most forward-thinking free zones with good support for businesses.</p><p> </p><h3>Step 2: Choose your license</h3><p>There are three different types of business licenses to choose from:</p><ul><li><strong>A commercial license </strong>– for businesses that buy and sell goods, as well as those that import and export, are in logistics, sales, real estate, and travel and tourism. This is the most common type of business license.</li><li><strong>An industrial license</strong> – for businesses engaged in manufacturing.</li><li><strong>A professional license</strong> – for businesses providing services or consulting.</li></ul><p> </p><h3>Step 3: Define your business activity</h3><p>Once you know what kind of license you need, you need to define your business activity. There are over 2,100 different business activities to choose from, so it can be a little overwhelming! There’s a full list on the <u><a href="https://ded.ae/DED_Files/ded_other/Full_Foreign_Ownership_Activities.pdf" target="_blank" rel="noopener">DED website here</a></u>, but it’s often a good idea to get advice from a consultant to ensure you select the right one, as a mistake can cause issues down the road.</p><p> </p><h3>Step 4: Choose your name</h3><p>Your next step is to choose your business name. This step is straightforward, you just need to make sure your name is not already in use and cannot be perceived as being offensive to, tied to, or referring to political groups or religious groups. If it’s named after someone, they must be a partner or owner of the business and you cannot use initials or abbreviations. Again, if you’re not sure, consulting an expert can ensure you don’t make any mistakes.</p><p> </p><h3>Step 5: Set up your office</h3><p>All businesses in Dubai must have a physical address, but the good news is forming in a free zone makes this easy. All free zones provide office space for the businesses registered with them, so you’ll be able to find an office to lease that meets your needs. Some free zones cater better to certain types of businesses than others. IFZA provides shared office spaces as well as offices to rent, so it’s a good choice for businesses of all sizes.</p><p> </p><h3>Step 6: Apply for initial approval</h3><p>The next step is to apply for initial approval – this is where the Dubai DED checks that they have no reason to object to your registering a business in Dubai. The documents required do depend some on what your business will do, but generally you’ll need:</p><ul><li>Your completed application form</li><li>A copy of your passport (needs to be in colour)</li><li>Signature(s) of the company shareholder(s) and the manager or director</li><li>A business plan</li><li>Proof of your business premises (such as a unit title deed)</li><li>A letter of intent</li><li>Registry Identification Code Form (RIC) for the manager or director</li></ul><p>If you plan to be a freelancer operating out of a free zone, you need fewer documents, usually just your application form, CV, bank reference letter, and RIC. If you need help correctly compiling these documents, we’re here to help.</p><p> </p><h3>Step 7: Open a bank account</h3><p>Once you’ve been approved, it’s time to apply for a corporate bank account. This can be a complicated process, but one of the reasons we recommend IFZA Dubai is they supply all new businesses with a list of banks that make it easy for foreigners to open a corporate bank account with them.</p><p> </p><h3>Step 8: Apply for final approval</h3><p>Once you’ve got your office space and bank account, you can submit all your information for final approval and pay your registration fees. In most cases, you need to submit:</p><ul><li>Your completed registration application form</li><li>Power of attorney given to the manager or director</li><li>Board resolution appointing the manager or director</li><li>Memorandum and articles of association</li><li>Specimen signature of the manager or director</li><li>Passport-size photo of manager or director (must be a passport-appropriate photo)</li><li>Share capital information</li></ul><p>You’ll then be given your trade license and lease agreements, and you can start the visa process.</p><p> </p><h2>How much does it cost to set up a company in Dubai?</h2><p>In most cases, it costs 15,000-25,000 AED for your company formation in Dubai, which is approximately $4,000 to $6,800 USD. Some free zones have capital requirements.</p><p> </p><h2>How long does it take to set up a company in Dubai?</h2><p>It takes around 10 days to complete the company formation process, and it usually takes a further 5 working days to complete the visa process. Once complete, you are free to conduct business in the free zone and can sponsor your family to join you.</p><p> </p><h2>Is forming a business in Dubai difficult?</h2><p>As you can see after reading the 8 steps above, forming a business in Dubai is a fairly straightforward process – it’s just a case of following the steps and ticking all the boxes. That said, knowing what boxes to tick can be much more complicated, and there are many steps that make the process more complex.</p><p>For this reason, it is difficult to figure it out on your own. For things to move smoothly, it’s best to work with a company that has plenty of experience in helping businesses form in Dubai. We help entrepreneurs set up their businesses in Dubai without complication or stress. We’ll help you get things right the first time and make the move to Dubai to start this new exciting chapter of your life.</p><p>To find out more about how we can help, or to start the process, <u><a href="https://alexandererber.com/en/business-set-up-dubai-uae/">click here</a></u>.</p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/how-do-you-set-up-a-business-in-dubai-8-simple-steps/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>10 Reasons Why You Should Choose IFZA Dubai for Your Company Formation</title> <link>https://alexandererber.com/fr/10-reasons-why-you-should-choose-ifza-dubai-for-your-company-formation/</link> <comments>https://alexandererber.com/fr/10-reasons-why-you-should-choose-ifza-dubai-for-your-company-formation/#respond</comments> <dc:creator><![CDATA[Nazmul hossain]]></dc:creator> <pubDate>Wed, 06 Jul 2022 06:39:41 +0000</pubDate> <category><![CDATA[GESTION DE PATRIMOINE]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=4078</guid> <description><![CDATA[Introduced in 2018, IFZA (the International Freezone Authority) has become one of the most popular free zones to set up a free zone company in the UAE, and for good reason. As the UAE shifts the country’s focus away from gas and oil, they’re investing heavily in other areas and encouraging entrepreneurs to invest in the […]]]></description> <content:encoded><![CDATA[<p>Introduced in 2018, IFZA (the<a href="https://ifza.com/en/" target="_blank" rel="noopener"> International Freezone Authority</a>) has become one of the most popular free zones to set up a free zone company in the UAE, and for good reason. As the UAE shifts the country’s focus away from gas and oil, they’re investing heavily in other areas and encouraging entrepreneurs to invest in the country, and that’s clear with IFZA. IFZA offers businesses more than just a place to do business in one of the best cities in the world, it offers a creative, aspirational space where businesses succeed.</p><p>If you’re thinking about forming a business in the UAE, IFZA Dubai should be at the top of your consideration list – here are 10 reasons why:</p><h5>10 Reasons Why You Should Choose IFZA for Your Company Formation</h5><p> </p><ul><li><strong>It’s Time & Cost-Effective</strong></li></ul><p>The two biggest concerns when setting up a company in a UAE free zone is the time and cost involved. IFZA Dubai offers fast, affordable company formation (starting at just AED 13,900), all of which can be implemented in Dubai. Other free zones are more expensive, often slower, and require more documentation from you prior to formation. As in other countries, there is an annual license fee, but the good news is that annual company renewal is also competitive, keeping your ongoing costs down. Costs related to getting residence visas are also generally lower here than in other free zones.</p><ul><li><strong>High-Quality Service Standards</strong></li></ul><p>We at Global Success Consulting love IFZA as a free zone setup as we work with European partners here and high-quality standards are maintained. Many believe IFZA is the next big investment hub for international businesses, and the benefits and standards of service reflect their ambition to meet these expectations.</p><ul><li><strong>Modern Infrastructure</strong></li></ul><p>IFZA enjoys all the modern amenities Dubai has to offer, a modern infrastructure, and you get your own flexi-desk or office in the free zone. IFZA’s state-of-the-art facilities will meet any new entrepreneur’s needs who can operate from an office. The free zone really is a hub of superior business activity that will allow you to make global connections.</p><p>IFZA offers foreigners to retain 100% ownership of their business, while many other areas require a native shareholder to have at least 50% ownership. You can also send all your profits to your home country, without any restrictions or requirements. It of course benefits from the generous tax benefits the UAE offers.</p><ul><li><strong>Easy Reach of Downtown</strong></li></ul><p>IFZA is easy to reach from downtown Dubai, which means you don’t have much traveling to do and can access all the world-class opportunities in Dubai. IFZA Business Park is approximately a 20-minute drive from downtown (about 20km). Dubai is a multicultural city and the IFZA Business Park brings together business owners from all over the world.</p><p>Living in Dubai offers an incredibly high standard of living, with the majority of people experiencing prosperity. You can easily establish family life here, and once you’re established, you can sponsor your family’s visas.</p><ul><li><strong>It’s Surprisingly Fast</strong></li></ul><p>Dubai being the most popular free zones, it naturally has more applications to process than other emirates when issuing work visas, but you’d be surprised how quickly they process applications. Urgent applications can be applied for as little as 1-3 days with IFZA as a part of our VIP service. You don’t need to be present to set up your company, and the approval process is also simpler (and more convenient) than in other free zones.</p><ul><li><strong>Wide Range of Business Activity Options</strong></li></ul><p>IFZA offers a large pool of activities you can choose from; there are six license categories, which cover more than 1,000 business activities. This means you have plenty of room to grow and expand. The 6 license categories are:</p><ul><li><strong>Trading License:</strong> this allows you to engage in e-commerce and retail activities, such as import and export of items specified on the license – this is the most versatile license because you can also engage in packaging and white-labeling/rebranding</li><li><strong>General Trading License</strong>: trade a wide range of items</li><li><strong>Industrial License:</strong> production, manufacture, packaging, and export – you can sell within the UAE with the help of a local service agent</li><li><strong>Holding License:</strong> hold assets such as real estate, patents, and trademarks</li><li><strong>Service License:</strong> allows you to provide services – you must demonstrate that you’re educated in the field, and they may request educational certificates or letters of recommendation – we can guide you here</li></ul><p>IFZA is one of the only free zones in the UAE that allows you to combine up to 7 trading activities, services, and consulting under one license (though note they do need to be in related fields). Other free zones require you to have different licenses for trading and consulting, which can drive up costs or limit the ways in which you do business.</p><p>Choosing the right activities is crucial, as it will impact how successfully you can obtain a Corporate Account for your free zone company, so make sure you get proper incorporation advice from an expert in Dubai to help you choose the correct activities – we’re happy to guide you on this.</p><ul><li><strong>Banks are Enthusiastic</strong><br />When you incorporate a company in IFZA, opening a corporate bank account is incredibly easy. IFZA provides a long list of banks that are enthusiastic about new IFZA-incorporated businesses and will assist you in opening an account with them without hassle.</li></ul><ul><li><strong>Offers an LLC Structure</strong><br />IFZA offers a Limited Liability Company (LLC) structure, which is one of the most popular types of company structure for businesses all over the world but isn’t offered by all free zones. If you want to operate under this type of structure, IFZA will be an ideal choice.</li></ul><ul><li><strong>You Can Upgrade Licenses Easily</strong><br />How much IFZA company formation costs depends on the visa allocation to the company license, which ranges from 0 to 6. This means you can start with a lower visa allocation package and upgrade later, should you need to.</li></ul><ul><li><strong>Privacy</strong><br />There’s no open directory of company ownership in IFZA Dubai, so you don’t need to worry about receiving unsolicited marketing materials or having your information disclosed to the public. If you are privacy conscious, this is particularly beneficial as you don’t need to find workarounds or risk your information being disclosed.</li></ul><p><strong>How do I get a residence visa through the formation of an IFZA company?</strong><br />Getting your residence visa through the formation of an IFZA company is straightforward, but if you want it to be a stress-free process, it’s best to allow an experienced consultant to guide you through the process. Here’s a basic overview of the steps involved:</p><ul><li>Get your IFZA business license and apply for your company’s establishment card within the following week (5-7 days)</li><li>Complete your visa application form and submit it to IFZA</li><li>Pay the associated fees</li><li>They’ll issue your visa and give you an appointment for your medical examination (this takes 2-3 working days)</li><li>Get your medical exam and apply for your Emirates ID</li><li>Once your medical exam results have been approved, go through the biometric scanning process</li><li>Submit all the required documents to the IFZA office</li><li>Within 10 days, your Emirates ID and visa will be ready</li></ul><p><strong>Dubai Company Formation with IFZA</strong><br />You need a professional partner to help you set up your company with IFZA and get that all-important residence visa – without a consultant to guide you, you’ll struggle to take advantage of all the great benefits forming with IFZA offers.</p><p>We understand your needs and can assist you in the successful establishment of your company in Dubai, and have helped many people make the move to Dubai to enjoy the business and lifestyle benefits.</p><p>Many people are tempted to look only at the cost of formation, but here in Dubai, you need the assistance of a company formation consultant to successfully incorporate your company and get the necessary visas. There are cheap options available from companies outside Dubai, but cutting corners in this way nearly always leads to challenges down the road. Working with us means you have someone on the ground in Dubai who can help you at any stage in the process.</p><p>If you’re ready to start the formation of your company in Dubai, we’re here to guide you to success. We provide a range of packages that can either provide you with someone to lean on when you need them, or give you the uncompromising support of our team. <a href="https://alexandererber.com/company-formation-ifza/">Click here to find out more about how Global Success Consulting can help you take your next steps toward success.</a></p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/10-reasons-why-you-should-choose-ifza-dubai-for-your-company-formation/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Should You Buy or Rent When Moving to Dubai?</title> <link>https://alexandererber.com/fr/should-you-buy-or-rent-when-moving-to-dubai/</link> <comments>https://alexandererber.com/fr/should-you-buy-or-rent-when-moving-to-dubai/#respond</comments> <dc:creator><![CDATA[Nazmul hossain]]></dc:creator> <pubDate>Wed, 06 Jul 2022 06:37:19 +0000</pubDate> <category><![CDATA[DÉLOCALISATION]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=4075</guid> <description><![CDATA[Thinking of emigrating to Dubai? You’re not alone – we help smart business owners establish their lives here after making just that decision. With such favorable tax terms, fantastic weather, and modern infrastructure, Dubai offers you a high quality of life that few other cities can. But our clients often ask us, “should I rent […]]]></description> <content:encoded><![CDATA[<p>Thinking of emigrating to Dubai? You’re not alone – we help smart business owners establish their lives here after making just that decision. With such favorable tax terms, fantastic weather, and modern infrastructure, Dubai offers you a high quality of life that few other cities can.</p><p>But our clients often ask us, “should I rent or buy?” when moving here. The answer is, of course, that it varies depending on your goals, so in this article, we’ll guide you through all the considerations you need to make before settling in Dubai.</p><p><strong>Why is Dubai so popular?</strong></p><p>Dubai was established as a small fishing village in the 18th century, but it began to grow quickly at the start of the 21st century. Today, it’s a tourist-friendly cosmopolitan metropolis with more five-star hotels than any other city in the world. This highly populated city is home to the world’s tallest building, the Burj Khalifa, not to mention thousands of high-rise apartment buildings, offices, hotel complexes, and restaurants.</p><p>For your day-to-day life, you’ll be surrounded by successful people enjoying their wealth – many spend their time on the beaches, shopping, dining out, and heading out on their yachts. Besides perhaps hiking up a mountain, skiing, or walking through a dense forest, you’ll be hard-pressed to find something you can’t do here. And, when the whim does take you to head out on your skis, there are direct flights to almost any destination in the world.</p><p>Another notable reason why so many are choosing to move their lives to Dubai is due to the business and wealth-friendly climate here. Overlooking the notable tax benefits (which we’re sure you have already noted!), the UAE wants to encourage other areas of industry in the country, besides oil and gas, and so they’re investing in ensuring the UAE is one of the most business-friendly places on the planet. This has made the UAE (and more specifically, Dubai) a hub for global business, and a key place for entrepreneurs to flock to in order to find success.</p><p><strong>Should I buy or rent when moving to Dubai?</strong></p><p>First, consider the following points:</p><ul><li>How long do you plan to live in Dubai?</li><li>How much capital do you have to invest?</li><li>Monetarily, would it make more sense to you to rent and invest your money elsewhere, or to buy and live in your investment?</li></ul><p>We’ll discuss the pros and cons of both in relation to your answers to these questions, and your answers to these questions will dictate which is better for you.</p><p><strong>The advantages of renting in Dubai</strong></p><p>If you aren’t sure how long you’ll want to call Dubai home, or if you foresee buying could have negative implications for you, it may be best to rent, at least until you feel settled. Here are the advantages of renting in Dubai:</p><ul><li>If you’re living in temporary accommodation in Dubai while you wait for your visa to go through, renting is a great option. It involves less commitment and often costs less in immediate fees. If you can find a landlord that will allow you to live in an apartment on a monthly rolling basis, you can even try out several areas of Dubai to see where you’d like to live permanently.</li><li>In Dubai, new buildings are constantly being built and many expats prefer to buy brand new. Moving into a new build as soon as it’s finished is more practical if you’re renting.</li><li>As a tenant, you’re not financially responsible for maintenance. You’ll also avoid having to pay the annual maintenance fee service charge which covers repair work or maintenance in communal areas of an apartment block.</li><li>Renting offers better liquidity and quicker access to cash. If you current investment strategy is focused elsewhere, pulling a significant amount out to buy a property may derail you. If renting can meet your needs without feeling like a financial drain, you may decide it’s better to rent and invest elsewhere.</li></ul><p>Renting is generally affordable in Dubai, especially compared to other areas of the world.</p><p><strong>The advantages of buying in Dubai</strong></p><p>For most, the advantages of buying will make it the most practical (and financially sound) choice. Here’s why:</p><ul><li>You’ll be getting an ROI. Renting offers no ROI, and while the property you live in doesn’t offer the same returns as one you own and rent out, it’s certainly a more sound financial choice. The Dubai market will never fall, so you’ll be putting your money back into your own pocket, plus interest, even if you have a mortgage.</li><li>The Dubai market is healthy. Property prices are surprisingly low, considering how much attention Dubai has attracted. Buying in Dubai as the city’s popularity is on the rise will only mean good things for you in the long term, especially as the city continues to grow and develop.</li><li>Option to rent out when you’re abroad – if you plan to spend part of the year in another part of the world, you can rent out your property while you’re gone. Some buildings may have some restrictions around this, but generally, you’ll be able to continue generating income from your property, if you choose to.</li><li>Comfort is higher when you own your home. When you own a property, you have far more control over what goes on inside the home. While many apartment buildings have rules and regulations about renovations, you can renovate and redecorate within those guidelines as you see fit – no being stuck with lackluster decor.</li><li>You can get a Golden Visa. If you plan to stay a resident of Dubai for the next decade, a Golden Visa should be your goal, and that’s much more achievable when you own property – read on below to find out more.</li></ul><p><strong>What is a Golden Visa and am I eligible to apply?</strong></p><p>The Golden Visa allows you to live in the UAE for ten years without worrying about renewing documents or traveling back to your home country at short notice. It’s an incredibly attractive perk for those looking to live and work in Dubai as it removes a lot of the hassle of relocating to the UAE. The Golden Visa affords huge opportunities in terms of relocation and career progression, and only costs (up to) around $1,000 to apply.</p><p>The reason why real estate ownership matters here is because you can essentially “buy” your way to a Golden Visa, simply by owning a significant amount of equity in real estate outright in the UAE. While the amount you need to invest is higher than some other (less desirable) countries with similar tax benefits, it’s a relatively low purchase amount.</p><p>You can apply for a five-year Golden Visa if you own properties outright worth AED 2 million in the UAE. If you have a mortgage, you may be eligible to apply for the visa if at least AED 2 million of the property’s value is your equity, but outright ownership is most desirable. (We can advise you here.)</p><p>For this reason, if you want to stay in the UAE for more than 3 years, it makes sense to buy.</p><p>A Golden Visa is also available if you’re a retired foreigner of at least 55 years old with investments worth AED 1 million and a monthly income of AED 15,000. Your Golden Visa can also extend to your spouse and children, regardless of their ages. Not only this, but your family is also entitled to keep their Golden Visas even in the event of your passing, so you don’t need to worry about them being displaced.</p><p><strong>Time to Buy? We Can Advise</strong></p><p>When it comes to the decision of buying or renting, the choice is yours. Whether you buy or rent in any city depends on your financial situation, life goals, and how long you plan to live there. The decision you make will affect your standard of living, monthly outgoing expenses, and security, so consider what’s right for you carefully.</p><p>If you decide buying is right for you, we’re here to help advise you on making a sound real estate investment in Dubai.</p><p>We work with the most successful real estate developers in Dubai and have an intimate knowledge of the real estate market. We’ll show you where to invest in an apartment or house in Dubai, bearing in mind your budget, desired area of the city, and the type of home you want to live in. From high-end penthouses in lively hotspots to quiet, family-friendly homes, we can help you find your dream home.</p><p>For more information, please <a href="https://realestate.alexandererber.com/contact/">click here</a> or get in touch directly through our contact form today and we’ll help you make the right decision.</p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/should-you-buy-or-rent-when-moving-to-dubai/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How to Emigrate to Dubai with a Golden Visa</title> <link>https://alexandererber.com/fr/how-to-emigrate-to-dubai-with-a-golden-visa/</link> <comments>https://alexandererber.com/fr/how-to-emigrate-to-dubai-with-a-golden-visa/#respond</comments> <dc:creator><![CDATA[Nazmul hossain]]></dc:creator> <pubDate>Wed, 06 Jul 2022 06:35:38 +0000</pubDate> <category><![CDATA[Création d'entreprise]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=4072</guid> <description><![CDATA[Many people aspire to live in the United Arab Emirates, particularly in Dubai. Infinite business opportunities, tax-free earnings, beautiful technologically-advanced living accommodation, superb eateries, sun, sand, and sea – a paradise for many. No wonder expats from all over the world are clamoring to get residency in the UAE, especially with the cost of living […]]]></description> <content:encoded><![CDATA[<p>Many people aspire to live in the United Arab Emirates, particularly in Dubai. Infinite business opportunities, tax-free earnings, beautiful technologically-advanced living accommodation, superb eateries, sun, sand, and sea – a paradise for many. No wonder expats from all over the world are clamoring to get residency in the UAE, especially with the cost of living and political climates heating up in so many areas.</p><p>Naturally, immigration laws are strict and anyone seeking residency has to fulfill certain criteria. However, in 2019 the UAE brought in the Golden Visa system that makes it easier for people to get a permit to move there, plus the security of knowing they have a guaranteed five or ten-year visa that is renewable.</p><p><strong>How can you emigrate to Dubai?</strong></p><p>Those wishing to emigrate to Dubai have several options available to them:</p><ul><li><strong>Obtain an employment visa</strong></li></ul><p>Anyone securing employment from a Dubai-registered company should be able to obtain a three-year visa that can normally be extended on a rolling basis. In this case, the employer acts as the sponsor and applies for the visa on the employee’s behalf.<br />To begin, the employer must apply for a foreign citizen’s entry visa after submitting its business license and obtaining approval for the hiring of a foreigner. This lasts for two months and gives time for the employment visa application to be made.</p><ul><li><strong>Apply for a family visa</strong></li></ul><p>Expats can also act as sponsors for family members, once they’ve obtained their own residential visa. The UAE requires evidence of a monthly income above 3,000 AED ($800) if their accommodation is provided by their employer and over 4,000 AED ($1,090) if living in their own property. This makes the bar to entry low.</p><p>The sponsor must also provide their own residence visa when making the application, plus a security deposit payment.</p><ul><li><strong>Get a business visa when opening an onshore company</strong></li></ul><p>To qualify for an investment visa, a foreign national must show evidence of sufficient funds that allow them to either make a heavy investment in a Dubai-based company or start a business themselves. This can either be a business where they have a UAE-national as a majority shareholder, or owned entirely by them founded in a UAE free zone. (We recommend IFZA Dubai for this – click here to learn more about how we help people like you emigrate to Dubai with the formation of a company in a free zone.)</p><ul><li><strong>You can purchase property</strong></li></ul><p>To get residency through the investment program, the minimum investment in real estate is 1 million AED ($272,250). This has to be the purchase value and the property must be residential. Further, the authorities will need proof of an income of a minimum of 10,000 AED ($2,720) per month.</p><ul><li><strong>You can apply for a Golden Visa</strong></li></ul><p>We’ll dive into what this entails below.</p><p> </p><p><strong>What is a Golden Visa?</strong></p><p>The Golden Visa program was designed to allow foreign nationals to live, work, and study in the UAE – without the need for a national sponsor. It also allows holders to own 100% of a business based in the Emirates.</p><p>A Golden Visa is issued for a ten-year period which in normal circumstances can be renewed one or more times. Other forms of residency visas are generally for much shorter periods – commonly two to three years.</p><p>This visa is not to be confused with citizenship. Emirati citizenship is usually only granted to people nominated by officials of the government or royal court. Generally, for a foreigner to be considered for this privilege, requires residency for at least 30 years. The exceptions are children born to foreign nationals in the UAE are automatically given citizenship and women married to UAE citizens can apply after just three years.</p><p><strong>Who can get a Golden Visa?</strong></p><p>Applicants are drawn from certain groups, in particular:</p><ul><li>Investors</li><li>Business owners</li><li>Scientific researchers and inventors</li><li>Medical professionals</li><li>Students with remarkable talents</li><li>Coders</li><li>Creative people involved with culture and the arts</li></ul><p>Investors will need to show that they are willing to invest 10 million AED ($2.7 million), either in a UAE-based investment fund, a new company, partnering with an existing business, or a combination of those (though not more than 40% can be in real estate).</p><p>Specialists in all fields will also need to prove they have an employment contract in that area located in the UAE.</p><p>Golden Visas can be granted to students who have shown beyond average aptitude in their education. For instance, pupils from private or public schools that have achieved 95% or more in their high school certificate, and university students who have a cumulative grade point average (GPA) of 3.75 or beyond. Student visas last five years and are technically called UAE Green Residence visas, though they otherwise conform to the Golden Visa program.</p><p>Doctors and specialists who wish to apply for a Golden Visa have to have a Ph.D. from one of the top 500 universities and have been working in their field of expertise for at least 10 years. They should also be recognized by their peers, have published important papers, and be able to contribute to priority areas in the UAE.</p><p>Coders need to have shown a high level of ingenuity and have worked within leading tech companies. Particularly in the fields of information technology, artificial intelligence, healthcare, engineering, education, social sciences, and similar.</p><p>The Golden Visa program welcomes applications from professionals of all types. It is designed to encourage highly skilled workers in many fields – healthcare, business, education, engineering, and science. As in other cases, applicants will need to demonstrate a high level of expertise in their particular specialty. A good degree and a monthly income of 30,000 AED ($8,150) are more or less mandatory.</p><p>Anyone who owns properties outright in the UAE valued in excess of 2 million AED ($545,000) can apply for a five-year Golden Visa.<br />Retired foreign nationals who are 55 years old or more can apply provided they have an investment portfolio of 1 million AED ($272,250) or greater and a monthly income of at least 15,000 AED.</p><p>Entrepreneurs can also apply for a five-year Golden Visa so long as they own or are partners in a company that has an annual revenue of 1 million AED ($272,250) or more, or have previously sold a company they founded or helped to found for more than 7 million AED ($1.9 million).<br />In all cases, successful Golden Visa applications allow their spouse and children to also apply and get a visa.</p><p><strong>How we can help you?</strong></p><p>Application for a Golden Visa is made through the UAE’s Federal Authority for Identity and Citizenship website. First, you apply to be nominated, and you should receive confirmation within 30 days. This allows you to upload the appropriate documents after which you should be granted your visa within a few weeks.</p><p>If applying from outside the UAE, you will first be given a six-month visa – that allows you to settle in Dubai and gives you the time to qualify for the Golden Visa.</p><p>The cost involved depends on the details of the visa, but from within the UAE, you should expect it to cost between 2,800 and 3,800 AED ($760 – $1000), while from outside, it is around 1000 AED ($270) more expensive.</p><p>A Golden Visa provides many benefits:</p><ul><li>Discounts on cars, property, healthcare, hospitality, and insurance</li><li>Reduced mortgage rates in some instances</li><li>Special offers on restaurants, gym membership, hospitality, and more</li><li>Reduced cost of health insurance</li><li>The security of a long-term visa</li></ul><p>The application process is straightforward but complex. That is where Global Success Consulting can help. We take over the heavy lifting and allow you to get on with your busy life. The benefits of a Golden Visa for investors are particularly exciting. We can help take care of all the paperwork and with the relationships we have built up over time, can make the whole process painless for you.</p><p>Global Success Consulting can assist you with not just the visa but guide you through the purchase of real estate, and selection of banks, and provide all the services you need for the successful immigration to Dubai of yourself and your family.</p><p>Don’t leave anything to chance with your move. Trust the experts who have the most experience and the best connections to provide you with the best service. <a href="https://alexandererber.com/full-service-paket-auswandern-dubai-uae/">Click here to learn more</a> or to <a href="https://alexandererber.com/book-for-consultation/">contact us today.</a></p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/how-to-emigrate-to-dubai-with-a-golden-visa/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Votre guide des services bancaires aux entreprises à Dubaï</title> <link>https://alexandererber.com/fr/your-guide-to-corporate-banking-in-dubai/</link> <comments>https://alexandererber.com/fr/your-guide-to-corporate-banking-in-dubai/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 04 May 2022 12:10:16 +0000</pubDate> <category><![CDATA[ÉCONOMIE DES ÉMIRATS ARABES UNIS]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=3595</guid> <description><![CDATA[Guide to Corporate Banking. Opening corporate bank accounts in the UAE or the United Arab Emirates, and around the world has become increasingly difficult due to increasingly difficult requirements. There have been a series of scandals in offshore banking that have led regulators to crack down on banking compliance and create stricter guidelines. This means […]]]></description> <content:encoded><![CDATA[<h2>Guide to Corporate Banking.</h2><p>Opening corporate bank accounts in the UAE or the United Arab Emirates, and around the world has become increasingly difficult due to increasingly difficult requirements. There have been a series of scandals in offshore banking that have led regulators to crack down on banking compliance and create stricter guidelines. This means opening and maintaining a foreign business account has never been more challenging. In this article, we’ll go over why this has become so tough, and give you a guide on how to do corporate banking in Dubai right, avoiding costly fees, time wasted, and company failure.</p><h3>What’s Changed About Corporate Bank Account In Dubai</h3><p>In the past, you could open a corporate bank account while using a co working space or a flexible desk space. They used to be more relaxed about time spent and numbers of visits to UAE regarding your corporation. However, now because of the increased regulations, you are required to rent an un-shared office space and maintain a permanent residence. Banks are now considering the applicant’s time spent in the UAE, and asking for documentation to prove that the corporation is truly being run out of the UAE. They want to be sure a business is in fact run out of the UAE and isn’t just opening the corporation for tax avoidance.</p><h3>What Happens When Your Company Doesn’t Meet Regulations</h3><p>Working with the wrong business consultant can hurt companies at the very beginning of their setup. These companies don’t even get the chance to start, as when the setup is incorrect, or they are founded in a Free Zone, it makes banks unlikely to work with them. Banks require an understanding of the company’s activities and verification to process their banking application and decide to go ahead working with a new company. Many newly founded companies in the UAE fail because the wrong licenses were chosen in the beginning stages of setup and/or they have multiple shareholders.</p><h3><img fetchpriority="high" decoding="async" class="alignnone size-medium" src="https://alexandererber.com/en/wp-content/uploads/2021/08/dmitry-demidko-eBWzFKahEaU-unsplash.jpeg" alt="Your Guide to Corporate Banking in Dubai" width="1920" height="1280" /><br />What Works</h3><p>One of the only options now to ensure that your company can not only be founded but can avoid regulation crackdowns is opening a permanent office called a Business Ejari. While some UAE business consultants can help, one must be sure that they’re working with the right person, as some just want to quickly find your company, and not walk their clients through the ins and outs of regulations requirements and the UAE standards for corporate banking.</p><p>Before a company applies to a respective bank, they should utilize a business consultant who can check with the bank to find if their company has the desired activity and correct setup. This avoids being denied from banking activities and therefore avoids a company failing before it’s had the chance to begin. Alexander Erber is a highly experienced global optimizer, strategist, and finance consultant that companies trust, as he’s proven successful in helping newly founded corporations find banking partners in Dubai.</p><h3>How Corporations Can Successfully Bank In Dubai</h3><p>European and international corporations need to partner with a bank that will accept Cross Border Payments, as opposed to only allowing payment with the AED or the United Arab Emirates dirham. Many banks don’t want corporations to use any other form of currency until three to six months into their partnership. This is because few banks in Dubai are suited for international banking, and many are singularly focused on Islamic banking. Below are two ways a company can get a corporate bank account in Dubai.</p><p><strong>Option 1: Deposit The Banks Minimum Balance</strong><br />Companies can deposit a minimum balance of 21.000 AED – 250.000 AED. Although all banks vary slightly, Companies should be careful not to allow their balance to drop below 21,000 AED or they’ll be liable for a costly fee.</p><p><strong>Option 2: Purchase Bank Products</strong><br />When a corporation has no connection to or with a bank, purchasing bank products allows for them to build trust through entering into a business relationship. Once you have a business relationship with the bank it’s easier to get a Corporate Bank Account, which is the more popular and helpful option for newly founded companies trying to do business out of the UAE.</p><h3><strong>Corporate Banking Explained</strong></h3><p>Wealthy customers, with higher net worth and who can make larger deposits can invest in the products of the bank. This is the easiest and most surefire way to get a bank account, but it costs companies an investment of AED 150,000 or higher. However, just because one can make the minimum deposit, they still need to have a working home address for the UAE, a coherent license, a business within a sustainable field, and a permanent office address- meaning not co working space and not a flexible desk. It helps greatly if you have a business partner who also lives in the UAE, and runs their side of the corporation out of the UAE.</p><p>For individuals with a lower net worth, they’ll need to meet the same requirements, but can deposit a lower amount, either AED 50,000 – AED 150,000 always at a minimum of there minimum balance. Wealthy customers have an easier time, but customers with a smaller budget can still find banking solutions, they just may need more collateral at their desired bank.</p><h3>Why Location Matters</h3><p>When opening your company in Dubai, one must choose Mainland Company on their company application. Most banks are now refusing to work with any corporation from a free zone, and when they make an exception, they require an Ejari and business address. It’s far easier for entrepreneurs to get an account when they opt for a Mainland Company, as opposed to a free zone, although some of it is dependent on the activity of the company.</p><h3>How Global Success Consulting Can Help</h3><p>Without the right bank, it’s nearly impossible to keep a corporation afloat in the UAE, and Working with Global Success Consulting has helped many entrepreneurs meet the requirements of the banks as they have in-depth knowledge of each bank’s specifics. GSC has helped many companies find the internal bank that’s most suitable for their field of work so that they can find long-term success through a solid relationship with the right bank.</p><p>GSC helps its clients with the extensive setup of banking in the UAE, and has proven to be more successful than 98% of its competitors. Although working with GSC comes at a price for newly founded companies, it’s worth the investment to ensure that your corporation doesn’t fail before it begins. Banking setup is not the place to save when immigrating or starting a company in Dubai, it’s the singular most important insurance of a company’s success. Proper company setup means having a proper bank account, and with GSC you can be advised on the pitfalls that so many corporations fall into.</p><p>Startups require capital, and without the right banking setup, a company cannot succeed in Dubai, so don’t take this step on your own. Work with a professional at Global Success Consulting who deals with the banks and knows them on a personal level. They understand their requirements and know how to meet each one’s unique conditions so that your company can find permanent success in the UAE.</p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/your-guide-to-corporate-banking-in-dubai/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Combien coûte la vie d’un expatrié à Dubaï?</title> <link>https://alexandererber.com/fr/how-expensive-is-it-for-an-expat-living-in-dubai/</link> <comments>https://alexandererber.com/fr/how-expensive-is-it-for-an-expat-living-in-dubai/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 04 May 2022 12:02:01 +0000</pubDate> <category><![CDATA[Services bancaires et financiers]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=3592</guid> <description><![CDATA[How Expensive is it For an Expat Living in Dubai? – Don’t forget to Miss Out !!!! If you want to immigrate to the UAE or the United Arab Emirates, you’ll need to understand the cost of living in Dubai vs the US and other foreign countries. Whether you are an entrepreneur looking to start […]]]></description> <content:encoded><![CDATA[<p>How Expensive is it For an Expat Living in Dubai? – Don’t forget to Miss Out !!!!</p><p>If you want to immigrate to the UAE or the United Arab Emirates, you’ll need to understand the cost of living in Dubai vs the US and other foreign countries. Whether you are an entrepreneur looking to start a new company or looking to find increased success within your field of expertise or the global job market in general, Dubai can be a great place to live and do business. In this article, we’ll go over the expenses associated with living in Dubai, what it’s like to live there, and how the government is trying to mitigate the rising costs of living. Dubai is attractive as a country to immigrate to and a great option for ex-pats looking for growth in their personal, business, and financial lives.</p><h3>Is Living In Dubai Expensive? A Cost Comparison</h3><p>Cost of living refers to the living expenses necessary to survive. These don’t include any recreational spending, only food, travel, clothing, and healthcare. When you compare the cost of living in Dubai with the US and other foreign countries, Dubai is one of the most affordable places to live. Consider first, the cost of living in London, a city known for its elite business practices, and its high cost of living for a single person before rent. They have a monthly cost of living of around $1,180 (USD), whereas, in Dubai, the cost of living is between $938 to $946. In the US, New York offers a sky-high cost of living at $1,364.87. Although a few hundred dollars a month may not seem like much, when you consider the differences in rent costs, this amount quickly adds up and affects the overall quality of life.</p><p><img decoding="async" class="alignnone" src="https://alexandererber.com/en/wp-content/uploads/2022/04/dubai-gccf6a28a6_1920.jpg" alt="Living in Dubai" width="1920" height="1117" /></p><h3>Residential Cost In Dubai Compared</h3><p>The difference in cost between Dubai and London is more than a thousand dollars, and in comparison with New York in the United States, it’s almost two thousand. So to live in Dubai as compared to NY or London, ex-pats could save anywhere from two to three thousand dollars a month. This is all aside from the fact that those that choose to immigrate to the UAE see increased business opportunities and increased money-making opportunities. Your residential costs in Dubai are greatly dependent on where you want to live, and where you intend to do business. Many ex-pats opt to live in The Jumeirah Lakes Tower community, as it has the nearby amenities helpful for newly immigrated businessmen and women and access to a variety of industries.</p><p> </p><h3><a href="https://alexandererber.com/en" target="_blank" rel="noopener">Cost Of Education</a></h3><p>If you’re immigrating with a family, you’ll want to know what to expect for education costs in Dubai. Although ex-pat children are allowed to attend both public and private schools, there’s no way to avoid paying a fee. The public school system in Dubai will cost ex-pats 1,635 USD per year, but most families choose to put their children in private schools as they are far superior. International schools, the likes of which are often sought after by ex-pats, are not nearly as expensive as those in the US, costing only 3,710–5,830 USD per year. Considering that London and other European countries cost families more than 10,000 USD per year, Dubai makes for a substantially smart financial choice for families.</p><p> </p><h3>But Is Dubai A Good Place to Live?</h3><p>It’s clear that Dubai offers ex-pats a lower cost of living, better rate for education, and lower cost of housing, but how is living in Dubai? According to a recent study done by researchers at Resonance Consultancy, the UAE was ranked 9th in the world due to its high quality of life for residents and amazing environment. Part of what makes Dubai so attractive is its ever-changing landscape and dedication to new and interesting activities. From indoor shopping malls- the likes of which you can’t see anywhere else, to their expansive nightlife and landmark lookouts as seen from the tallest building in the world, residents love living in Dubai. More importantly, however, is Dubai’s low crime rates, clean neighborhood, and weather, as these aspects affect ex-pats’ ability to live safely and happily in a new country.</p><p> </p><h3>How Regulations Have Fought The Rising Cost of Living In Dubai</h3><p>The cost of living in Dubai has grown greatly in the last ten years, the regulations of the UAE have helped to lessen the effects of the Covid-19 pandemic and also lowered the cost of living. The UAE’s dedication to making Dubai attractive for entrepreneurs and talent in the business world has also lowered costs. These efforts have not only made Dubai wrought with business opportunities but filled with leaders of industry who are looking for entrepreneurial talent and innovative new ideas but kept the price of Dubai low for ex-pats. The government of the UAE values the entrepreneurial spirit, and this has been made possible through their extended visa and funding that supports small businesses. They have an environment that allows for growth in a variety of industries and makes for an attractive location for businesses to be founded.</p><h3>If You’ve Decided On Dubai</h3><p>If you are an ex-pat entrepreneur looking to expand your business and create a better life for yourself and your family, you’ll need help with the setup of your new life and the founding of your business. Specifically, if one needs assistance in trying to form new relationships with UAE banks, working with a consulting firm is key. Many Dubai immigrants who are trying to set up their corporation in Dubai are met with difficulty because they don’t understand the difference between free zones and the Mainland Company. As both running a business and day-to-day life require capital, you’ll need to create a successful relationship with a bank. Many banks won’t work with those who’ve set up their companies in free zones, a fact many ex-pats are unaware of.</p><p>Global Success Consulting is a top-tier financial management and businesses consulting firm that helps ex-pats create new companies in a landscape they may not understand fully. To avoid costly mistakes, wasted time, or worse case scenarios like denial from banks, work with Global Success Consulting so that you can enjoy all that Dubai has to offer.</p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/how-expensive-is-it-for-an-expat-living-in-dubai/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Pays sans impôt sur le revenu: 4 pays que vous devriez considérer</title> <link>https://alexandererber.com/fr/countries-without-income-tax-4-countries-you-must-consider/</link> <comments>https://alexandererber.com/fr/countries-without-income-tax-4-countries-you-must-consider/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 04 May 2022 11:59:06 +0000</pubDate> <category><![CDATA[GESTION DE PATRIMOINE]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=3588</guid> <description><![CDATA[Countries Without Income Tax-Free: 4 Countries You Must Consider Thinking of moving to a country with no income tax? You’re not alone – no one enjoys paying a large percentage of their wage in income tax, especially when you have no control over how and where it’s spent. While a good accountant can minimize the […]]]></description> <content:encoded><![CDATA[<h3>Countries Without Income Tax-Free: 4 Countries You Must Consider</h3><p>Thinking of moving to a country with no income tax? You’re not alone – no one enjoys paying a large percentage of their wage in income tax, especially when you have no control over how and where it’s spent.<br />While a good accountant can minimize the amount of tax you pay, if your country has income tax to pay, you’ll be paying it. In countries like the UK, Germany, and Denmark, that can be up to 45%. That’s a tough pill to swallow.<br />However, there is a way that many (particularly high earners, who are literally taxed for their high achievement) choose to reduce their tax burden – relocate. By no means do all countries charge their residents income tax. Being domiciled in a state that doesn’t charge income tax can mean that more of your salary is under your control.</p><h3>What countries have no income tax?</h3><p>There are currently 23 countries in the world that don’t require residents to pay income tax. If you have decided that relocation is the best next step for you, you will need to choose which of these states is most suitable – not just for financial reasons but also where you would like to live.<br />It is more difficult to obtain a residence permit in some countries than others, and some have their own particular difficulties – some countries that have no income tax can be dangerous and some have extremely strict rules around who can and can’t live there, so you’ll need to consider what quality of life you want.</p><p>Here’s a list of the countries you should avoid due to crime or a failing economy, take too long to gain permanent residency in, or are simply too difficult to move to:</p><ul><li>Bahrain</li><li>British Virgin Islands</li><li>Brunei</li><li>Kuwait</li><li>Maldives</li><li>Nauru</li><li>Norfolk Island</li><li>Pitcairn</li><li>Oman</li><li>Qatar</li><li>Saint Barthelemy</li><li>Saint Kitts and Nevis</li><li>Somalia</li><li>Turks and Caicos Islands</li><li>Vatican City</li><li>Wallis and Futuna</li><li>Western Sahara</li></ul><p> </p><h3>6 Most Popular Countries Without Income Tax</h3><h4>The Bahamas</h4><p>The income of the Bahamas is largely derived from tourism and financial services. Obtaining citizenship is straightforward if you have the time and cash available, but the good news is you don’t have to become a citizen to benefit from an income tax-free life.<br />To qualify, you’ll need to live there for 90 days and not spend more than 183 days in another country. For permanent residency, you’ll need to purchase a (fully constructed) residence – those spending more than $750,000 BSD will get “speedy consideration,” though there are other ways, too.<br />The Bahamas enjoys a lower cost of living, good infrastructure, and a good range of services. Most people living in the Bahamas choose to go to their home country or to the US for medical treatment.</p><h4>Bermuda</h4><p>Bermuda is a more popular choice than the Bahamas since it’s more developed and enjoys significantly lower crime rates, but that does, of course, come at a cost. Bermuda has a high cost of living, largely due to its isolation. However, if you see yourself in the Caribbean, Bermuda will offer you beautiful beaches, fine dining, and exquisite scenery to explore.<br />Note that there is a payroll tax, which is about 6%. However, income from investments and even rental income is not taxed.</p><h4>Cayman Islands</h4><p>Tourism replaces oil as the mainstay of the Cayman Islands economy, enabling it to leave its inhabitants free of income tax. Aside from the beautiful climate, the standard of living is one of the highest in the world, making the Cayman Islands a popular choice for many seeking a tax-free life.</p><p>The Cayman Islands have no corporation tax, income tax, property tax, capital gains tax, payroll tax, or anything else – it’s a true tax haven.</p><p>Becoming a citizen is not hard, though you do need to have resided there for a minimum of 8 years. You are also required to have an annual income of at least $145,000 and an investment of $600,000 in real estate. There is an application charge and an income-based annual fee of up to $15,000.</p><h4>Monaco</h4><p>The Principality of Monaco has long been a financial center and, unsurprisingly, its residents enjoy a high standard of living. With beautiful scenery, the Monaco Grand Prix, and easy access to popular European countries, it’s easy to see why it has become so popular.<br />However, becoming a Monaco resident is costly, but it is fast. You can gain a legal residence permit by depositing more than 500,000 euros in a local bank, and owning or renting a home there. You should also be aware that companies that obtain over 25% of their profits outside Monaco (which is a small, city-state) face a 33% tax levy.</p><h4>United Arab Emirates</h4><p>Although the wealth of the UAE originally derived from oil and natural gas, it has successfully diversified its economy with the service sector and industry contributing half of the UAE’s GDP. Residents enjoy a high standard of living and the UAE is largely welcoming to foreign nationals.<br />Via the Kafala sponsorship program, individuals can receive sponsorship from a local business or resident and receive a visa, though this needs to be renewed regularly. Generally speaking, it is easier to gain residency in the UAE than in other Gulf countries.<br />The UAE offers plenty of luxury experiences, entertainment, and many people speak English, especially in cities like Dubai.<br />You can get a 10-year UAE residence visa if you’re an investor, willing to make a public investment of at least AED10 million. This can be to a local investment fund, forming a business in the UAE with capital of AED10 million, or a total of at least AED10 million across both options. The only condition is that you cannot invest more than 40% in real estate, the remainder must be elsewhere.</p><h4>Vanuatu</h4><p>Set in the South Pacific, Vanuatu is a country reliant on tourism and financial services for its income, though this is bolstered by agriculture. Gaining citizenship is relatively easy – around $145,000 for an individual and $195,000 for a family of four.<br />Vanuatu is a beautiful island near Fiji. It’s a good choice if you do most of your business in Australia, New Zealand, and South East Asia, but flights back and forth from Europe and the US will get old fast – it takes about 17.5 hours to fly from New York.</p><p><img decoding="async" class="alignnone" src="https://alexandererber.com/en/wp-content/uploads/2022/04/money-g72d97c473_1920.jpg" alt="Countries Without Income Tax" width="1920" height="1280" /></p><h3>Why Choose the UAE?</h3><p>If you read through the above list, the UAE is the one that ticks the most boxes – a strong, diverse economy, a high standard of living, a straightforward application process, and no income tax. It is also a safe and tolerant country that openly welcomes foreign residents, and is in a central location. While the visas have a maximum of 10 years, they can be renewed.</p><h3>But what about corporate tax?</h3><p>If you are an entrepreneur, is the UAE a good fit for businesses? The short answer is – yes. Although the UAE announced recently that it was introducing a 9% corporate tax for Mainland companies beginning in June 2023, it is still one of the best countries in which to found a company. Companies in Free Zones remain exempt from taxation.</p><p>As the world becomes less dependent on fossil fuels, so the governments of oil and natural gas-rich countries need to build for the future by diversification and a cautious introduction of taxation. Back in 2016, the Gulf Cooperation Council (GCC) decided that all states should impose VAT. The UAE, along with Saudi Arabia, was the first to do so, in 2018. Although the UAE set this at just 5%, it has generated an estimated $26 billion up to now.</p><p>Similarly, in 2021, the UAE, along with over 100 other countries, agreed to put in place a corporate tax of at least 15%. This was an effort to ensure that the global big corporate players pay their share of tax and help bolster the global economy. The UAE agreed as they see corporate tax as an aid to enlarge the country’s income streams but believe their move to a 9% tax will help them keep their competitive edge. By comparison, other countries that use low taxation as a means to boost investment set the charges rather higher. Singapore, for example, levies a 17% tax.</p><p>The UAE’s 9% is also the lowest among the six nations that make up the GCC (though Bahrain has not yet introduced a corporate tax). The move should improve corporate governance and help provide a boost to the broad economic outlook.<br />Moreover, the tax is only for profits above Dh375,000 (just over $100,000) dollars, so there will be little effect on nascent companies. It also doesn’t apply to profit generated from real estate – the government obviously sees this as an important sector going forward.</p><h3>Individuals still enjoy a tax-free income</h3><p>The new corporate tax has no direct impact on the individual – there will still be no income tax – though it may cause businesses to change the employment packages they offer if they wish to maintain the dividends offered to shareholders.</p><h3>We are the experts</h3><p>If you aren’t sure if the UAE is the country for you, reach out to us at Alexander Erber. Global Success Consulting was created by Alexander Erber to help high-flying clients maximize their asset protection and minimize their tax liabilities.<br />We understand the UAE, reside in the UAE, and are advocates for the country as a financial haven. We can help you move your assets to the UAE and make the most of its considerable benefits. Dubai is one of the best cities in the world in which to live and do business. Let us help you enjoy a tax-free life and build yourself a better, more profitable, and<a href="https://alexandererber.com/en"> faster-growing company.</a></p><p> </p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/countries-without-income-tax-4-countries-you-must-consider/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Comment ne pas payer d’impôt sur les sociétés: Créer une société à Dubaï</title> <link>https://alexandererber.com/fr/how-to-pay-no-corporation-tax-form-a-company-in-dubai/</link> <comments>https://alexandererber.com/fr/how-to-pay-no-corporation-tax-form-a-company-in-dubai/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 04 May 2022 11:55:12 +0000</pubDate> <category><![CDATA[ÉCONOMIE DES ÉMIRATS ARABES UNIS]]></category> <guid isPermaLink="false">https://alexandererber.com/fr/?p=3585</guid> <description><![CDATA[Do you look forward to paying your taxes? That’s a question that would make most of us laugh out loud. While we all know what taxes are for, we don’t enjoy paying them, and often, we don’t know or don’t agree with where our money is going. While taxes on some level are unavoidable, you […]]]></description> <content:encoded><![CDATA[<p>Do you look forward to paying your taxes? That’s a question that would make most of us laugh out loud. While we all know what taxes are for, we don’t enjoy paying them, and often, we don’t know or don’t agree with where our money is going.<br />While taxes on some level are unavoidable, you can take steps to minimize the amount of tax you pay. One of those things you can do is to form your company in a country with a more favorable tax system.<br />One of the best countries to form a company in is the UAE, and so there’s no better place to form a new company than in Dubai.</p><h3></h3><h3>Do you have to move to Dubai to form a company there?</h3><p>You don’t need to be a permanent resident, but you will likely need to spend some time in the UAE each year, and so most people choose Dubai, for reasons we will look at momentarily. The visa you choose will dictate how many days a year you can spend here.</p><p> </p><h3>Why Dubai & the UAE?</h3><h4>The Big Picture</h4><p>Dubai is famous for its ultra-modern buildings, thriving economy, and purposeful design. The city benefits from many green spaces and a higher quality of life than most other cities. Most people in Dubai speak English, so you won’t need to master Arabic just to get by.<br />Dubai is home to largely high-net-worth individuals, so you’ll be surrounded by wealth and people who conduct themselves (and business) in a certain way. You won’t see homeless people on the streets and crime rates are extremely low compared to other major cities.<br />The UAE’s rise to financial success has made it a big player on the international stage. As a country, its political system is stable without any extremist views that would make it an undesirable place for a foreigner to reside and trade.</p><p> </p><h4>Business-Friendly</h4><p>The government here is looking to welcome in more outside investment, and so they’re currently very welcoming to foreign businesses and business people looking to start a business in the UAE. They make it easy to set up, move, and live here. They allow 100% foreign ownership of many types of businesses here in over 13 sectors, including logistics, hospitality, manufacturing, and renewable energy. You can set up a new business in just days.</p><p> </p><h4>Easy to Become a Resident</h4><p>It’s easy to become a permanent resident in Dubai, with the average cost per person of between $10,000 – $14,000 (USD). It’s easy to set up a bank account (for both individuals and businesses).</p><p> </p><h4>Wealth-Friendly</h4><p>Because so many people living in Dubai have a high net worth, banks are used to dealing with large sums and will move money quickly and easily, even internationally. The businesses in Dubai are largely focused on making life easier for you and other wealthy clients.</p><p> </p><h4>Low Tax</h4><p>We’ll look at the specifics of taxes in the UAE momentarily, but one of the biggest draws to Dubai is the UAE’s reasonable tax rates. You are free to retain most (if not all) of the money you make in the UAE, and the government is focused on strengthening the economy more than taxing companies for doing so. You don’t pay personal tax on income from any source.</p><p> </p><h3>How much corporation tax do you pay in the UAE?</h3><p>Currently, none – the current corporation tax rate is 0%. That said, the rate is set to<a href="https://alexandererber.com/en/how-to-pay-no-corporation-tax-form-a-company-in-dubai/#"> rise to a reasonable 9%</a> for businesses with income exceeding 375,000 UAE dirhams (around $102,000 USD) on June 1, 2023. This move is to strengthen the economy and help the country move away from its reliance on its hydrocarbon revenue.</p><p> </p><h3>How much income tax do you pay in the UAE?</h3><p>If you spend more than 6 months of the year in the UAE, you’re considered a tax resident. The good news is, however, that the income tax rate in the UAE is 0%, and that isn’t going to change any time soon. The only income that is taxed is rental income, though this is minimal. There’s also council tax to pay (called property tax in the US).</p><p><img loading="lazy" decoding="async" class="alignnone size-medium" src="https://alexandererber.com/en/wp-content/uploads/2022/04/business-gf9b764715_1920.jpg" alt="How to Pay No Corporation Tax: Form a Company in Dubai" width="1920" height="1152" /></p><h3>So I won’t need to pay any tax for my business in Dubai?</h3><p>No – at least, you won’t until June 1, 2023. However, there are some circumstances where there will be a tax to pay – just not a corporation tax. Here are the other circumstances where a business may be taxed in the UAE:</p><ul><li>All foreign banks are subject to a 20% corporation tax</li><li>All oil businesses are subject to 20% corporation tax</li><li>VAT – Dubai has a 5% VAT (like sales tax in the US)</li><li>Import duties on products that are frowned upon in Islam (such as tobacco, alcohol, and arms)</li></ul><p>Note that <strong>working with a tax advisor in Dubai will help you to minimize any VAT you need to pay.</strong></p><p> </p><h3>What are the legal structures for businesses in the UAE?</h3><ul><li><strong>Sole proprietorship</strong> – This is the same as it is in most other countries in the world; a company owned by one person. You can create a sole proprietorship in the UAE no matter what nationality you are, but there are some restrictions around what type of business you have if you aren’t a UAE or GCC national.</li><li><strong>Civil company</strong> – Accountants, doctors, and lawyers can form a civil company, but 51% or more shares in the company must be owned by a UAE national.</li><li><strong>LLC (Limited Liability Company)</strong> – An LLC in the UAE works much the same way as it does in the US, but there must be at least 2 shareholders, with 51% of the company owned by a UAE national.</li><li><strong>Foreign Company Branch</strong> – If your parent company is in another country, you can open a branch in the UAE, without any ownership needed by a UAE national. You must import goods through a local company.</li><li><strong>Free Zone Company</strong> – These businesses need 2-5 stakeholders and do not need a designated location within the UAE. There are 45 free zones in the UAE, with several in Dubai. Once you have a Free Zone company, you can apply for a 3-year residence visa which will allow you to come and go as you please.</li><li><strong>Free Zone Freelancer –</strong> If you want to work in Dubai but do not have 2-5 stakeholders with you, you can apply as a Freelancer within one of the free zones.</li></ul><h3>How to Set Up a Business in Dubai</h3><p>You can set up any kind of business outlined above, provided you have the right partners and circumstances, but most people looking to take advantage of Dubai’s tax system will choose to set up a free zone company. For that reason, we’ll focus on the steps for how to set up a business as a foreigner in Dubai within a free zone.</p><p> </p><h4>Step 1: Choose Your Business Activity</h4><p>This step is straightforward – you simply need to define which of the following categories your business’s activity will (or does) fall into:</p><ul><li>Commercial</li><li>Agricultural</li><li>Professional</li><li>Craftsmanship</li><li>Industrial</li><li>Tourism</li></ul><h4>Step 2: Choose a Free Zone</h4><p>Your next step is to choose a free zone. There are over 20 free zones in Dubai alone, so it’s up to you to choose a free zone that best suits your business and lifestyle. You can<a href="https://alexandererber.com/en/how-to-pay-no-corporation-tax-form-a-company-in-dubai/#"> find a list of the possible free zones and a bit about them here</a>, but you can also <a href="https://alexandererber.com/en/contact/">reach out to me</a> and I’d be happy to advise you.</p><p> </p><h4>Step 3: Choose Your Company Name</h4><p>The only restrictions here are you cannot name your company with any political or religious references, and if your company is named after someone, they must be a current partner or shareholder in the company, and it cannot use their initials.</p><p> </p><h4>Step 4: Apply for Your Business License</h4><p>With the major decisions taken care of, you can make your application. Each type of license has its own requirements, so it’s well worth working with a consultant to guide you on each step of the application process. If you need guidance,<a href="https://alexandererber.com/en/contact/"> please don’t hesitate to reach out.</a></p><p>Most applications require the following documents:</p><ul><li>Color copies of passports of all shareholders</li><li>Visa information of shareholders (see step 5)</li><li>A business plan</li><li>Application form</li><li>Board resolution</li><li>Articles of association</li><li>A memorandum</li></ul><h3>Step 5: Apply for Your Visa</h3><p>You should start your visa application at the same time you put in your business application. This is a straightforward process that looks something like this:</p><ul><li>Get an entry permit</li><li>Apply for an adjustment of status as a resident of Dubai</li><li>Undergo a medical check</li><li>Register an Emirates ID</li><li>Get your visa</li></ul><h3>Step 6: Open a Business Bank Account</h3><p>Opening bank accounts in Dubai is easy, but there are a few more steps to open a corporate account than a personal account. Most banks have eligibility requirements and will ask for the following documentation when you apply:</p><ul><li>Proof of business license</li><li>Business incorporation documents</li><li>Copies of share certificates</li><li>A resolution from the company’s board about opening the account</li><li>Copies of passports of partners</li><li>Copy of the articles of association</li><li>Copy of the memorandum</li></ul><h3>Step 7: Enjoy Your New (Largely Tax-Free) Dubai Lifestyle</h3><p>Once you’ve got your business, your visa, and your bank accounts, you’re ready to start enjoying life and business out here in Dubai.</p><h4>Time to make a move?</h4><p>If you’re ready to start life as an entrepreneur or want to move your business activities to a country where you’ll lose less of your hard-earned profits in taxes, you’ll be hard-pressed to find a better city than Dubai.<br />Making a move as big as this one can be stressful, so get a consultant on your side to guide and support you through the process so you can launch your business quickly and start reaping the rewards of Dubai’s lower tax rates.<br />I’m here to help you set up a Free Zone company in Dubai with minimal stress. To discuss your needs further or to get the ball rolling,<a href="https://alexandererber.com/en/contact/"> click here to contact me now.</a></p>]]></content:encoded> <wfw:commentRss>https://alexandererber.com/fr/how-to-pay-no-corporation-tax-form-a-company-in-dubai/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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