Most people only know the Middle East as aglobal leader in the oil sector. While this has been the case for many years now, the region seems to be reducing its dependence on the sector. That explains why the seem to be diversifying their economies by welcoming foreign company registration in the service sectors offering them with incentives that vary from country to country.
If you deem Middle East investing decisions worthwhile, then there is no other better time to do so. Actually, numerous benefits accompany this bold decision. After all, Middle East and its geographical position is a good way to serve Europe, Africa, and Asian markets at the same time. Dubai is the ideal example of tax-exempt headquarters for the Middle East and Africa (MEA).
If you know one or two things regarding this region, then you might already know that Saudi Arabia remains the largest Arab market and is one of the world’s main trading nations in terms of goods and services.
It is worth mentioning that Saudi Arabia still depends on imports for most of its manufactured items and many of its food industry. Consequently, local residents are hungry for international products & services and are willing to spend on quality.
If this is not enough,setting up a company in Dubai is a remarkable way to book global profits while legally minimizing taxes. And this is easy to see considering there are no corporate tax, personal income tax, withholding taxes, VAT and no capital gains tax. Exceptions apply to petrochemical companies, oil and gas companies and branches of foreign banks.
Keep in mind the Middle East has several countries with no corporate taxes such as Kuwait, UAE, or Bahrain. But income generated from these entities may be subject to personal income tax.
Rounding Up
The above are merely some of the reasons why you should make up your mind to invest in the Middle East. Of course, there is more to investing in the Middle East than what is mentioned in this simple guide. It simply narrows to doing a bit of research before making Middle East investing decisions.