BestaxCA Extends Dubai Business Setup Services to Canada

24 Oct, 2023

BestaxCA Extends Dubai Business Setup Services to Canada

Bestax Chartered Accountants, a leading provider of business setup services in Dubai, has announced a significant expansion by opening a new office in Mississauga, Canada. This move is aimed at facilitating Canadian entrepreneurs in exploring the dynamic markets of the United Arab Emirates (UAE).

Dubai, located in the UAE, is an ideal destination for Canadian entrepreneurs seeking a business-friendly environment. It offers a multitude of advantages that appeal to investors and entrepreneurs, including a supportive ecosystem, business-friendly regulations, a tax system favoring UAE businesses, and more. While there are essential considerations for Canadians looking to establish their businesses in Dubai, the overall process is straightforward with the right approach.

Bestax Chartered Accountants, an established and renowned company formation consultant with a base in the UAE, provides a comprehensive range of services for business establishment and operation in Dubai. Their services include company formation, visa services, banking assistance, and more.

Haseeb Hamdani, Manager of BestaxCA, highlighted the importance of their business setup services for Canadian entrepreneurs, stating, "With our business setup services in Dubai, Canadian entrepreneurs aiming to venture into the dynamic markets of the United Arab Emirates can receive complete assistance."

Dubai is an attractive destination for Canadians, offering a wealth of opportunities due to its robust infrastructure and a flourishing economy. Its strategic location connects it to various regions worldwide, positioning it as a hub for international trade.

The business environment in Dubai is characterized by simplified registration procedures, minimal administrative burden, and specialized free zones with 100% foreign ownership. These factors make Dubai a business-friendly city where company owners and entrepreneurs can thrive. Canadians can establish businesses with ease, thanks to simplified processes, tax exemptions, access to free trade zones, reduced import tariffs, and convenient access to international markets.

One of the notable benefits for businesses in Dubai is the absence of personal income tax, along with low corporate tax rates that encourage business growth and investment. The corporate tax rate is merely 9%, and many companies are exempt from it. Additionally, UAE offers small business relief for companies with an annual revenue of less than 3 million AED, granting them corporate tax exemptions.

Another advantage for entrepreneurs is the opportunity to obtain UAE residency through the registration of a Dubai business. UAE residency opens doors to a UAE bank account, visa-free travel to multiple countries, access to government services, and the option to sponsor family members.

Dubai is celebrated for its supportive business environment, characterized by minimal bureaucracy and streamlined business formation processes. The government has established various programs to assist small and medium-sized businesses, including access to funds and resources, making it an ideal destination for startups and entrepreneurs looking to establish a presence in the region. This move by Bestax Chartered Accountants further enhances the opportunities available to Canadian entrepreneurs seeking to tap into the potential of the UAE market.