The United Arab Emirates, a leading destination for global investors, has particularly resonated with the British business community. Ortac International Accounting has now opened a new office in Dubai in response to the 420% increase in British relocations over the last five years.
Ortac International Accounting’s latest office in Dubai aims to support the substantial growth of British citizens relocating to the UAE, with 2023 seeing a 45% increase. This new facility will provide specialized services in company establishment for UK nationals and other international clients.
Murat Ortac, Founding Partner, highlighted the advantages Dubai offers, noting the city’s “flexible procedures and favorable tax advantages” as key to attracting foreign investment and professional talent.
With over 240 thousand British expatriates residing in Dubai and approximately 5 thousand British companies operating in the UAE, Dubai stands as an increasingly important destination for international business ventures.
Ortac International Accounting offers efficient and seamless company establishment services in Dubai, leveraging its expertise and strategic partnerships. As the authorized professional partner of IFZA, Dubai’s premier free zone, Ortac ensures swift completion of company establishment procedures and banking formalities within just 7 working days, along with the provision of a two-year investor visa.
“The corporate tax rate and the tax system in general are important for business people who plan to establish a company in foreign markets. With its 9% rate, the UAE is almost at the top among the countries with the lowest corporate tax in the world. With the law enacted at the beginning of 2024, it became mandatory to work with an accounting company. With our 27 years of experience in accounting, we are now serving in Dubai,” Murat Ortac said.
Dubai’s competitive edge is its low tax rate and enviable expat lifestyle
Dubai’s status as a global trade hub is underscored by its investor-friendly policies, including tax exemptions and a zero percent personal income tax. Its removal from the grey list in February 2024 further bolsters its appeal, enhancing operational ease for foreign entities and facilitating global business expansion. Dubai serves as a pivotal gateway connecting East and West, offering entrepreneurs access to investment opportunities in Asia as well.
Positioned as a nexus between continents, Dubai boasts world-class infrastructure and connectivity, facilitating seamless access to international markets. Its strategic location and advanced logistics infrastructure make it particularly attractive to companies operating in Consulting, IT, technology, software, blockchain, trade, logistics, and finance sectors.
Ortac International Accounting helps clients navigate complexity
Murat Ortac comments, “We recommend those who want to establish a company in Dubai to work with an expert business partner like Ortac International Accounting instead of surfing general information on the internet. Choosing an expert partner will save clients both time and cost.”
Navigating the complexities of international trade laws demands specialized expertise. Ortac International Accounting, with its comprehensive knowledge and experience spanning over 27 years, ensures efficient business expansion and compliance with local regulations. Collaborating with local stakeholders and authorities, Ortac minimizes bureaucratic hurdles, enabling swift realization of expansion goals.
