Hong Kong, China (PressExposure) July 02, 2009 -- Dubai is quickly emerging as a world business hub, with the country leading many areas of the world in several industries. Zetland Fiduciary Group recently opened an office in the Emirate, and the business consultancy service is now in an optimal position to advise on new investor friendly regulations in Dubai.
The new regulations include discontinuing the use of 'smart chip' in administering: â¢ Trade licenses â¢ Banking collaterals â¢ Advertisement permits â¢ Bank deposit certificates and for bank account opening
The objective is to reduce the paperwork burden on prospective investors, according to Mr. Rajshekar, who handles Zetland's Dubai office, "Dubai already has so many excellent characteristics for offshore investment businesses", said Mr. Rajshekar. "There is no taxation, many imports are tax free, and there are no exchange of information programs between Dubai and other nations".
Dubai's other benefits for International Business Companies (IBCs) include: â¢ The ability to own assets privately via the company structure â¢ Corporate and private bank account opening in Dubai â¢ Import duties averaging 14% on most goods.
"This is in addition to having no tax and excellent privacy. The only drawback that we see is an annual fee of around USD$2500 payable to the Dubai government", said Mr. Rajshekar.
Dubai was also recently identified by Zetland Fiduciary Services as a 'bargain basement' city for rents, with rents in some areas dropping from AED200,000 to AED80,000.
About Zetland Corporate Services: The Zetland Financial Group - http://www.zetland.biz - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.
For more information please contact:
Jason Weatherhead Zetland Fiduciary Group Email: jason ( @ ) zetland dot biz Website: http://www.zetland.biz