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Tuesday, May 28, 2024

Ortac International Accounting Launches New Office in Dubai to Aid British Company Relocations

The United Arab Emirates has seen a dramatic increase in interest from British investors, evidenced by a 420% rise in Britons relocating to the region over the past five years. In response, Ortac International Accounting has opened a new office in Dubai to facilitate company establishment services for these international interests.

Ortac International Accounting has inaugurated a new office in Dubai to better assist citizens from various countries, including Britain, with their company establishment needs. The popularity of the UAE, particularly Dubai, has soared among British citizens, as highlighted by a significant 45% increase in relocations in 2023 alone.

Murat Ortac, Founding Partner of Ortac International Accounting, commented on the strategic advantages of Dubai, stating that the city’s “flexible procedures and favorable tax advantages” are major draws for entrepreneurs and professionals.

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.

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