September 19, 2024

Field report: How Andreas Schmidt's company changed my life

SetupCO Consultancy L.L.C
Reading time 7 minutes

My name is Michael Berger, and I have been a client of Andreas Schmidt, a successful entrepreneur who founded his company in one of Dubai's free zones, for several years. When I first heard about Andreas and got the opportunity to work with him, I never thought it would have such a positive impact on my life - both professionally and personally. Today, after a few years of working together, I would like to share my experience of how this partnership and the tax benefits of Dubai have taken my business to the next level.

The first contact: The decision to work with Andreas Schmidt in Dubai

As the managing director of a medium-sized company in Europe, I was looking for ways to optimize my business processes, particularly with regard to taxes and efficiency. A colleague introduced me to Andreas Schmidt, who has been running a successful company in Dubai for several years. What immediately appealed to me were the tax advantages that Dubai offers as a location, as well as Andreas' expertise and experience in setting up free zone companies.

I was initially skeptical about how Dubai could solve my business challenges. But Andreas explained to me how his company benefits from 100 % of foreign ownership, tax advantages and a streamlined bureaucracy thanks to being incorporated in a free trade zone. The prospect of saving taxes while having access to a global market was exactly what I was looking for.

Working with Andreas: professional and goal-oriented

The first phase of our collaboration was extremely professional. Andreas and his team guided me step by step through the entire process - from the idea of moving parts of my business to Dubai to the practical implementation. I was particularly impressed by the efficiency and speed with which everything was carried out. What often takes months in Europe was completed within a few weeks in Dubai.

Andreas not only has in-depth knowledge of the legal and tax framework in Dubai, but also a great network that he makes available to his clients. He showed me how my company could not only benefit from a tax perspective by setting up a subsidiary in the free zone, but also grow internationally. Through his expertise and experience in setting up and running companies in Dubai, I was able to adapt my business model so that it was perfectly aligned with the advantages of the location.

The tax advantages: A real game changer

Probably the biggest advantage of working with Andreas and relocating my company to Dubai was the opportunity to save on taxes. In Europe, I was used to paying a large proportion of my profits to the state. In Dubai, however, these taxes are largely eliminated, especially in the free zones. Since I have been conducting part of my business through Dubai, I have been able to reinvest a significant portion of my profits and expand the company into new markets.

The tax-free environment has allowed me to focus more on growth and the development of new projects. This freedom from being restricted by a high tax burden has put my company in a position where we have been able to grow faster and achieve higher margins. Andreas showed me exactly how to maximize these benefits without violating the legal framework.

International growth: tapping into new markets

Another aspect that had a positive impact on my company through working with Andreas Schmidt and his company in Dubai was the opportunity for international expansion. Due to Dubai's strategic location, I was able to explore new business opportunities throughout the MENA region as well as Asia and Africa. Dubai acts as a hub for international trade and Andreas helped me to position my company accordingly.

Today, I operate in markets that were previously closed to me and have access to a large number of business partners and networks. Andreas' company has not only simplified my processes, but also laid the foundation for my growth on a global level. In many of these markets, the presence in Dubai was the decisive factor in gaining a successful foothold.

Personal benefits: More time and quality of life

In addition to the business benefits, working with Andreas has also had a positive impact on my personal life. In previous years, I was often stressed by the constant bureaucracy, tax burden and administrative workload in Europe. Thanks to Andreas' support, I was not only able to make my company more efficient, but also improve my personal work-life balance.

Dubai offers a high quality of life, and the tax relief and streamlined bureaucratic processes have allowed me to have more time for myself and my family. Andreas' expertise helped me to minimize the administrative burden so that I could focus on the essentials: growing my business and improving my quality of life.

A rewarding partnership

The decision to work with Andreas Schmidt and set up a company in the Dubai Free Zone was one of the best business decisions I have ever made. The tax benefits, fast processes and international reach have transformed my business. Andreas and his team have always supported me professionally and helped me make the most of Dubai's opportunities.

I can only recommend any entrepreneur looking for tax advantages and international business opportunities to consider working with Andreas Schmidt. Dubai offers an exceptional environment for entrepreneurial success and Andreas is the perfect partner to take you down that path. My life - both business and personal - has changed for the better as a result of this decision.

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Doing business in Dubai: A comprehensive look at business life in the metropolis

In recent decades, Dubai has developed from a small desert town into one of the most important international business centers. As part of the United Arab Emirates (UAE), the city has a unique position that enables companies from all over the world to do business here successfully. The combination of its strategic location, business-friendly laws and attractive tax incentives makes Dubai a magnet for investors and entrepreneurs.

In this article, we take a detailed look at the key aspects that make doing business in Dubai so attractive and how companies can take advantage of the opportunities in the city.

1. The strategic location of Dubai

Dubai is located at one of the most important hubs of global trade. The city is only a few hours' flight away from Europe, Asia and Africa and offers companies direct access to billions of potential customers. The excellent transportation options - be it through the state-of-the-art airports or the port of Jebel Ali, one of the largest container ports in the world - make Dubai an ideal location for logistics companies and international trading firms.

Companies based in Dubai can easily export or import their goods and services to all parts of the world. With free trade agreements with many countries and fast and efficient access to international markets, the city is a global trade hotspot.

2. Corporate forms in Dubai: flexibility and growth

Dubai offers a variety of business structures tailored to the different needs of entrepreneurs. The three most common options are:

  • Mainland Company (onshore company): This form of company enables companies to operate on the domestic market in Dubai and the UAE. A local sponsor is required to hold 51 % of the shares. This structure is ideal for companies that want to work directly with the local market or government.
  • Freezone Company (free zone company): Companies in one of Dubai's many free zones benefit from 100 % of foreign ownership and attractive tax benefits. These companies can operate in the free zones and trade internationally without any problems, but direct business on the local market is only possible via a distribution partner.
  • Offshore companies: This structure is suitable for companies that want to do international business but do not need physical offices in the UAE. Offshore companies offer tax advantages and a high degree of flexibility in asset management.

Choosing the right business structure depends on the goals and scope of the business. Thanks to Dubai's business-friendly government, the process of setting up a business is smooth and efficient, making the city particularly attractive for start-ups.

3. Tax advantages: A paradise for companies

One of the biggest incentives for setting up a business in Dubai is the tax benefits. Unlike many other countries, Dubai does not levy income tax on individual income or corporate tax for companies operating in certain sectors. This is especially true for companies based in the free zones.

  • No income tax: There is no income tax for private individuals in Dubai, which makes it an attractive place to live and work for highly qualified professionals and entrepreneurs.
  • No corporation tax: Companies in the free trade zones do not pay corporation tax. This allows companies to fully reinvest their profits or distribute them to their shareholders.
  • No capital gains tax: Companies and individuals can enjoy capital gains without additional taxation, making the city an important place for investors.

These tax benefits make Dubai one of the most tax-efficient locations in the world for companies. The tax advantage combined with global access to markets makes Dubai an ideal location for companies looking to expand internationally.

4. Outstanding infrastructure and technological innovation

The Dubai government is continuously investing in the expansion and improvement of infrastructure to ensure that companies have the best conditions for growth and expansion. The city offers modern office complexes, first-class transport connections and advanced digital networks.

Dubai has also introduced strong smart city and innovation initiatives to make the city a pioneer in technology. Areas such as Artificial Intelligence, Blockchain and the Internet of Things (IoT) are being strongly promoted. Companies operating in these pioneering sectors will find Dubai the perfect environment to develop and implement their ideas.

5. Multicultural and international environment

Dubai is one of the most multicultural cities in the world. People from over 200 nations live and work here, making the city a true melting pot of cultures. This diversity is not only enriching for life in the city, but also for companies that have access to a global talent pool.

The international nature of the city enables companies to recruit employees from all over the world, which strengthens the competitiveness and innovative power of companies. Many international companies have already opened their offices in Dubai, making the city a central meeting point for entrepreneurs from all over the world.

6. Quality of life and safety

In addition to its business advantages, Dubai also offers an excellent quality of life. The city is known for its luxurious lifestyle, safe environment and modern amenities. Entrepreneurs and their families can access world-class educational facilities, first-class healthcare and a variety of leisure options in Dubai.

Security is another important factor. Dubai is known for its low crime rate, which makes it a safe place for investors and their families. Thanks to its stable political situation and strong government, Dubai remains a safe and reliable location for businesses.

Dubai is the ideal choice for international companies

Doing business in Dubai offers tremendous advantages to entrepreneurs and companies. With its strategic location, tax incentives and state-of-the-art infrastructure, the city provides the perfect foundation for success. Whether you are launching a start-up or expanding an established business internationally, Dubai offers the framework to achieve your goals.

The decision to set up a business in Dubai can be the key to international business opportunities and long-term success. With the right planning, a clear strategy and taking advantage of the location, companies in Dubai can thrive in one of the world's most dynamic markets.

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