Frequently Asked Questions
Please, let us help you with some of the most common enquiries
01 What is BOREALIS LLC?
At Borealis LLC., we are a global commercial and financial representation firm that builds onto decades of international experience and exposure to various economic sectors. We pride ourselves in our ability to bring customized solutions to corporations and individual investors matching their needs and ambitions to the best available market alternatives.
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Headquartered in Dubai, with offices in Latin America, we bring our clients closer to solutions that would not otherwise be immediately available within their regional reach.
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02 Why BOREALIS LLC?
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While our team is our biggest asset, our most valuable tool is the global reach and access to a network of commercial and financial contacts of relevance to our clients. We connect the dots between supply and demand and tailor deals for the best possible outcome.
03 What advantages brings BOREALIS LLC. location?
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Dubai has transformed itself into a global trading hub and ultimate investment destination in many sectors of economy such as trading, import, export, logistics, tourism, hospitality, event management, financial services, construction and so on. There are many reasons why many entrepreneurs prefer or wish to do business in Dubai.
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Being located strategically between Europe, Asia and Africa, Dubai is an ideal place for doing many business activities including international trading, import, export, logistics, tourism, hospitality, event management and so on. Dubai is located in the middle of the U.A.E. and has one of the largest airports in the world, through which Dubai facilitates transportation of goods between the East and the West. Thus, Dubai has an access to 2.5 billion consumer markets situated in the Gulf, Africa, Asia, CIS countries and Europe.
Dubai is home for renowned multinational companies. Many globally renowned multinational companies including Microsoft, LG Electronics, HP, Oracle, Nokia, Sony, Boeing, HSBC, Royal Bank of Scotland, Shell, Emirates Airlines, Proctor & Gamble, Adidas and BBC World have their regional offices in Dubai.
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04 Is Dubai a Tax Free location?
​Until July 2023, it was, but let us explain to you what the Tax Regime consists of. The UAE economy is generally considered the most liberal and diversified in the region. Dubai APPLIED a no-tax policy for almost all types of business activities, with the exception of branches of international banks, hotels and major oil and gas companies.​
Dubai currently allows 100% repatriation of capital and profits. Dubai has no restrictions on the repatriation of capital and profits, yet many companies prefer to keep their money in the UAE due to its limited taxation policy. Furthermore, there is no foreign exchange control and there is a stable exchange rate between the US dollar and the UAE dirham (1.00 USD = 3.678 AED).​
In general, it can be said that the owners of companies in free zones can breathe a sigh of relief with the tax reform since the great tax scheme is established for companies "in land" or within national limits and for residents of the country.​Companies in free zones will now have to pay a 9% tax after deducting costs and salaries, and after having an exempt amount of about AED 375,000 (approximately USD 100,000).
However, there will be unlimited tax exemptions for companies that operate within a "qualified free zone." What does this mean? Companies where employees actually work in the Emirates. For these companies, changes are planned that will even make it easier to open bank accounts for their companies and although they may continue without paying taxes, they must compulsorily keep and present the accounting of their companies.​
For our part, whether our business partners wish to open a branch of their company in a free zone or just make sales to Emirati companies established there, we are ready to be their representatives on site, facilitating the introduction of their products or services to the Middle East market.
05 Tell me more about Dubai Free Zones
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Free Zone is a designated tax-free area, where foreigners can set up and do business in Dubai. All Free Zones vary from one to another and offer licenses in various sectors. For example, there is a Free Zone for healthcare providers (Dubai Healthcare City or DHCC); there is a Free Zone for educational and training institutions (Dubai Knowledge Village); there is a Free Zone for media companies (Dubai Media City), there is a Free Zone for financial institutions and services providers (Dubai International Financial Center or DIFC) and many others. There are more than 20 Free Zones currently operating in Dubai itself.
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Sea ports and/or air ports are available for importing, exporting and re-exporting purposes. Dubai has one of the largest seaport (Jabal Ali Port) and the largest airport (Dubai International Airport) in the region. You do not feel any hassle in terms international freight – it is easily possible to bring goods to Dubai from any part of the world and likewise it is accessible to send goods from Dubai to any part of the world through sea, land and air.
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