The recent announcement by the Government of UAE will prove to change and revolutionize the future of business. The UAE government has allowed for 100% foreign ownership of businesses located in the mainland under certain conditions. According to the Amendment in CCL of 100% foreign ownership that came into effect from June 1st, 2021, the UAE Ministry...
The emirate of Dubai is known for its vibrant and luxurious economy. In 2016, over 127,000 businesses were established in Dubai, gaining the top spot compared to all other emirates in the UAE. Investors flock to Dubai to create a name for themselves and join the game – as many knew that success is inevitable...
Starting a company in the United Arab Emirates (UAE) is often mistaken to be lavish or pricey. The country’s economic development has created a false notion that a large capital is needed to start a company in the UAE, when, in fact, packages available are flexible and simple in nature to fit the needs of each...
Real estate is a highly developed sector not just in Dubai but all over the UAE, resulting in attracting developers, construction firms, investors, and brokers in the country. Dubai real estate, for one, has contributed 13.6 percent or AED 223B worth of investments in the country’s 2018 gross domestic product (GDP). It is a self-sustaining...
In the UAE, it is a prerequisite for businesses in the mainland jurisdiction that the majority of shares (or 51% of the total shares) are owned by UAE or GCC Nationals (Nationalities of member countries of Gulf Cooperation Councils). Among the offered Trade licenses in Dubai is called the E-license, which aimed to ease up license acquisition...
Choosing the right business setup destination not only gives the entrepreneur a strong foundation for his/her venture but also allows them to leverage from several benefits, incentives and privileges the jurisdiction offers. Here is why company formation in mainland Dubai is a sound option among investors today. 1.Trading Within UAE Market Since mainland Dubai is administered by...
The United Arab Emirates offers great prospects for foreign investors, boasting minimal taxation, an organized property market, growing GDP, political stability and specialized jurisdictions protected by the legislation. UAE’s exemplary economic prosperity has been a springboard for the business setup industry, helping achieve record high FDI each year. While many corporations seek international market access...
UAE has introduced a game-changing ownership law scheduled for full effect by the fourth quarter of this year. The bill, known as the 100% Ownership law will now allow foreign investors in specific mainland destinations the entitlement of 100% LLC ownership without surrendering majority (51%) shares with a UAE or GCC National – a privilege...
The UAE has experienced an unprecedented transformation into a modern state. From a local trading community, the UAE has reformed into a world-class destination with an open economy with one of the world’s highest per capita incomes. While UAE’s fiscal forecast of 2018 is inviting businesses to invest, a mix of certain myths is also...
Business license renewal is an annual process every UAE company must complete in time to ensure that the business runs smoothly with a clean record. The renewal process involves submission of legal documents and payment of an annual fee to the Department of Economic Development (in case of Dubai mainland LLC (Limited Liability company) firms)...
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