One might come across plenty of articles on starting a business in UAE, but not many on closing one. There are certain formalities that need to be taken care of once you plan to close your company.
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Golden Card: Permanent Residency for UAE Expats
The ‘Golden Card’ is one of the most searched terms on google, ever since the UAE government announced the scheme. The permanent residency scheme is something interesting that has garnered attention of people from across the globe.
UAE residence visa: Everything you need to know
Expats require a residence visa to live in the UAE and it is usually sponsored by the company employing the expat. Expatriate employees are issued residence visa for one year or two years based on their labor contract
UAE & KSA Double taxation Avoidance Agreement Comes into Effect
Nearly a year after signing the double taxation avoidance agreement between UAE and KSA, it has come into effect now. The agreement marks the first of its kind between two GCC countries and it is expected to be beneficial to individuals and corporates of both the nations.
A guide on Double Taxation Avoidance (DTAA) and Tax residency certificate in UAE
Businesses of today are not restricted to a single location, they are spread across the world and carry out activities on a global platform. There has been a boom in cross-culture business activities off late, which results in diverse benefits and enhances the trade relations between nations.
The Flourishing Economy of UAE
UAE is one of the fastest growing economies in the world and the second largest in the Arab world. GDP of UAE economy which stood at $382.58 Billion in 2017 is projected to trend around $425.00 Billion by the year 2020. The economy of UAE has grown by nearly 231 times, since its independence in 1971.
DIFC Achieves Record Growth
DIFC is a financial hub for the Middle East, Africa and South Asia markets that has witnessed exponential growth in the previous year. With 437 new company registrations and a net profit of $88 million, 2018 was DIFC’s year.
Free zones in UAE
The UAE has been excelling economically over the last few decades and the lion’s share of the credit goes to free zones! Free zones are the strongest pillars of UAE’s economy, that generate billions of jobs and helps in boosting foreign investment. They help spur economic diversification and contribute significantly to the non-oil sector.
Free License and Visa Upon Buying a House in Dubai
Emaar, a property developer, has decided to partner with Dubai Multi Commodities Centre to launch around 200 units in an under-construction building in Dubai Hills Estate. The best part about the partnership is the offer that comes along with buying a house here. This is the first time Dubai or any other city has announced an offer like this and it is undoubtedly captivating.
Offshore Company Formation in UAE
UAE is one among the top 10 countries in the world that holds the highest offshore wealth. Going offshore is one of the best methods to start or expand your business, as it comes with numerous perks. The tax and custom-free benefits coupled with complete anonymity has helped elevate offshore zones’ status as the most preferred type of company formation