A trade license is a must when it comes to conducting businesses in the UAE. The UAE economic department issues the licenses and the procedures of license issuance varies from one emirate to another. The three major types of licenses in the UAE are commercial, industrial and professional.
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100 % ownership on UAE Mainland
The UAE government has come up with a landmark decision with respect to the ownership of companies on mainland. Till date, if partnership with a local UAE sponsor is what stopped you from setting your business on UAE mainland, then you do not have to bother about it anymore.
Are you eligible for UAE golden Card?
The UAE government has recently announced a long-term residency scheme termed ‘golden visa’ for expats, that gives them the opportunity to prolong their stay in the country. An attractive business environment with exceptional talents is what is expected out of the initiative.
Business Liquidation in UAE Mainland
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.
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.