Planning to Start a Business in Dubai? Use These Tips for an Effective Strategy
Dubai is currently attracting foreign investors and entrepreneurs with a range of enticing economic benefits, including 100% foreign ownership, long-term residence visas, a strategic location, ease of doing business, and modern infrastructure. Nevertheless, before embarking on a new business venture in Dubai, it’s imperative to have a well-defined strategy in place. Navigating the intricacies of […]
The UAE’s New Advanced Visa System Effective From October 3
The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has announced that the new Advanced Visa System will come into effect on the 3rd of October, 2022. The Advanced Visa System is a significant restructuring of the country’s current immigration policy and aims to boost the number of residents from 3.5 million to […]
Dubai investor visa enquiries skyrocket in light of new visa reforms
As Dubai continues to loosen the reigns on the requirements to secure an investor visa, inquiries by Dubai residents interested in buying property have almost tripled. With constant reforms being announced with respect to the 3-year and 5-year investor visas, The UAE is on track to making the nation feel like home to the large […]
Setting up a company in Dubai
Dubai has always been the preferred gateway to establish and grow businesses in the GCC and neighboring countries. But now with recent revisions to the rules and laws, the UAE has further opened up the economy to entice more foreign investment and it has become even easier to incorporate a business and get the ball […]
Boost For Economy As UAE Announces Foreign Ownership Law Reforms
From 1 December 2020, the UAE government will allow 100% foreign national ownership of businesses. The presidential decree amends Law No. 2 of 2015 on companies and their shareholding. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the amendments on 23 November 2020, […]
FAQ’s on Power of Attorney
None of us anticipates losing mental capacity. However, with life expectancy in the UAE now around 77 years of age, cases of diseases such as dementia are expected to rise by 2030. Loss of capacity can also affect young people who have suffered an accident or illness, which results in serious brain damage. Therefore, whatever […]
Why incorporate a company in Dubai?
Dubai, the populous and most multicultural Emirate of the United Arab Emirates has emerged over the years as a financial powerhouse and entrepreneurial hub. It has achieved this vaunted status by evolving a sophisticated and efficient corporate governance model which has made it incredibly easy to incorporate companies and conduct business. The Department of Economic […]
UAE VAT Laws
The Federal Government of the UAE will introduce Value Added Tax (VAT) Law (“the Law”) with effect from 1 January 2018. VAT is a form of indirect tax and applies to the majority of transactions. A levy is imposed on all taxable supplies (including deemed supply) as well as imported goods meaning they shall be […]
Successful Succession Planning
When successful business owners reach a certain age, it becomes imperative that they address the issue of succession planning. When owners do finally approach their lawyers or accountants for advice it becomes apparent that the business owner has given little thought to his business and does not actually know what they want. The Process The […]
To the long life of your business – Nita Maru
On the business front, if you do not have a proper business succession plan or estate planning in place, you simply cannot be sure what will happen after your death: whether your family will be provided for, who will look after your business, and when and how your beneficiaries will stand to benefit from the […]