Business can now be 100% foreign-owned in the UAE mainland. But not for all.

Earlier this year, in May 2018, his Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Dubai ruler, announced the introduction of a new law that will allow foreign investors to get up to 100% ownership of the mainland companies without the obligation to have a local sponsor … Continue reading Business can now be 100% foreign-owned in the UAE mainland. But not for all.

UAE 11th out of 190 countries in the ease of doing business

There is one more big success for the UAE to celebrate this year. The UAE ranked 11th out of 190 countries in the World Bank’s annual report on the ease of doing business. The adoption of a dynamic and active reform agenda allowed the country to climb 10 spots compared to the previous year. The … Continue reading UAE 11th out of 190 countries in the ease of doing business

The real costs to open a company in Dubai or in the UAE

If in other countries the taxes almost choke their own residents and discourage the opening of new companies, in the UAE things are really different. Zero corporate taxes, zero income taxes, full repatriation of capital and profits and, in the UAE free zones, there is also exemption from import and export taxes. Recently, it has … Continue reading The real costs to open a company in Dubai or in the UAE

Take advantage of Ramadan offers to open a company in the UAE

Are you planning to setup a company in Dubai or in another Emirate and to benefit of all the advantages of an essentially tax free environment? Take advantage of the month of Ramadan to open a company in an UAE free zone, where you can benefit of the full company ownership, full exemption from corporate … Continue reading Take advantage of Ramadan offers to open a company in the UAE

Why opening an offshore company in the UAE is convenient

Thinking of setting up a business in the UAE and keep it confidential? Then opening an offshore company is what you are looking for. The offshore company is an organization that is incorporated in a jurisdiction that is different from the one where it carries out its activities. It has to be formed by at … Continue reading Why opening an offshore company in the UAE is convenient

These 20 UAE free zones are the only ones exempt from the VAT

There are many good reasons why opening a business in an UAE free zone is more convenient than in the mainland. Enjoying the full company ownership, complete corporate and personal income tax exemption, full repatriation of capital and profits and zero taxes on import and export, are some of the specific benefits of the free … Continue reading These 20 UAE free zones are the only ones exempt from the VAT

Unicredit opens a branch in Abu Dhabi

The Italian bank Unicredit has recently opened a new corporate and investment banking branch in Abu Dhabi that is going to upgrade the local representative office that was previously established in 2001. Based in the free zone of Abu Dhabi Global Market, Unicredit will initially focus on transaction banking and financing, mostly in euro and US … Continue reading Unicredit opens a branch in Abu Dhabi

Setup company in Dubai Airport Free Zone and operate in Dubai mainland at the same time

No, this is not a paradox. The companies that open a business in Dubai Airport Free Zone can now be licensed to operate also in Dubai mainland. If one of the main characteristics (and limits) of the free zone entities was that its registered companies wouldn’t be able to operate out of the boundaries of … Continue reading Setup company in Dubai Airport Free Zone and operate in Dubai mainland at the same time