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.

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

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

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