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April 5, 2024
Rules for Company Formation in the Dubai Mainland
Rules for Company Formation in the Dubai Mainland: Starting a company in the Dubai Mainland comes with the knowledge that there won’t be too many restrictions and regulations while conducting business activities. What is necessary though, is to have a local sponsor. You can maintain a 100% percent ownership but you still have to have…
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February 19, 2024
6 month multiple entry VISA introduced in the UAE
6 month multiple entry VISA introduced in the UAE : UAE VISA : For non-UAE residents who seek to explore multiple opportunities here and enjoy long term investments can now avail 6 month multiple entry visa, introduced recently. Over 6,000 applications have been received by the ICA (Federal Authority for Identity & Citizenship) in the…
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February 16, 2024
Till 15 th September Tourists under 18 to be granted Free UAE Visa
This schemed launches every year between 15th July to 15th September targeting children under 18, will grant them tourist visa. However, they need to accompany their parent. The Federal Authority for Identity & Citizenship has announced launch of this scheme from Monday onwards, in June this year. This announcement has been made keeping in mind…
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February 16, 2024
Launch of Crypto Currency Jointly by UAE and Saudi
Launch of Crypto Currency Jointly by UAE and Saudi : The UAE has been anti-crypto in the beginning. However, now it is one of the best countries for cryptocurrency projects in the world. An advantage of working in UAE is that there are no taxes imposed on cryptocurrency projects. When did the Agreement Take Place?…
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February 13, 2024
Transfer of Funds From India to UAE
Transfer of Funds From India to UAE: Globally, most countries employ foreign exchange controls to check both the outflow and inflow of currency from one place to another. As such, in India, the Foreign Exchange Management Act (FEMA) of 1999 and the Directions issued by the Reserve Bank of India are the foreign currency controls.…
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February 7, 2024
Make a Top Virtual Destination by Investing in Dubai Real Estate
The initiative of ‘Invest in Dubai Real Estate’ has been launched by the Dubai Land Department, through its Real Estate Promotion and Investment Management Sector by cooperating with the Strategic Holding. This serves as a virtual destination for the real estate industry with its prominent real estate promotion initiatives held in Dubai. The initiative launches…
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February 5, 2024
UAE Issues Landmark Reforms to Civil – Criminal Law
Major reforms are announced covering women’s safety, inheritance, suicide, alcohol consumption, and Good Samaritans. The changes made to the civil and personal code is going to make it easier for expats to boost multiculturalism and to settle disputes. This follows a decree by the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan This comes…
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January 31, 2024
Is a local partner mandatory to start a business in the UAE?
Is a local partner mandatory to start a business in the UAE? : In Dubai & the rest of the UAE it is legally required to have a local partner (UAE national) for entrepreneurs and SMEs looking to invest in a Mainland company or LLC company for the first time. The local partner should hold…
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January 24, 2024
Prohibition of cigarette sale not having red digital TAX stamps across UAE
Selling or owning of cigarettes not having ‘Red Digital Tax Stamps’, according to the FTA, Federal Tax Authority is likely to get banned w.e.f. from 1st August, 2019 across local market. This is to sync with the deadline set for ‘Marking Tobacco & Tobacco product scheme’ that went live from 1st January 2019. Decision No.…
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January 2, 2024
License fee cut at Jebel Ali Freezone – Dubai
Administration and license registration fee has been recently slashed by Jebel Ali Freezone owner DP World for those businesses who are operating in this freezone area. Cuts are expected to be around 50% to 70%. According to the MD & CEO of DP World, UAE Region including Jafza’s CEO Mohammad Ali Muallem, this timely move…
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