Latest News and all That You Should Know for Doing Business in the UAE
November 3, 2020Economic Substance Notification & Reporting Templates Going Live Under the old Economic Substance regime, there are two stages for a UAE entity to complete and comply with Economic Substance Notification and Reporting. Stage 1: the first requirement was to lodge a notification around 30 June 2020 to the licensing authority to state if your company(s) perform a Relevant Activity. Stage 2:…
September 14, 2020If you’re thinking of setting up an offshore company, few locations can compete with the UAE. The region is tailored towards supporting businesses of all sizes (in a variety of different sectors), and there are numerous benefits on offer. Here’s a run-through of the main advantages. The benefits of setting up an offshore company in the UAE: Multiple tax benefits It’s 100%…
August 30, 2020Most of the time, when clients inquire about a new company setup in the UAE, their main question refers to the charges for a License and Residency Visa in the UAE. Often though, they are unaware of certain fixed or hidden government fees that pile up at the bottom of their invoice during the setup procedures. Too many times most clients…
July 28, 2020Starting your own business in the UAE is never a process fully completed until you take care of two other vital priorities once your trade license is issued: Applying for a Residency Visa and Opening your Corporate Bank Account. Today we will discuss about banking procedures in the UAE. Benefits of UAE Banks Either for a Personal or a Corporate Account,…