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Full Foreign Ownership Of Onshore/Mainland Business Setup In The UAE

 Foreign possession of onshore businesses in the UAE is allowed from June 1. The modifications to the industrial enterprise possession laws, which were first introduced in November, do away with the requirement for onshore businesses to have a main UAE shareholder. They additionally abolish a provision mandating that a UAE-owned enterprise become required as an agent and that a company’s board had to be made from a majority of UAE nationals and chaired by way of means of an Emirati.  Abdulla bin Touq Al Marri, Minister of Economy, stated that the regulation modifications will bolster the UAE’s attraction as a vacation spot for overseas traders and marketers as mainland company formation in Dubai picks up its pace. It may even inspire the float of funding to a few important monetary sectors, he added. The modifications are a part of a sequence of measures brought to make the UAE an extra funding-pleasant vacation spot that has additionally covered the provision of 10-yr visas...

What To Know About Obtaining A Commercial License In Dubai-A Free Guide To Setup Business

  For many business owners around the world, Dubai is their dreamland to run a business. After all, the place is known for its strategic trading location, situated between large markets such as Europe and the Middle East. If you are interested in starting a business in this area, one of the most important tasks you need to take care of is picking the correct type of license. The type of business you are running will affect this decision. For instance, if you want to become a manufacturer, then you will opt for a manufacturing license! For the purpose of this article, we will focus on commercial licenses—one of the most common types of licenses you will find here. A commercial license is a type of license that allows you to import, export, and trade in Dubai and throughout the UAE. If you are interested in getting one, here is everything you need to know:   The cost of getting a commercial license   One of the biggest concerns for many business owners is the cost of obtain...

Conducting Business In Dubai, Ajman, Ras Al Khamiah Freezone-Reference Guide

Dubai is one of the best places in the world to start a business. This is true for both established and budding businesses, as the city offers equal access to all investors that makes starting a business easier than it has ever been. To add to this, doing business in the Dubai Freezone comes with a slew of different benefits such as tax exemptions and repatriation of profits and capital. Now, some of you may be interested in doing business in Dubai but don’t exactly know how to go about doing things. To help you on your journey, we thought it would be useful to prepare a quick guide on how to start your business. If this is something you’re interested in, read on as we breakdown everything you need to know about starting a business in a Dubai Freezone. Advantages of Doing Business in the Freezone Before we jump into things, we thought it would be useful to run through the advantages of starting a business in the Freezone. Here are a few of the most significant benefits: Complete Forei...

Cosmetic Business-Trade License And Register Your Product

  Dubai is a viable location for entrepreneurs all over the world to produce and trade many products. The city is a business hub of several markets nationally and internationally. These features make cosmetic trade a profitable   business setup in Dubai   coupled with the fact that the city has been ranked among the world’s highest per capita consumers of beauty products.   Due to the ever-growing cosmetic industry in Dubai, the government of Dubai declared a compulsory registration of cosmetic products. This registration applies to all cosmetic products produced industrially and sold in Dubai. The manufacturer, distributor, and trader of the cosmetic products are mandated to register their cosmetic brand with the Dubai Municipality.   What are the advantages of registering my cosmetic products in Dubai?   Registering your cosmetic products offers your brand legal protection Registering your cosmetic products gives you rights to import and export cosmetic g...

Practical Tips On How To Set Up Business In Dubai

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The population of Dubai has more than three million people, who want to succeed in their business. With such a large influx of foreigners, and you can drown in an application for opening of a company, especially when you're up against the big companies, and local councils. Setting up a small business in Dubai can be a daunting task, but it can be very rewarding if it is done properly. Start-up companies have a tendency to fail when the owner of the company is to go to a few of the steps in the startup their own business. However, here in Dubai, and grow your business.   Starting a small Business setup in Dubai , and it may mean the consultancy, which is based on your level of experience with the opening of a small café, a beauty salon, etc. No matter how big the company is, there are a number of permits and licenses that are necessary in order to conform to the statutory, Dubai, standards, and ultimately, success. If you have any doubts about proper installation, please read ...