December 2016
Mapping the Path to Setting Up a Business in Dubai
When starting on your path to setting up a business in Dubai, it’s helpful to have a compass to point you in the right direction. Preparing a road map for your journey can save you time, money and a lot of headache, as many aspects of this endeavor are difficult to navigate without a good understanding of Dubai’s business environment....
Getting Documents Attested for Business in the UAE
Any undertaking by an individual or mutual agreement between two or more parties may require a certificate attestation. When setting up a business in Dubai it is crucial to have an understanding of which documents you will need from your home country that need to be translated, attested and legalised in the UAE. In general these documents may include...
Top Emerging Business Destinations – Sharjah
Its location, affordable real estate, open business environment and booming population make Sharjah the perfect place to set up a company in the U.A.E. Explore this article to discover the advantages of setting up your company in Sharjah. Sharjah has engaged in a considerable modernisation drive to renew its appeal to international investors through diversifying its industries. Although the UAE accounts for 10% of...
Top Emerging Business Destinations – Ras al Khaimah
Compared to the glamour and opulence of its neighbour, Dubai, Ras Al Khaimah does not get nearly the amount of publicity it deserves. Although Ras al Khaimah is hailed for its natural beauty and touristic magnetism, it’s not typically brought up in topic of business. If you’re an entrepreneur seeking to expand into emerging markets abroad, there are crucial elements why this...
Free Zones and How they Affect Dubai’s Economy
With much credit due to Dubai’s Free Zones, today, Dubai is one of the world’s leading business destinations for entrepreneurs, investors, startups and corporations. The city has set the standard for banking and business within the region and, arguably, across the globe. An incredibly impressive accomplishment when you consider the age of this City and its humble beginnings. One of the...
Which Free Zone is Right For You? See This Chart
Particulars Jebel Ali Free Zone Dubai Airport Free Zone Dubai Media City Free Zone Dubai Internet City Free Zone Dubai Health Care City Free Zone Location Dubai Dubai Dubai Dubai Dubai Infrastructure Quality (1-5) 4.5 4.6 4.7 4.7 4.7 Nature of Licenses Trading Trading Media & Marketing Software, Internet and Multimedia Health Care Service Service Event Management Telecom and...
November 2016
The Benefits and Myths of UAE Offshore Banking
There are many benefits to UAE offshore banking if you’re a expat. Read on to see a list of what we believe to be the top 7. 1. Security By using an offshore bank, based in a highly regulated, transparent jurisdiction with statutory protections for investors, such as the UAE, you can feel secure in the knowledge that your money is...
Not Sure if an Offshore Bank Account is Right for you?
Most of us feel safest when we’re in the comfort of our own home. This is because we’re familiar with our surroundings and we understand it. It can be difficult when moving overseas, as an expat, to trust people and a system that we do not fully understand; especially with something as important as our financial security. Read: 3...
3 Reasons All Expats Need Offshore Banking
You may think the biggest risk to your finances is credit card debt or a beyond-your-means lifestyle preference. However, if you are a UAE expat, there is a far greater risk to your (and your family’s) financial well-being and security. What is it? Many are surprised to discover it’s your own bank account. UAE expats who are new, inexperienced...
3 Ways to get a UAE Residency Visa
The UAE is, by far, one of the most attractive destinations in the world to reside. It offers those who reside hear the benefits of a luxury lifestyle, numerous business opportunity and world-class amenities. A high standard of living, coupled with economic and personal safety makes the UAE Residency Visa a highly valuable document to have. Relative to its value,...
How to Setup a Branch Office in Dubai
Setting up a Branch Office in Dubai Under the Commercial Companies Act Number 8 of 1984, a branch office of a foreign company in not considered to be a separate entity. It is simply a representative office of the parent company and shall undergo all business activities under its original name. A branch office may promote and market the products or...
Why Seek a Local Agent for UAE Company Setup
UAE company formation agents, such as Zola Group, play a key role in assisting foreign nationals and expats incorporate in the UAE – efficiently, cost-effectively and without hindrance. Their role is more consultative and advisory than anything else. Investors quickly realise the importance of having local knowledge when they begin the process of researching the opportunity of setting up...
UAE Offshore Company Formation – Who’s it For?
UAE offshore company formation has become increasingly popular among wealthy individuals who desire to protect their financial assets in a safe and secure, tax free jurisdiction. The legislation, which governs Dubai Offshore Companies, was enacted in Jebel Ali Free Zone (Jafza) in Dubai in May 2003. It provides for a secure environment for investors without the levels of unnecessary...
10 Reasons to Start a Business in UAE
Start a Business in UAE There are several reasons to start a business in UAE; so much so, that narrowing them down to just ten is a challenge. Since its founding in 1971, the UAE has provided a safe-haven for ambitious business minded individuals and companies from around the world. Even today, the drive to establish success in the UAE...
Free Zone Company vs Free Zone Establishment (FZ-LLC vs FZE)
A Free Zone Company is a fantastic option for business owners who want to setup in Dubai. Dubai is arguably one of the world’s fastest growing business destinations. Historically, it is one of the youngest cities in the world to have evolved so rapidly. The success shared by many business owners in such a short period of time is...
Dubai Freezone Company Costs and Requirements Explained
Setting up as a freezone company in Dubai is an economical choice for business owners. Freezone company costs are typically lower than local company costs. Business owners choose to open freezone companies instead of local companies mainly because they prefer to operate with 100% ownership. This is dissimilar to local companies, which only allow up to 49% ownership by...
Everything you Need to Know About Opening a UAE Offshore Bank Account
Opening a UAE offshore bank account can offer businesses a beneficial means of managing their money effectively. Companies with larger assets may consider placing a portion of their assets into an offshore bank account as a form of asset protection. One benefits to this, is that offshore banks have little to no taxes, which is one of the main reasons opening a UAE...
The Different Types of Bank Accounts in Dubai and their Requirements
There are many different types of bank accounts in Dubai. The most common being a personal account, which is usually used as an employee salary transfer account. Other account types include offshore bank accounts, corporate/company bank accounts, private bank accounts. Whichever type of account you choose, you should get to know the requirements for the different types of bank...
How to Start a Business in Dubai or UAE
It’s quite a common question. How to start a business in Dubai is actually one of the most common inquiries we get a Zola Group. It’s a valid question that has many answers, depending on the entrepreneur’s needs. It’s also a general question which is difficult to answer without context. In this article, we’ll discuss how to start a...
Business Setup in Dubai – A Guide for Entrepreneurs
Just as with most highly rewarding entrepreneurial markets, business setup in Dubai will require a fair amount of research and planning. In Dubai setting up a business is not difficult, although it can be confusing. Navigating the different laws in each business jurisdiction and deciding on the best business license that best suits your needs is something that every...
August 2016
Dubai Company Setup – Benefits for Global Business Owners
Dubai looks more and more like the ideal place to setup a company. With easy geographical access to the tiger economies of the East and perfectly placed to access the growth and cash rich economies of the gulf as well as being by far the most live able place in the Middle East and with no tax, low rents,...
Dubai Company Formation: A List of Required Contracts and Documents
To date, there are at least quite a number of business structures/forms that are legally permissible to do business in Dubai. Here is a list of the required documentation for Dubai Company Formation, referring to the most commonly-used vehicles. Dubai Company Formation Options 1. Limited Liability Companies Documents needed for Registration of Business and Trade Name ( Limited Liability Company)...
UAE Free Zone Company Set Up – What You Need To Know
Setting up a business entity in one of the United Arab Emirate’s Free Trade Zones (FTZs) may be an engrossing alternative for foreign investors. For investors who are considering to physically moving (part of) their business to the UAE, a Free Zone Company is the obvious choice. Free zone companies also meet the growing necessity in international tax planning of having...
Why Setting up Mainland Company in UAE Makes Sense
United Arab Emirates (UAE) is one of the most popular trading environments in the Gulf and an ideal location for mainland company setup due to its strategic location (situated midway between Africa and CIS countries, and Europe and the Far East), vibrant economic policies, and positive planning. As per the mainland company incorporation law, a UAE national has to...
Offshore Company in UAE – The #1 Choice for Business Leaders
Going offshore has become increasingly popular in recent years as a way of managing modern business, mainly as a cost-efficient and tax-efficient strategy for entrepreneurs. Important prima facie benefits of an offshore company include freedom of operations, confidentiality and ease of running business. An offshore company established in the UAE is ideal for any type of business that does not require a local...
A Step by Step Guide to Registering a Company in Dubai
Each and every year, more and more individuals and businesses express their interests to register a company in Dubai. The authorities of the Emirate have deliberately sought to create an environment which is well ordered without being unduly restrictive. The incorporation procedure is a simple step by step process and does not require endless visits to a lawyer at...
July 2016
UAE as an Offshore Tax Haven – What you Need to Know
The are a number of benefits that one can take advantage of through company formation in an offshore tax haven country. Currently, UAE’s ratings are increasing among other traditional jurisdictions and the country is now a leading offshore tax haven offering a number of options across different Emirates and authorities. UAE a stable and wealthy offshore tax haven The UAE is...
International Bank Account in UAE
A bank account is definitely one of the most important requisites of starting a business. The UAE has a reputation as a global leader in banking, so opening an international bank account in UAE should never be out of the question. UAE International Bank Account Benefits Here is a list of benefits of the UAE relating to safe banking...