In September 2024, the Saudi government approved new regulations to simplify commercial registration and the process of obtaining trade names. These laws, set to take effect in the coming weeks, aim to enhance business efficiency and improve the overall commercial environment. The reforms introduce a unified national registration system, eliminating bureaucratic bottlenecks and expediting business […]
Saudi Arabia expected to unveil updated business regulations to boost transparency and ease the process of investing in the kingdom. Published on August 11, 2024, and set to take effect in the upcoming weeks, this law aims to enhance the competitiveness of Saudi Arabia’s investment environment in alignment with Vision 2030 and the National Investment […]
Who can register for the Corporate Tax Now? According to the authority’s explanation, early registration for corporate tax will grant companies and businesses ample time to meet their legal obligations. At present, only individual legal entities can undergo the registration process. If these entities desire to form a corporate tax group, they must initially register […]
“UAE is a Pro-business country and it is one of the main attractions for entrepreneurs and HNWI customers as it is also known to be a Tax-free country.” Setting up a business in Dubai is less complex as compared to many other countries offering onshore or offshore company set up. UAE has one of the […]
“I keep getting clients who have been misled in the past and ended up having a Trade License in a Jurisdiction which has no value in real terms, they are unable to open Bank account and even many western Countries refuse to deal with such jurisdiction/Free Zones.” – Dilip Patel (Director Hexagon Advisory) It is […]
The UAE government had announced in November 2020, that major amendments were being made to Federal Commercial Companies Law Earlier, starting a mainland business in UAE had the mandatory requirement of having a UAE national as a 51% shareholder in the company. Starting 1 June 2021, the long-awaited amendments have been made under the New […]
These days, the United Arab Emirates is one of the most popular and eye-catching authorities for setting up an offshore company. The benefits of the Offshore Company Formation In Dubai rests on the foundation of the effective assets safety, risk management, financial confidentiality, no formalities, low registration cost, foreign investments and protected property rights. Regardless […]
With the growing popularity of Dubai among the business persons, the number of professional free zones is augmenting in Dubai every day. It all commenced with Jebel Ali Free zone: the first free zone in the country that gone through to create a yardstick for regulations and incentives and encouraged the rest of the emirates. […]
Once you have strong-minded the practicality of your business idea and are prepared to commence your project, you have to select a legal organization for your business and register it with government. More or less every country needs that you sign-up a new business with a related regulatory authority that is well-known by the government. […]
Sector of Economic Development in Dubai has divided every business under different licenses, offering them importance as per their business activity. Owning a Trade License Dubai does not only give an appropriate business organization to legalize but also allows the company to achieve lots of benefits. There Are Three Main Types of Business Licenses in Dubai: Commercial […]
