Current state of business seem to show both difficult and supportive condition of economy to the coinciding proceeding condition respectively. Business organizations are trying to become more creative with smart and innovative ideas. They would require technical support and experts to advise them about their industrial state so that they can proceed to take suitable […]
An individual using a bank account is a personal account to meet personal needs. In Dubai, a personal account is used for non-business purposes. In Dubai, an individual-resident or a non-resident is qualified for a personal/private bank account. Most banks allow non-residents to have a bank savings account. The non-residents are given a debit card […]
The partner’s nationality is important to evaluate the business type to set. Only UAE nationals are allowed to set the following companies: Home-based businesses license Joint liability companies (it should have UAE nationals) Commercial or industrial sole proprietorship type SME license. Other nationalities but for the GCC countries may have other business types. This […]
Capital requirements vary as per the legal form of a company. There is a need for AED 30 million as minimum capital, for a PJSC, while for a PrJSC it is to be paid in full such that it is less than AED 5 million. The UAE companies’ law for commercial businesses do not […]
Planning to start your company on the mainland, you should know the following to understand where to start. Starting a company cost Setting up any business involves capital investment, paying for employee visas and licenses. The setting up cost is based on: The license required and the nature of the activity, commercial, service-oriented or […]
There is a need for a person to contact the respective emirate so that they acquire approval and the trade name registration is done. This can be done through eServices or by visiting their office. After the initial approval procced for authority’s approval for trading or business activities by referring the emirates, depending on […]
Starting a business is best if you understand the requirements so that you know where to start a company in UAE. The business startup is encouraged and is attracting business investors showing economic stability. The trends in the recent market are offering in UEA plenty of opportunities for foreign investors. You can tap into the […]
Ras Al Khaimah, the fourth-largest emirate in the UAE, boasts of a rapidly growing economy that primarily focuses industry, trade & commerce, tourism and real estate.
