Expo Live announces a new call for innovators

The largest and most diverse round of Global Innovators to date means Expo Live is supporting 121 grantees from 65 countries – but the search isn’t over yet. Proving that innovation can come from anywhere, to everyone, Expo Live is now providing funding, guidance, and exposure to 121 grantees from 65 countries after announcing its […]

Expo 2020 Dubai tickets!

173 days of fun See the best of the World in one place! Food. Music. Tech. Culture. Creativity. And that’s just the start. 20 October 2020 – 10 April 2021   1-day ticket Starting from 10 am to 1 am on weekdays and 2 am on weekends, get a full day of non-stop excitement at […]

Is It Possible to Get Permit for Freezone Companies to Operate in the Mainland?

According to some recent developments, there are two fundamental geographic locations through which one can begin a business in the United Arab Emirates (UAE) – Freezone and the Mainland. These two have their very own points of interest and drawbacks relying on the movement and business type. While Mainland Company enlisted with DED is permitted […]

Dubai Expo 2020 – The Game Changer For Dubai’s Economy?

The city of Dubai is on its way to host the country’s biggest spectacle with the Expo 2020. Following the trend of World Expos held every five years, the Dubai Expo will also be based on a theme. At the Expo 2020, Dubai will bring forth the concept of ‘Connecting Minds, Creating the Future’, and…

China-UAE trade reaches $11.2 billion in 2019 Q1

Bilateral trade between China and the UAE reached US$11.2 billion in the first quarter of 2019, a 16.21 percent increase compared to the same period in 2018, said a top Chinese diplomat. “China-UAE trade is expected to maintain the momentum of rapid growth throughout 2019 and beyond,” Ni Jian, the Chinese Ambassador to the UAE, […]

UAE reduces, cancels fees for over 100 public services

The Ministry of Economy has announced a new amended fee and fine structure for a package of 110 services in the implementation of Cabinet Resolution No. (51) of 2019 on the reduction of government services fees it provides to customers and businesses. According to the new fee structure, fees of 102 services will be canceled […]

Dubai building Expo transport system for 25m visitors

Expo’s three main entrances and Dubai Metro entrance, as well as the availability of 30,000 parking lots, will ensure smooth entry and departure to and from the venue. Dubai is currently building an advanced transport system through several vital projects that will serve the expected 25 million visitors of Expo 2020 Dubai, which will take […]

Dubai is top Arab city and 11th globally in future-readiness

Dubai ranked first in the Arab world and 11th globally in ‘Future Readiness’ in 2019, according to the ‘Global Competitiveness of Talent’ report issued by the Institute for Administrative Development in Switzerland in cooperation with the Dubai Competitiveness Office in the Department of Economic Development (DED). The report evaluated various cities worldwide around three main […]

UAE Permanent Residency Scheme: Gold Card

Whether you want to work or simply visit the UAE, several visas are available that can suit your travel plans. While the country issues many other kinds of visas, we’re just going to talk about the most common ones. Which UAE visa is right for you? Here are the options: UAE permanent residency scheme: The […]

Start a Pharmacy in Dubai

SETTING UP A PHARMACY IN DUBAI

The UAE has a highly developed health infrastructure. Medical facilities are modern and easily accessible for both locals and expats alike. There is an increase in demand for healthcare services over the past 10 years, spurred by population growth, increase incidence of lifestyle-related medical conditions and medical tourism. Dubai is ranked the second popular medical […]

Opening a Restaurant in Dubai

OPENING A RESTAURANT IN DUBAI

The food culture in the UAE has been changing drastically in the last few years. Around 2,000 restaurants and cafeterias have come up in the UAE in the past 2 years. There are wide variety of cuisines available that cater to all nationalities in UAE. In spite of the introduction on VAT, people are ready […]

How to Start Architectural/Engineering Consultancy Firms in Dubai?

The architecture industry in UAE has evolved tremendously during a short period of time. From a barren land, to holding the World record for the tallest building in the world, Dubai’s architecture has developed rapidly and keeps on growing. According to Dubai Design and Fashion Council, the UAE’s design market will grow by 13% from […]

How can already established SMEs benefit out of Dubai Expo 2020?

60% of UAE’s GDP is contributed by about 400,000 SMEs and they constitute almost 94% of the total number of companies operating out of the country. With Dubai Expo 2020, contracts worth AED 5 billion will be allotted to local and international small and medium enterprises. SMEs should be focusing on some specific areas to […]

What does the theme for Expo 2020 mean?

The theme for Dubai Expo 2020 is “Connecting Minds, Creating the Future” The subthemes are chosen with much thought and research, based on the direction the world is going in and with a vision for the future. The subthemes are Sustainability, Mobility, and Opportunity. Sustainability seeks to portray a life that has to be lived […]

What does Dubai Expo 2020 mean for companies across the world?

Dubai Expo 2020 is a six-month long trade fair that will showcase the latest innovations and products from across the world between October 2020 and April 2021. The Expo is set to be hosted in a state-of-the-art complex covering 438-hectares in Dubai. The Expo will provide a significant boost to a number of economic activities […]

What are some specific benefits of doing business from the offshore jurisdiction?

Investors do not need to pay corporate or personal income tax. Bank secrecy You do not have to be physically present (IN RAK) in order to start a business in the offshore jurisdiction Privacy is given utmost importance. The formation, maintenance and operation of a company in offshore jurisdiction come together with exceptional transparency of […]

Which are the offshore zones available in the UAE to set up a company?

There are three offshore jurisdictions in the UAE. They are: Ras Al Khaimah, ( RAK Offshore), which is under the jurisdiction of Ras Al Khaimah Investment Authority (RAKIA) Dubai Offshore, which is under the supervision of the Jebel Ali Free Zone Authority (JAFZA) Ajman Free Zone, which offers Offshore Licenses to companies that seek to […]

Why should your business be set up in Offshore UAE?

Free remittance of profits Security of property rights Access to tax treaties Customs and duty exemptions Greater privacy Validity and Authority of contracts Limited restrictions Higher revenues and returns Exceptional political stability Access to the best jurisdictions Banking privacy Access to foreign insurance Government cooperation Foreign investment inducements Highly stable legal systems State-of-the-art banking facilities […]

How can I open an offshore company in the UAE?

Bizvest can help you set up an offshore company in the UAE if you can furnish the following documents: Copies of passports of director and shareholder; Recommendation letter from bank; Certificate confirming residential address of shareholders- this includes statement from the account, which specifies the address; bill for payment of utility services. Bizvest provides cost […]

What are the advantages of registering an Offshore Company in the UAE?

Exemption from taxation; 100 % ownership by foreign legal entities and individuals; No requirement for a minimum amount of registered capital; Confidentiality; No restrictions on expatriation of capital and profits; No need to provide accounting records and audit; Fast registration – within 3-5 days; No customs duties on imported and exported goods Offshore Company Formation […]

Can an offshore company undertake any business activity in the UAE directly?

Technically this is not possible, but an Offshore company can be a shareholder of any UAE Mainland and/or Free Zone companies. This in fact permits it to engage with the UAE market and undertake business activities through a subsidiary company. But as per the law, an Offshore company cannot do business in the UAE if […]

Who can set up an Offshore Company in the UAE?

Those businesses who do not have the primary need to participate in any business within the UAE (whether onshore or within one of the free zones) can set up a company under the offshore regulatory system. Usually the offshore based companies are Holding Companies. Some Free Zones allow these companies to act as a medium […]

Can a Free zone company do business on the mainland?

No. But a company registered in the Free Zone wants to do business in mainland, Bizvest can help you get an initial permission from the respective free zone authority. Then, we will guide you to approach the local Department of Economic Development in the respective emirate for fulfilling licensing requirements. Bizvest can provide its service […]

What are the requirements for initial approval for setting up a business in Free Zone?

The following documents are required to secure the initial approval: Completed application form Business plan Copy of existing trade license/registration certificate (if you are an existing company, this is applicable for local company only) Colored passport copies of the company’s shareholder/s and the appointed Manager/Director for the new company Specimen signature of the company’s shareholder/s […]