by admin | Aug 25, 2017 | Expo 2020
Geographically, Dubai is uniquely placed as it is within 4 hours flying of one-third of the world’s population and within eight hours of two-thirds. From 2017 onwards, opportunities to profit from the lead up to Dubai Expo 2020 have started. Companies that focus on...
by admin | Aug 25, 2017 | Expo 2020
Please see our other sections on how to set up a company in Dubai. However, we can give you some specific information on starting a company in Dubai if you are looking at capitalizing on the opportunities arising out of Dubai Expo 2020. Companies can choose from...
by admin | Aug 23, 2017 | Expo 2020
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...
by admin | Aug 23, 2017 | Expo 2020
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...
by admin | Aug 20, 2017 | Offshore Company Formation UAE
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...
by admin | Aug 20, 2017 | Offshore Company Formation UAE
Both offshore jurisdictions offer most of the services and the advantages are similar such as: Lower tax liability – No double tax agreements Limited reporting requirements Minimum capital requisites Absence of public register Strict confidentiality policies But...
by admin | Aug 20, 2017 | Offshore Company Formation UAE
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)...
by admin | Aug 20, 2017 | Offshore Company Formation 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...
by admin | Aug 20, 2017 | Offshore Company Formation 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...
by admin | Aug 20, 2017 | Offshore Company Formation 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;...
by admin | Aug 20, 2017 | Offshore Company Formation UAE
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...
by admin | Aug 20, 2017 | Offshore Company Formation 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....
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
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...
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
Lease agreements will be prepared by the authority Trade license will be issued after this Visa processing will start Freezone Company Formation Advisory Services Free Digital Media Services for New...
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
After getting the initial approval, the registration fees and license fee need to be paid. Again, the fees depend on the type of license required. After this, you will need to submit the following documents: Completed application for registration Board Resolution...
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
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...
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
Companies established in free zones are governed by the rules of the respective free zones. To secure all the required approvals, Bizvest can guide you apply with the documents. The type of documents varies based on the type of business activity, the company type and...
by admin | Aug 19, 2017 | FreeZone Company Formation Dubai
You can either buy or lease office spaces in free zones. Office requirements depend on the number of employees and type of business activity of your company. If you wish to set up your business in DMCC , there is a flexi desk of 20-30 sq. m., a flexi office of 200-265...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
The type of business license you will apply for depends on the primary activity of your business. Types of business activities you can conduct in a Free Zone depends on the Free Zone itself. For example, twofour54 focusses on Media and Broadcasting. In DMCC, there are...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
The free zone authority or the respective Department of Economic Development will have a set of rules on the permitted trade names and whether the intended name has already been registered. For example: twofour54 does not allow ‘Abu Dhabi’ and/or ‘United Arab...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
It depends from one Free Zone to another. There is no minimum capital requirement at twofour54 Abu Dhabi (this free zone is named after the geographical co-ordinates of Abu Dhabi (24° N, 54° E), catering to the demands of the region’s media industry. BBC, CNN, FOX...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
Businesses can set up one of the two types of companies: Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.) Free Zone Establishment (FZE) The differences lie in the number of shareholders and whether the shareholder is a natural person or a...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
Determine the type of legal entity Choose a trade name Apply for a business license Choose an office space Get pre-approvals, register your business and get your license Freezone Company Formation Advisory Services Instant...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
Establishing a business in the freezone allows 100 per cent foreign national ownership and there is no need of a local sponsor or local service agent. Waiver of corporate taxes (time-bound and renewable for further periods) Freezone companies are exempted from...
by admin | Aug 16, 2017 | FreeZone Company Formation Dubai
The main differences between an LLC and a free zone company (FZC) in the UAE are the mandatory requirements to open a business organization and the limitations of the business activities that are permitted. The limitation is that a free zone company can undertake...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal consultancies must obtain the approval of Ministry of Justice sell firefighting...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Yes. In some cases, approvals of bodies other than the DEDs are required. Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
It is mandatory that all businesses should have a physical address. The chosen location must comply with the requirements set out by the Department of Economic Development in the respective emirate and the zoning regulations of the local municipalities. In Dubai, the...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
Yes. Foreign investors must obtain the approval of the General Directorate of Residency and Foreigners’ Affairs before getting the initial approval. Please be advised that the initial approval does not allow a foreign investor to practice the activity, unless a...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
After determining the activity and the legal form and registering the trade name, you need to obtain the initial approval certificate. It is only after seeking the initial approval that you can proceed for additional approvals of authorities other than the DEDs which...
