To establish a trading company in the UAE as a foreign investor, one must acquire a Trading License from any of the business jurisdictions in the region. This blog aims to provide an answer to the question, “How can one obtain a Trading License in the UAE?” Now is an opportune moment to embark on […]
On 20 June 2022, the UAE Federal Tax Authority (FTA) released a new Public Clarification (Ref. EXTP007) outlining the process of notifying the FTA in cases of deficiency or destruction of excisable goods within a Designated Zone (DZ), and the required process of receiving the approval of Excise Tax relief subject to meeting certain conditions. […]
Global investors are often intrigued by the prospects of expanding their businesses to Dubai, as they seek opportunities with minimal investment requirements. This blog aims to provide insights into the question: “What is the minimum investment needed to start a business in Dubai?” For a Free Zone company, the minimum investment required is AED 11,900. […]
Cryptocurrencies and blockchain projects in the UAE are regulated by FSRA (Financial Services Regulatory Authority) in relation to ADGM (Abu Dhabi Global Market). This authority publishes guidance on cryptocurrencies. It also monitors blockchain business to ensure transparency as well as to prevent money laundering and terrorist financing. Other bodies that may contribute to the regulation […]
Dubai’s Metaverse Service License is now one of the most highly anticipated business license categories. As virtual reality, artificial intelligence, and other software technologies continue to advance, the Metaverse has become a tangible reality. An increasing number of companies are actively involved in developing Metaverse applications and choosing Dubai as their headquarters. The demand for […]
Taj Al Manar restaurant, located in Al-Khayer district of Al-Ain, has been closed by the Abu Dhabi Agriculture and Food Safety Authority (Adafsa) for endangering public health. Officials said the closure was due to repeated violations of conditions and requirements related to health and food safety. Three high-risk violation notices were issued to the establishment […]
Now is the ideal time for expats and their families to settle in the UAE. With the offering of long-term residence visas, green visas, freelance visas, and more, the UAE provides an excellent opportunity for a fulfilling life abroad. Among entrepreneurs, the investor visa stands out as one of the most preferred options in the […]
The UAE Committee on Fuel Prices has announced a price increase for gasoline and diesel in June 2022.The new gasoline and diesel prices will be effective at UAE petrol stations starting June 1, 2022.As of June 1, Super 98 gasoline will cost AED 4.15 per liter compared to AED 3.66 per liter in May.Special 95 […]
The UAE prosecutor’s office has announced a minimum fine of 250,000 dirhams and a maximum fine of 500,000 dirhams for threatening or blackmailing someone online.Violators will also be sentenced to no more than two years in prison. In a social media post, the prosecutor’s office said the penalties are aimed at combating electronic crime and […]
Sharjah, a burgeoning business hub in the UAE, boasts several highly regarded Free Trade Zones that provide excellent opportunities for establishing and expanding companies. Investors are drawn to Sharjah for its affordable company packages, offered across a range of Free Zones within the Emirate. Moreover, the cost of company formation in Sharjah’s mainland is lower […]