If your goal is to become a resident of one of the most dynamically developing countries in the world, you should know that there are several available solutions to achieve this. In this article we will consider the main ways of obtaining a residence permit in the UAE for businessmen and entrepreneurs.
Until recently, there was no VAT in Dubai, the UAE. VAT was not imposed on individuals or legal entities and the UAE resembled a huge Duty Free zone. Starting from January 1, 2018, goods in the Emirates are subject to VAT.
Most countries of the world use taxation systems as the main source of the budget replenishment. Governments use taxes during the organization of elections and for many other purposes. However, there are countries in the world where taxes are practically or completely absent.
According to experts, an international exhibition EXPO 2020 will be visited by about 25 million people from all over the world.
Any business is related with risk in some way. That is why business partners often use a bank guarantee in order to ensure the safety of the negotiated transactions.
Articles on business in the UAE
In the section "Articles on business in the UAE" you will find plenty of interesting and useful information relating to features, terms and prospects of doing business in Dubai and other Emirates.
We regularly publish informative articles relating to currently central and challenging matters relating to doing business in the United Arab Emirates. When reading them you will learn a lot of useful information that would be of great aid for the best success of your business.
What you need to know about doing business in UAE
Under the laws of the United Arab Emirates foreigners may set up a business by either of two options mentioned below. The first entails registration of own company in UAE, provided that more than half of the shares are owned by resident of the country, and the subscriber is the national of the United Arab Emirates. The second option for starting business in the UAE is more feasible for foreigners, as it allows to own 100% in company business. This option entails registration of a company in any of Free Trade Zones in the UAE.
Out articles regarding business will give you more than an idea of the easiest and cost-effective ways for registering business in the UAE. You will also know the optimal way for registering a company in Dubai. You will also find valuable information regarding business taxation and other aspects of doing business in UAE.
In addition, the articles will give you an idea of other useful information regarding business in Dubai, inter alia, national peculiarities of doing business.
Local business traditions differ markedly from European ones. First of all, it is worth noting that the region's business community never does anything in hurry. The lifestyle in the United Arab Emirates is somehow slower as opposed to Europe or America. Therefore one should be patient when allocating time for business partner for solving issues relating to business.
Read our article on business in Dubai and succeed in business!