PRO Partner Group Blog

In the UAE, the employer of a sponsored worker can extend sponsorship to the accompanying spouse, provided that the relevant legal requirements are met. Once the legal requirements, such as salary and suitable housing, are met, the accompanying family member may obtain a residence permit to settle in the UAE long term under Family Sponsorship. Before the accompanying spouse can start to work, a work permit / labour card must be approved and issued by the government. Read more

Oman’s Ministry of Commerce and Industry (MOCI) has brought in a new Foreign Capital Investment Law (FCIL) by Royal Decree No: 50/2019, effective as of 2 January 2020, which aims to make Oman an attractive investment environment. The introduction of this law comes as a move to ensure the stability of foreign investment in the country. The new Law has several incentives and advantages for foreign investments to encourage business flow and stability in the Sultanate, as they have an impact on economic development. Read more

As part of the Omanisation initiative, the employment of foreign nationals is becoming increasingly regulated by the Omani authorities. In some cases, an employer must prove that a foreign worker has the skills and experience which an Omani national cannot offer, otherwise an employment visa will not be granted. Once officially employed by an Omani based company, the employment visa process will begin: Read more

The Secretariat General for Taxation (SGT) is responsible for applying and regulating the relevant taxation laws in Oman. Tax Investigation and Assessments are made by the Directorate General within the SGT. Both the Secretariat General for Taxation (SGT) and the Directorate General departments are considered branches of the Ministry of Finance of Oman. Read more

Choosing the right location and company structure in the UAE is dictated by the activities a business wishes to carry out, who its target customers are, and where they are located. If your activities, products, services and target customers dictate that you must establish a Mainland UAE entity then as a Foreign Company you have two options: to set up as a Limited Liability Company (LLC) or as a Foreign Branch. Read more

The healthcare sector in the UAE is growing just as it is around the world. The tax-free environment of the UAE, along with one of the world’s strongest economies, make it an ideal location to open a healthcare business. Spending on medical care is expected to top AED100 million by 2021. Much of the growth in the region comes from a move to preventative care and new interest in specialist care. For foreign investors and entrepreneurs, now is the time to open a healthcare company in the UAE, including Abu Dhabi and Dubai. The businesses you open can include a healthcare facility, a specialty practice, or a medical instrument importation business. While these healthcare businesses are diverse and often require different licensing, many of the steps are the same. Read more

The future of energy is renewables. Millions of entrepreneurs around the world are starting renewable energy companies to move our energy supply into the 21st century. UAE is one of the most dynamic places in the world for renewable energy companies. Each year, Abu Dhabi is host to the World Future Energy Summit. The 2020 summit in mid-January was the largest in the world. Already, the next summit is planned for 18 - 21 January 2021. Read more

Financial Technology more commonly known as FinTech is the use of new and improved technology in the financial services sector including education, e-commerce and investment management in order to improve efficiency of financial processed by using technology and specific algorithms. According to the Global Fintech Market report the market is quickly growing and is expected to reach a value of $305.7 billion by 2023. Read more

EXPO 2020 will reshape the way business is done in the UAE; the event will positively impact the Gulf Cooperation Council (GCC) and wider Middle East, and Africa Asia region. As the first-ever EXPO to be held in the region, EXPO 2020 will definitely have an impact beyond the borders of Dubai and the UAE. Experts say beyond commerce, there is a significant human development dimension to the EXPO, with job and investment creation expected to benefit the regional economies. The construction, tourism, leisure and hospitality sectors have obvious potential to benefit from development spending and job creation. Technological Innovations in alternative and conventional energy as well as engineering, logistics and Urban Planning will likely see many opportunities. Read more

Drones and aerial photography are the latest thing around the world. From real estate companies to wedding photographers, wildlife enthusiasts to professional photographers, it seems like everyone has a drone. In order to fly your drone in the UAE, even for personal purposes, you must register with the GCAA (General Civil Aviation Authority) and DCAA (Dubai Civil Aviation Authority). Sovereign PPG helps you get all of your paperwork done faster and with a lot less hassle than doing it yourself. Read more