Uae

Qatar is a country with some of the most exciting business projects in the world at the moment. With the 2022 FIFA World Cup and the North Field Expansion plan with the largest natural gas field in the world, it has 2 projects that are certain to generate enormous investment and business opportunities. If you are considering setting up a business in Qatar, it is important to know what types of business structures are available and what the laws are around business ownership for foreigner investors and companies. This article gives information on whether 100% foreign ownership is possible in Qatar and under which circumstances as well as detailing the business structures that can be used. Read more

In the UAE the Notary public is authorised to witness signatures on legal documents and other essential records, to verify the identity of individuals and to guarantee that the individuals execute their records openly and properly and enter into agreements knowingly and willingly. The Notary will also check that the content of the documents conforms to UAE laws and guidelines for the agreements between individuals and companies. Read more

The Saudi Arabian government has recently made significant changes to the way it raises cash through taxes during this time of lower oil prices and pandemic and Saudi tax law is open to interpretation in some areas. It is critical therefore, for any business considering setting up in the Kingdom, to ensure they are aware of and have planned to meet their tax obligations. In this article we provide a practical guide on the various taxes on individuals and companies within KSA, and we show how this can affect the decisions type of company formation and the location chosen: Read more

In the UAE the Notary public is authorised to witness signatures on legal documents and other essential records, to verify the identity of individuals and to guarantee that the individuals execute their records openly and properly and enter into agreements knowingly and willingly. The Notary will also check that the content of the documents conforms to UAE laws and guidelines for the agreements between individuals and companies. Read more

One of the most difficult challenges that business owners face as their companies grow is how to expand into new international markets, compliantly and profitably, whilst maintaining control and oversight of their expanded business. Expanding into a new country or jurisdiction requires careful analysis of the new market, and also the legal and regulatory framework in that jurisdiction to ensure that the company is set up correctly to deliver right type of products or services to the required consumers. For business owners in Dubai, and across the UAE, Qatar is good choice to look at to expand into. It is a country with a fast-growing economy and a forward thinking growth strategy that will undoubtedly provide diverse investment opportunities for businesses over the coming years. Read more

Redomiciliation is a process by which a company transfers its domicile from one jurisdiction to another while maintaining the same legal identity. The main benefits of redomiciliation are that the company can hold on to its full history as well as all existing contractual relationships. It has often been used for tax reasons, so that a company can move to another jurisdiction without the need to close the business and transfer assets to a new entity. This article discusses the reasons for migrating a business to the UAE and offers detailed information on the company migration process to the UAE, with particular focus on the key UAE jurisdictions of RAKICC and ADGM. Read more

A few things in life are as tough as owning a business, but just as well, as few things in life can be as potentially rewarding. To prepare you for your journey into entrepreneurship, we’ve prepared a list of the top 7 business mistakes that owners and entrepreneurs often make so that you can be aware of them and avoid them in the first place. In this article we detail the key top 7 business mistakes made by entrepreneurs and how to avoid them. Read more

With EXPO 2020 about to start, Dubai is creating significant opportunities for freelancer workers as the Emirate looks to improve ease of doing business and as countries, companies and brands converge on Dubai for the biggest event the region has seen in recent years. In this article, we take a look at the options for remote working and freelancing in the UAE and outline all that you need to know about the freelancer visa in Dubai. Read more

The E-commerce landscape in the UAE is rapidly expanding with many opportunities and niches for growth and development. In 2020 e-commerce sales in the UAE reached $4.2 billion with projected growth of 20.9% in 2023. Despite the still solid presence of offline brick and mortar stores, e-commerce is challenging the traditional business model leading the way to increased convergence between online and offline channels i.e omni-channels. Several factors come into play accounting for the accelerated growth of the e-commerce sector in the UAE. In this article we highlight the key driving factors and growth opportunities in the UAE e-commerce landscape, and we discuss the best way to set up to in the UAE to undertake online sales and e-commerce in the region. Read more

On 2nd January 2020 Dubai Multi Commodities Centre (DMCC) Freezone Authority brought in new Company Regulations 2020 (“CR 2020”). Pursuant to Reg.184.7 of CR 2020, any Company registered and Licenced before the effectivity of CR 2020 must within twenty-four (24) months from the date of the CR 2020 must amend its Articles of Association (AOA) to ensure the provisions of its AOA are in line with CR 2020. Read more