Uae

Setting up a company in a foreign market can often be intimidating and contain much uncertainty. Cultural differences, language barriers and an unfamiliar legal system all contribute to the sense of confusion. It is important and companies get it right from the start when setting up their business in the UAE to ensure that they have the right trade name, activities, jurisdiction and legal structure. One element of business setup in the UAE which may seem straightforward is the registration of a trade name, and while the process of registration itself is relatively easy, there are certain issues and naming requirements that are important to be aware of to ensure you get it right. Read more

When setting up a company in the UAE, a business bank account is a requirement for the company to be able to carry out its activities and in some cases is a necessary part of the incorporation process. It is, therefore, an important consideration for any new business owner. This article is a guide to the various commercial banking options available in the UAE, as well as the requirements for opening a business account and other issues to be aware of. Read more

Improvements in technology and pressures due to the COVID-19 pandemic have shifted the way that most companies approach their office spaces, with many companies now operating fully remotely, staff able to work from home and other locations. For businesses evaluating whether investing in office space is necessary, this article offers information on office space requirements for businesses in the UAE as well as the available options, in the UAE mainland and UAE freezone locations. The article also looks at the various options for digital nomads and remote working visas for staff of foreign companies looking to live and work in the UAE. Read more

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