Business etiquette in the UAE
Even though the UAE is a global business hub, new businesses should have some awareness of the Arab culture and the business etiquette that may be prevalent in the local business environment. In the Arab world, a large part of business is conducted on the basis of personal relationships and mutual trust. Working hours The […]
Travel guidance for Dubai residents and tourists
COVID-19 flight and travel restrictions remain in place across many countries around the world. We are closely monitoring the situation as it evolves and we will provide frequent updates on this website. Traveling to Dubai: If you hold a Dubai residence visa and you are flying back to Dubai, you must have return approval from the General […]
Update: Economic Substance Regulations in the UAE – Part 3
In order to ensure that you do not incur any penalties, contact us today for assistance with filing the notification and the Economic Substance Report. The UAE Cabinet Resolution No. 57 of 2020 Concerning Economic Substance Requirements (the “Decision 57”), Ministerial Decision No. 100 of 2020 (“Ministerial Decision 100”) urges license holders to resubmit their […]
Wij helpen u graag bij het openen van uw zakelijke bankrekening in de VAE!
Wij hebben de expertise om uw zakelijke bankrekening te openen en wij helpen u graag bij dit proces, zodat u waardevolle tijd, geld en energie kunt besparen! Wellicht: De fiscale voordelen van een Dubai entiteit zijn erg aantrekkelijk (100% buitenlands eigendomsrecht, geen belastingen op inkomsten of winst, geen vennootschapsbelasting, geen vermogenswinstbelasting, repatriëring van kapitaal en […]
Operate on the Mainland With a Free Zone Company
Earlier, a free zone company could not carry out any kind of commercial activity on the mainland. It was restricted to doing business only in the free zone it was incorporated in. If any free zone company wanted to engage in commercial activities on the mainland, it had to open a Branch on the mainland. […]
Dubai Airport Free Zone Offers Talent Pass for Freelancers
Freelancers who are active in the fields of media, art, culture, education, technology, and consulting can now avail of a Talent Pass from the Dubai Airport Free Zone. This is a business license with which one can legally work anywhere in the United Arab Emirates and be eligible for a residence visa. The Talent Pass […]
UAE Drops Face Mask Requirement, Back to Near Normal
As of 26th February 2022, people are no longer required to wear a face mask in public, according to an announcement made by the National Emergency Crisis and Disasters Management Authority. The use of face masks when outdoors has been made optional. However, people are still required to wear a face mask in closed, indoor […]
Emirates Development Bank, Dubai Islamic Bank Sign Deal for SME Financing
The Abu Dhabi-based Emirates Development Bank has signed an agreement with Dubai Islamic Bank, the largest Sharia-compliant lender in the United Arab Emirates, to disburse AED 200 million (about $54.4 million) to small and medium-sized enterprises in the country. The focus will be on SMEs in priority sectors, as well as businesses and startups that […]
A Bounced Cheque Could Affect Your Credit Score
As of 2nd January 2022, issuing a cheque that bounces is no longer a criminal offence in the United Arab Emirates. However, it could still affect your credit score and impact your ability to secure lines of credit, according to the Al Etihad Credit Bureau. Marwan Ahmed Lutfi, the Chief Executive Officer of Al Etihad […]
Mashreq Bank Launches Program to Assist SMEs Access Working Capital
Mashreq Bank’s Supplier Finance initiative leverages the credit worthiness of large buyers to provide early payment to small suppliers, thus reducing the overall cost of financing the supply chain. Small and medium-sized enterprises comprise 97% of all businesses in the Arab world, according to data published by the World Bank. They also employ half the […]