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Why KSA Residents Should Prefer UAE for Company Formation? The UAE is the most reputed destination when it comes to company formation in Dubai. With simple legal procedures and a booming economy, business setup here is very welcoming and feasible for foreign nations. The Kingdom of Saudi Arabia is a fellow member of Gulf Cooperation Council and it can redeem significant benefits of formation of a company in UAE. It goes without saying that UAE is the leading business hub for KSA residents. Residency Visa is not required Saudi Arabian residents don’t need a residency visa as the member of GCC to gain access to the UAE. They just have to submit their ID and Saudi passport to enter Dubai. So, they can easily enter the nation to set up their businesses. Tax Benefits Considering the COVID-19 pandemic, the VAT has been tripled by Saudi Arabia to 15%. It led to a lot of discrepancies for businesses. On the other side, UAE has only 5% VAT. So, KSA residents can easily establish a company in Du...

Company Formation in Dubai – A Step by Step Guide It goes without saying that the administrative, financial and technical parts seem difficult for company formation in Dubai. But it is a lot more simple and affordable to follow this step-by-step guide with proper support. If you want to set up your business in several free zones, here are some of the steps - ● Decide the nature of your business Your business activity is very important in choosing the free zone to set up your business in. Some free zones allow only specific types of business activity, such as transport, media, and medical. It is also important to set up the business in proximity to other businesses in the same sector. Suppose your business depends a lot on import/export, you should choose a free zone which is located around a sea port or airport. ● Decide the name of your company There are some strict guidelines in the UAE for naming a business. Be sure the chosen name complies with the regulations. Avoid the names whic...

4 Major Types of Intellectual Properties in UAE It is not easy to protect your intellectual property in UAE like declaring ownership of any asset or product. There are four different types of intellectual properties in most nations which can be protected legally, such as trade secrets, copyrights, trademarks and patents. Each type of intellectual property has its own cost, needs and attributes. There are four major types of Intellectual Properties in a lot of countries which can be secured legally, viz. copyrights, trademarks, patents and trade secrets. Each type of IP has its own requirements, attributes, and costs. Before you narrow down your focus on the type of protection, you should keep in mind that such forms of protection are not complete. According to what you are going to do, you can apply several protection forms and belt and suspenders approach. Here are some of the major types of intellectual properties - Patent This intellectual property inUAE is u...

How to Search for a Trademark to Start a Business? Trademark rights are based on the purpose in UAE. Before using a mark for a specific service or product, you should do a clearance search or trademark search. It helps you figure out whether there is another similar mark. If a similar mark is registered already, there are chances that it might be the same as you are going to use. Let’s discuss trademark searches for your startup in the UAE.   A trademark search is also known as homework search. It is a systematic way of searching registered and unregistered trademarks which ●        Are being used in any part of the nation or world where it is applicable ●        Are being used for similar or similar services and/or products ●        May cause conflict for the consumers regarding the source of services and/or products You also have to keep track of the process and progress ...