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Most Preferred Areas for Business Formation in Dubai One thing that matters the most to set up your business and make it a success is your preferred location. UAE has come up as the most business-friendly nation in a survey. It is obvious because it is surrounded by Asia, Europe and Africa. Business holders can easily access a huge audience base and build a strong base for their brand awareness. The Business Registration & Licensing of Dubai Economy has identified the best locations for business formation in Dubai in a report. According to the report, there are 5 locations issued over 43.7% of new business licenses in total during the first half of 2020. In the first 6 months, a total of 16,826 business licenses have been issued by Dubai Economy. Around 15% of the total business licenses issued is in Al Garhoud to set up new businesses, while Burj Khalifa stands second with 12%. Following this race are Oud Al Muteena with 6.5% licenses, Trade Centre with 5.2% and Oud Metha with...

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...

  What Not to Do for Business set up in Dubai? There have been plenty of opportunities out of the existing market for foreign investors to make the most of increasing tourist traffic in the city and enter into the import/export of products. It has been creating a lot of opportunities to grab a lot of potential customers and clients. But there are some things you sh ould avoid doing for business set up in Dubai. 1. Don’t set up your business in any free zone without considering the pre- conditions and available sizes It goes without saying that there are plenty of offices available in a free zone. But availability keeps changing in the real world. Usually a startup wants a cheaper option. So, there are chances that you may find only specific sizes when you really go for company registration. Only one visa is allowed for some offices for investors, not employees. 2. Don’t base your plans on published details Confirm the validity of information published before finalizing the plans to...

 What to Know about Intellectual Property Rights in Dubai? There are several global conventions and treaties to protect intellectual property rights. Dubai is very serious about privacy and intellectual property rights. Companies rely on laws governing intellectual property in Dubai to protect their logos, trademarks, discoveries and any original industrial design or artistic work. Intellectual Property Laws in Dubai In order to protect the intellectual properties, Dubai has entered global treaties and has also become a member of international bodies, such as the World Trade Organization, World Intellectual Property Organization, and other organizations. Dubai has a vast legal framework for intellectual property rights protection for both foreign and local investments. Some of the major laws for protecting intellectual property in Dubai are Federal Law on Protection of Copyrights and Intellectual works and Federal Law on Trademarks. The Commercial Protection Division is a special d...

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...

Freezone Setup Dubai – Pros and Cons of doing business in a FreeZone Over the years, Dubai has seen tremendous economic growth and has been associated closely with its unique entrepreneurial flair of the community in the UAE.   The authorities have established SEZs where businesses can grow with minimal procedures and costs to push foreign investment and innovation. What is a free zone? An expatriate who is willing to freezone setup Dubai can either register a company with any free zone in the UAE or set up an LLC with an operational license in any part of the UAE. A free trade zone or free zone is a special economic zone where companies can get and operate a significant amount of fee and tax savings. Expatriate residents can also get company ownership of 100%. In free zones, companies are considered as offshore ones and they don’t have to engage with the Ministry of economy or customs authorities. They are instead protected by concerning authorities.   ...