Business Centre Office Solutions

Once you have opened your company, you may need to get a physical space; without spending lots of money… it better! We have partnered with the leading global provider of business centres to ensure you receive unbeatable rates and an all in one solution for your office needs. With 24 locations across the UAE and 3,000 locations globally, you are sure to find the office space suited to your needs and near you! Information about company setup in Arabic. We have two excellent packages exclusively for…

Being a resident in UAE, will protect you from sharing financial data under CRS in 2018

“The Common Reporting Standard (CRS), developed in response to the G20 request and approved by the OECD Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions. The first reporting due…

Hiring employees and labour law in UAE

The United Arab Emirates Labor Law regulates the process of hiring employees in Dubai. The employer is the one responsible for the procedure of hiring a foreign employee and the costs that come with this process. The employer’s responsibilities in Dubai Before a company in Dubai can hire foreign employees, it must obtain two types of documents – an establishment labor card and an establishment immigration card from the Ministry of Labor.  The Labour Law sets forth the obligations of the employer in relation to the employees. The…

Brexit and Dubai: how it will impact?

The announcement of the Brexit vote decision caused a worldwide ripple; before the referendum held in June 2016, many economists produced gloomy forecasts. UK removing itself from the European Union caused instantaneous global disruptions and financial market volatility. The economy took a swift blow almost immediately upon the announcement. Markets dropped rapidly and the pound hit a 31-year low against the greenback. Then almost three weeks into the new year and the UK economy seems to be in rude health; forecasts seems to be wrong. However, the…

Company setup in Dubai and UAE

There are three main ways you can set up a company in the UAE. This can be in mainland (in conjunction with a local partner who would own 51 per cent of the company), known as an LLC – limited liability company;  via one of the many UAE free zones, particularly popular with foreign entrepreneurs cause they offer are 0% corporation and personal tax, 100% company ownership, 100% repatriation of capital and profits, no currency restrictions and 100% import and export tax exemption; with an offshore company. The…