One of the biggest considerations when starting your own business in Dubai is to choose the right type of business entity. You generally have three main choices: mainland, free zone or an offshore entity. Each has its own merits and drawbacks with the right choice depending on your business activity performed by your company, intended trading partners, ownership structure and other factors.
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The city’s property market has bounced back in 2021, seeing a serious uptrend since 2015.
According to Dubai Land Department’s latest data, Dubai recorded a staggering 27,373 sales transactions in the first half of 2021, totaling AED 61.97 billion. Compared to the number of sales transactions for the same period in 2020 and 2019, this reflects the best performance in real estate in over seven years. This means one thing: now is the time to venture into the Dubai real estate market!
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International trade in Dubai has achieved exceptional growth over the years and now hosts over 100 trade shows annually, including the highly-anticipated Expo 2020. Set to be one of the largest events hosted in the Middle East, Dubai Expo 2020 will offer new and exciting business opportunities for interested foreign investors. With over 190 countries taking part, the Expo will drive growth in various sectors in Dubai. In this blog, we explore the different industries that are anticipated to grow during the Expo and the opportunities present for entrepreneurs to look forward to.
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Here are some thoughts on the issues you will need to address in cross-border employment. Watch this space for the application of the new Remote Work Visa.
Since its establishment in 1971, the United Arab of Emirates (“UAE”) has come a long way in respect of its infrastructure, development and its openness to diverse cultures. The UAE has quickly become an extremely attractive destination for multinational and regional corporations wanting to enter the Middle East market. The UAE is now considered a significant hub for multi-national corporations allowing them to manage their operations in the MENA region (and beyond) seamlessly.
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You have successfully established a new business in one of the UAE’s free zones. You have set the processes in motion and are looking to grow your business with a new team. Whether you are hiring within the UAE (a talent working at Dubai’s onshore location) or want to hire a foreign workforce, the Dubai Free Zone visa applications are relatively straightforward.
However, with a pool of information available today, it can be overwhelming to understand the visa process, including the eligibility, legalities and expenses.
Most free zone authorities impose a limit on the number of visas issued to each business. Companies can increase their visa quota by either moving to bigger offices or can request an increase in visa quota, subject to the free zone authority’s approval.
This detailed blog will help you make an informed decision about the associated procedures, types of visa and eligibility requirements for each type of visa.