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The meaning of the term “sponsor” in the UAE context

The meaning of the term “sponsor” in the UAE context

In its classical sense, the term “sponsor” is typically associated with a person or organization that provides financial support. However, in the legal and business practice of the United Arab Emirates, this term is used in several specific meanings that are important to distinguish...

Authors: Alliance Business AdvisorsRead more
Foreign companies no longer require a local partner in the UAE

Foreign companies no longer require a local partner in the UAE

One of the key corporate law reforms was implemented in the UAE in 2020 with the adoption of the amended Federal Commercial Companies Law, which came into force on 1 April 2021. As a result of this reform, foreign companies were granted the right to 100% foreign ownership when registering a business on the UAE mainland, without the mandatory involvement of a local partner...

Authors: Alliance Business AdvisorsRead more
What you need to know about starting a business in the UAE

What you need to know about starting a business in the UAE

Planning to launch a business in the United Arab Emirates? The UAE is rightfully considered one of the most attractive jurisdictions for entrepreneurs thanks to its stable economy, developed infrastructure, and clear business rules. At the same time, a successful start requires thorough preparation and an understanding of local specifics...

Authors: Alliance Business AdvisorsRead more
How to register a company with a preferential tax regime in Dubai

How to register a company with a preferential tax regime in Dubai

What is a “tax-free company”? The term “tax-free company” generally refers to a company that benefits from a preferential tax regime in the UAE due to its legal status, type of activity, or place of incorporation. In practice, this most often applies to companies registered in free economic zones, as well as certain corporate structures that meet the requirements of UAE tax legislation...

Authors: Alliance Business AdvisorsRead more
Recommendations regarding relocation abroad (using the UAE as an example)

Recommendations regarding relocation abroad (using the UAE as an example)

Relocating abroad always requires thorough preparation. Such a decision is rarely spontaneous and almost always requires answering a number of key questions in advance and understanding the legal, financial, and everyday aspects of the chosen country...

Authors: Alliance Business AdvisorsRead more
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