News Archive 2016 | Page 2 of 8

Before starting the company registration process in the UAE, it is critically important to determine in advance the type of commercial real estate required, its location, and the requirements that such premises must meet from the perspective of licensing authorities, regulators, and banks. In the UAE, the place of company registration is directly linked to the location of the commercial property...

Selecting an office or other commercial premises when establishing a company in the United Arab Emirates requires careful, detailed consideration. This is due to the fact that the UAE applies specific rules and regulations that differ significantly from practices common in many other countries...

In many cases, registering a company in a free economic zone in the United Arab Emirates does not meet the requirements for a specific activity or business model. In such situations, the optimal – and often the only possible – solution is to register a local company on the UAE mainland as a Limited Liability Company (LLC)...

The purpose of this overview is to provide a detailed description of the procedure for registering companies in Dubai's free economic zones. First of all, it is important to note that there is no separate legal entity called the “Dubai free economic zone...

General principles of banking compliance in the UAE When opening bank accounts in the UAE, banks must comply with international client identification and risk management standards, including KYC (Know Your Customer), AML (Anti-Money Laundering), and CTF (Counter-Terrorist Financing) procedures. These requirements are mandatory for banks worldwide and are governed by both national and international regulations...