News Archive 2016 | Page 4 of 8

Companies registered in the UAE benefit from a number of advantages, including a favorable business environment, advanced infrastructure, a stable banking system, and ease of conducting international business. At the same time, the costs of company formation in Dubai and other emirates may vary significantly depending on the chosen structure, license type, and business objectives...

In the United Arab Emirates, conducting business activities is only permitted if a valid business licence is in place. This requirement applies to both companies registered on the mainland and companies established in free zones...

When speaking about banks and the financial system of the UAE, it is necessary to note a few features of this system. First of all, historically the banking system was being shaped based on the UK financial system...

International business companies or RAK ICC companies of the UAE are the companies which have some certain special regulations in terms of permitted types of activities and territory where such companies can do business. These companies can do business anywhere in the world except of the UAE...

There are 3 fundamentally different types of companies in the United Arab Emirates: offshore companies, onshore companies operating in the Free Trade Zones and the companies on the main territory of the UAE. Each of these types of the legal entities is governed by its own regulations with respect to all permitted and prohibited words and terms used in company names, as well as the indication of a legal form at the end of the company names...