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Newsletter - December , 2017
VAT Registration in the UAE
The UAE has resolved to introduce VAT from the beginning of January 2018. All onshore companies in the UAE have to register to receive the VAT number...
Top problems / challenges when opening business in the UAE
United Arab Emirates are well known for the very attractive business environment, its legal framework and favorable tax system. However the UAE, like any other country in the world, has its certain particulars which may potentially result in some challenges when opening a business here...
Islamic Banking – how to open an account in the UAE
According to the study conducted in 2017, Islamic banking is becoming more popular in the United Arab Emirates. More than half of the population gives preference to Islamic banking...
What the term Sponsor means in the UAE
When we think about the sponsor, we normally think about some person or company who provide some form of financial support. In case of the UAE, this term has two different meanings...
Foreign Companies will no Longer Need a Local Partner
His Excellency Sultan bin Saeed Al Mansoori, the UAE Minister of Economy, will shortly introduce a new law allowing foreign enterprises to do local business without the services of a local partner. This will greatly simplify the work in the UAE market...