Newsletter - December, 2019

Almost 9.5 million people live in the UAE, over 85% of whom are expats, foreigners who were once looking for a job vacancy, and came to the country to build their careers or start business in one of local free zones...

Perhaps the main factor contributing to the success of any business is the enthusiasm and energy of its founder. If you have a good idea and a great desire to implement it, sooner or later you will find money, people and all other resources, and if there is no desire to promote and develop your business, then even the funds invested in it will not help to stay the course and generate income...

In this article, we consider the main properties that have to be taken into account when considering investment opportunities in Dubai, UAE. The United Arab Emirates has a growing economy with a population of over 9 million people...

As you know, the UAE does not have the majority of taxes common to citizens of other countries, but nevertheless, certain fees still have to be paid, for example, 5% VAT. When conducting accounting in free zones, after each tax period, one must submit a tax return form to the Authority in the local Emirate office (Abu Dhabi, Dubai, Sharjah, or other)...

UAE free economic zones are special distinguished territories where specific financial and legal regulations (with respect to the rest of the country) are applied, there are no taxes, bureaucratic procedures are simplified as much as possible, and foreigners are offered the maximum freedom of action. All this is for a single purpose – to attract international investments...