Alliance-dubai.net - Newsletter - December, 2019

Newsletter - December, 2019

Hiring and employment in the free zones of the UAE

Hiring and employment in the free zones of the UAE

December 2019

Hiring and employment in the free zones of the UAE 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. The labor market here is growing very fast, since everything is aimed at achieving the main goal – to make this country the best place for doing business, a leader in introducing innovations and better for life than any other country. Therefore, hundreds of

How to do business out of your favorite hobby in the UAE?

How to do business out of your favorite hobby in the UAE?

December 2019

How to do business out of your favorite hobby in the UAE? 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. What kind of activity makes genuine interest in a person? Of course, it is a

Investment opportunities for foreigners in Dubai, UAE in 2020

Investment opportunities for foreigners in Dubai, UAE in 2020

December 2019

Investment opportunities for foreigners in Dubai, UAE in 2020 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. Due to the ongoing diversification process, the rapidly developing stock market, future Word Expo 2020 in Dubai, political stability, and a favorable tax regime, the UAE is a very attractive place for venture capital from other

Submitting regular reports for free zone companies in the UAE

Submitting regular reports for free zone companies in the UAE

December 2019

Submitting regular reports for free zone companies in the UAE 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). Here we look at the rules related to filing a financial report in this country. The standard tax period applicable

Who regulates local rules in the free zones of the UAE

Who regulates local rules in the free zones of the UAE

December 2019

Who regulates local rules in the free zones of the UAE 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. Free zones are managed by special bodies – administrations. This body develops regulatory rules,

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