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UAE:Current Business Affairs

In  2020, it was announced that financial stimulus worth some US$70bn would be rolled out by the government to reduce the cost of doing the businessin country.  supporting small businesses, and accelerating the implementation of major government infrastructure projects.

this dependency has been reduced by a focus on creating a diversified economy, and through the integration of a strong liberal trade policy, attracting foreign trade and investments.

Currently, there are 45 Free Trade Zones (FTZs) in the UAE, the majority of which are in Dubai. Dubai has implemented a 'One Free Zone Passport' that allows companies to operate across Dubai's 24 FTZs with one just licence.

Currently, the UAE does not have a federal corporate income tax (CIT) regime

 Expo 2020 will run for six months from 1 October 2021 to 31 March 2022. Through the theme of Connecting Minds, Creating the Future, World Expo shall inspire people by showcasing the best examples of collaboration, innovation and cooperation from around the world

Starting from 1 June 2021,100% foreign ownership of onshore companies is allowed in the UAE. The amended Commercial Companies Law has removed the requirement for onshore foreign-owned companies to have a major UAE shareholder.

Are you willing to set up a Business or invest  in Dubai?

Starting a business in Dubai requires following various formalities, licensing procedures, and more. As a business development consultant in dubai I  will  assist you in how to establish business in Dubai,  will also help you in understanding the types of company formation in Dubai,also  if you are looking to invest in Dubai, then you will have no problems in terms of setting up your business. But there’s a need to know the best markets to invest in and more. Get in touch with us today!
Connect me on: ashiqmoideen7@gmail.com

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