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Through fiscal incentives and an expeditious regulatory environment, free zones in the UAE have attracted foreign direct investment and helped establish the country as the trade and service economy hub of the region, especially in Dubai.
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(CNN)Last month the United Arab Emirates announced it would ease restrictions on foreign business ownership and residency rights in a move to increase investment and attract fresh talent.
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The Central Bank of the UAE lifted its growth forecast for the country’s non-oil GDP to 3.9 per cent in 2018 from 3.6 per cent on the back of improving domestic economic activity and better prospects for the global economy.
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Smart Dubai is reportedly set to host the second edition of its now-flagship “Future, Now” exhibition, which will run from 29th April to 2nd May at the Dubai Design District (d3).
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DED Dubai and Free Zones council in pact to facilitate business for free zone entities.
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A key gauge of Dubai’s non-oil private sector economy eased slightly in March to the lowest increase in four months, but it remained in growth territory as business conditions improved.
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Accenture, in collaboration with SAP, has implemented SAP S/4HANA for Expo 2020 Dubai that will provide the expo with a foundation for data-driven insights, from visitor preferences to sustainability.
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February data signalled a further strong improvement in business conditions across Dubai’s non-oil private sector. Greater overall business activity remained a key driver of growth momentum, whilst an uptick in new work was also registered.
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Dubai free zones, government staff don’t need conduct proof. Job visa applicants outside the free zones in Dubai, however, need to provide conduct certificates.
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The Federal Tax Authority, FTA, has issued 50 guides and e-learning modules covering some legislative and implementation aspects of the UAE’s tax regulations as part of the authority’s comprehensive awareness campaign.
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The economic diversification drive initiated by the GCC governments has started to bear fruit, as Dubai enters the ranks of the top cities in the world, joining Abu Dhabi and Riyadh on the global list.
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Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and chairman of the Dubai Airport Freezone Authority (DAFZA), launched ‘DAFZA’s Strategy for Islamic Economy’ yesterday, focusing on strategic initiatives involving the Islamic economy and halal sectors.
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The Ejari smart application developed by Dubai Land Department (DLD) is now equipped to “protect the rights” of all parties in the real estate sector including owners, tenants and property management companies.
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Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has approved the executive regulations of Federal Law No.8 of 2017 on Value Added Tax (VAT).
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Permission from the authority concerned is a must before advertising in the UAE by a foreign company who may not have a legal entity here. A foreign firm can set up its branch or representative office either in mainland or any free zones in the UAE. In case of violations, legal action will be taken by the ministry or the National Media Council or the authority concerned.
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There has been considerable talk about offshore companies and what they can — and cannot do — in Dubai. Given the amount of queries received, it is worthwhile to examine the formation purpose and the functions of a Jebel Ali (Jafza) based offshore company and what investors can and cannot do.
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Dubai: The UAE Artificial Intelligence strategy was launched to boost government performance, the rate of accomplishing achievements.
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The Dubai Multi Commodities Centre (DMCC), one of the world’s biggest free zones in terms of concentration of businesses, is eyeing Latin American markets to further expand its reach and attract more multinational commodities players, according to its executive chairman.
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Jafza has been named world’s best free zone for 2017 in key categories of the FDI magazine’s annual awards for global free zones.
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Abu Dhabi: A new initiative between the UAE and Japan is expected to boost SME contribution to the UAE’S gross domestic product (GDP), according to the UAE economy minister.
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Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), has today published the “DIFC Wealth & Asset Management Report 2017: Mapping Opportunities in MEASA Region” in partnership with Thomson Reuters.
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Dubai: The UAE’s public and private sector should invest more in digitisation — including artificial intelligence — and establish more regulations around the sector in order to keep up with the fourth industrial revolution.
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Dubai: The Dubai Airport Freezone Authority (Dafza) issued a halal industries guide to help Dubai achieve its goal of becoming the capital of the Islamic economy for 2017-2021.
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Starting a business in the UAE should not take you more than a week once you’ve sorted all your legal procedures.
But before you start your legal formalities, you need to consider some elements required in the process:
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Dubai ranks among the top five second home hotspots for the world’s multi-millionaires, according to New World Wealth, a wealth research firm.
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If you want to have 100 per cent ownership of your company, regardless of type of business, you need to opt for a license and location in one of the many free zones of UAE.