The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai established in 2004. It is a hub for Middle East, Africa and South Asia (MEASA) markets. DIFC is one of…
DIC or Dubai Internet City
Dubai Internet City or DIC is a free zone established by government of Dubai in the year 1999 and inaugurated in the year 2000, which is an Information Technology park.…
Business Set Up in Twofour54
Twofour54 is located in the UAE capital Abu Dhabi. It got its name from geographical coordinates of Abu Dhabi (24° North, 54° East). It was launched in 2008 to accelerate…
Business Set Up in DAFZA or Dubai Airport Free Zone
Dubai Airport Free zone, going by the name of DAFZA is a free zone established by government of Dubai in 1996. DAFZA came into being as part of the Dubai…
Summary on provisions applying to legal persons regarding Real Beneficiaries
Background The United Arab Emirates (UAE) recently issued Cabinet Decision No. 58 of 2020 on the Regulation of Procedures Related to Real Beneficiaries (“the Regulation”), which came into effect on…
Summary on Tax Residency Certificate
Introduction: The Tax Residency Certificate / Tax Domicile Certificate is an official document issued by Federal Tax Authority confirming that an individual or corporate entity resides in the UAE. It…
TAX CERTIFICATE ISSUANCE BY FTA IN UAE
In a latest announcement by The Federal Tax Authority (FTA) in line with the Cabinet Decision No. 65 of 2020 on Fees for Services provided by the Federal Tax Authority…
Business Setup & Auditing in Dubai Silicon Oasis
Dubai Silicon Oasis is a major technology park in Dubai, which was launched in October 2002 by Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, with the aim of becoming a global hub of electronic innovation, research…
DTEC FreeZone Company Formation
An initiative of Dubai Silicon Oasis Authority, Dtec is designed to conveniently set up a new business in Dubai. From 100% business ownership, visa processing, 24/7 access, high speed wifi,…
Cloud Accounting – Downside of the Paradigm Shift
Cloud Accounting – Downside of the paradigm shift Since the inception of cloud technology, it has been the most valuable asset for organizations to keep up the trend. Cloud accounting…
Things to keep in mind to increase the sales of an organization (Or) Guide to boost sales of an organization
No magic way to achieve success Are you one of those owners who have a great product but the sales of it are not so great. Do you belong to…
New guidelines on Winding up or liquidation of a company or branch in DMCC
Background Is there any corporate law in existence in UAE? Is there any framework to issue business licenses in UAE? Yes! Every Emirate has its own corporate code. Licenses are…