The Dubai cryptocurrency license is a legal framework established by the Dubai Multi Commodities Centre (DMCC) and the Dubai Financial Services Authority (DFSA) to regulate cryptocurrency businesses in Dubai. The license was introduced in 2020, following the growing interest in cryptocurrencies and blockchain technology in the region. The cryptocurrency license is designed to ensure that...
Administered by the Fujairah Free Zone Authority (FFZA), the Fujairah Free Zone (FFZ) is a special economic zone which is located in the Fujairah region. Companies that are set up in this Free Zone enjoy numerous benefits including zero corporate taxes, 100% repatriation of capital and profits, exemption from import and export duties, provision of...
If you are looking for greater confidentiality and more tax benefits, Dubai is the ideal place for you. Not only does Dubai offer zero corporate taxes, but it also has double taxation treaties with numerous countries to protect companies from the risk of double taxation. Although Dubai is growing in reputation as a tax haven...
Dubai has one of the fastest-growing economies. For this reason, it may be beneficial for your business to have a branch office in Dubai. A branch office is one where the parent company sets up another business in a different country, in this case Dubai, such that the branch is fully owned by and can...
If you intend to set up your business in Dubai, there are multiple factors you need to keep in mind. Firstly, you need to decide whether you wish to set up your business in the mainland or one of the Free Zones in Dubai. Secondly, you need to understand the industry of your business. Lastly,...
If you are looking to expand into the Middle East region, offshore company registration in Dubai offers a plethora of advantages for entrepreneurs. The UAE was ranked 9th in the IMD World Competitiveness Yearbook 2020 for its tax system and efficiency. With a growing economy, strong infrastructure and low tax rates, and paired with the...
After you register company in Dubai, the next step will be to proceed with setting up an offshore bank account in Dubai. An offshore bank account is one that is set up in a different country than the residence of the account owner. This type of account ensures high levels of privacy and security while...
Despite the numerous tax and cost benefits of setting up a company in Dubai, the starting fee can be relatively high depending on the type of company. Specifically, Dubai company registration cost differs for offshore and onshore firms. If you are not planning to conduct business in Dubai, an offshore company can be a much...
Registering an offshore company in Dubai can be highly attractive due to the tax benefits, high level of confidentiality and low administration and maintenance costs required to operate an offshore firm. If you are planning to register company in Dubai, it is important to know the type of businesses that exist and the requirements for...
Setting up an offshore company in Dubai has been highly attractive in recent years due to the high level of confidentiality offered to businesses, the lenient requirements for accounting and auditing practices and the absence of corporate taxes. The three main free zones for offshore company setup in Dubai are namely the Jebel Ali Free...
