#Company Formation at Dubai Knowledge Park

[companyformationinuae]

Worldwide Formations Limited |

Established in 2008, Worldwide Formations has grown to become one of the region's leading corporate advisory service providers. We offer turnkey solutions under one roof for businesses and entrepreneurs looking to establish and expand their presence in the UAE.

Today, we the leading company formation consultants in Dubai are a trusted advisor to clients from more than 90 countries around the world. As an officially registered agent at all the major free zones in the UAE, we provide expert assistance in company setup, with an approach customized to each client's specific needs.

Our services also extend to mainland and offshore setups, as well as visa and second citizenship support. And through our network of internationally renowned partners, we provide our global 10,000-strong client base with B2B solutions including accounting and bookkeeping, corporate and individual taxation, financial audits, international tax consulting, and much more.

To know more visit, https://worldwideformations.com/

[srtip]

The top benefits of company setup in the SRTIP free zone

The Sharjah Research and Technology Innovation Park is a specific free zone for research and development companies. It's also known as the SRTIP freezone in Sharjah. 

SRTIP in Sharjah

The free zone aims at promoting partnership activities between educational institutions, government, and private sectors. The SRTI Park evolved as a connection point between ideas and the marketplace. According to recent reports, the SRTIP free zone will accommodate more than two hundred foreign start-ups and innovators. Additionally, it has ideal space for SME incubators and MNCs alike. 

SRTIP business center offers a favorable atmosphere for modernization with high-tech services and state-of-the-art infrastructure. The free zone develops an ingenious framework that improves Sharjah's global ranking. Gradually, Sharjah turned into a leading hub for science and technology. 

The Emirates is renowned for its educational facilities. The SRTI Park is next to the Amercian University. The university promotes the growth and establishment of several creative companies. 

What are the goals of Sharjah Innovation Park?

Innovative Ecosystem

The SRTI Park free zone develops and maintains a community that encourages Research and development. The ecosystem provides a supportive infrastructure for R&D-related business activities. 

Job Opportunities

Company setup in the SRTIP free zone promotes high-potential businesses that offer job opportunities for university graduates. The job opportunities improve the socio-economic development of the Emirates. 

Catalyst for development

By implementing the strategic projects, SRTIP positions itself as a global business center in the UAE. The free zone serves as a catalyst for development in a knowledge-based economy. 

Future investment

The free zone allows entrepreneurs to establish strategic partnerships with the public sector. The knowledge-full enterprises generate sustainable socio-economic development in the country.

The Top Benefits of company setup in SRTIP free zone

Business setup in the SRTIP free comes with exclusive benefits. The strategic location, ownership, cost-effective packages, and more benefits inspire business owners to consider SRTI Park. Since the SRTIP landscape gives more importance to scientific research, technology, and innovation, such entrepreneurs can confidently choose the above-free zone. Hiring a company formation consultant simplifies the licensing procedures and business establishment. 

A comprehensive glimpse at the benefits of choosing Sharjah Innovation Park

Reasonable business setup license with Visa

Most foreign entrepreneurs are concerned about the business setup cost. However, SRTIP tops the list with highly affordable business setup packages. SRTIP offers one of the cheapest company setups in the UAE. The approximate cost of a trade license with one visa is AED 5500. Besides the above package, entrepreneurs can select the appropriate and affordable packages. 

Ingenious ecosystem for R&D

If entrepreneurs choose an activity related to research and development, SRTI Park is the research area to progress the business. The SRTIP works on these top scientific and research areas, 

Water management

Renewable energy

Environmental technology

Production design and architecture

Transport and logistics

Digitalization solutions

Thriving business location

Location is an essential factor when choosing a free zone in the UAE. The UAE has more than 45 free zones offering various business setup services. SRTIP is a preferred free zone for entrepreneurs because it's located between University City Road and Sharjah Airport Road. The Sharjah Innovation Park has a robust logistics and transport network. The free zone is accessible five minutes from the Sharjah Airport and twenty minutes from the Dubai Airport. The global connectivity supports import and export businesses. The location allows easy transportation for employees and customers. 

Women-centric free zone

SRTIP is a renowned free zone providing special business setup packages for women entrepreneurs. The 'Women in Innovation' is a subsidized package allowing more women to join the entrepreneurs club. The package provides additional benefits like unlimited access to the innovation lounge, swift business establishment, private areas, professional events, confined areas, and access to researchers. 

Integrated Company setup services

SRTIP provides all the business setup services under one roof. The free zone authority allows integrated services to meet business demands. The support team at SRTIP guides entrepreneurs in all the stages. From application submission, registration, leasing, and business license. Hiring a business setup consultant will offer additional support. 

Dual license

UAE free zone offers multiple advantages but with few limitations. The restriction to trade freely in the mainland is a massive limitation for the UAE-free zones. The free zone companies can trade within the zones or internationally. However, SRTI Park offers a change in this limitation with a Dual license. The Dual license navigates your business into the UAE mainland. The companies with a Dual license can operate out of the free zone but they cannot rent an office space on the mainland.  

Modern Amenities

The free zone offers a modern infrastructure with state-of-the-art amenities. The SRTI Park office spaces are furnished with the latest facilities. The free zone offers meeting rooms, Flexi dess, on-site parking, free wifi, private working areas, 24/7 security, receptionist services, etc. 

The SRTIP free zone is a hub that fosters innovation in Sharjah. It has an open innovation Lab called SoiLAB. The lab is open to artists, students, tech enthusiasts, and entrepreneurs. The lab allows access to metal, woodworking machinery, 3D printers, etc. 

Avail the benefits with SRTIP Accelerator!

SRTI Park is a favorable environment for entrepreneurs. The business setup process looks simple but foreign entrepreneurs have to deal with a few requirements and regulations. A business setup consultant like SRTIP Accelerator can guide you in the business setup process. We have the expertise and knowledge to handle your key business requirements. PRO services, bank account opening, or any business setup services, we assist entrepreneurs in launching their ventures. 

Consult with our experts! Start your business in SRTIP now!

[varunjith-blog]

Free zone Company Formation Services in UAE

Tax collection and proprietorship are two vital parameters for business people while setting up a business. With developing business openings in the UAE and keen interest of foreigners to work in Dubai, the Dubai government has presented ‘Dubai Free Zones‘.

In basic words, ‘Free zone’ signifies an exceptional economic zone where entrepreneurs get the advantage of keeping 100% business proprietorship and appreciate tax exclusions. As an entrepreneur, you get the chance to keep every one of the benefits collected and maneuver it once again into your business. All things considered, Free zones in Dubai are offering you simply that and more.

Here are 8 reasons why you should consider the business arrangement free zone in dubai, uae

Tax exception

While every significant nation are patching up their assessment laws, Tax Consultancy in Dubai is offering an expense excluded condition, giving you a chance to put your cash and rope in most extreme benefits and advantages.

Ownership

Contrary to Limited Liability Company (LLC) condition where your stake as an outsider is restricted, under Free zones, you get 100% possession on your business. While different business setup in dubai settings require you have a neighborhood support/advertiser, under Free Zones laws, a solitary individual can set up the business.

Ownership and rent alternatives

You are qualified for extra advantages of 25 years of rent choices, having amassing and creation offices and stockroom offices.

Indulge more than one action

If you are searching for Dubai business arrangement, a favorable position you get is that you are not confined to do only one business-related action.

Business secrecy

Bank record rules unwinding: You can open a financial advisory services in dubai balance in your name.

Reasonable reestablishment expenses

Wrap up at your will and watchfulness

Types of Free Zone in the UAE

Normally, the Dubai Free Zones are delineated into different classes relying upon their territory of activity. The accompanying will be useful if you are hoping to set up business in Dubai free zones.

Aviation

Education

Financial

Information and communication technology(ICT)

Information and logistics

Media

Advantages of free zone in uae

In addition to empowering investors, directors, and employees to acquire residency visas in the UAE, the advantages of a Free Zone include:

100% remote possession (no necessity for a neighborhood accomplice/support)

100% repatriation of capital and benefits

100% corporate and individual annual expense exception

Absence of cash limitations

Wide assortment of licensable exercises

Abundant and economic vitality

Modern, proficient correspondences

Logistic efficiencies because of business group impact

Serviced work areas and workplaces for SMEs and new companies

Excellent bolster administrations

Foreign ownership

More profits

Free transfer of funds

Import and export freedom

Cheap workforce and easy recruitment procedures

Virtual offices are provided to start a business with lesser investment.

Nature of Free zone in UAE

The idea of the business movement that you mean to do will affect choosing the Free Zone to meet your prerequisites.

The chief Free Zones and their permit exercises include:

Dubai Multi Commodities Center (DMCC) – Commodities Trade and Exchanges

Jebel Ali Free Zone (JAFZA) – Trading, General Trading, Service, Logistics and Industrial

Dubai International Financial Center (DIFC) – Banking, Financial Services and Legal

Dubai World Central (DWC) – Aviation, Logistics, Light industry, and Ancillary Services

Dubai Knowledge Park (DKP) – Human Resources Management, Training, and Personal Development

Dubai Internet City (DIC) – Internet and Communications Technology

Dubai Media City (DMC) – Media related exercises

Dubai Silicon Oasis (DSO) – Information Technology, Telecom, Electronic and Engineering

Dubai Healthcare City (DHCC) – Healthcare, Medical Education and Research, Pharmaceuticals and Medical Equipment

Ras Al-Khaimah (RAK) – Trading, General Trading, Service, Industrial, and Educational

Fujairah Creative City (FCC) – Media, Consulting, Communications, Design and Technology.

[ponuburo-blog]

The Number One Question You Must Ask for UAE Evisa

http://fr.ivisa.com/uae-e-visa

How to Get Started with UAE Evisa? Yes, it's mandatory that you mention the facts of the local host for your application to be processed. The procedure isn't much difficult or complicated. It may be faster compared to other methods but requires some knowledge and research.

Key Pieces of UAE Evisa There's a parking area where it is possible to leave your vehicle. Tourists wishing to remain in the UAE for over 14 days or those coming on family or company visits may apply for Visit Visas. Instead their stay was limited to the first 30 day period.

If you do intend to work then further checks might be required and there's a risk that entry could be refused. If you own an issue or complaint, below are some measures to think about. The type of visa you will need is based on several things like nationality along with purpose and length of visit.

Details of UAE Evisa Some banks supply the alternative of submitting a carbonized replica of the pay-slip in place of the salary certificate. You might have to supply the salary certificate in accordance with the format mandated by the bank. Attested marriage certificate is sufficient.

Yes, it's simple to acquire online visa for Dubai with minimal budget and in a quick period of time. Also, you've got to reveal your salary in local currency and ought to be matched with the salary certificate given by the organization. When you approach a financial institution or a financial institution for a charge card or a mortgage or private loan or car loan or another sort of loan, they should ascertain your ability to pay back the loan.

To begin with, you should open the web site of Ministry of Interior of UAE. Customers travelling to Dubai are required to receive their visas verified. The building behind is where you'll be issued a new UAE visa at no charge.

If you don't do it, you risk being reported as an absconder and might be arrested if you return to the UAE, even when you are in transit to a different nation. You should know of the simple fact there are many fake and unreliable sources. US citizens have the chance to submit an application for a 1 to ten years multiple entry visa at the Uae embassy in the united states.

The entire procedure is performed online and you won't need to submit your passport and find a uae visa stamped on it. Tourists from the rest of the nationalities must apply to get a visa before they enter the nation. If you're country isn't listed above, then you will have to file uae visa application before your trip.

You must have stamped visa on your passport to submit an application for family visa. Hence, you'll need to cancel your visa and receive a new residence visa. Residency visas often have a validity of two decades.

The certificate needs to be issued by the nation of origin of the individual, or the country where he has been living for the last five decades. Moreover, you can just transfer sponsorships below the exact labour category. The new policies will certainly raise the nation's economy too!

Also note you must be married to sponsor a home maid, be living with your family members and you must not be about the person you plan to hire as a home maid. Many different men and women need visas to go into the nation. Also, you may be needed to present the copies of passports of friends and relatives residing in Dubai.

An official spokesperson from Travel Point confirmed they were aware of the matter. The Service was speedy and prompt. The Visa and Immigration Consultant accounts for helping individuals that are internationally relocating.

[stalawfirm1-blog]

Company Formation in Dubai Knowledge Village - STA Law Firm

Company Formation in Dubai Knowledge Village – STA Law Firm

Company Formation in Dubai Knowledge Village, Company Formation in Dubai, Business Setup in Dubai, Lawyers in Abu Dhabi

Sourced through Scoop.it from: www.stalawfirm.com

COMPANY FORMATION IN DUBAI KNOWLEDGE VILLAGE

http://bit.ly/Dubai-Knowledge-Village

Dubai Knowledge Park (DKP) aims to develop the region’s talent pool and contribute to the UAE as a knowledge-based economy. DKP helps to meet…

[legalworks]

Established in 2000, Dubai Internet City is the region’s largest technology park. The free zone hosts some of the biggest names in the tech industry such as Microsoft, Canon, and Oracle. With almost 24,000 professionals from over 160 countries, it has become a communication and information technology hub. DIC company formation offers its investors with a conducive environment that nurtures business ideas and overall growth. The free zone is equipped with state-of-the-art infrastructure, 12 innovation centres and numerous facilities. It is also closely associated with Dubai Knowledge City and Dubai Media City.

[kevinsmith0110]

Know all about business setup in Dubai Knowledge Park (DKP), a freezone that caters to the development & management of human resources & the promotion of the country as a knowledge-based economy.

[mynamithablr]

Business Learning in Dubai-Types and Activities of Business Licenses

Over the years, Dubai's business development and related services are gaining momentum with increasingly new company registrations being launched each year.

The UAE government continually implements entrepreneur-friendly policies such as Long Term Residence Visa, reducing some set-up fees, etc.

UAE aims to propel its economy to higher heights by attracting more investors into the UAE market and supplying business setups with world-class infrastructure.

UAE Free Sectors, Mainland and Offshore Companies

The Free Zones, Mainland, and Offshore give investors a whole host of options to choose from in UAE for the development of the company.

Depending on the essence of your company, chosen business activities and target audience. In the UAE you want to create your dream company in, you can choose which business jurisdiction.

There is a variety of business activities to choose from, whether you are developing your company in any of the three legal jurisdictions.

The reason for choosing the right business jurisdiction depends primarily on whether you only target international markets or whether you also consider UAE and other GCC markets for your business.

There are a variety of advantages, such as working in the local market, applying for government contracts, setting up your business anywhere in the UAE, no cap on employee visa quotas, the establishment of a limited liability company, etc.

While in the case of free zones, you get benefits like 100 percent foreign ownership, 100 percent profit repatriation, exemption from customs duties, world-class infrastructure, easy business formation, etc.

Types of Business Licenses in the UAE

The selection of the appropriate business license is of paramount importance and is one of the first steps in the establishment process of UAE companies. Business activities in the UAE are divided into four primarily commercial licenses.

The following are the most popular type of Business License available in the UAE.

Commercial License in Dubai

The commercial license for the companies involved in the purchase and sale of products is given at UAE. The Dubai Commercial License allows companies to trade within or outside the UAE.

A list of Foreign Trade Licenses for your specific business practices is available here.

·        Publications and media materials trading

·        Used Furniture trading

·        Oil & gas trading

·        Spare parts trading

·        Gold & precious metals trading

·        Trading in chemicals

·        Trading in Automobile

·        Safety equipment trading

·        And many more

Professional License in Dubai

Every person or business affiliated with using the individuals ' intellectual abilities is expected to have a Professional License to operate their services in Dubai and the rest of the UAE.

If the owner is more than one person, the business enterprise may be registered as a civil works company.

List of business activities that come within the UAE specific category of Professional License.

·        Consultancy & Services

·        Insurance Consultancies

·        Computer Consultancies

·        Information technology Consultancies

·        IT Infrastructure Consultancy

·        Environmental Consultants

·        Tax Consultancy

·        Marketing Consultancies

·        Management Consultancies

·        And many more

Industrial License in Dubai

Industrial License is awarded for companies engaged in industrial and manufacturing activities in Dubai and the UAE. To grant an Industrial License it is mandatory for the organization to have a physical office in the UAE.

Specific types of Industrial Licenses available

·        Garments Manufacturing License

·        Meat products Manufacturing

·        Dairy Products Manufacturing

·        Animal & Birds Feed Manufacturing

·        Carpet Manufacturing

·        And many more

Freelance Permit

Freelancing has earned popularity in the UAE already. Dubai, Abu Dhabi, Ras Al Khaimah, and Fujairah Free Zones provide individuals with Freelance permits.

These permits focus on specialized individuals in the media, technology, art, and entertainment sector to offer their services on a consultancy basis, in addition to their full-time work.

Currently, Dubai Media City, Dubai Knowledge Park, Dubai Internet City, Ras Al Khaimah Free Zone Authority, Fujairah Creative Zone, Twofou54, etc.

The following artistic and advertising practitioners are given freelancer licenses.

·        Actor

·        Animator                                                

·        Audio/Sound Engineer

·        Cameraman

·        Content provider

·        Copywriter

·        Media Specialist

·        And many more

Business License Issuing Authorities in Dubai /UAE

In Dubai, the Economic Development Department (DED) is a government agency that grants business licenses to Mainland companies.

It is the respective Free Zone Authority which issues the business license when it comes to free zones. The same goes for the types of offshore businesses too.

The entrepreneurs are faced with a number of important decisions when starting a new business. The first is, which business activity you will be trading under.

This depends on the industry in which you are dealing and the types of business activities that you wish to pursue.

Choosing the business activity can be quite confusing since there are more than 3000 approved activities to choose from in the UAE as per DED and the UAE free zone authorities.

Because of the excellent facilities and services available, Dubai continues to attract more and more foreign investors.

When you're looking to start reaching the UAE and the world market by setting up your business in Dubai, the most sought after is the Free Zone business licenses.

Free Zones Business Licenses are popular with investors because of their ease of business forming, a wide range of business activities and a host of business benefits.

To know further on Business License types and Company Formation in the UAE, talk to our experts right away!

[safarabbani]

How To Setting Up an IT Consultancy in Dubai

With a few outside financial specialists going to the UAE has prompted the advancement of different ventures. Among these, a blasting industry is IT counseling. With Dubai as a power center point for tech new businesses, IT is getting to be a standout amongst the most huge development areas in the Middle East.

Incited by the Dubai government to streamline center around innovation situated way of life where development will stir Dubai to its ideal course. As indicated by the Dubai Chamber of Commerce, the Dubai tech showcase is speculated to reach AED 22 billion by 2019.

It is the emirate's status – created by Forbes – as the following huge tech startup center point that has truly grabbed the eye of speculators and business people from around the world.

There are different elements to likewise be considered: Dubai's good assessment and traditions rates for one. With around two billion individuals living inside a four-hour trip of the clamoring emirate, Dubai can fill in as an ideal stage to exchange with the blossoming Middle Eastern, Asian, and African market.

So in case, you're good to go to get your IT consultancy work in Dubai, underneath is all that you have to know to begin.

Where To Set Up It Consultancy Firm In Dubai?

With various alternatives on setting up business in Dubai, there are two manners by which to set up an IT consultancy business in Dubai:

1. Free zone organization development

With various approaches to get IT consultancy set up in Dubai, the undeniable advantages of setting up a free zone consultancy are:

0% corporate and individual duty,

100% organization possession

100% repatriation of capital and benefits

With more than 30 free zones to browse – Dubai Knowledge Park (DKP), Dubai Internet City (DIC) and Dubai Silicon Oasis (DSOA) are among the rare sorts of people who respect a tech consultancy business

2. Territory organization development

It is likewise conceivable to set up an IT consultancy on the Dubai terrain. One huge restriction to framing a business, a free zone organization isn't allowed to exchange outside of that free zone and should choose a neighborhood wholesaler so as to give items or administrations on-shore. According to the Federal Law, it is compulsory for a business organization in Dubai to have at least 51% nearby value (investment of UAE nationals).

For what reason to Set Up an IT Consultancy in Dubai?

With Expo 2020 drawing nearer, organizations in the encompassing are putting enormous considers along with innovation foundation to connect with the 25 million extra guests will's identity attracted to the locale. To such an extent that the nearby tech industry is relied upon to develop by an extra 2% previously and amid the event.It is the way that Dubai is such a business epicenter, that makes it the ideal spot to dispatch your IT organization.

The following are not many more purposes behind you to begin an IT consultancy organization in Dubai.

1.Fast and simple business setup

Beginning your IT consultancy organization in Dubai is a rewarding arrangement especially in the event that you set up in a free zone. Many free zones basically require an application alongside shading duplicates of investor and chief international IDs to begin – you may likewise require a marketable strategy. If all is all together, you ought to get your IT consultancy permit in only two working days. What's more, it's moderate, with licenses beginning from just AED 12,500.

2.Set up as a consultant

In the event that you work solo and don't wish to build up another free zone undertaking or territory organization, you likewise have the alternative of setting up as a specialist. You can apply for an independent grant either legitimately to the Department of Economic Development (DED), or from one of Dubai's free zones, for example, DKP. While neither one of the options is especially troublesome, the free zone course is most likely the least demanding. The application procedure is straightforward and your permit is normally issued in 7-10 days.

3.Set up with different investors

While it's anything but difficult to go alone and get your IT consultancy set up in Dubai, this shouldn't imply that you should. The IT consultancy permit is commended with bigger associations too since it takes into consideration setup with different investors.

4.Plenty of visa choices

IT consultancy licenses are basically prevalent with littler organizations as it's conceivable to get numerous visas without committing to physical office space. As approaches vary for each free zone, pick your cards deliberately. Just set up in a free zone, for example, DKP and you can apply for up to six visas for your workers. Should you require more, setting up in the territory is the better choice as it has no upper visa limit. Be that as it may, this is reliant on the extent of your office – the general standard guideline being 100 sq. ft. of office space per visa.

5.Sponsor dependants

Just as having the capacity to apply for visas for you and your representatives, as an entrepreneur in the UAE you can support your dependants for their visas also. Regardless of whether you require a visa for a life partner, kid, house cleaner or driver, the procedure is direct: passage license, status change, a therapeutic wellness test, at that point Emirates ID enrollment and visa stepping. Remember, notwithstanding, that it is somewhat simpler for men to go about as support than it is for ladies. In any case, since this is such a vital piece of the procedure, it's a smart thought to get exhortation from a specialist in setting up UAE organizations to guarantee that before beginning an application, both you and those you are wanting to support meet the section criteria.

6.No paid forthright offer capital

One more factor that makes getting your IT consultancy set up in Dubai so moderate is the forthright offer capital necessity. Regardless of whether you start up in a free zone or on the territory, you are not required to advanced paid up offer capital.

7.Easy to orchestrate your corporate financial balance

When you have your IT administrations permit in the UAE, you'll have the capacity to organize your corporate financial balance – and the application procedure is both brisk and basic. In the event that you've built up your business in a free zone, the important specialists are available to exhort on the best bank to suit your necessities – and can even mastermind gatherings in-branch for you. For those setting up on the terrain, an organization development master can give a similar administration. Or on the other hand on the other hand, you're free to approach any nearby or universal bank individually.

Getting an IT Consultancy License in Dubai

Business set up in Dubai is fulfilling. Some financial exercises don't rely upon the authoritative document or the movement type. They have different laws controlled by DED or the body overseeing the exercises. The records to be submitted with the Department of Economic Development in Dubai and with the UAE Federal Ministry of Economy for the business permit to be issued are:

The first rent contract for the organization's enlisted location the grant issued by the Dubai Municipality Building Department clearing the utilization of the workplace space as a place of work for the organization confirmation of paying the expense for the issuance of the exchange permit In view of these reports, the Department of Economic Development will discharge the business permit for the Dubai organization.

Innovation and Telecom business permit

It incorporates furnishing specialized administrations and consultancies as for data innovation and applications like web, web and information warehousing to upgrade the regulatory and specialized execution in various companies. Notwithstanding offering consultancies, to include proposing the satisfactory programming and taking care of the reviews and concentrates to decide the suitable innovation reliable with the idea of the firm, these organizations are not qualified for market or produce any of the product or items identified with said innovation.

Related Links:

Company formation in Dubai | Business Consultant Dubai | JAFZA offshore | Offshore Incorporation | VAT registration in UAE | PRO Service

[andrewwesleybenjamin-blog]

The business eco-system in the United Arab Emirates is dissected in two sectors – Onshore and Offshore.

The Onshore sector is mastered with regulations over foreign ownership and is ruled by the ideation of local business interests. The Offshore sector includes the Free Zones which are unlocked for the foreign investors. MAGAS, a one-of-its-kind platform supports the foreign investors to setup their business in Dubai’s free zone areas. While considering the company formation process, either for onshore or offshore, the tax system stays mute. What sets the Dubai free zones apart are the custom privileges and the 100% ownership of the foreign investors.

At MAGAS, we offer you with the A to Z company formation services you require to setup your business in the Offshore sector. We have listed down some of the Dubai free zone areas for you to choose the right fit…

Dubai Airport Free Zone Jebel Ali Free Zone Dubai Internet City Dubai Media City Dubai Biotechnology & Research Park Dubai Gold and Diamond Park Dubai Healthcare City Dubai International Financial Centre Dubai Knowledge Village Dubai International Academic City Dubai Logistics City Dubai Outsource Zone Dubai Silicon Oasis Dubai Studio City

And more… Setting up your business in one of the free zone areas, brings to the table a multiple incentive for the investors, they are…

100% Ownership No corporate tax charged for 50 years No personal income tax charged No currency regulations And more…

Setting up a business in the UAE, can be an enticing experience with multiple benefits but considering the risk factors, MAGAS strongly recommends you to have your business plan ready. We can make the entire company formation journey, quick and easy for you. Reach out to our experts and get a consultation for free.

[nccountants007-blog]

LLC Company Formation in Dubai,UAE,Abu dhabi

Reasons To Start Your Own Business In The UAE

Why Choose Dubai As An Investment Location?

The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike. In fact, these advantages not only rank Dubai as the Arabian Gulf’s leading multi-purpose business center and regional hub city, but they place it at the forefront of the globe’s, dynamic and emerging market economies. Dubai, with its ancient commercial and seafaring traditions, has long been recognized as the Middle East region’s leading trading hub and has emerged as its key re-export center. In more recent years, the Emirate has become a major venue for a number of growing, profitable industries and activities .

Political And Economic Stability: Dubai is part of the UAE which is a low-crime and politically-stable country. Also, the UAE enjoys financial and monetary stability. Its well-developed, sophisticated banking system features ,extensive credit facilities and ample liquidity. The Emirate’s emerging capital markets are built on a basis of leading-edge technologies and sound regulatory systems. The government has a long, consistent commitment to pro-business, liberal economic policies including the protection of intellectual property rights. The UAE benefits from stable and harmonious industrial relations. Finally, there is a well defined, sound legal framework for business and a clear set of ownership rules. Foreigners are permitted ownership rights of up to 49% for limited liability companies established within the Emirate of Dubai and up to 100% for professional companies, branches and representative offices of foreign companies and free zones enterprises. All of these factors reflect positively in Dubai’s being assigned an investment grade rating for fixed income investment by Moody’s Investors Service.

Large, available workforce

One of the biggest struggles when starting up any new enterprise is finding the right people to work with. Dubai wins again. Its liberal and cost-effective labour laws, along with its desirable working location, make it both easy and – perhaps most importantly – rather affordable, to recruit employees from almost anywhere in the world. The ease at which expatriate workers – who make up a staggering 90% of the city’s labour force – can enter and exit the UAE also makes it easier for businesses .

Ease of starting your own business

New markets, new consumers, the rise of Internet technology – Dubai is a land of booming opportunities.

A recent survey by HSBC revealed that Dubai is ranked second-best city in the world after Singapore for expats looking to start a business. The survey highlights that the UAE’s entrepreneurial environment, job prospects and better salaries as primary factors attracting expats from across the world.

“Despite the volatility in the global economy and insecurity in job markets, the UAE’s diverse business landscape and its position as a hub in the Middle East means that it continues to be an attractive destination for expats from across the world,” .

No Taxation.

The UAE’s economy in general is considered to be the most liberal and most diversified in the region. Dubai applies NO TAXATION policy for almost all types of business activities with exception of branches of international banks, hotels and major oil and gas companies. The following taxes are NOT applied in Dubai:

Personal income tax;

Capital gains tax;

Value-added tax;

Withholding tax;

Corporate tax.

Dubai Free Zones.

Free Zone is a designated tax-free area, where foreigners can set up and do business in Dubai with full ownership and without partnering with a local emirati partner or agent. All Free Zones vary from one to another and offer licenses in various sectors. For example, there is a Free Zone for healthcare providers (Dubai Healthcare City or DHCC); there is a Free Zone for educational and training institutions (Dubai Knowledge Village); there is a Free Zone for media companies (Dubai Media City), there is a Free Zone for financial institutions and services providers (Dubai International Financial Center or DIFC) and many others. There are more than 20 Free Zones currently operating in Dubai itself.

Residency Visa.  

If you have a company in Dubai and in other Emirates of the UAE in general, you will be eligible to get a UAE Residency Visa for yourself, your family members and for your expatriate employees. Having a UAE Residency Visa will give many benefits such as:

you can open a current account in UAE Banks

you can lease an apartment for long-term basis

you can enter/exit to/from UAE multiple times

you can get visas for other countries  more easily as a resident in the UAE.

Logistics and Infrastructure

Dubai enjoys the position of a significant player in international trading and transport logistics. It has the advantage of its inherent strategic location on the globe. Dubai is in the middle of far east and Europe and situated at the crossroad of international trade between east and west. Due to its geographical location, Dubai is considered to be the gateway to the world’s most progressive markets, including Africa, India and china.

Air

Dubai offers immense facilities in air transportation and air cargo. Dubai has two airports Dubai international airport and Dubai World Central (Al Maktoum International Airport). Dubai international airport is one of the busiest international airports in the world. It has world’s largest cargo hub known as cargo village, most of the cargos for Asia & Africa are using this cargo village. Dubai world central is operational but it is still in developing phase. DWC is located in Dubai south district which is also future home for expo 2020 site. Once completed and start operation in full capacity it will become world’s largest airport and multi-model logistic hub with the capacity of 160 million passengers and 12 million tons of cargo per year. DWC is an integrated project of six clustered zones Dubai logistic city, commercial city, residential city, aviation city and the golf city. Dubai logistics city is one of the largest industrial submarkets under construction. According to the latest research from cluttons, international real estate consultancy it has already attracted a number of high-profile players including integrated national logistics, emirates, sky cargo, Aramex etc. DWC has one more speciality. It has world’s only 7- star airport terminal for private aviation.

Sea

Dubai’s Jebel Ali port is the largest port in the middle east, it is likely to become the biggest container port in the world. The government of Dubai and DP world are working on the expansion plan of Jebel Ali port. According to the official statement, the current plan will multiply the total capacity of Jebel Ali port by seven, making it world’s biggest port, surpassing the ports of shanghai and Singapore. India and china are using it as a logistical hub for their African ventures. Due to its strategic location port is providing market access over 2 billion people across six continents. It is a gateway for over 90 shipping services connecting 140 ports in the world. The strategic geographical location and facilities made it the busiest port in the middle east, according to a research report revealed by arabiansupplychain.com based on statics of 2015. Port Jebel Ali is linked to Dubai’s express-way system and to the Dubai international airport cargo village. The rapid transportation facilities available in Dubai made it possible to achieve ship-air and air-ship connectivity in four hours. Dubai has two more ports Port Rashid and Al hamriya.

Land

Dubai has one of the best road infrastructures in the world. According to world economic forum’s travel and tourism report (2013), the UAE has been rated second best in the quality of roads. Dubai is known for wide roads with disciplined traffic and centralised monitoring system by high-tech cameras and radar. The Dubai metro is world’s largest automated driverless train system, with more than 70 Km of magnetic tracks. The government is working on an extension of the metro route and connecting metro to expo 2020 site. Soon Dubai will enjoy connectivity with 1200 km long Etihad railway network. This network will connect all major population, trade and industrial zones across UAE. This will fulfill freight & passenger needs. Dubai will be connected with GCC rail network also. GCC railway is 2,117 km long rail network this will connect all six countries of gulf corporation counsel. Transportation of goods will become easy for UAE, Saudi Arab, Kuwait, Qatar, Bahrain, Oman. The Dubai government is developing 500 Km road network and 120 multilevel interchanges by investing $ 12 billion. The development work is expected to complete before expo 2020.

Local culture and heritage Although Arabic is official language; English is the most widely spoken language in business rooms.  The company is hospitable and is ranked safe place to work. You get a chance to enjoy the delectable local cuisine and Arabic culture in forms of art, music and architecture.

Before we conclude, we‘ll do a bonus section on major UAE cities which you can eye for a business setup.

Dubai: It is the most cosmopolitan city in all of UAE, tourists from all over the world visit Dubai for its shopping experience.

Abu Dhabi: Home to the richest, it is also the most planned and organized business center in UAE,

Sharjah: Sharjah airport international freezone is a premier freezone which attracts foreign investors.

Jebel Ali: It is a free zone on the western side of Dubai. Ready made facilities like business parks, office spaces are available for the customers.

Fujairah: The Fujairah freezone is an upcoming one and is attracting shipping and transport companies from all over the world.

So, are you excited to start up your own venture in the UAE?  If yes, then prep up your business idea and get in touch with international business consultant in UAE ,Namaccountants -who have guided thousands of business owners for successful business setup in this region.

With Namaccountant team’s international business men and local Middle Eastern exposure, you can rest assured that your business setup is taken care of.

Have more questions on how to go about?

Write to us at  Info@namaccountants.com

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Company Formation in Dubai Knowledge Village - STA Law Firm

Company Formation in Dubai Knowledge Village – STA Law Firm

Company Formation in Dubai Knowledge Village, Company Formation in Dubai, Business Setup in Dubai, Lawyers in Abu Dhabi

Sourced through Scoop.it from: www.stalawfirm.com

COMPANY FORMATION IN DUBAI KNOWLEDGE VILLAGE

http://bit.ly/Dubai-Knowledge-Village

Dubai Knowledge Park (DKP) aims to develop the region’s talent pool and contribute to the UAE as a knowledge-based economy. DKP helps to meet…

[voguepay]

Headline News from PaymentsNews.com - July 18, 2017 http://ift.tt/2uz6tJo

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments consulting and education services to payments professionals worldwide!

ON THE WEB

P2P Payment Transactions to Exceed $120 Billion This Year - eMarketer - "The use of mobile peer-to-peer (P2P) payment apps such as Venmo in the US will continue to grow by double digits through 2021, according to eMarketer’s latest mobile banking and payments forecast."

Instant bank transfers are coming to PayPal and Venmo - TechCrunch - "PayPal announced this morning a plan to speed up money transfers between its service, Venmo and users’ bank accounts for those with supported MasterCard and Visa debit cards. This new “instant transfers” service will be available at a rate of $0.25 per transaction, and will deliver funds in a matter of minutes, instead of the day or so it typically takes when using PayPal or Venmo."

Mastercard to buy AI outfit Brighterion - Finextra - "Mastercard is looking to boost its fraud detection capabilities through the acquisition of artificial intelligence specialist Brighterion. Financial terms of the deal were not disclosed."

QR code takes a baby step in world conquest as group adopts global cashless payment format - South China Morning Post - "EMVCo, a consortium for smart payments that’s collectively owned by American Express, Visa, Mastercard and UnionPay, on Saturday published the first version of QR code specifications, or the industry standard for the payment format, a year after UnionPay proposed a safe and open global system."

Mastercard And Visa Lose Share To UnionPay In Global Cards Market - Payments Afrika - "According to RBR’s Global Payment Cards Data and Forecasts to 2022 study, the continued rapid expansion of the Chinese cards market has helped UnionPay to increase its share of cards to 43% in 2016, and extend its lead over Visa and Mastercard. UnionPay has been the largest scheme globally for card numbers since 2010 and, by the end of 2016, there were more than six billion UnionPay-branded cards in circulation."

Apple unveils promotional campaign to win Chinese consumers to Apple Pay - South China Morning Post - "Between July 18 and 24, consumers using Apple Pay to make payments in designated online and offline merchants in mainland China that display the logo of UnionPay’s quick pass facility will receive discounts of up to 50 per cent and as much as 50 times the usual amounts of reward points for credit cards, according to Apple’s official Chinese website."

UK’s digital-only Starling Bank adds Apple Pay support - TechCrunch - "Digital-only UK “challenger” bank, Starling Bank, has added support for Apple Pay — meaning its customers can now add their Starling debit card to their Apple Wallet and make contactless payments drawing from funds in their Starling account via their Apple devices."

Dubai’s Nol cards can now be used for payment at 1,000 retail units - Gulf Business - "Dubai’s Roads and Transport Authority (RTA) has announced that Nol cards can now be used to make payments at more than 1,000 selected retail outlets across in the emirate. Nol cards are used to pay for public transport systems such as the Metro, Tram, buses and water taxis. It can also be used to pay for parking at public metres."

left image0left image0left image0left image0left image0left image0Jumio adds eyeball tracking to Netverify - Finextra - "When verifying an identity, in addition to conducting a “liveness” check to ensure a real person is holding the device, Jumio will require users to follow an icon on the mobile device screen with their eyes as it moves in a random pattern. This technology will be available to all Netverify users, including banking institutions, sharing economy providers, online gaming and travel companies."

Next-Gen Subway Restaurants offer Apple Pay at Self-Serve Kiosks along with USB Charging & Complimentary Wi-Fi - Patently Apple - "This morning Subway announced their new restaurant design and customer experience. Trevor Haynes, Vice President of Operations at Subway stated for the occasion that "We've created a modern design that gives our guests choices – from how they order, to how they pick up their food, to how they enjoy their meal. The reactions from our guests, our franchisees and the Sandwich Artists has been incredibly positive." "

Swatch partners with eleven Chinese banks for second-generation payments watch - NFC World - "Four new NFC smart watches that make use of China UnionPay’s cloud-based payments service have been unveiled in Shanghai by Swatch Group CEO Nick Hayek."

Cryptocurrencies are crashing, but bitcoin isn’t falling as badly as the rest - Quartz - "Cryptocurrency markets are crashing. Bitcoin’s price has fallen by about 20% in the last seven days, wiping out $7 billion of market value. But it’s doing better than other major cryptocurrencies like ether and ripple, which have lost 30% or more."

Hacker Uses A Simple Trick to Steal $7 Million Worth of Ethereum Within 3 Minutes - Th Hacker News - "The heist happened after an Israeli blockchain technology startup project for the trading of Ether, called CoinDash, launched an Initial Coin Offering (ICO), allowing investors to pay with Ethereum and send funds to token sale's smart contact address. But within three minutes of the ICO launch, an unknown hacker stole more than $7 Million worth of Ether tokens by tricking CoinDash's investors into sending 43438.455 Ether to the wrong address owned by the attacker."

ON THE WIRES

Mastercard Enhances Artificial Intelligence Capability with the Acquisition of Brighterion, Inc. - "Mastercard Enhances Artificial Intelligence Capability with the Acquisition of Brighterion, Inc."

At Mid-Year, U.S. Data Breaches Increase at Record Pace - "The number of U.S. data breaches tracked through June 30, 2017 hit a half-year record high of 791, according to recent numbers released by the Identity Theft Resource Center (ITRC) and CyberScout. This represents a significant jump of 29 percent over 2016 figures during the same time period. At this pace, ITRC anticipates that the number of breaches could reach 1,500 in 2017, a 37 percent annual increase over 2016, when breaches reached an all-time record high of 1,093."

MagnaChip Selected as Foundry Partner by ELAN Microelectronics For World's First Fingerprint Sensor IC-Based Smartcard - "MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, industrial and automotive applications, announced today it was selected as a foundry partner by ELAN Microelectronics to manufacture the world's first fingerprint sensor IC-based smartcard. The smartcard uses biometrics technology that provides secure identification to prevent credit card fraud, a severe and growing problem globally. The sensor-IC based smartcard will be manufactured utilizing MagnaChip's 0.35 micron Mixed Signal Thick IMD manufacturing process technology."

GLENBROOK PAYMENTS EDUCATION EVENTS

Understanding the accelerating pace of change in the payments industry has never been more important. Get the knowledge you need fast at one of our two day Payments Boot Camps. Our one day Insight Workshops follow each Boot Camp and are deep dives into key topics. Take a discount for attending all three days. Here's our fall schedule:

Payments Boot Camp, October 3-4, 2017, San Jose, CA, Logistics

Payments Boot Camp, October 17-18, 2017, NYC, NY, Logistics

Payments Boot Camp, December 5-6, 2017, Palo Alto, CA, Logistics

Global Payments, October 5, 2017, San Jose, CA, Logistics

Digital Payments, October 19, 2017, NYC, NY, Logistics

Innovation in Payments, December 7, 2017, Palo Alto, CA, Logistics

For more, click here. We hope to see you soon!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

We're hiring! Passionate about payments? Love solving tough client problems? If that describes you, come join us! Click here to learn more!

Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

from Payments News - from Glenbrook Partners http://ift.tt/2uz6tJo via IFTTT

[ottoiraq1-blog]

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Company Formation in Dubai Knowledge Village - STA Law Firm

Company Formation in Dubai Knowledge Village, Company Formation in Dubai, Business Setup in Dubai, Lawyers in Abu Dhabi

STA Law Firm | Lawyers in Dubai | Top Law Firms in Abu Dhabi | UAE's insight:

Dubai Knowledge Village

 http://bit.ly/Dubai-Knowledge-Village

 Dubai Knowledge Park (DKP) aims to develop the region’s talent pool and contribute to the UAE as a knowledge-based economy. DKP helps to meet business needs by offering training and skills development programs.

 Continue reading