#DIFC License Fees

[himaja1]

https://10leaves.ae/publications/difc/category-4-difc-investment-advisor-and-arranger-license

[gtmmee]

Dubai Freezone Company Setup: A Comprehensive Guide

What is a Dubai Freezone?

A Dubai Freezone is a designated economic area where businesses can operate with a special legal framework that differs from mainland Dubai. These zones are specifically designed to attract foreign investment by offering tax benefits, 100% foreign ownership, and minimal bureaucracy. Each Freezone caters to specific industries, such as technology, media, logistics, healthcare, and more. This specialization makes it easier for businesses to find the right environment for their operations.

Benefits of Setting up a Dubai Freezone Company

100% Foreign Ownership

One of the biggest advantages of starting a business in a Freezone is that foreign investors can retain full ownership of their company. Dubai Freezone Company Setup This is in contrast to mainland businesses, where local sponsorship is required.

Tax Exemptions

Freezone companies enjoy significant tax benefits, including corporate tax exemptions for up to 50 years. There are also no personal income taxes or import/export duties, making it a cost-effective option for business owners.

Repatriation of Profits

Freezone companies can repatriate all profits and capital, allowing business owners to transfer their earnings back to their home country without restrictions.

Ease of Setup

The company formation process in Dubai Freezones is streamlined, with minimal paperwork and reduced bureaucratic hurdles. Additionally, most Freezones offer one-stop-shop services for licensing, visa processing, and other regulatory requirements.

Strategic Location

Dubai's Freezones are strategically located near major seaports, airports, and business districts. This makes them ideal for companies involved in logistics, international trade, and other industries that benefit from seamless connectivity.

Wide Range of Business Activities

Freezones offer flexibility in terms of the types of business activities that can be conducted. Whether you are in manufacturing, trading, IT services, or consulting, there is a Freezone that fits your business needs.

Steps to Setting up a Freezone Company

Select the Right Freezone

The first step is to choose the Freezone that aligns with your business activities. Popular options include Dubai Multi Commodities Centre (DMCC), Dubai Silicon Oasis (DSO), Jebel Ali Free Zone (JAFZA), and Dubai International Financial Centre (DIFC). Each Freezone has its own set of rules, fees, and regulations, so it’s crucial to pick the one that best suits your industry.

Determine the Legal Structure

Freezone companies can be established as Freezone Establishments (FZE) with a single shareholder or Freezone Companies (FZC) with multiple shareholders. Your legal structure will depend on the number of partners and the type of business.

Apply for a Business License

Depending on your business activity, you will need to apply for the appropriate license. Common types include trading licenses, industrial licenses, and service licenses. Each Freezone offers various categories of licenses, so ensure you select the right one for your business.

Submit the Required Documents

To register your company, you will need to provide documents such as passport copies of shareholders, a business plan, and proof of address. Some Freezones may also require additional documents depending on the type of business.

Lease an Office Space

Most free zones require companies to have a physical office or flexi-desk within the zone. Office leasing is a mandatory part of the setup process, Low Cost Business Setup In Dubai and options range from serviced offices to full-fledged warehouses.

Obtain Visas

Once your company is registered, you can apply for residence visas for yourself, employees, and dependents. Freezones often offer visa packages based on the size of the company and its office space.

[smartfx]

Dubai: The Bustling Financial Hub of the Middle East and a Haven for Traders

Dubai has acquired its reputation as a thriving, quickly expanding trading city. It is frequently referred to as the financial center of the Middle East. Due to its advantageous geographic position, first-rate infrastructure, and forward-thinking legal system, the city attracts both domestic and foreign companies. Dubai has been a popular destination for traders from all over the world as a result of the growth in trading platforms that coincides with the expansion of global trade.

We’ll look at a few of the best trading platforms in Dubai that have become popular in this post. We’ll examine the features, costs, and user experiences of online brokerages and forex platforms in order to assist traders — whether seasoned pros or novices — in making wise choices.

Why Traders Love Dubai as a Destination

Dubai’s trading industry is supported by a number of important advantages:

A favorable business environment is provided by Dubai, which attracts merchants and firms with its zero capital gains tax, low import taxes, and tax-free income.

Strategic Location: Dubai’s location at the intersection of Europe, Asia, and Africa makes it simple to reach important markets. Modern trading facilities, a dependable banking system, and cutting-edge technology are all features of the city’s advanced infrastructure.

Encouraging Regulatory Environment: The industry is governed by the UAE Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA), which guarantee openness and safeguard investors. These elements provide the ideal setting for traders and companies to prosper, especially when paired with Dubai’s standing as a major international financial center.

Important Things to Think About in Dubai Trading Platform Choosing It can be difficult to choose the best trading platform due to the abundance of options. The following are important things to think about:

Regulation: Verify whether respectable organizations such as the DFSA or SCA are licensing and overseeing the platform.

Fees: Keep an eye out for charge structures that are clear, including spreads, commissions, and withdrawal costs.

User Experience: Both novice and seasoned traders should have an easy time using a platform that is clear and easy to use.

Asset Availability: Cryptocurrencies, equities, currency, and commodities are just a few of the many assets that certain platforms provide. Pick one based on the type of trading you enjoy.

Customer support: In particular, when problems emerge, excellent customer service can make all the difference.

Resources for Education: A few platforms offer webinars, market analysis, and instructional materials that are especially helpful for new users.

Dubai Trading Regulations and Legal Considerations

Due to strict regulations surrounding trading, investors are protected in Dubai. The Securities and Commodities Authority (SCA) is in charge of the larger UAE market, whereas the Dubai Financial Services Authority (DFSA) governs trading platforms within the Dubai International Financial Centre (DIFC). Strict control is maintained by these regulators in order to guard against fraud, enforce compliance, and guarantee openness.

Make sure the platform has a valid license from the appropriate regulatory agency before you trade. This guarantees defense against con artists and dubious service suppliers.

How to Register for a Trading Platform Account in Dubai

Select a Platform: Choose one of the regulated platforms mentioned above based on your trading objectives and requirements.

Publish the Documentation: Usually, you’ll have to provide confirmation of residency (bank statement or utility bill) as well as proof of identity (passport or national ID).

Put Money Into Your Account: The majority of platforms provide a variety of funding choices, such as e-wallets, credit cards, and bank transfers.

Get Trading: You can begin trading as soon as you have funded your account.

Resources and Tools for Traders in Dubai

Dubai’s trading community has access to numerous resources, including:

Trading Education: Many platforms offer free webinars, tutorials, and market analyses.

Financial News: Stay up-to-date with global and regional news via financial news outlets such as Bloomberg Middle East and Gulf News.

Trading Tools: Leverage platforms with advanced charting tools, market analysis, and automated trading options.

Whatever your level of experience, choosing the correct trading platform is essential to your success. To make an informed choice, take into account the platform’s regulation, costs, usability, and asset availability. Dubai’s cutting-edge infrastructure, regulatory frameworks, and friendly business climate will put you in a strong position to prosper in the rapidly expanding trading market of this thriving financial center.

[optionperks]

Upcoming IPO: Nisus Finance Services files DRHP to launch BSE SME IPO Nisus Finance Services Co Limited has filed a Draft Red Herring Prospectus (DRHP) to launch its initial public offering (IPO). The company filed its DRHP at BSE, which means the NBFC aims to launch a BSE SME IPO. The upcoming IPO consists of equity shares with a face value of ₹10, of which 57,80,000 are a fresh issue and 7,20,000 equity shares are offered as part of an Offer for Sale (OFS).

The NBFC aims to enhance fund setup, obtain additional licenses, and improve facility and fund management infrastructure in vital financial hubs like IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius. It also plans to cover fundraising costs and placement fees for domestic and international markets, invest in its Associate Company, Nisus Fincorp Private Limited, boost its capital base, and address general corporate purposes. For the period ended 31st January 2024, the company reported revenue of ₹3,077.21 Lakhs and EBITDA of ₹2,459.95 Lakhs & PAT of ₹1,687.96 Lakhs.

With a decade-long presence in India and managing assets worth approximately ₹1000 Crore as of FY 2024, Nisus Finance leverages local market knowledge and proprietary data to deliver superior solutions. The company's strategic execution and industry insights underpin its reputation as a trusted partner in the financial sector. Nisus Finance Services Co Limited, promoted by industry veteran Mr. Amit Anil Goenka, specializes in urban infrastructure financing and private capital market transactions. Operating under the "Nisus Finance Group" or "NiFCO" brand, it has emerged over the past ten years as an "Excellent" rated fund manager by CareEdge Ratings, focusing on diversified AIF Funds and asset Management.

OPTION INDEX STRATEGY EXECUTOR

[idarahcorporateuae]

Establish Your Business with Ease: DIFC Company Formation and Affordable Business Setup in KSA

Establishing a business in the Middle East is a strategic move for many entrepreneurs and corporations. The region offers diverse opportunities and a thriving market environment. Two prominent locations for business setup are the Dubai International Financial Centre (DIFC) in the UAE and the Kingdom of Saudi Arabia (KSA). In this blog, we'll explore the nuances of company formation in DIFC, low-cost business setup in KSA, and the corporate services available to facilitate these processes.

Company Formation in DIFC

The Dubai International Financial Centre (DIFC) is a leading global financial hub. It offers a conducive environment for businesses, especially in finance and related sectors. The benefits of setting up a company in DIFC include:

1. Strategic Location: Situated in Dubai, DIFC provides access to the Middle East, Africa, and South Asia.

2. Regulatory Framework: DIFC operates under a robust regulatory framework that ensures transparency and security for businesses.

3. Tax Advantages: Companies in DIFC benefit from a zero percent tax rate on profits and 100% foreign ownership.

4. Infrastructure: World-class infrastructure and facilities support business operations seamlessly.

The process of company formation in DIFC involves several steps, including choosing the type of entity, preparing necessary documents, and complying with DIFC's regulations. Seeking professional corporate services can simplify this process, ensuring all legal and administrative requirements are met efficiently.

Low-Cost Business Setup in KSA

Saudi Arabia is rapidly becoming a preferred destination for business setup due to its economic reforms and initiatives to attract foreign investment. Entrepreneurs looking for a low-cost business setup in KSA or low-cost business setup in Saudi can benefit from the following:

1. Economic Reforms: Vision 2030, Saudi Arabia's ambitious development plan, focuses on diversifying the economy and reducing dependence on oil. This has led to significant improvements in the business environment.

2. Incentives for SMEs: The Saudi government offers various incentives for small and medium-sized enterprises (SMEs), including financial support and simplified registration processes.

3. Special Economic Zones (SEZs): SEZs in KSA provide tax benefits, reduced customs duties, and other incentives to attract businesses.

4. Affordable Licensing Fees: Compared to many other countries, the licensing fees for setting up a business in KSA are relatively low, making it an attractive option for cost-conscious entrepreneurs.

Corporate Services in DIFC

Setting up a company in DIFC requires adherence to specific regulatory and legal requirements. Professional corporate services in DIFC can provide valuable assistance in various areas, including:

1. Company Registration: Assistance with the registration process, ensuring all documentation is correctly prepared and submitted.

2. Legal Compliance: Ensuring the business complies with DIFC's regulatory framework and ongoing legal obligations.

3. Office Space Solutions: Providing access to premium office spaces within DIFC, tailored to the needs of different businesses.

4. Financial Services: Offering financial management services, including accounting, auditing, and tax planning, to ensure the business operates smoothly.

Conclusion

Both DIFC and KSA offer unique advantages for business setup. Whether you're looking at company formation in DIFC for its strategic benefits and robust infrastructure or exploring a low-cost business setup in KSA for its economic incentives and supportive environment, understanding the local regulations and leveraging professional corporate services is crucial. By doing so, you can navigate the complexities of setting up a business and position yourself for success in these dynamic markets.

Source: https://idarahcorporate.blogspot.com/2024/07/establish-your-business-with-ease-difc.html

[aristotle-tax-consultancy]

Demystifying Dubai Incorporation: A Step-by-Step Guide for Business Expansion

Dubai, the City of Gold, beckons entrepreneurs with its glittering promise of growth and prosperity. But amidst the awe-inspiring skyline lies a process crucial to unlocking this potential: company incorporation. Fear not, intrepid investor! Aristotle Tax Consultancy, your trusted navigation guide through the UAE's business landscape, presents a step-by-step breakdown of incorporating your company in Dubai:

1. Choose Your Legal Form:

Free Zone Company: Ideal for international trade and specific industries, offering 100% foreign ownership and tax exemptions. Popular choices include Jumeriah Lake Towers (JLT) and Dubai International Financial Centre (DIFC).

Mainland Company: Grants access to the local UAE market, requiring local sponsorship (except for specific activities).

2. Select Your Business Name:

Ensure name availability through a pre-approval check.

Choose a name reflecting your brand identity and complying with UAE naming regulations.

3. Obtain Initial Approvals:

Secure initial approval from the relevant Department of Economic Development (DED).

Free zone companies may require additional approvals from the free zone authority.

4. Prepare Essential Documents:

Memorandum of Association (MOA) outlining company structure and objectives.

Local Service Agent Agreement (LSA) for mainland companies (except for specific activities).

Shareholder and director identification documents.

Business plan (optional).

5. Register Your Company:

Submit documents and fees to the chosen DED or free zone authority.

Attend a company formation meeting (if required).

6. Obtain Trade License:

Receive your trade license, the official permit to operate your business.

7. Open a Corporate Bank Account:

Choose a bank and complete account opening procedures.

8. Comply with Ongoing Requirements:

Maintain relevant licenses and registrations.

File annual reports and audits (if applicable).

Meet visa and immigration requirements for employees.

Remember:

This is a simplified overview. Seek professional guidance from Aristotle Tax Consultancy for tailored advice and support throughout the process.

Each free zone and mainland location may have specific requirements.

Compliance with legal and regulatory frameworks is crucial.

Unlocking Dubai's potential starts with a smooth incorporation process. Partner with Aristotle Tax Consultancy to navigate the legalities, save time, and focus on your business dreams. Contact us today!

[businessincorporationzoneuae]

What is a Free Zone Business?

For entrepreneurs and Indian investors interested in exploring this industry, Dubai provides a wide range of attractive opportunities. You have the choice of registering your business in a free zone or on the mainland in Dubai.

Additionally, businesses of all kinds and types prosper in the UAE, enabling foreign nationals to pursue their aspirations in the area. After you arrive in Dubai, you must choose the location of your business's launch.

It can be a mainland business established in Dubai, where you can easily access the local market and create an LLC with 100% ownership. As an alternative, you might select any of the free zone administrations.

Business owners can easily get in touch with Business Incorporation Zone experts. We handle every legal aspect of company formation services in Dubai

An independent jurisdiction with its own rules and regulations oversees a free trading zone. Additionally, it differs between free zones, and you have a choice of any of the more than 40 free zones in the UAE.

Additionally, many specialized free zones, including the DMC (Dubai Media City) for media and public communication and the DIFC (Dubai International Financial Center) for financial firms, serve specialty sectors.

A free zone business structure is affordable and offers a positive work environment where several businesses can coexist and grow. So, if you pick the appropriate free zone, your business will expand swiftly.

Look over the aspects of the setup freezone company in UAE listed below. After that, evaluate its suitability for your firm in light of your business model:

Low entry barrier:

Small businesses and startup companies in Dubai don't have to worry about high upfront fees when choosing a free zone company setting. Free zones have slightly reduced startup costs and overall business setup costs when compared to Dubai's mainland.

Infrastucture:

The pre-built offices, warehouses, and other facilities offered by the free trading zones are customized to your business's requirements. Data centers with many levels, a solid IT infrastructure, and simple access to all forms of transportation are all provided.

Benefits of setting up business in freezone:

Anyone can register a free zone company in Dubai, whether they are an aspiring Indian businessman or a local investor. Additionally, for company establishment in the free zones, foreigners need the assistance of a local service agency. Despite helping with paperwork and company registration, they won't have any official authority within the company.

Because free zones have their own laws and focus on particular economic sectors, your private information is never made available to the wider public. Additional corporate support in the form of resources, labor, and other factors is also provided by these distinct legislation.

You can repatriate 100% of your profits if you start a corporation in a free zone in Dubai. Additionally, both personal income tax and capital gains tax are completely waived for you. Additionally, there are seldom any taxes levied on import and export levies.

The performance of your firm in the UAE is greatly influenced by its location. If you don't pick the right one right away, you'll have to pay overhead expenditures like moving expenses.

It is, therefore, best to work with Business Incorporation Zone because our legal professionals will take care of everything for you. We cover every facet of start a business in Dubai, such as paperwork, finance, and licensing.

[wavetrendz]

Forex Signals Subscriptions UAE – Wave Trendz

    Trading Signals in Wave Trendz allow you to automatically copy the deals performed by other traders in real time. Many successful traders provide their Forex trades in public access either for free or for a reasonable fee, becoming signal providers.

The showcase of 3 200+ free and commercial signals can be found on the website and on the Signals tab of your trading platform. For your convenience, all signal providers are sorted by their trading results. The most successful ones are displayed at the top of the list. Select your signal provider, subscribe to their signal, and start copying their deals both on demo and real accounts without leaving Wave Trendz. The signal does all the work for you according to the parameters of trading you will set!

UAE offers innumerable opportunities for foreign companies to trade Forex Signals Subscriptions UAE, CFD and binary options. Being one of the pertinent financial centers in the Middle East, Dubai and the other Emirates of UAE serve as a base for many forex traders or brokers and other online trading activities.

Securities Commodities Authority  of UAE is the regulatory authority for governing all non-banking financial activities including but not limited to forex trading, CFD and other online activities. SCA’s primary objective is to enhance the capital market and stimulate economic growth of the UAE. They are attracting foreign investments by offering a steady channel and environment to invest in forex. Besides, the Central Bank of UAE also regulates all forex brokers, whereas SCA issues the licenses.

In parallel with SCA, UAE also has two financial free zones namely Dubai International Financial Centre in the Emirate of Dubai and Abu Dhabi Global Market in Abu Dhabi offering activities of Forex Trading, CFD and other online non-banking financial trading. Dubai Financial Services Authority in DIFC is an authority explicitly established to regulate forex brokers or companies performing non-banking financial activities incorporated in DIFC.

It is undoubtedly legal to trade in forex through local brokers regulated by Wave trendx, Central Bank or other regulatory authorities. Pertinently, any natural or legal person willing to offer such non-banking financial services within UAE must establish an entity in the country either in the mainland or in any financial free zone as referred above, in accordance with the laws and regulations of the country. 

UAE strictly prohibits any entity dealing in forex or another online trading without having a proper license in UAE, obtained through appropriate channels. This is in accordance with Article 6 of the Law number 13 of 2011 regulating Economic Activities in the Emirate of Dubai and Article 328 of the Federal Law Number 2 of 2015 concerning the Commercial Companies Law which confirms that any foreign company cannot conduct activities within UAE without obtaining a proper license. Wave trendz, the company to provide Forex and CFD services in UAE must primarily obtain a permit from either SCA, DIFC, ADGM or any other regulated free zone offering such activities.

Accessible Alternatives

UAE offers a variety of business registrations for foreign investors willing to register for forex trading. Considering it is a regulated activity in UAE, obtaining a license from any free zone would not suffice your purpose. 

For more details visit our website: Forex Signals Subscriptions UAE

Contact: +971 553903113

Address: Flat No 301,Hari Krishna Residency,Opp Goutham Model School, 500035, Gayatri Vihar.

Twitter: https://twitter.com/Wave_Trendz

Youtube: https://www.youtube.com/channel/UC-2tNbtXshBYmA7xJzSdqNA

[technologyinfosec]

DIFC drives finance sector growth

Shrugging off slowdown in the financial sector and macro-economy, Dubai International Financial Centre (DIFC) marched ahead in 2019, attracting more companies in the first half of this year that will further cement the emirate's position and ranking among the world's top financial centres. The region's largest financial centres said the number of companies increased 14 per cent, or 250 new firms, in January-June 2019 period to 2,289. It also houses now more than 671 finance-related firms, an increase of 11 per cent. The addition of new firms resulted in creation of 660 new jobs, taking combined workforce in the financial centre to more than 24,000. Some of the big financial firms, which joined DIFC include Maybank Islamic Berhad from Malaysia, Cantor Fitzgerald from the US, Atlas Wealth Management from Australia and Mauritius Commercial Bank. In addition, leading non-financial firms including Guidepoint MEA, Medtronic Finance Hungary Kft. and Network International. "Dubai continues to gain recognition on the global stage as the destination where business meets innovation, and the DIFC has been a significant driver of this. The strong performance that the Centre has delivered during the first half of 2019 highlights the confidence and trust that international financial institutions have in Dubai," said Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the DIFC. Recently, DIFC announced four new licences at a reduced fees to make it more competitive at the global level and attract foreign multinationals. The four new licences are categorised in to short-term licences, restricted licences, commercial permissions and dual licences which would allow more firms to conduct business from the centre. In March 2019, Dubai jumped three places to 12th ranking in The Global Financial Centres Index 2019, helped by the strong role played DIFC in strengthening the emirate's position among the world's top financial centres. Dubai was rated ahead of Boston, Shenzhen and Melbourne in the ranking. Importantly, occupancy rate at DIFC-owned building stood at 99 per cent during January-June 2019 period. Jitendra Gianchandani, chairman and managing partner of Jitendra Consulting Group, said 14 per cent year-on-year growth is impressive considering slowdown across the region. "I think growth is mainly because of DIFC's 15-year of long consistent track record in MEASA region, consistent and transparent legal framework, world-class infrastructure, availability of the qualified manpower and lastly trust and confidence in the UAE's visionary leaders," Gianchandani said. "The centre remains a fundamental driver in leading financial sector transformation, supporting the advancement of the UAE economy, and developing the next generation of financial professionals," said Essa Kazim, governor of DIFC. DIFC is undergoing massive expansion under 2.0 plan, which will triple the scale of the financial hub. The number of Fintech firms more than doubled from over 80 to 200 in the first six months of 2019. Similarly, the number of licensed FinTech firms operating in the DIFC increased from 35 to more than 80 in the first half of 2019. Key international FinTech firms that have made the Centre their MEASA base include Dublin-based software company Fenergo, InsurTech leaders Charles Taylor and Swedish crowdfunding platform, FundedByMe. The centre received 425 applications from start-ups operating in the RegTech, Islamic FinTech, InsurTech and broader FinTech sectors, for the third cohort of its DIFC FinTech Hive accelerator programme, a 42 per cent increase from the 2018 programme. Arif Amiri, CEO of DIFC Authority, said the centre is making significant headway towards meeting its 2024 targets. "Our focus on innovation and technology is delivering a blueprint for sustainable growth as we continue our journey towards driving the future of finance. DIFC's emphasis on transforming its lifestyle offering, alongside strategic investments within technology and FinTech means we are confident about reinforcing our position as a leading global financial centre - a great place to live, work, play and do business," Amiri said. Read the full article

[dailykhaleej]

Dubai Free Zones Council launches stimulus package to mitigate economic risks from COVID-19

• Suspending lease funds for six months

• Facilitating installments for funds

• Refunding safety deposits and ensures

• Cancellation of fines for each corporations and people

• Non permanent contracts that permit the free motion of labour between corporations working within the free zones

Dubai: Dubai Free Zones Council on Saturday launched an economic stimulus package below the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Dubai Free Zones Council introduced an economic stimulus package to complement the Dubai Authorities’s efforts to overcome the present state of affairs. This initiative enhances an earlier package introduced lately to cut back enterprise prices and improve monetary liquidity of corporations working within the free zones.

“Within the present distinctive circumstances, Dubai Free Zones are working collectively to spotlight their strategic position and social accountability to help Dubai’s economic system,” Dubai Authorities mentioned in an announcement

Efforts to mitigate risks

The stimulus package contains 5 key parts: postponement of lease funds by a interval of 6 months; facilitating installments for funds; refunding safety deposits and ensures; cancellation of fines for each corporations and people; and allowing momentary contracts that permit the free motion of labour between corporations working within the free zones for the remainder of the 12 months. These benefits additionally profit employees searching for higher job alternatives, and those that have been granted unpaid depart by facilitating their re-employment in jobs in Dubai.

Sheikh Ahmad

“Making certain the enterprise continuity of corporations and offering them the help they want are essential to the Dubai economic system’s capability to efficiently overcome the disaster. He added that the Dubai Free Zones’ stimulus measures complement nationwide efforts to cut back the affect of current world challenges,” mentioned Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airport Free Zone.

Dubai Free Zones play a outstanding position in selling sustainable economic development, attracting investments and supporting Dubai’s imaginative and prescient to be the world’s most popular funding vacation spot and the best place to reside, work and go to. Their contributions to Dubai’s Gross Home Product reached 33 per cent. They supply a base for 44,985 corporations and supply a complete of 389,336 jobs.

All Free Zones chip in

Entities that contributed to this economic stimulus package, in coordination with the Dubai Free Zones Council, embrace: Dubai Silicon Oasis Authority, Dubai Airport Free Zone Authority, Jebel Ali Free Zone, Dubai World Commerce Centre, Dubai Worldwide Monetary Centre, Dubai Growth Authority, Dubai South, Meydan Metropolis Company, and Dubai Multi Commodities Centre.

“Throughout these tough instances, the enterprise sector is dealing with main challenges. We’re eager to present the required help for corporations via a package of reductions and exemptions from charges in Jebel Ali Free Zone (JAFZA), Nationwide Industries Park (NIP) and Dubai Vehicles & Automotive Zone (DUCAMZ). This contains waiving fines on expired commerce licenses for corporations working in these zones. As well as, new corporations can begin their companies with out paying license charges for the primary 12 months,” mentioned Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World and CEO/Chairman of Ports, Customs & Free Zone Company

GITEX 2019 at Dubai World Commerce Centre (DWTC). DWTC is an lively participant within the new stimulus package introduced on Saturday.

Main Dubai free zones are taking part within the stimulus package. “DWTC bears nationwide accountability to help its companions in coping with the present risks of COVID-19. We will help keep sustainable industrial operations via these measures and cut back burdens on the sectors most affected by this disaster, equivalent to SMEs”, by offering the required help to all clients, companions and suppliers,” mentioned Helal Saeed Almarri, Director Normal of the Dubai World Commerce Centre Authority.

The brand new stimulus package is a part of Dubai’s efforts to mitigate the detrimental results of the disaster and pace up the revival of its economic system. This (stimulus) enhances confidence within the emirate and will increase its aggressive benefit globally. The world is dealing with tough challenges given the present unsure and unstable state of affairs which threatens the economic local weather,” mentioned Dr. Mohammed Al Zarouni, Vice Chairman and CEO of Dubai Silicon Oasis Authority, and Director Normal of the Dubai Airport Free Zone Authority (DAFZA).

DIFC to help its ecosystem

The Dubai Worldwide Monetary Centre (DIFC) proposes implementing 5 initiatives over the following three months, which centre on enhancing its efforts to help corporations throughout these distinctive circumstances. Initiatives embrace waiving annual license charges for brand spanking new corporations throughout the subsequent three months, and a 10 per cent low cost on renewal charges for present licenses throughout the identical interval. Moreover, corporations will get pleasure from extra services, such because the suspending of fee plans for all industrial properties owned by DIFC Investments for a interval of 6 months. DIFC will cut back its possession switch charges from 5% to 4% for any property sale that happens throughout the authorised three-month interval, if possession transfers are registered at DIFC inside 30 days after the tip of the three-month interval. “The brand new economic stimulus package offered by the Dubai Worldwide Monetary Centre exhibits its continued dedication to implementing complete measures to help companies and allow corporations to proceed their operations simply and flexibly,” mentioned Essa Kazim, Governor of Dubai Worldwide Monetary Centre (DIFC). Main free zones such because the Meydan Free Zone, TECOM and DMCC too have introduced their participation within the new stimulus package.

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[dubaistartup]

Business Setup In Dubai International Financial Centre (DIFC)

The Dubai International Financial Centre (DIFC) is one of the world’s top ten financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA). As well as connecting the region’s markets to the economies of Europe, Asia and the Americas, DIFC facilitates the flow of trade and investment along the South-South economic corridor encompassing Africa, South Asia and Latin America.

Established in 2004, DIFC is a 110-acre district that is home to 1,750 companies and more than 21,000 highly skilled professionals, making it the largest financial centre in the region.

The Centre provides an environment for these businesses to thrive. Its independent regulator, the Dubai Financial Services Authority (DFSA), has embedded uncompromisingly high standards in a clear, succinct and robust Common Law framework. Meanwhile, the Dispute Resolution Authority (DRA) has grown to become the preferred platform for legal excellence and commercial dispute resolution in Dubai and the wider region. The district also features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas, and hotels. 2018 will see the opening of Gate Avenue at DIFC, a 660,000 sq ft retail and leisure development that will link the podium levels of all buildings elevating DIFC’s position from a leading financial hub to a world-class business and lifestyle destination.

DIFC is also driving the development of the regional financial services sector by continuously engaging with the industry to ensure legislation and the operating environment adapt to market needs and accommodate emerging industries. Most recently, FinTech Hive at DIFC was launched as a first-of-its-kind accelerator, to facilitate collaboration between cutting-edge technology companies and leading regional and international financial institutions.

DIFC is working towards an ambitious 2024 Strategy, which sets out the Centre’s plan to grow threefold by the year 2024. The demand-driven plan covers a four-pronged strategy: facilitating trade and investment across the South-South corridor, deepening core synergies with existing clients, building relevance in key global sectors and continuously enhancing the Centre’s regulatory and physical infrastructure.

At e-Companies Dubai we take care of the entire company setup and business registration process for you from start to finish. Setting up a new company in Dubai and the UAE with us is fast and easy.

Dubai Free-Zone Company Registration services. We offer fast and easy company registration in Dubai South.

Our Dubai South Company Registration includes:

Revision and verification of your application. Revision and verification of your documents. Preparation of a customized business plan for your business. Preparation and filing of Pre-approval (initial application). Preparation and filing of the Registration & Licensing Applications. Preparation and filing of the Memorandum of Association. Preparation and filing of the Articles of Association. Paying of government fees on your behalf. Obtaining licenses

Request a Quote | Request more information.

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[gtmmee]

Starting a Low Cost Business in Dubai: A Comprehensive Guide

Understanding the Market

Dubai's market is diverse and dynamic, making it crucial to conduct thorough market research before starting a business. Identify a niche that aligns with current market demands and offers growth potential. Popular sectors for low-cost businesses include retail, food and beverage, Low Cost Business Setup In Dubai e-commerce, and services like cleaning, delivery, and freelance consulting.

Choosing the Right Business Structure

Dubai offers several business structures, each with its own cost implications:

Sole Proprietorship: Suitable for individual entrepreneurs. It is cost-effective but offers no liability protection.

Limited Liability Company (LLC): Requires a local partner owning 51% of the business. It offers liability protection but involves higher setup costs.

Free Zone Company: 100% foreign ownership allowed, no taxes, and simplified setup processes. Ideal for startups with minimal investment.

Free Zones: The Low-Cost Haven

Dubai's free zones are particularly attractive for low-cost business setups. They offer numerous benefits, including 100% ownership, tax exemptions, and simplified processes. Some popular free zones for budget-conscious entrepreneurs include:

Dubai Multi Commodities Centre (DMCC): Ideal for trade and commodities businesses.

Dubai Silicon Oasis (DSO): Focuses on technology and IT companies.

Dubai International Financial Centre (DIFC): Suitable for financial services and consulting firms.

Essential Steps to Set Up

Business Plan: Develop a clear and concise business plan outlining your business model, target market, competitive analysis, and financial projections. This is crucial for attracting investors and securing loans.

Choose a Business Name: Ensure the name complies with Dubai's naming conventions and is unique. It should not contain offensive language or religious references.

Apply for a License: Depending on your business activity, apply for the appropriate license through the Department of Economic Development (DED) for mainland businesses or the respective free zone authority.

Register the Business: Complete the registration process by submitting the necessary documents, including your business plan, passport copies, and proof of address.

Rent Office Space: Free zones often provide flexible office solutions, Company Setup UAE including shared workspaces, which can significantly reduce costs.

Open a Bank Account: Establish a corporate bank account to handle your business finances. Ensure you meet the bank's requirements, which typically include a business license and registration documents.

Cost Considerations

Starting a low-cost business in Dubai requires careful financial planning. Here are some typical costs:

License Fees: Vary based on the type of license and business activity. Free zones usually offer competitive rates.

Office Space: Shared workspaces or virtual offices in free zones can significantly reduce rental costs.

Registration and Documentation: These include fees for legal documentation, registration, and visas.

Marketing: Budget for initial marketing efforts to build brand awareness and attract customers.

Tips for Success

Leverage Technology: Use digital marketing, e-commerce platforms, and online tools to reach a wider audience and streamline operations.

Network: Attend business events, join professional groups, and connect with other entrepreneurs to gain insights and opportunities.

Localize Your Offerings: Understand and cater to the local culture and preferences to build a loyal customer base.

Stay Compliant: Adhere to local regulations and ensure all licenses and permits are up to date to avoid penalties.

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Axis Bank Recruitment 2018-2019 | Clerk PO and SO Vacancies

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Axis Bank Recruitment 2018-2019

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Company Name Axis Bank Website www.axisbank.com Experience Required Freshers (2017, 2016, 2015, 2014 Pass outs) Qualification Any Graduate / Any Post Graduate Work Location Across India Job Description Entry Level Engineer Type of Industry IT – Software Service Salary  Offered Best in Market   Latest Job Openings in Axis Bank: Bank Teller Bank Clerk Bank PO (Probationary Officer) Specialist Officers Data Entry Staff Financial Analyst Loan Officer Financial Manager IT Engineers BPO Staff Customer Care Executives Bank Security Guards ATM Guards Customer Relationship Managers Accountants Field Officers Marketing Executives  Axis Bank Jobs 2018 Recruitment Drive Axis Bank Company Profile: Axis Bank Limited (formerly UTI Bank) is the third largest private sector bank in India. Although classified as a private sector bank, Axis Bank’s promoters ( UTI, LIC, and GIC, which collectively held approx. 34% of the shares as at 31 December 2013), are all entities owned and controlled by the Government of India. The bank offers financial services to customer segments covering Large and Mid-Sized Corporates, MSME, Agriculture and Retail Businesses. Axis Bank has its registered office at Ahmedabad. Indian Business: As on 31-Mar-2014, the Bank had a network of 2402 branches and extension counters and 12922 ATMs. Axis Bank has the largest ATM network among private banks in India and it operates an ATM at one of the world’s highest sites at Thegu, Sikkim at a height of 4,023 meters (13,200 ft) above sea level. International Business: The Bank has eight international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai, Colombo and representative offices in Dubai and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses. In addition to the above, the Bank has a presence in UK with its wholly owned subsidiary Axis Bank UK Limited. The total assets of the overseas branches were US$7.86bn ().   Axis Bank Recruitment Selection Process: The Selection process consists of the following three rounds. Preliminary Exam Mains (Who cleared the prelims Exam) Interview   Axis Bank Registration Process: Go to the Official website of Axis Bank. Click on the careers link. Select the link available for the opening. Fill the Application with required details. Pay the Application Fee to complete the Registration Process. Axis Bank Eligibility Criteria: Should have a degree from the Recognized university with an aggregate of 60% and above in academics without any Backlogs at the time of applying. Minimum Age Limit:18 years  (As on 1-1-2018). Maximum Age Limit: 28 years If the percentage marks are in CGPA mode, then they are to be converted into Equivalent Percentage.   Document Required (Original and Photocopies): SSC Marksheet HSC/Diploma Marksheet Graduation & Post Graduation all years’ mark sheets Photo ID proof (Pan Card/ Passport / Driving License / College ID) Photograph Resume     Company Address: Bombay Dyeing Mills Compound,  Pandurang Budhkar Marg, Worli,  Mumbai, Maharashtra 400025.   How To Apply For Axis Bank Jobs: Apply Here Note: If you need more details about Axis Bank Recruitment, check the official website. Dear job aspirants, get latest notifications related to Axis Bank Recruitment 2018-2019, by visiting our website www. examin.co.in regularly. Also, you can bookmark this page.   Read the full article

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