Expert articles on company formation, free zones, visas, and doing business in the UAE.
LicenceThe options for company formation in Dubai can be grouped under three main licensing categories: mainland, offshore and free zone. To obtain a Dubai mainland trade license, you need to approach the Dubai Economy and Tourism (DET, formerly DED) department.
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Bank AccountThe challenges of opening a bank account in Dubai have proven to be a serious roadblock for foreign investors. The intense Know Your Customer (KYC) scrutiny to prevent money laundering and terrorist financing (ML-TF) is often cited as the top reason for the difficulty in opening a bank account in Dubai.
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Business SetupOpening a cloud kitchen in Dubai mainland is an excellent business opportunity if you want to make your mark on the local culinary scene without opting for the traditional restaurant model.
Read MoreUBOProviding accurate and up-to-date information on UBOs ensures compliance with reporting requirements and facilitates regulatory oversight. Meeting the UBO compliance requirement may appear complex, but you can hire providers of UBO compliance services in Dubai to navigate it.
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Free ZonesHowever, you need to choose the business activity accurately to launch your RAK DAO company properly. Business setup consultants in RAK can help you select the right business activity.
Read MoreFree ZonesThe process of business setup in RAKEZ can be confusing for new investors who are unaware of the laws and regulations. Business setup consultants in RAK can help you to analyse the features of each license and tips to get them easily.
Read MoreBusiness SetupSetting up a car wash business in Dubai mainland is a profitable idea as official data suggests that every second person now owns a car in the emirate.
Read MoreFree ZonesSetting up a crypto business in RAK DAO provides the virtual assets entrepreneurs access to robust regulations, excellent infrastructure and the availability of all services under one roof.
Read MoreLicenceThis growth is favourable for foreign investors planning to obtain a Dubai Mainland Sports Events Marketing License. However, you must understand the regulations governing the process of business setup in Dubai mainland to make things easier.
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