The United Arab Emirates presents a host of promising prospects for entrepreneurs who aspire to launch new ventures in the year 2023. Thanks to the nation’s burgeoning economy, which experienced GDP growth of 7.6 percent in 2022 and is forecasted to grow at a rate of 4.2 percent in 2023. Hence, aspiring entrepreneurs can leverage […]
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Setting up a mainland business in Dubai is easy. The mainland company is allowed to do business locally in Dubai and other regions of the UAE. For starting a business in Dubai, one requires a UAE national as a sponsor or partner. Definition of Local Sponsors in the UAE? A Dubai-based sponsor will possess a […]
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What are the new laws that are coming to the UAE in 2023? The government in the UAE is all set to bring in some new laws in 2023 that would change family law, improve employment rights, modify the existing tax laws of the country, and enhance the participation of the UAE within the private […]
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In December 2022, the United Arab Emirates made a Federal Decree-Law regarding corporate taxation with a rate of 9 percent applicable for taxable business profits that exceed AED 375,000. The legislation will become effective from the financial year beginning June 1, 2023. To support small enterprises, the UAE has waived taxation on earnings up to […]
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Why is the UAE the best place for Saudi entrepreneurs? UAE has always garnered attraction among global entrepreneurs who are willing to take risks and begin with their Business Setup Dubai that can ensure their financial success while also paving the way for local economic growth. The main reason for UAE being such a business-friendly country is […]
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The key roles of business setup consultants We Have Helped 100% of Our Clients succeed in their business launch in the Emirati market. They trusted us and we delivered measurable and great results. Chances are that you are reading this because you want to start your own business. No matter what industry you are planning […]
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Dubai is currently home to at least $146 billion in foreign wealth. This wealth can be attributed to the country’s diverse business opportunities, including its strong economic growth, world-class infrastructure, and favorable tax system. What Is an Offshore Company? An offshore company is a legal entity created in a particular jurisdiction but operating outside that […]
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The UAE is one of the most competitive countries globally, with an absolute advantage in commercial and business services. This has helped to attract global attention as a commercial hub with a high rate of growth. A business has to look at several factors before deciding where to operate. The UAE’s strategic location, its young […]
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BY: Absher Business
