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All About the New DIFC Innovation Licence

September 3, 2020

Are you looking for a Free Zone business licence that can offer you a wealth of opportunities for your startup? Fortunately, the brand-new DIFC Innovation Licence from the Dubai International Financial Centre is the DIFC company formation solution you’re desiring. We’ll have a closer look at what this new scheme entails and the steps to carry it out. A brief overview of DIFC Company Regulations While we have taken a deep-dive into the DIFC previously, the essential information about this Free Zone you should consider is that it’s one of the top ten financial centres in the world. It’s also the prime financial hub in the Middle East, South Asia and Africa (MEASA) region. The DIFC Companies Law serves as the regulatory framework for

Protect Your IP in the UAE With the RAKICC

August 27, 2020

Are you interested in setting up a company in the Dubai Multi Commodities Centre, or DMCC, Free Zone? As Dubai’s dedicated commodities marketplace, the DMCC Free Zone is one of the Emirate’s premier commercial areas. It also happens to be the home of our Head Office in Dubai. If you’d like to join us as one of the thousands of DMCC Free Zone companies, here’s what you need to know. What is the DMCC Free Zone in Dubai? The Dubai Multi Commodities Centre opened in 2002 in the heart of the Jumeirah Lake Towers district in the centre of Dubai. Today, it is one of the top Free Zones in the world, boasting an “A” rating for the Standard and Poors (S&P) credit agency

The Dubai Tech Hub at the DMCC

August 12, 2020

The Dubai Multi Commodities Centre, despite its name, offers much more than opportunities for commodities trades or financial services as we mentioned in our overview about the DMCC. Among the activities happening is its hub as a tech city. What are the opportunities in tech that await you? We’re going over the latest updates. The DMCC as a technology business centre The DMCC announced that 805 new companies joined the Free Zone in the first half of 2020. The company formation numbers in May and June were on par with figures from prior years, and a noticeable increase from March and April when demand softened due to the impact of the global pandemic. The Free Zone plans to focus on strategically attracting firms

DIFC Company Regulations and Benefits

July 30, 2020

What are the regulations for companies in the DIFC Free Zone? For firms in banking, capital markets, Islamic Finance, and a wealth of other niche markets within financial services, this financial hub in the Middle East is the home for their Dubai company formation solution. If you’re evaluating whether DIFC company formation is right for you, we have what you need to know to help you along in your decision-making process. But first, what is the Dubai International Financial Centre? The Dubai International Financial Centre, or DIFC, is one of 45 Free Zones in the United Arab Emirates. It commenced operations in 2004 and was ranked number eight in the Global Financial Centres Index in 2019, making it a top ten financial centre. It’s

Company Setup in the DMCC Free Zone: Rules and Regulations

July 9, 2020

When pursuing company formation in the UAE, or anywhere in the world, opening a bank account is fundamental for carrying out the day-to-day transactions for your enterprise. The steps for opening a bank account for your company in the UAE may not have everything clear. What issues could arise that could make it challenging to open an account? Fortunately, we have the details about what you might expect to avoid any potential headaches in you getting on and commencing operations. Details about UAE bank accounts for company formation The process for opening an offshore or standard bank account for your company in the UAE first depends on your residency status in the country. First, you have to consider the type of bank you need.

How to Choose the Right Commercial Property in the UAE

April 23, 2020

Are you interested in buying or renting a commercial property in the UAE? Just like with choosing the right location in the UAE for your enterprise, many factors go into investing in commercial properties in the UAE. With that in mind, as company formation experts in the Emirates, we’ve gathered everything you need to know to make the process efficient. But first, let’s talk about VAT in the UAE and its implications for commercial property The UAE has only had a five per cent value-added tax, or VAT, in effect since 2018 but there are many classes of goods and services that receive an exemption from VAT and, therefore, do not pay any VAT. Unfortunately, commercial property transactions are not among the